But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.
'Every few days, I wake up with a sense of restlessness that time is running out'... 'We have created a due process for stressed assets to resolve, but there is no concrete plan in place for public sector bank balance sheets,' says RBI Deputy Governor Viral Acharya.
The home minister also said that the government is committed to protecting the sovereignty and security of the country.
Fitch Solutions sees RBI keeping benchmark interest rates unchanged during the fiscal to March 2022 following its decision to buy Rs 1 lakh crore of government bonds. "We had initially expected another policy rate cut to arrest the rise in government bond yields since the Union Budget announcement in February. "However, having an explicit bond purchase guidance from the RBI following the announcement of the G-SAP will also achieve a similar effect, if not even be more effective than a rate cut on capping the increase in bond yields," it said in a note. The Reserve Bank of India (RBI) held its policy repurchase (repo) rate unchanged at 4 per cent at its monetary policy meeting on April 7.
The UFTA is an umbrella body representing 41 associations and unions of goods and passenger segments, including trucks, buses, autos, tempos, maxi-cabs and taxis plying in the Delhi-NCR region.
As fresh Covid-19 cases continued to increase, the Tamil Nadu government on Thursday announced reintroduction of curbs like permission only for 50 per cent seating capacity in cinemas and ban on select activities effective April 10, to help prevent the spread of the virus.
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
Companies will have to follow all requirements laid out under rules for holding board meetings via video conferencing such as recording of these proceedings, ensuring availability of proper equipment among others.
The danger to India's democracy is coming from recourse to mobocracy encouraged by the anti-Modi gang, argues Vivek Gumaste.
The data was not available for a couple of days and it created panic in the public, mostly among the people excluded from the list as the rejection certificates were yet to be issued.
Welcoming the Supreme Court verdict barring N Srinivasan from contesting any BCCI election on grounds of conflict of interest, head of IPL-6 spot-fixing and betting probe committee Justice Mukul Mudgal said that it will have far reaching ramifications as it will also impact on all sports bodies.
The spot-fixing and betting scandal in the Indian Premier League has prompted the government to push for introduction of Sports Fraud Bill in the Parliament in the ongoing monsoon session, Sports Minister Sarbananda Sonowal said on Thursday.
Public banks may have a tough time in 2015 as they had to write off Rs 1 trillion.
Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.
There is growing acceptance of the idea in the international community that engaging the Taliban government is a far better approach than ostracising it, observes Ambassador M K Bhadrakumar.
Congress sources also said speculation that Motilal Vora would be appointed as interim party president are incorrect.
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
It is baffling how the PM chose the LCH as an indigenous product to celebrate on Rashtriya Raksha Samarpan Parv, even while his Cabinet holds up manufacturing clearance for 15 LCHs on the grounds that they are not Indian enough.
In 2014, the Congress had won five seats in Mumbai, which has 36 assembly segments.
Extended rounds of negotiations having failed, farm leaders now reckon that their best chance to pressure the government lay in defeating the BJP in the coming assembly poll, particularly in UP, observes Virendra Kapoor.
Ajit Balakrishnan offers a thinking man's guide to the state of ecom in a nation of shopkeepers.
Linking all new floating rate loans to an external benchmark won't impact existing borrowers, so customers who have taken long-term home loans recently should watch things carefully, say Joydeep Ghosh and Sanjay Kumar Singh.
The Centre's retreat from the farm laws is likely to have a significant bearing on the fate of laws that the Centre has made, for instance, in labour and electricity, predicts A K Bhattacharya.
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
The CIC's directive came while deciding on a plea by Lucknow-based activist Nutan Thakur, who had based her RTI application on some media reports that RBI deputy governor Viral Acharya in a lecture in 2017 had said accounts of some loan defaulters have been sent to banks for resolution.
'Ultimately, we have to understand that we don't have the supply at the population scale. 'Therefore, it has to be prioritised.' 'That's what the government has done.'
The findings of the report showed consumer spending falling for the first time in over four decades in 2017-18. The government has, however, termed it a "draft" report, reports Somesh Jha.
Once the patients are identified, the government will decide on the quantum of compensation in each case and then approach J&J for claim settlement.
The strike call is over privatisation, mergers, and also due to write-off of corporate NPAs, criminalisation of willful default
The Lalu Prasad-led Rashtriya Janata Dal MPs, including his daughter Misa Bharti and Manoj Jha, also staged a protest at Mahatma Gandhi's statue inside the Parliament complex and contended that despite being the chief opposition party in Bihar and the single largest party in the Assembly, it was not invited.
Delhi BJP chief Tiwari said each poor family will be provided good quality, subsidised 'atta' (wheat flour) at a rate of Rs 2 per kilogram. The BJP will bring an ambitious 'Samridh Delhi Infrastructure Scheme', with a provision of Rs 10,000 crore, to ensure "focussed and priority" development of roads, flyovers, foot over-bridges and other key infrastructure projects, the manifesto stated. The manifesto promises to set up a 'Colonies Development Board' for undertaking development of various civic amenities.
A government panel examined the records of employees surveyed by Labour Bureau's quarterly enterprises surveys and mapped it with the EPFO's subscribers and found "unexplained variations" between the two.
The Ministry of Home Affairs amended its guidelines on October 12 to include the chairman, managing director or chief executive officer of each public sector bank on the list of authorities who can issue requests for opening look-out circulars against whom an FIR is yet to be filed.
The departing directors had criticised the club's handling of a social media scandal and expressed doubts about the board's ability to handle the implications of the COVID-19 pandemic, which has led to a 70% players' pay cut.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
The chief of the Central Intelligence Agency on Friday apologised for the United States' spy agency's surveillance of computers used by lawmakers and their staffers involved in investigating the organisation's harsh interrogation techniques.
Top officers across various ministries participate in the meeting that started at 8 pm on Saturday. The meeting is currently underway. The country is currently witnessing a second and more severe wave of the pandemic.
Since 2009, the Department has publicly charged 73 account holders and 35 professionals with violations arising from their offshore banking activities, and 72 individuals have plead guilty or were convicted at trial.
Reacting to the announcement, MSME Minister Nitin Gadkari said clearing GST dues within 30 days will be highly beneficial for the MSME sector and will also be instrumental in increasing job opportunities.
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