'PNB had confirmed compliance with the RBI's prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,' Minister of State for Finance Shiv Pratap Shukla said in Rajya Sabha on Tuesday.
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
'Let me narrate the background as to why Siddaramaiah was taken from my party to the Congress.' 'He belongs to a particular backward community. So by taking Siddaramaiah from my party, it was going to be more advantageous for the Congress.' 'Whatever may be the merits and demerits of the caste equation, it is a consideration for all the parties.' 'The BJP is also playing the caste guard.'
The fiscal deficit rose primarily on the back of lower non-tax revenues, which came in at 60 per cent of full-year target, compared with 62.4 per cent for the same period last year.
The opposition would push for the passage of the two bills -- the farmers' freedom from indebtedness bill and the farmers' right to guaranteed remunerative minimum support prices for agriculture commodities bill -- in the Rajya Sabha
FPIs are currently capped at 5 per cent of the total outstanding government dated securities, and own 4.5 per cent
Though this is part of the divestment drive, government's stake in these companies remains 100 per cent even after the buybacks
'We have 100,000 students going abroad every year.' 'So, we have room for at least 100 universities of very high quality to service those 100,000 students.'
The BJP is still short of the halfway mark of 123 in the 245-member House, but can now muster a 'working' majority with help of allies, friendly parties, some Independents and nominated members.
With banks staying out of the bond market, and foreign investors exhausting their investment limit, the question is: Who will buy the Rs 4.6 trillion bonds that will be issued from April.
Arvind Subramanian was appointed CEA in October 2014 and got a year's extension in September 2017
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
The rapprochement could open the door to an anti-saffron alliance for the 2019 general elections, reports Archis Mohan.
BJP strategists know it may not repeat its 2014 performance in its traditionally strong bases in the north and the west. This is where the success in the north east and east is so important.
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
Even existing cases might come under the proposed law, including those of Vijay Mallya, Nirav Modi and Mehul Choski. But, the law would not cover earlier cases.
Y H Malegam, 80, will head the panel that will look into non-performing bank assets and their relation to the Rs 114-bn PNB scam.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
While the formation of a holding company will not outright privatise State-owned banks, officials believe it will help the Centre deflect criticism arising out of the latest banking scams.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances