Turnaround of Public Sector Banks: A story from doom to bloom; a journey towards Rs 1 lakh cr profit
Wed, Jan 04, 2023
The highest amount of net loss was registered in 2017-18 at Rs 85,370 crore, followed by Rs 66,636 crore in 2018-19; Rs 25,941 crore in 2019-20; Rs 17,993 crore in 2015-16 and Rs 11,389 crore in 2016-17.
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Money Guru: Understanding an interim budget?
Sat, Jan 19, 2019
Ahead of the elections which is slated during May 2019, the central government is all geared up to announce its interim budget most likely on February 1, 2019. In this episode of money guru, find out what an interim budget is and the need for it at the moment.
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Budget 2019 expectations: Tax payers alert! How will Arun Jaitley please salaried classes ahead of crucial Lok Sabha Elections?
Tue, Jan 08, 2019
Since the introduction of Rs 40,000 standard deduction for salaried employees and pensioners in lieu of the exemption for transport and medical expenses failed to please this segment much, expectations for tax exemption limit in this year's budget is no doubt a natural outcome.
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Budget 2019: Finance Miniter Arun Jaitley faces tough task of boosting defence
Mon, Jan 07, 2019
In the Budget 2018, defence got the smallest chunk of 12.22 per cent of the total budget outlay in the last two decades. This was against the expectations as India's defence budget is now said to be the fourth largest in the world after US, China and UK.
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Over 6,000 officers of PSBs held responsible for bad loans: Arun Jaitley
Sat, Dec 29, 2018
Depending upon the gravity of lapses, the minister said "minor penalty/ major penalty have been imposed against erring officials" and in all the cases, depending upon the amount involved, CBI and police complaints have been lodged.
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Union Cabinet approves sale of govt's 52.63 pct stake in REC to PFC
Thu, Dec 06, 2018
"The CCEA gave in principle approval for strategic sale of the Government of India's existing 52.63 per cent of total paid up equity shareholding in REC Ltd to Power Finance Corporation along with transfer of management control," Finance Minister Arun Jaitley said at a press conference after the Cabinet meeting here.
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RBI-Govt rift: Reserve Bank Board felt interference on easy credit to MSMEs, other issues
Fri, Nov 02, 2018
The prevailing friction between the government and RBI led to a flashpoint in the Board meeting with the independent directors seen as usurping the cardinal regulatory powers of the central bank. While RBI wants to stick to its policy of cautious lending, government is insistent on the central bank diluting its stance on the stressed power sector companies and not pushing them for a resolution under the National Company Law Tribunal (NCLT).
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Centre vs RBI: Governor gets staff union backing in tussle
Tue, Oct 30, 2018
The growing difference between the North Block and the banking regulator came under public glare when for the first time RBI published a dissent note on its website, expressing its disagreement with the government in setting up a separate payments regulator.
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FinMin seeks input from ministries for Jaitley's next Budget Speech
Sun, Oct 28, 2018
The finance ministry has requested the ministries to send material related with their departments that may merit inclusion in the finance minister's budget speech for 2019-20 by November 15, according to a communication by the finance ministry to all secretaries.
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Modi govt bites bullet, cuts excise duty; petrol, diesel prices cheaper by Rs 2.50
Thu, Oct 04, 2018
Making this announcement in a press conference, Finance Minister Arun Jaitley said, "We are writing to the state government that as the central govt is cutting Rs 2.50 on both petrol & diesel, they do the same.
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Prices of cigarettes, luxury cars, more to be hiked? Calamity Tax axe hangs heavy on sin goods
Fri, Sep 28, 2018
The Finance Minister said that apart from senior Union ministers, the panel would comprise members from the North Eastern, hill and coastal states which are most vulnerable to natural calamities. The GoM would evaluate all possibilities and submit its recommendations in the next few weeks after which another GST Council meeting will be called.
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Arun Jaitley dubs Aadhaar verdict by Supreme Court as historic
Wed, Sep 26, 2018
Attacking the Congress, the Finance Minister said, "Congress cuts a very sorry figure here, they introduced the idea but they did not know what to do with it," adding it is a step forward for the use of technology in governance.
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Arun Jaitley hits out at Raghuram Rajan for MSME banking crisis statement
Tue, Sep 25, 2018
Finance Minister Arun Jaitley Tuesday hit out at former RBI governor Raghuram Rajan for predicting that the next banking crisis would be triggered by MSME lending, saying postmortem is easier than taking action when it was required.
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Remuneration hike to address grievances of 25 lakh Anganwadi workers: Jaitley
Sat, Sep 15, 2018
Stating that there has been a long-time demand of Anganwadi workers and their helpers to give them a reasonable remuneration, Jaitley said the governments in the past have always refrained from giving benefits to these workers ostensibly on revenue considerations.
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Probe health hazards posed by currency notes: CAIT to Arun Jaitley
Sun, Sep 02, 2018
The Confederation of All India Traders (CAIT) cited studies and media reports to highlight the issue in copies of the letter sent to Health Minister J P Nadda and Minister for Science and Technology Harshvardhan requesting them to take immediate cognisance of the issue.
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