In the biggest consolidation exercise in the banking space, the government on Friday announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.
'I believe the modified scheme is much more beneficial and simpler.'
Fulfill the formalities before extending the term, else it is a dead investment.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
The Bharatiya Janata Party rejected this was any sort of demonetisation and instead reminded the Congress that even during the rule of Manmohan Singh, old currency notes were taken off circulation.
Safari Storme powered by 2.2 litre VariCOR engine, turbocharged with Variable Turbine Technology, delivers 140 PS Power and 320 NM Torque.
Events proved that on every count the RBI had accurately predicted both the damage and the lack of benefit. What the RBI was hiding was the fact that Modi had ignored its concerns -- all of which turned out to be true -- and gone ahead anyway, asserts Aakar Patel.
Congress president Mallikarjun Kharge on Monday expressed apprehension that the 2024 Lok Sabha elections would be the last opportunity for the people to save democracy, as Prime Minister Narendra Modi might prefer dictatorship in case his party wins the upcoming polls.
'...to address the serious faultlines that had got exposed during the pandemic.' 'If the economy is looking up this year, we could have been allocated an increase of at least 20%.'
The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP. While the net tax revenue rose from Rs 5,75,697 crore in October 2020 to Rs 10,53,135 crore till October 2021, a growth of 82.93 per cent annualized, total expenditure rose only by 9.95 per cent, led by infra spending to Rs 18,26,725 crore from Rs 16,61,454 crore during the same period, the RBI said in the financial stability report.
'In FY21, as of October, LIC has booked a profit of Rs 18,800 crore through sale of equities.'
'If a taxpayer opts for the new tax regime once, he can only switch back to the old tax regime once in his lifetime.'
Several changes were made to the new income-tax regime in Budget 2023. The old income-tax regime was not tinkered with and is still available.
Assuring investors of a stable tax regime, Finance Minister P Chidambaram on Monday said I-T Department will adopt a non-adversarial approach in realizing the direct tax target of Rs 5.70 lakh crore for 2012-13.
On reforms in pipeline, she said the government is for universal right to minimum wages and wants to remove regional disparity through a national floor wage.
Neither do they have a no-objection certificate from the state nor any kind of Reserve Bank of India permission.
The RBI has this year cut interest rates by 110 basis points in four instalments but banks have passed only a part of it to borrowers. Before the last reduction earlier this month of 35 basis points, the bank on an average had passed only 29 basis points out of 75 basis points cut affected during 2019.
The Supreme Court on Friday sentenced former Lok Sabha MP from Bihar Prabhunath Singh to life imprisonment for killing two people on the day of polling for assembly elections in Bihar's Saran district in 1995.
Tourism is badly affected. Entire apple orchards have been washed away. 2 million people are threatened with loss of livelihood.
To prevent hoarding and check price rise, the Centre on Friday imposed stock limits on all pulses, except moong, held by wholesalers, retailers, importers and millers till October. The stock limits are imposed with immediate effect. An order in this regard has been issued by the Union food and consumer affairs ministry. Retail prices of pulses rose by more than 20 per cent during the January-June period of this year, according to the ministry's data.
The Supreme Court on Monday said the ministry of defence cannot take law in its own hands by issuing communication on payment of One Rank-One Pension (OROP) arrears in four instalments.
India is not producing good jobs, but creating a lot of Rs 10,000-Rs 15,000 low-paid jobs which are not fancied by degree holders. Pai suggested that India adopt the Chinese model of opening up labour-intensive industries and building infrastructure near coasts, besides investing heavily in hitech R&D to meet the aspirations of job-seekers.
There will be two variants on sale -- namely the F77 and the F77 Recon, priced at Rs 3.8 lakh and Rs 4.55 lakh (ex-showroom) respectively.
The total investment at risk is $930 billion and oil companies will need to cut their expenses by 30 per cent to make their projects viable provided oil remains around $70 a barrel.
While the surcharge on super-rich would help garner additional income of around Rs 12,000 crore this fiscal on the direct tax side.
An alert has also been sounded along the border and a high degree of vigilance is being maintained at vital installations in Jammu and Kashmir in view of the visit, they said.
Banks put the airline's trademarks including Kingfisher logo and the once-famous tag-line 'Fly the Good Times' on the block
The mission - unveiled by Communications Minister Ravi Shankar Prasad -- will enable strengthening of technological infrastructure for education, health, entrepreneurship and development.
All these companies were provided loans by PNB as part of consortium lending.
First Rajya Sabha approved the Rs 45 lakh-crore spending proposed in the Budget, followed by the nod to the Finance Bill that contains tax proposals.
In his address to the joint sitting of both Houses of Parliament at the start of the Budget Session, Kovind said the Rs 64,000 crore PM Ayushman Bharat Health Infrastructure Mission will prepare the country for a health crisis in the future.
10 Indian companies are holding as much as Rs 2.34 lakh crore (Rs 2.34 trillion).
'Rs 1.25 crore is the monthly expense we are able to hardly get 60-70 lakh rupees therefore we have sought certain directions,' the temple told SC.
The prime minister, who is on a two-day visit to the state, inaugurated, laid the foundation stone of and dedicated to the nation, railway and metro projects in the state worth Rs 4,500 crore.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The total worth of Assam Chief Minister Sarbananda Sonowal's assets, both movable and immovable, have increased by over 71 per cent since the last assembly polls in 2016, despite not having bought any new immovable assets.
'The CM wants to develop a Film City that would provide the entire value chain of film-making services and infrastructure in one place.'
'The government is saying that essential commodities are exempted, but on the ground there is no competent officer from the government who can say which is an essential commodity and which is not.'
Rajesh Alva reviews the latest addition to the KTM stable.
