Public sector bank chiefs will have a lot to discuss when they meet Finance Minister P Chidambaram on May 1 to get a broad direction from the government, the majority shareholder in 28 PSBs, for the strategy they should adopt in 2008-09. High on the agenda will be a discussion on implementation of the Rs 60,314-crore.
Royal Dutch/Shell, the world's third largest oil and gas group, has sought waiver of the Rs 500 crore (Rs 5 billion) bank guarantee norm for grant of licence to sell petrol and diesel.
The Supreme Court asked the Centre and the RBI on Monday to place on record the K V Kamath committee recommendations on debt restructuring in view of Covid-19 related stress on various sectors as well as the notifications and circulars issued so far on loan moratorium.
The Congress on Tuesday downplayed the claim that President Pratibha Patil was behind the government's ambitious farm loan waiver scheme, saying inputs for it had come from diverse quarters. Party spokesman Abhishek Manu Singhvi was commenting on a remark by Christy Fernandes, the President's Secretary, that Patil had advised the government to initiate appropriate mechanism by which the plight of the farmers could be addressed.
Seeking to make inroads in Chhattisgarh, Aam Aadmi Party leader Arvind Kejriwal on Saturday announced 10 'guarantees' for the upcoming assembly polls in the Congress-ruled state including free electricity, monthly 'samman rashi' for women and Rs 3,000 monthly allowance for the unemployed.
The farmers have been holding a long foot march from Nashik to Mumbai in a bid to put forward their demands before the government.
'Look not just at the interest rate but also the processing fee.'
The idea is to cut litigation, lower the cost of collection and prioritise bigger defaulters.
Lenders in India, comprising banks and finance companies, anticipate robust growth in retail credit during the upcoming festival season, stretching from September to December 2023. This expectation is based on resilient demand, government initiatives, and elections in key states.
She also ordered increase in gold allocation for women beneficiaries and reducing the working hours of state-run liquor outlets.
Urban Development and Municipal Affairs minister Firhad Hakim said that if the provision for reduction in taxes did not exist in the Kolkata Municipal Corporation Act, an amendment had to be passed in the Assembly before the waiver of taxes came into force.
These estimates are expected to grow by atleast Rs 2,000 crore (Rs 20 billion) as this calculation does not account agricultural laons taken from nationalised banks. Nabard officials announced this report in Pune on Thursday. The Central government has announced a complete loan waiver package for farmers holding less than 5 acre land. An OTS scheme has also been announced to write-off 25 per cent of the loan amount for farmers holding more than 5 acre land.
China on Monday claimed it did nothing to block the waiver for India at the Nuclear Suppliers Group meeting in Vienna and that it played a "positive" and "constructive" role. "The Chinese side adopted a responsible and positive attitude with regard to the discussion at NSG and now we see that a consensus was reached," Chinese Foreign Minister Yang Jiechi told CNN-IBN.
He admitted that some member countries of the 45-nation grouping have expressed concerns about the deal and 'we have talked to a lot of those various states'. "I am not going to name them, but we have talked to a lot of them. They have announced themselves publicly. You can look it up and what their concerns are," McCormack said.
IRCTC used to charge Rs 40 per ticket for bookings in AC classes, Rs 20 per ticket in sleeper class
As it turns out, the number of small and marginal farmers is more than 30 million and it is estimated that the number is likely to be 36.90 million, while the number of other farmers is estimated about 5.97 million. These are verified but as yet unaudited figures. Initially, in the Budget, it was estimated that the cost of the scheme will be about Rs 60,000 crore (Rs 600 billion) to the central government.
Vijay Baghel and Jogi accuse the chief minister of prompting liquor vends across the state.
P V Subramanyam takes a hard look at the pros and cons of both options.
Vodafone is facing tax liability over its $11 billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa in 2007.
The ruling Congress, voted to office in 2018 after 15 years in opposition, and the Bharatiya Janata Party are the main contenders for power in the state, where the Aam Aadmi Party, the Bahujan Samaj Party and some regional outfits are also in the fray.
The initiative would provide double the relief announced by the states of UP and Maharashtra, the Punjab CM said.
The central government's exposure remains at over Rs 60,000 crore, the original amount proposed in Budget 2008-09.
Modi and Chouhan have visited Mahakoshal multiple times and reached out to tribals to shore up support for the BJP.
The Australian government has already made it clear that it will reverse a decision by the previous John Howard administration to sell uranium to India as New Delhi is not a signatory to the Non-Proliferation Treaty. 'But the Bush administration is expected to seek a promise from Australia that it will not vote against the Indian agreement in the NSG, in which it is one of 45 member States.
The government on Friday hiked the debt waiver and relief for small and marginal farmers from Rs 60,000 crore (Rs 600 billion) to Rs 71,680 crore (Rs 718.80 billion).
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) will answer your personal finance-related questions.
Per capita income in the state has consistently been below the national average for at least 24 years. However, it has narrowed the gap with the all-India level in recent years.
As scores of farmers and tribals marching towards Mumbai from Nashik district in North Maharashtra entered Thane district, ministers Dada Bhuse and Atul Save met a delegation of farmers late Wednesday night.
The minister, however, said she was not in favour of relaxing rules for Apple to sell refurbished second-hand phones in India
If the Congress came to power in MP, those responsible for the deaths of the six farmers would face strict action within 10 days.
Home Minister Amit Shah on Friday introduced three bills in Lok Sabha to replace the Indian Penal Code, Criminal Procedure Code and the Indian Evidence Act, asserting that the proposed laws will transform the country's criminal justice system and bring the spirit to protect the rights of citizen at the centre stage.
Banks may become more cautious in extending loans, as more and more farmers may take loans, relying on the assurance that a debt relief commission will back them in the event of default.
The Congress will conduct a caste census in Madhya Pradesh after winning the assembly polls and establish a university in the name of Sant Ravidas, said party president Mallikarjun Kharge, accusing the regime at the Centre of wishing to change the Constitution.
The Delhi High Court on Wednesday directed the city government not to implement the 50 per cent subsidy announced by it to people who did not pay their power bills from October 2012 to December 2013.
In both of these Hindi heartland states, the straight contest between the ruling Bharatiya Janata Party and the opposition Congress.
BJP said if voted to power, it would bring out a 'white paper' on the financial health of the state under the Congress rule.
Famers' demands range from Rs 600 per quintal relief to onion farmers, 12-hour uninterrupted power supply to farmers, and waiver of farm loans.
The CBI has alleged that Singh had transferred funds through hawala channels to Chariot Media that was handling the AAP's publicity campaign during the Goa elections, the officials said.
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