Harsh Kumar

Nabard chair Shaji KV says rise shows declining reliance on informal sources

At the inauguration of Grameen Bharat Mahotsav 2025, Prime Minister Modi highlighted the importance of creating economic policies that take into account every section of the society to strengthen the

According to a Finance Ministry statement, this platform consolidates information on e-auction properties from all PSBs and offers a one-stop destination for buyers and investors

One of the primary requests made by the FIDC was for a reduction in the loan amount threshold for enforcing security interest under the SARFAESI Act, from Rs 20 lakh to just Rs 1 lakh

In budget recommendations, FISME emphasised that SMA framework should go beyond merely identifying stressed accounts and halting banking operations to include guidelines for reviving these accounts

One of the main reasons is that public procurement decreased due to delays caused by elections. The Budget could only be presented in July, resulting in a loss of six months, said Anil Bhardwaj

In FY25, the Union government had made a budgetary allocation of Rs 250 crore for India Post

The survey revealed that the top 10 CPSEs accounted for 56.72 per cent of total CSR expenditure in FY24

CPSEs across categories employed a total of 1.5 million people in FY24, reflecting a growth of 2.05 per cent

The CII pointed out that despite being successful, the PSL framework required recalibration to stay relevant

GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

Bihar's Deputy Chief Minister Samrat Chaudhary said another meeting of the GoM is scheduled for January before the proposal is reintroduced to the GST Council

Infrastructure development emerged as a key focus area, with states calling for dedicated funding for state-specific road and railway projects

The official further noted that this year's Budget consultations are particularly significant due to the political outcomes of recent state elections

The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs

Also recommends reduction of rate on individual health covers from 18% to 5%

The number of frauds in the banking sector increased over four times in the past five years to 36,075

The finance ministry's ongoing efforts aim to strengthen fraud detection, improve the speed of investigations, and ensure accountability across the banking sector

Gandhi alleged on X that the Narendra Modi government has turned PSBs ("lifelines of the masses") into private financiers for only the rich and powerful corporations

His appointment comes at a time when the Goods and Services Tax Council meeting is scheduled for December 21 in Jaisalmer