The RBI board is slated to meet on November 19. The central bank is expected to provide some breathing space to state-owned banks by allowing early exit from PCA for those banks that show trend reversal in their net non performing assets (net NPA)
“The FM must either defend himself or resign pending further investigation. If he opts for none, the PM must recommend to the President to remove the FM from his Cabinet. If none of these happens the entire Opposition should demand resignation of the PM,” Mishra wrote sharing Gandhi’s tweet.
Union Budget 2018: The favourable tax treatment for farmer producer companies is a good move. Though details are awaited, hopefully these entities will be exempted from tax. If income of farmers is exempt, the same should extend to farmer-owned organisations as well.
Finance Minister Arun Jaitley said the government has taken a series of measures to eliminate black money and curb corruption and demonetisation was a step in that direction. Expressing hope that there will be no spill over effect of demonetisation next fiscal, the Finance Minister said the surplus liquidity in banks will lower the borrowing […]
In a bind after the Uttarakhand High Court ordered a floor test in the assembly on March 31, the Centre decided Tuesday to rush its top law officer, Attorney General (AG) Mukul Rohatgi, to Nainital. On Wednesday, when the High Court begins its sitting, the AG and other senior law officers, including Additional Solicitors General […]
Switzerland, Jan 23 (ANI): Finance Minister, Arun Jaitely, on Saturday attended the World Economic Forum in Switzerland. Finance Minister Jaitley said that there are a set of structural reforms which are in progress and there are a large number of steps which the Government of India has taken over the last year-and-a-half. He further added that India's co-operative federalism has transformed to competitive federalism, and that's really a good news for India.
Prime Minister Narendra Modi today met top CEOs, bankers, economists and ministers to discuss ways to bolster the economy amid global slowdown. The meeting, with the agenda ‘Recent Global Events: Opportunities for India’, was held at a time when global markets are in turmoil caused by a slowing Chinese economy, devaluation of the yuan and […]