Jaitleysaid Mallya misused his position as an MP to accost him once in Parliament.
Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.
Singh, who headed the UPA coalition government between 2004 and 2014, turned 88 on Saturday.
Replying to the general discussion on Budget in Lok Sabha, she said the former Congress chief was creating fake narratives but does not have patience to listen to replies on allegations levelled against the government.
'What criteria is GoI (government of India) using to judge how long the lockdown is to continue...'
Prime Minister Manmohan Singh and UPA Chairperson Sonia Gandhi will inaugurate country's first all-women Bharatiya Mahila Bank in Mumbai on November 19, the birth anniversary of former Prime Minister Indira Gandhi.
The finance minister also said that the merger would not result in any retrenchment but rather improve the benefit of the employees.
The Bills are primarily aimed at helping the MSME sector and small traders, Finance Minister Piyush Goyal said while introducing these in the Lok Sabha
Various indicators make it amply clear that there are grave challenges facing the new government of Chief Minister Nitish Kumar, reports Indivjal Dhasmana.
Jaitley said the Congress has given to the people many slogans but very little resources to implement its election promises.
Employees of public sector banks (PSBs) on Thursday went on two-day strike against the move to privatise public sector banks impacting normal banking operation across the country. Many branches across different parts of the country were shut as the United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) had given two day strike call. As a result, services such as deposits and withdrawal at branches, cheque clearance and loan approvals might be affected due to the strike. But ATMs are expected to function as usual.
The Cabinet on Wednesday approved public private partnership mode for the rollout of BharatNet project for broadband services in villages in 16 states with viability gap funding of Rs 19,041 crore, Telecom Minister Ravi Shankar Prasad said. Prasad said the decision to involve private players was taken after Prime Minister Narendra Modi announced on August 15, 2020 that around 6 lakh villages in the country will be connected with broadband in 1,000 days. "The Cabinet has in-principle approved implementation of BharatNet in 16 states in a public private partnership model with total expense of Rs 29,430 crore.
Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay.
The Union Budget 2014-15 has proposed to set up new IITs and IIMs
Finance Minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are "coming back" to India" to face the law.
The imapsse continues over issues like bank scams and special status demand for Andhra Pradesh.
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.
Facing a deepening slowdown, the auto sector is pinning hopes on the GST Council meeting on September 20 for a rate cut from 28 per cent to 18 per cent. However, states including Bihar, West Bengal, Kerala, and Punjab are of the view that the slowdown in the auto sector is not because of the GST rate but structural issues in the economy.
'Legally, anything can be promised in the manifestos. However, the SC has said the promises should not be unreasonable'
Top on the government's agenda would be getting Parliament's approval to the budgetary proposals and presentation of the budget for the Union Territory of Jammu and Kashmir.
Into his 10 year, Manmohan Singh is struggling to retrieve his legacy -- thanks to bad luck, a bad situation and at least two very bad calls, says Mihir S Sharma
'There is something fundamentally wrong with the GST -- whether be it the rates, compliance, or the GST Network itself.'
A delegation of ex-servicemen on Sunday met Finance Minister Arun Jaitley and submitted a memorandum seeking "corrections" in the One Rank One Pension notification, as their protest on the issue entered the 203rd day.
8 crore migrant workers will get 5 kilogram of grains per person and 1 kilogram of 'chana' for two months.
The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.
The government on Wednesday said that all urban cooperative banks and multi-state cooperative banks will come under the supervision of the Reserve Bank of India, a development aimed at providing comfort to depositors and prevent repeat of PMC Bank like scams. The President of India will promulgate an ordinance to this effect, Information and Broadcasting Minister Prakash Javadekar told reporters after the meeting of the Union Cabinet.
UP Rs 50 billion, followed by Maharashtra, Bihar, and West Bengal which may need close to Rs 25 billion for the massive task.
The finance minister has said that United Bank has managed to reduce its non-performing assets.
The Shiromani Akali Dal had on Saturday quit the National Democratic Alliance over the farm bills issue.
The finance ministry on Wednesday allowed all private sector banks to participate in government-related business, like collection of taxes. pension payments and small savings schemes. At the moment, only few large private sector are allowed to conduct government-related business.
Even as there is a strong anti-incumbency mood in Punjab, the multi-cornered contest has made the 2017 assembly polls prediction more difficult.
Sources said the Telangana chief minister was busy with preparations for the launch of his ambitious Rs 80,000 crore Kaleshwaram lift irrigation project that would end water woes in the state, while in a letter to Modi, the West Bengal chief minister had expressed her inability to attend the Niti Aayog meeting on June 15, saying it is "fruitless" as the body has no financial powers to support state plans.
Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay.
Coordination between defence and civilian authorities has freed up airspace for commercial airlines in India, resulting in routes becoming shorter and costs coming down, apart from mitigating pollution. "Due to various restrictions of the military, only about 58 per cent of the Indian airspace was being utilised. It is close to 70 per cent now," said an official of the Airports Authority of India (AAI). Officials of the AAI said to date 119 routes had been shortened. Sources said since December 2020 the cumulative savings of airlines had been close to Rs 200 crore while there was a reduction in emission of around 45,000 tonnes of carbon.
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.
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
The Congress is strongly opposed to the three Central legislations which were signed into laws by President Ram Nath Kovind on Sunday.
India's unabated tryst with Russian crude oil is slowly coming to an end. The time has come for Indian refiners to navigate, creatively, the choppy waters of the post-honeymoon period, and for Indian policymakers to take cognisance of the broader impact on India from the spillover of the Russian crisis - after Washington's warning to transgressors last week. Shipments from Russia to India have averaged over 1.8 million barrels a day since February, according to data from Paris-based market analytics firm Kpler. But much of the crude shipped to India was non-sanctioned because it traded below a price cap set by the US led G-7 nations in December.
Western UP contributes nearly 70 seats to the 402-member UP assembly. In 2017, the BJP had swept the region. Every pre-2022 poll survey had suggested the party would face its biggest attrition from this region because of the farmers' groups.
A case against Majithia under various sections of the NDPS Act was registered on the basis of a 2018 status report of probe into the drug racket in the state.
