Despite sluggish credit growth, most banks are cautious about growing their unsecured loan portfolio.
The regulators have proposed changes in the norms for inclusion of mutual funds in the scheme.
Unions said the revised wage structure should reflect the merger of dearness allowance.
Also on agenda is rising credit flow to MSMEs & farm sector.
The outstanding loan amount is Rs 7,000 cr.
Move fuels fears of consolidation among unions of some small banks; won't force unification, clarifies finance ministry.
Lenders to Kingfisher Airlines have been left in the lurch, with most hoping the airline resumes operations, as this would ensure at least some revenue flow.
Spectrum auction and divestment proceeds likely to disappoint, subsidies are likely to overshoot the Budget target and there might also be some shortfall in tax collections.
Those paying more than Rs 25 lakh in service tax will soon have to file their returns every month instead of once in six months.
IIFCL Chairman S K Goel says the recommendations are premature, as the state-run lender's role as a guarantor for long-term funds would depend on the success of the Credit Enhancement Scheme and Infrastructure Debt Fund.
Stuck projects to spring back to life with fresh lending; cut in end prices to benefit buyers.
A positive list for taxation of services might be back, though only for accounting purposes.
Nine of 10 bankers who attended the meeting admitted their sanctioned loan pipeline was shrinking fast due to tepid demand.
FinMin talking to Irda on many issues, meeting Chidambaram this week.
The government would take a hit of about Rs 6,000 crore (Rs 60 billion) this year if it rolls back the excise duty of Rs 1.5 per litre on diesel it levied last week.
Finance Minister P Chidambaram will soon have to decide whether to stick by his predecessor's choice of former Reserve Bank governor Y V Reddy for chairmanship of the 14th Finance Commission, to be set up next month.
The finance ministry is instead thinking of expanding the list of services on which the tax would be levied under the reverse charge mechanism.
The finance ministry may ask cash-rich public sector undertakings (PSUs) to invest in foreign assets that are currently available at cheap rates due to the global economic slowdown.
As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial
Finance Minister P Chidambaram has called a meeting of officials from life insurance companies on September 1. The meeting is aimed at improving insurance penetration and addressing concerns of companies in the sector.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances