Punjab Chief Minister Parkash Singh Badal has urged the Union government to sanction Rs 1,000 crore to fight drought in the state, which had faced a short fall of 60 per cent in rainfall this year.
Union Finance Minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit becomes more hassle-free for borrowers. However, the minister made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal. At a meeting between industry representatives and the finance minister, a startup founder in the baking business suggested for credit to be available hassle-free, to which largest lender SBI's chairman Dinesh Kumar Khara said a startup's worries are more on the equity side and assured full support in lending if sufficient equity is on the table.
Reserve Bank Governor Shaktikanta Das will hold a meeting with CEOs of public sector banks on Wednesday to discuss issues concerning slow deposit growth and sustainability of high credit demand. As per the Reserve Bank of India (RBI) data, deposits rose by 9.6 per cent as compared to 10.2 per cent on a year-on-year basis, while credit offtake witnessed a jump of 17.9 per cent as against 6.5 per cent a year ago. According to an agenda circulated for the meeting, sources said, sustainability, including pricing and slow growth of deposits, would be discussed.
The Supreme Court on Wednesday dismissed petitions filed by Railway Minister Lalu Pradad Yadav, his wife Rabri Devi and former Punjab chief minister Parkash Singh Badal challenging the grant of sanction to prosecute them in corruption cases
A Delhi high court bench headed by Justice Mukta Gupta disposed of Imam's appeal for stay and requested the lower court to conclude on a "short date" the examination of the witnesses on which there is no dispute between the parties.
Incumbent Hassan Rouhani faces stiff competition from hardline cleric Raisi.
The government on Friday came out with Foreign Trade Policy (FTP) 2023 which seeks to boost the country's exports to $2 trillion by 2030 by shifting from incentives to remission and entitlement based regime. Unlike the practice of announcing 5-year FTP, the latest policy has no end date and will be updated as and when needed, said Director General of Foreign Trade (DGFT) Santosh Sarangi while briefing media about FTP 2023. Earlier, Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1, 2023.
A bench of Justices AS Bopanna and MM Sundresh asked the UGC to furnish the details of steps taken on a plea by the mothers of Rohith Vemula and Payal Tadvi.
Directing the Centre, states and Union Territories (UTs) to ensure the queer community is not discriminated against, the CJI, who is heading the constitution bench, said queer is a natural phenomenon known for ages and is neither urban nor elitist.
India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar said.
The National Investigation Agency (NIA) told the Bombay high court on Thursday that the agency has denied the claims of tampering of electronic evidence in the Elgar Parishad-Maoists Links case that were made by a United States-based forensic firm.
Purohit was doing his job as a military intelligence officer and was "framed" in the case, his lawyer and former Attorney General Mukul Rohatgi told the high court on Friday.
The affidavit was filed in response to a petition seeking a direction to declare the PM CARES Fund a 'State' under the Constitution to ensure transparency in its functioning.
A US special envoy met senior Taliban representatives in Tashkent, Uzbekistan, and discussed the issue of Afghan central bank reserves.
Agriculture and allied activity loans are not eligible for the interest on interest waiver announced by the government last week, the finance ministry has clarified.
In a relief to Karnataka Chief Minister B S Yediyurappa and former minister for industries Murugesh Nirani, the Supreme Court Wednesday protected them from arrest in a case pertaining to alleged forgery over withdrawal of approval for a parcel of land in the state.
Foreign ministers of G20 major economies will meet in the national capital on March 1 and 2 to deliberate on pressing global challenges amid escalating confrontation between Russia and the West over the Ukraine conflict that entered the second year this week.
Sadly, the Lodha panel verdict on the IPL spot-fixing scandal of 2013 can't guarantee such incidents won't happen in the future, says Bikash Mohapatra/Rediff.com.
American Olympic 100 metres hurdles champion Brianna McNeal has been banned for five years for an anti-doping rule violation (ADRV), the Athletics Integrity Unit (AIU) said on Friday.
On the eve of the most crucial round of talks between Iran and the world powers, the United States has said that Tehran has a choice to make in the coming weeks to address concerns about its military nuclear programme.
The government has not set up any committee to probe allegations a US short seller labelled against the Adani Group, but stock market regulator SEBI is investigating market allegations against the group, the Lok Sabha was informed on Monday. A separate investigation into imports of Indonesian coal by the conglomerate hasn't reached finality, Minister of State for Finance Pankaj Chaudhary said. Lok Sabha saw several questions being put by MPs to the government on the Adani issue, which were replied through written responses by the minister.
In a good news for the hassled home buyers of Amrapali Group, the Supreme Court on Friday was informed that 11,858 flats will be delivered in 2 to 3 months of which 5, 428 units will be handed over the possession in October. A bench of Chief Justice UU Lalit and Justice Bela M Trivedi was informed by court receiver senior advocate R Venkataramani that in the upcoming festive season next month 5,428 flats which have been completed by the NBCC will be given to the home buyers with electricity and water connection. "We are facing some issues in providing electricity and water connections to the other 6,430 completed flats and once the connections are provided and they receive completion certificates, these units will be handed over to the home buyers in the next two to three months", he said.
Jammu and Kashmir government today declared a flood situation in Kashmir Valley as Jhelum river crossed the danger mark in Srinagar following incessant rains.
'I was under the illusion that this could never happen to me because my background was such -- corporate CEO, IIT professor, IIT alumnus, IIM...'
According to highly placed sources, the finance ministry is likely to extend ECLGS and other loan guarantee schemes for micro, small and medium enterprises (MSMEs), hospitality and tourism sector, and the health infrastructure beyond March 31, Business Standard has learnt. This is likely to be announced by Finance Minister Nirmala Sitharaman as part of her Budget speech on February 1.
News of all that's transpired on and off the football field
The US actions can be seen as a riposte to India's neutral position on the Ukraine crisis, its continuing import of Russian arms and oil thus undermining Western sanctions, argues Colonel Anil A Athale (retd).
The Supreme Court on Friday dismissed former Punjab and Haryana high court judge Nirmal Yadav's plea for stay on proceedings of trial court, which is set to frame charges against her in cash-at-judge's door scam, and pulled her up for adopting delaying tactics.
Nancy Pelosi's gritty refusal to backtrack on her plans to visit Taiwan is part of who she is.
A five-judge Constitution bench headed by Chief Justice of India D Y Chandrachud was faced with several consequential legal questions, such as adoption, succession, intestacy and laws governing pension and gratuity where a once legally-acknowledged spouse is the beneficiary, if it decides to legalise same-sex marriage.
International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said. The world's best-known crude benchmark, Brent was trading at $94.91 per barrel on Thursday after concerns of a global recession led to it slipping to a six-month low of $91.51 on the previous day. The current rates are a relief to India, which is 85 per cent dependent on imports for meeting its oil needs.
The partial withdrawal would mean that Iran would stop exporting enriched uranium stocks as stipulated by the 2015 agreement.
Italy, Greece, South Korea, Taiwan and Turkey also figure in the list released by Pompeo, who said over 20 countries have cut their oil imports from Iran, reducing purchases by more than one million barrels per day.
United States President Barack Obama has hailed the "historic understanding" reached between world powers and Iran over the framework of a deal on its contentious nuclear programme, even as Israel warned that it would threaten the Jewish state's survival.
"No one has ever accused India of supporting what is going on in Ukraine. What India seems to be doing is trying to operate within the policy outlined by Nehru 65 years back," said a source.
Beijing's growing assertiveness as kingmaker in Kabul has suffered a setback with Washington quietly moving in, observes Ambassador M K Bhadrakumar.
Suspended Indian wrestler Sumit Malik on Tuesday said he has no idea how a banned stimulant entered his body but admitted that he was on painkillers during the recent Olympic Qualifiers and had informed the world body about that before taking the mat.
This is the first time since Independence that a new operational branch is being created, Chaudhari said in his speech on the occasion of 90th anniversary celebrations of the IAF.
Direct economic stimulus measures such as tax cuts for individuals and industry would have helped to prop up the Indian economy which was hit hard by the lockdowns across several states in India, say economists and corporate leaders. While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move the needle for the economy.
Supertech Managing Director Mohit Arora said the company will file a review petition in the SC.
