The central bank had earlier extended many sops for bank funding of stalled projects.
Punjab National Bank, Union Bank and Bank of India have together reported NPAs of Rs 66,430 crore in the June quarter as against Rs 42,467 crore a year ago, which is a rise of 56 per cent.
According to the proposal, foreign legal firms would be allowed to be invest in a partnership firm or a proprietary concern.
If accepted, the move is expected to add untied funds to the tune of approximately Rs 42,000 cr into the state kitty in the current financial year.
The ministry’s rationale for denial is that the vintage and residual life of such refurbished electrical and electronic equipment (EEE) imports would later add to the e-waste burden of the country.
The court was hearing a case filed by Vijaypat Singhania’s grandchildren who have challenged a 1998 settlement agreement between Singhania, owner of Raymond Group and his son, Madhupati Singhania.
Central bank: Only way is to adopt correct biz practices.
In a bid to stem mounting losses, US-based auto major General Motors on Wednesday said it will restructure operations at its Indian subsidiary by ceasing operations at its facility in Halol, Gujarat and instead invest in consolidating operations at its other unit in Talegaon, Maharashtra. GM is the first major auto maker in the last […]
The state at present has its own legislation and is not included in the Collection of Statistics Act, 2008 of the Centre.
Other decisions: Foreign investments in AIFs, Consumer Protection Bill cleared.
NSEL and its directors have been under the scanner of multiple investigative agencies in the country.
PNB’s gross NPA rose to 6.47% in the June quarter from 5.48% in the year ago.
17 states have together lined up 120 non-coal mineral blocks spread over 26,120 hectares for auctions, but the ground situation is that they are not fully prepared to execute them.
The Union Budget has set a target of Rs 69,500 crore from disinvestment in public sector unit this fiscal.
EPFO also plans to raise the age for withdrawal of up to 90 per cent of the accumulation from the current limit of 54 years to 57 years