It will help to control the subsidy bill.
Though it will tackle the tangled web of permissions required for a project, a bottom-up approach would be more effective.
Since the privatisation of power distribution in Delhi about a decade ago, the overall electricity situation has improved.
Move significant as new banking licences under his purview.
The Reserve Bank of India (RBI) has asked banks not to treat Kingfisher Airlines' brand as collateral since it is intangible. This is because the loan has turned non-performing for most of the banks.
Seek easing of asset classification guidelines for better credit flow.
The sources said the ministry had agreed with the RBI's views that at a time when the country had a high fiscal deficit, the move might not be appropriate.
Four years on, too little has changed
The government should step up its efforts to improve rural sanitation, for the sake of the children who die as a consequence of cultural apathy.
In a recent communication to the bank chiefs, the ministry has said all such loans to the corporate sector can be sanctioned only after board approval and need to be backed by securities within six months of sanctioning, failing which the loan would need to be phased out.
It had asked govt banks to reduce these and certificates of deposits to a combined 15% of total deposits
On sarkaritel.com, a private initiative that serves as a gateway to the government, the council of ministers does not include the finance portfolio at all.
The governor had just made an elaborate presentation in defence of the central bank's decision to not to succumb to industry's demand for rate cuts in the mid-quarter policy.
The governor had just made an elaborate presentation in defence of the central bank's decision to not to succumb to industry's demand for rate cuts in the mid-quarter policy.
Lender to acquire 30% after existing shareholders divest stake
According to sources, the central bank is keen on such a scheme to attract foreign exchange, as the country's reserves have seen a depletion in the wake of a weakening domestic currency.
Ministry says capital infusion if loans extended only to productive sectors
With 1.36 million employees, the railways are one of the country's biggest employers, constituting 28 per cent of the total central government employees.
High crude oil prices, which the central bank perceives as a risk to inflation, may limit the extent of rate cut to 25 basis points rather than 50 bps, economists said.
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