‘Seeds’ of the NPA crisis sown during UPA regime, IBC addressed the issue effectively: Sitharaman
New Delhi: The ‘seeds’ of the NPA crisis were sown during the Congress-led UPA era through ‘phone banking’, when loans were given to undeserving businesses under pressure from UPA leaders and party functionaries. Banks were forced to neglect proper due diligence and risk assessment before sanctioning these loans, Finance Minister Nirmala Sitharaman said on X.
Lok Sabha polls: How share market may react under 3 possible elections outcome
Mumbai/IBNS: The six-week long Lok Sabha elections have reached its final stage with the Election Commission of India (ECI) going to hold the last phase of polls on Saturday (June 1), and the financial markets are eagerly waiting for the national polls' verdic, which is scheduled to be counted on June 4.
New Delhi/IBNS: Bernstein Research, in its latest India Strategy report, said a tally of around 330-350 seats for the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government in the ongoing Lok Sabha elections could trigger a short-term rally in stock markets with the benchmark Nifty index breaching the 23,000-mark post-elections.
New Delhi/IBNS: The Adani Group CFO has taken a dig at an investigating report claiming the conglomerate was involved in the alleged coal scam.
L&T to exit Hyderabad Metro project as Cong govt's free bus ride scheme hits passenger volume
Hyderabad: Infrastructure and engineering firm L&T is mulling offloading its stake in the Hyderabad Metro project after 2026, citing the free bus rides offered by the Congress government, media reports said.
PV Narasimha Rao: The Prime Minister who steered India through economic crisis with bold leadership
New Delhi: The Narendra Modi government on Friday announced Bharat Ratna for former Prime Minister PV Narasimha Rao posthumously. The honour is seen as a befitting tribute by the nation to the a prime minister of Congress outside the Nehru-Gandhi family.
Davos: Adani Group to invest Rs 12,400 cr in Telangana; MoUs signed at World Economic Forum 2024
Davos (Switzerland): The Adani Group and the Telangana government today signed four memorandums of understanding (MoU) for investment of over Rs 12,400 crore, at the World Economic Forum 2024.
Mumbai/IBNS: Amid reports of a raid by the Himachal Pradesh State Excise Department on a unit of the Adani Group in Parwanoo late Wednesday, the firm said in a statement on Thursday that “the officials did not find any irregularities in the operations and dealings conducted by the company.”
'A major risk looming large': RBI warns against Old Pension Scheme
Mumbai: The Reserve Bank of India (RBI) has cautioned states against Old Pension Scheme, saying that it would strain state finances in the future.
New Delhi/IBNS: The CBI on Saturday raided the Noida and Delhi premises of Congress leader Kamal Nath's nephew Ratul Puri, accused in a case related to alleged loss of Rs 787.25 crore to Punjab National Bank (PNB) and other consortium of banks, said media reports.
Government increases fuel excise duty by Rs. 3 per litre
New Delhi/IBNS: Making the steepest hike in eight years, the Centre on Friday increased fuel excise duty by Rs. 3 per litre, media reports said.
Change IBC to suit interests of small industries: Opposition
New Delhi/UNI: The entire Opposition, including the Congress, said in the Rajya Sabha on Thursday that the Insolvency and Bankruptcy Code (IBC) Bill should be changed to suit the interests of small industries, to create employment opportunities in the country and encourage economic activity.
-1545308485.jpg "In Cong-JD-S ruled Karnataka, 25 farmers committed suicide every month, says report")
In Cong-JD-S ruled Karnataka, 25 farmers committed suicide every month, says report
Bengaluru, Dec 20 (IBNS): The populist measure like farm loan waivers to address the agrarian crisis has been adopted by the political parties to win big in the elections, but farmers continue to commit suicide in Indian states like Karnataka which is ruled by a combination of the Janata Dal-Secular and Congress.
Demonetisation move has advantages: Jaitley
New Delhi, Dec 13 (IBNS): Batting in favour of the cash ban move launched by the Centre last month, Union Finance Minister Arun Jaitley on Tuesday said the entire step taken by the government has 'advantage'.
New Delhi, Aug 3 (IBNS): In a significant move, the Centre is all set to table the 122nd Constitution Amendment Bill in the Rajya Sabha on Wednesday which will pave the way for the rolling out of the goods and services tax (GST) in the nation.