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International arbitration court imposes $5 billion penalty Pakistan

International Arbitration Court has imposed over $5 billion penalty on Pakistan for unlawful denial of a mining lease to a company called Tethyan Copper Company for Reko Diq project in 2011. This penalty on cash-strapped Pakistan is one of the biggest in its history. About Tethyan Copper Company v/s Pakistan Case In 2012 Tethyan Copper ..

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RBI imposes Rs 1 crore fine on State Bank of Travancore

The Reserve Bank of India (RBI) has imposed a monetary penalty of one crore rupees on State Bank of Travancore, an SBI associate bank for violation of some of its instructions. The monetary penalty was imposed on State Bank of Travancore for violation of its instructions including reporting of data to Central Repository of Information ..

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