Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) next week to review performance of the lenders and progress made by them to support the economy battered by the COVID-19 pandemic. Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy, sources said. According to sources, the two-day meeting would commence on November 17 and undertake a comprehensive review of various segments, progress in government schemes including Aatmanirbhar Bharat Abhiyan.
Putting to rest speculations that Prime Minister Manmohan Singh was reluctant to address the Parliament -- on the Indo-Pakistan joint statement issued at Sharm el-Sheikh -- the Prime Minister's office has clarified that both the PM and Finance Minister Pranab Mukherjee will speak on the subject.Media reports on Tuesday night had claimed that only Mukerjee would address the Parliament.According to sources, new additions have been made to the PM's earlier statement.
Officers from various departments including the finance ministry to be part of rehearsal event
Prime Minister Rishi Sunak on Wednesday held his first Cabinet meeting with the new team as he prepares for his debut at Prime Minister's Questions, the first big test of Britain's Indian-origin premier's leadership.
Tamil Nadu is leaving no stone unturned in marketing its upcoming global investors meeting on January 7 and 8. While business veterans are promoting the positives of the state's industrial climate through the 'Titans of Tamil Nadu" campaign, the state is narrating the human stories behind its robust industrial growth via the 'One Trillion Dreams' campaign. Among the industry bigwigs, who are showcasing Tamil Nadu to the world through this mega marketing initiative include Venu Srinivasan of TVS Motor Company, K M Mammen of MRF Ltd, Pratap Reddy of Apollo Hospitals, P R Venketrama Raja of Ramco Group, Mallika Srinivasan of TAFE; and Vellayan Subbiah of Murugappa Group.
Conservative Party leader Liz Truss was on Tuesday formally appointed as Britain's new Prime Minister by Queen Elizabeth II, becoming the third female premier of the country.
Her expression of strong support to Chidambaram, who has also been a home minister, came a day after the Delhi high court refused to grant him any protection from arrest in the INX media case.
For the banking system a new cycle starts in FY2024. It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.
In a Facebook post, Jaleel himself confirmed that he had put in his papers. "I am happy to say that those who had been baying for my blood can be relieved for now. I have submitted my resignation to the chief minister. Since the past two years, I have been facing a media onslaught," Jaleel, second minister in the LDF ministry to resign on nepotism charges, said in the post.
The CBI suspects that Chidamabaram and his son Karti also received kickbacks from other companies.
The finance minister asked lenders to identify eligible borrowers and reach out to them and urged for quick implementation of a sustained resolution plan for the revival of every viable business.
The Union Cabinet, headed by Prime Minister Narendra Modi, also observed silence for two minutes in the memory of Mukherjee.
Capping a visit that attracted controversy and opposition ire, EU parliamentarians visiting Jammu and Kashmir on Wednesday termed Article 370 an internal issue of India and said they stand by the country in its fight against terrorism.
'Gurashman's death is being treated as unexpected, and while there is nothing to suggest it was suspicious, we will ensure our investigation is as thorough as possible to confirm this'
Ajay Banga will be a 'transformative leader', who will bring expertise, experience, and innovation to the position of World Bank President, United States President Joe Biden has said after the top Indian-American business executive was confirmed as the new head of the international lender.
Former Prime Minister Benjamin Netanyahu led right-wing bloc has secured an emphatic victory in Israel's general elections by claiming 64 out of the 120 seats in parliament, bringing the country's longest-serving premier back at the helm after a brief gap and also ending prolonged political instability.
Naidu visited the All India Institute of Medical Sciences to enquire about his former cabinet colleague's health.
Noted criminal lawyer Ram Jethmalani will represent Delhi CM Arvind Kejriwal in the civil and criminal defamation suits filed against him by Finance Minister Arun Jaitley.
Refusing to link his seeking voluntary retirement, a year before his superannuation, to his transfer to the relatively low profile power ministry, he said that he had conveyed his decision to the Prime Minister's Office on July 18.
The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.
The agency was allocated Rs 835.39 crore to manage its affairs in 2021-22 which was later increased to Rs 870.50 crore in the Revised Estimates given in the Budget document released Tuesday by Finance Minister Nirmala Sitharaman.
