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What is a letter of comfort?

The Reserve Bank of India recently disallowed the use of Letters of Comfort (LoC), which may impact loans worth Rs 35,000 crore. What is this letter of comfort? Let us find out

Updated On: 16 Aug 2022 | 7:00 AM IST

Letter to BS: Modi govt defeats no confidence motion in Lok Sabha

Rahul Gandhi forgot that freedom of speech and expression is important but is also circumscribed for maintaining order and decorum

Updated On: 22 Jul 2018 | 11:28 PM IST

Letter to BS: Need to re-think policy actions that benefit all countries

It should not be forgotten that sound economics consists of taking into account long-term effects of a particular policy on all rather than short-term effects on a particular group

Updated On: 26 Mar 2018 | 10:29 PM IST

Letters: Act before it is too late

This tragedy has once again forced us to ponder what is the status of pubs, bars and eateries in NCR

Updated On: 31 Dec 2017 | 11:30 PM IST

Letters: Leaders are examples

Great to learn that the two main political parties gave up their usual penchant for quibbling over petty politics and decided to 'get down to business'

Updated On: 31 Dec 2017 | 11:29 PM IST

Letters: Selective freedom

Union minister Ananthkumar Hegde is at the centre of controversy for saying that Constitution should be changed Business Standard

Updated On: 31 Dec 2017 | 11:25 PM IST

Letters: Bring accountability

A simplification of statutory reporting procedures should be backed by strict follow-up with penal provisions to ensure timely compliance with statutory requirements

Updated On: 28 Dec 2017 | 11:05 PM IST

Letters: Not good economics

And the cost of such waivers are huge so what government does is cut the social sector spending

Updated On: 28 Dec 2017 | 11:03 PM IST

Letters: Enforce safety measures

Our roads are not conducive to high speed as maintenance of roads is far from satisfactory

Updated On: 28 Dec 2017 | 10:59 PM IST

Letters: Life beyond Earth

There may well be life - and intelligent life - beyond our solar system, but how could we meaningfully communicate with it?

Updated On: 27 Dec 2017 | 12:11 AM IST

Letters: Bizarre amendment

The amendment will allow the court to order interim compensation to those whose cheques have bounced

Updated On: 27 Dec 2017 | 12:11 AM IST

Letters: Fighting agrarian distress

The involvement of private companies in mitigating agrarian distress is a welcome reform to create a more conducive environment for farmers

Updated On: 27 Dec 2017 | 12:10 AM IST

Letters: 'Dependent' directors

Understanding a company, its environment and its practices cannot and is not a part-time business

Updated On: 25 Dec 2017 | 11:12 PM IST

Bouncers at Sachin

Tendulkar, who was in the House to initiate a discussion on the right to play and the future of sports in India could only stand and watch

Updated On: 24 Dec 2017 | 10:12 PM IST

Do not curb imports

The importers should be allowed to have freedom to access domestic or international markets at their choice instead of forcing cost hike of imports

Updated On: 20 Dec 2017 | 11:04 PM IST

Hasty decision

The across the board doubling of customs duties, which seems to be a hasty decision, will adversely affect the whole manufacturing and retailing industry in the country

Updated On: 20 Dec 2017 | 11:01 PM IST

Boost leather sector

Leather exports from India is sluggish, so a lot more policy measures are needed for a revival

Updated On: 18 Dec 2017 | 10:37 PM IST

New innings

On the eve of his decision to take over as party president, Rahul seems to have benefitted doubly by joining the game of image-making

Updated On: 17 Dec 2017 | 10:38 PM IST

Dairy optimism

Development can be promoted only when there is optimism coupled with the determination to overcome challenges

Updated On: 17 Dec 2017 | 10:38 PM IST

Better late than never

Let all the residents make the best use of the city's public transport/Metro trains at least for four days a month

Updated On: 17 Dec 2017 | 10:38 PM IST