In April 2004, the ministry had permitted banks to purchase new vehicles for replacement or otherwise on "need basis".
Delhi Police has handed over the laptop and mobile phones of Congress MP Shashi Tharoor's deceased wife Sunanda Pushkar to Gandhinagar-based Directorate of Forensic Science, to retrieve crucial data, which could help the ongoing probe into her death.
According to the EPFO estimates, there would be a surplus of Rs 151.67 crore after providing 8.65 per cent rate of interest for 2018-19 on EPF.
FinMin finally sacked executive directors K V Brahmaji Rao and Sanjiv Sharan on January 18. The bank's board, however, had felt they had no criminal intent and it was a case of 'casual oversight'
The government is working towards further review and simplification of the foreign direct investment (FDI) policy to facilitate the proposed initial public offering (IPO) of the Life Insurance Corporation (LIC), Department for Promotion of Industry and Internal Trade (DPIIT) secretary Anurag Jain said on Thursday. The final decision will be taken by the Cabinet. The industry department is working together with the finance ministry's department of financial services (DFS) and department of investment and public asset management (DIPAM) towards a successful listing of the life insurer on the domestic bourses, which is expected to be the largest in India.
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
Eight fire tenders were rushed to the spot after a call of a fire at a house was received at 12.30 am. The ground floor of the building housed a godown for clothes while the other three floors were residential in nature, according to the fire services.
There are no regulations governing virtual currencies in India and the RBI has not given any licence to any entity/company to operate such currencies.
A part of Rs 6.5 lakh cr corpus may be used to set up Workers' Bank.
Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided
The All India Bank Officers' Confederation has condemned the purported "unsavoury attack" on SBI chairman Rajnish Kumar by Finance Minister Nirmala Sitharaman during a banking event last month in Guwahati. The association claimed that an audio clip has gone viral on social media that revealed the finance minister coming down heavily on the SBI chief, accusing him of poor credit uptick, during an outreach programme in late February.
Tax shortfall: Finmin asks banks to deposit March TDS by month end.
Corporate affairs ministry note for ministerial group says can't keep banking, telecom out of CCI purview as RBI, Trai enable but not regulate competition
The finance minister chaired a meeting through video conference with major private banks and NBFCs to ensure effective rollout of ECLGS and uninterrupted liquidity to Indian MSMEs in this difficult time.
Barring stray references such as the 'dual control' of banks and shifting the goalposts during demonetisation, he is not in a fault-finding mode with the government, notes Tamal Bandyopadhyay.
DFS writes to departments that haven't responded to RBI's request for information.
Luxury car major Mercedes-Benz India will extend its financial arm, Daimler Financial Services to India. A few approvals were needed from the authorities before it could begin operations, said Wilfried Aulbur, managing director and CEO, Mercedes-Benz India, in Pune today.
Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.
Dense toxic smoke from burning sewing machines, plastic toys and boxes, rexin rolls, plastic wrappers, card boards, packaging material and garments had engulfed the building, making it difficult to conduct rescue operations, firefighters said.
However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19
This Act had to be excluded from the list of the obsolete laws to be repealed as some of its provisions provide security to the pensioners against attachment of pension
With a view to protect prudent commercial decision of bankers, the government has taken a slew of decisions, including doing away with personal responsibilities of MD and CEO of PSBs for compliance in dealing with large value frauds committed by bank officials.
According to the Central Pollution Control Board (CPCB), the 24-hour average concentration of lung-damaging fine particles known as PM2.5 in Delhi-NCR shot up from 243 micrograms per cubic metre at 6 pm on Thursday (Diwali day) to 410 micrograms per cubic metre at 9 am on Friday, around seven times the safe limit of 60 micrograms per cubic metre.
The narco-analysis test to be conducted on the accused in Soharabuddin Sheikh fake encounter case, including suspended IPS officer D G Vanzara, has been postponed due to some problem in the interpretation of legalities regarding the test.
The Delhi police has received a report from Gandhinagar-based Directorate of Forensic Science
DFS sources said the medical tests were a prelude to the narco-analysis or "truth serum" tests on the accused and it was during the test that it was revealed that Surendra was diabetic.
Sania Mirza shocked fifth seed Flavia Pennetta in straight sets to advance to the second round of the Ordina Open in s'Hertogenbosh, Netherlands on Monday. Sania shrugged off her disappointing first match loss at the DFS Classic last week and went all out against her Italian opponent to register a convincing 6-4, 6-3 win in one hour and 12 minutes in the first round.
The Indian ace lost l3-6, 0-6 to New Zealand's Marina Erakovic in the second round of the DFS Classic grass-court tournament. US-based Rao beat wildcard Naomi Cavaday of Great Britain 4-6, 6-3, 6-1 after an hour and 50 minutes.
The DFS will now analyse the data and prepare its final report.
The two accused in serial killings of children in Noida's Nithari village underwent brain mapping and polygraph tests at the Directorate of Forensic Sciences in Gandhinagar on Saturday.
DFS Assistant Director D B Talati refuted any such possibility when he was cross-examined by the inquiry panel probing the fire on the train and the post-Godhra communal riots of 2002.
Qualifier Sunitha Rao put up a good fight before bowing to fifth seed Alona Bondarenko in the third round of women's singles at the US $200,000 DFS Classic in Birmingham on Friday. The Indian, at 160 in the WTA charts, was up against world No 29 and put up a spirited fight before losing 3-6, 7-5, 6-1 in a little over two hours.
The Indian ace was shown the door by the eighth seeded Italian in the second round of the Birmingham DFS Classic.
The 20-year-old Indian ace, however, slid in the doubles chart, dropping four places to 41st.
'Even during the lockdown, we have received many online enquiries and subsequent bookings.'
I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
The Indian teenager jumped three places to 38th in the latest WTA rankings on Monday.\n
It's not easy being Sania Mirza with over a billion people watching every move she makes but the Hyderabadi teenager does not complain and says she has learnt to live with it.
Sania Mirza slipped to 41 in WTA rankings after a first round exit at the French Open