The decision had been communicated to the department of telecommunications, a senior official of the department told Business Standard.
Even as Finance Minister Pranab Mukherjee on Thursday officially and publicly stuck to his stated position that the 2G note was an "inter ministerial background paper" and that the "inferences and interpretations in the note are not my views", sources say that a internal inquiry would be held at the highest level to pinpoint who had made the inferences and at whose behest.
Submitting a dissent note against the JPC report on 2G spectrum, Bharatiya Janata Party on Thursday said it was flawed and a bundle of contradictions drafted by people in the government on the directions of the Prime Minister and the Finance Minister as a "cover up" exercise.
The court directed Tihar authorities to provide Chidambaram with medicines, western toilet, security and separate cell.
Ahead of the 2023-24 Union Budget, the thinking at the top level of the central government is clear: Gross domestic product (GDP) growth of 6-6.5 per cent is a comfortable enough target for FY24 and the focus should be on fiscal consolidation to ensure that the sovereign cost of borrowing does not become prohibitively expensive in a high-interest rate environment, according to people in the know. Those aware of deliberations between the Prime Minister's Office (PMO) and the Ministry of Finance said while the Budget would look to strike a balance between infrastructure investment and welfare schemes, it is unlikely to be populist, though it will be the last full-year Budget before the 2024 Lok Sabha election. Incidentally, 6-6.5 per cent GDP growth is what the upcoming 2022-23 Economic Survey is expected to project for FY24.
OPS has impressed Chennai residents by his astute, on the scene, handling of the Cyclone Vardah aftermath.
'When the average growth in the last three years was just 2.5%, how does that make us the fastest growing country?' 'They only tell you what has happened in the last 2 years; they are not taking into account what happened in FY21 on account of their mistakes.'
It was not clear whether the petition filed recently against Prime Minister Manmohan Singh and Finance Minister P Chidambaram.\n\n
The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, has given a call for a two-day strike from December 16 to protest against the proposed privatisation of two state-owned lenders. In the Union Budget presented in February, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of its disinvestment plan. The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.
Sri Lankans were on the edge on Tuesday as they waited whether embattled Gotabaya Rajapaksa will honour his offer to resign as president, amid signs that key members of the erstwhile powerful ruling family were attempting to flee in the face of massive public anger against them for mishandling the economy that has bankrupt the country.
After launching the ATM service at Thiyagaraya Nagar Head Post Office, Chidambaram said that Rs 4,909 crore had been allocated for the IT modernisation of Department of Posts in the interim budget for 2014-15.
Tension gripped Kerala as an unidentified person allegedly hurled an explosive substance at the state headquarters of the ruling Communist Party of India-Marxist on Thursday night.
The Enforcement Directorate on Wednesday searched the office of Karti Chidambaram, son of former Finance Minister P Chidambaram, in connection with its probe against firms owned by his friends.
For the first time in his political career, he failed to carry his party to even a working majority -- and again, for the first time in his career, he finds himself in a situation where he cannot rule by dictatorial fiat, points out Prem Panicker.
A special session of the Kerala Assembly is being convened on Wednesday to discuss the three contentious central farm laws and pass a resolution against the acts, whose repeal is being insisted by farmers agitating at the borders of Delhi for nearly a month.
Employees of public sector general insurance (PSGI) companies are observing nationwide one-day strike on Wednesday to protest against intended privatisation of state-owned insurers. The Joint Front of Trade Unions in PSGI companies met on Monday and decided to protest against the decision of the government to privatise PSGI companies. The unions have given a call for one-day strike against the passage of the General Insurance Business (Nationalisation) Amendment Bill 2021 in the Lok Sabha, General Insurance Employees All India Association general secretary K Govindan said. Employees of all four PSGI companies are participating in the day-long strike, he said.
In the case of the killing of the IAF personnel in a terror attack in Srinagar in 1990, the court had summoned two witnesses for identification, but they could not appear citing medical reasons, Bhat said, adding that both of them had to come from outside.
During a meeting of parties convened on Sunday ahead of the Monsoon Session of Parliament, Tamil Nadu-based Dravida Munnetra Kazhagam and All India Anna Dravida Munnetra Kazhagam demanded India intervene in the neighbouring country which is facing a debilitating economic crisis.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances