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Arvind SubramanianBusiness
Interest burden of recap bonds to be about Rs 9,000 cr: CEA

The government's equity dilution will help banks raise about Rs 58,000 crore.

25 Oct 2017 4:17 PM IST

Piyush GoyalBusiness
Watch: Piyush Goyal talks about new rail projects

Rail Minister reveals new projects his ministry is undertaking.

25 Oct 2017 3:47 PM IST

t was also observed that in 92 treasuries, over 99 percent of the money drawn as advance was not settled.Business
Bank recap positive for growth, supportive for rupee: Goldman Sachs

According to Goldman, the banking sector recapitalisation is aimed at significantly reducing drag on PSU banks on credit...

25 Oct 2017 3:22 PM IST

On Feb. 24 to 26, banks will not function in connection with Shivratri, Fourth Saturday and Sunday. (Representational image)Business
Bank recapitalisation critical for economic recovery: BofAML

Govt unveiled a Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.

25 Oct 2017 2:45 PM IST

RBI governor Urjit Patel greets Finance Minister Arun Jaitley at an event. (Photo: PTI)Business
Urjit Patel says banks recap plan to safeguard India's economic future

RBI governor adds later a comprehensive policy would be put in place to address challenges faced by banking sector.

25 Oct 2017 2:42 PM IST

The Karnataka Development Authority has instructed the banks that a Kannada unit must be established in all the branches. (Photo: PTI/Representational)Business
India's USD 32 billion bank recap plan lifts shares, raises questions

With the plan, Modi is bidding to tackle a major drag on the economy that has frustrated his attempts to boost growth.

25 Oct 2017 1:31 PM IST

EPFO had started investing in ETF in August 2015, putting 5 per cent of its investible deposits in stock linked products.Business
Govt retains GPF interest rate at 7.8 per cent for October-December

This would apply on Provident Funds of central government employees, railways and defence forces.

25 Oct 2017 1:00 PM IST

Total bad loans had risen 5.8 per cent in July-December period last year. (Photo: Representational/PTI)Business
India's bad loans and stressed assets estimated at Rs 10 lakh crore

Govt has pledged Rs 2.11 lakh crore recapitalisation plan for state-owned banks over next two years.

25 Oct 2017 12:16 PM IST

The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)Business
Rs 2.11 lakh crore-PSB recap plan to support credit growth, job...

According to SBI report Ecowrap, this recapitalisaiton plan will help government to gear-up lending to MUDRA scheme.

25 Oct 2017 10:57 AM IST

There is a possibility that GDP may slip below 6.5 per cent, said a report by SBI Research. Photo: PTIBusiness
Demonetisation, GST to cool India's GDP growth to a four-year low

Note ban and GST have disrupted business activity and dampened consumer demand, says report.

25 Oct 2017 10:54 AM IST

Oil Minister Dharmendra Pradhan. (Photo: PTI)Business
Bringing petroleum products under GST will do good: Pradhan

Pradhan's statement has come at a time when demand for levying GST on petroleum products has gathered steam in different...

25 Oct 2017 9:38 AM IST

Responding to the Centres appeal to reduce Value Added Tax (VAT) on petrol and diesel, Maharashtra government on Tuesday cut prices by Rs 2 for petrol and Re 1 for diesel respectively.Business
GST effect: Centre's fuel price cut costs Rs 30 crore for Telangana

Fuel and alcohol have together contributed Rs 7,803 crore through VAT post-GST in July and August.

25 Oct 2017 12:43 AM IST

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