 "NBFCs in repair, rebuild and recalibrate mode as funds position improves")
Budget 2020 may see UPA-style bailout of stressed NBFCs
The government has strongly advocated direct intervention by the Centre in stressed non-banking financial companies (NBFCs) on the lines of the model followed by the United Progressive Alliance (UPA) government under then finance minister Pranab Mukherjee in 2009. Read here
Sops galore in Maharashtra
The Maharashtra Vikas Aghadi government, which took oath of office at Mumbai’s Shivaji Park on Thursday evening, has promised to enact a law to reserve 80 per cent of jobs in the private sector for “local/domicile” youths. It has also promised loan waivers for farmers. Read
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