Page 15 - Nikunj Ohri

NARCL headhunting for core team begins ahead of launch in July

Invites quotes from Aon to help it in the hiring process

PNB examining proxy advisor's concern on deal with Carlyle Group

The deal has split proxy advisory firms, which expressed divergent views on the proposed infusion in PNB Housing

Covid-19 vaccine policy change likely to resolve GST rate cut demand

The private procurement of 25 per cent of vaccines would require a payment of 5 per cent GST

PNB to transfer bad loans worth Rs 8,000 crore to NARCL

In current quarter, the bank expects substantial recovery from DHFL, although there are some issues lingering in NCLAT, its MD said

PNB posts Rs 586 crore profit in Q4; NII jumps over 48% to Rs 6,937 crore

Sequentially, the net profit has increased 16 per cent from Rs 506 core posted in the October-December quarter

Govt wants speedy settlement of claims; FM to meet insurers today

FM Sitharaman to meet insurers to discuss easing processes for settling claims

PSBs sanction 95% of all loans under PM SVANidhi scheme for street vendors

Scheme provides working capital up to Rs 10,000 repayable in a year to hawkers, who get 7% interest subsidy from govt; banks get graded guarantee cover

Indian economy resilient, to rebound on strong fundamentals: Anurag Thakur

Thakur said reforms undertaken, and strong fundamentals ensured India is witnessing a 'swift' rebound from a contraction of 24.4 per cent in April-June 2020 to a growth of 1.6 per cent Jan-March 2021.

Centre's indirect tax share in GDP rises in FY21 after four years

Share of corporation tax collections in gross tax revenue falls to 10-year low

Centre's fiscal deficit for FY21 settles at 9.2% of GDP vs target of 9.5%

This was on the back of better-than-expected revenue receipts with expenditure staying broadly at the level targeted in the revised estimates of the Budget

CoalMin targets projects worth Rs 41K-crore for asset monetisation

These projects include coal washeries, coal gasification, first-mile connectivity for building coal silos/mechanised loading, offering mines to private firms under mine developer and operator model

Govt expands credit lifeline for MSMEs amid second wave of Covid-19

Scheme removes the ceiling of outstanding loans of Rs 500 crore, keeps government's guarantee cover of Rs 3 trillion.

Stimulus package should be broad-based, like Budget: NITI Aayog chief

In a Q&A, Amitabh Kant says the package should aim to lift growth instead of picking specific sectors for assistance

BPCL privatisation: Govt may allow 100% FDI in divested refiners

This is an enabling provision required for privatisation of BPCL

Insurance companies seek early implementation of IFRS from govt

Currently, India follows the old solvency standards where insurers have to hold a percentage of reserve as capital.

Economic impact of Covid-19 is huge, world won't be the same: PM Modi

Remarks come in the backdrop of rating agencies revising growth forecasts as the second wave has impacted economic recovery and increases the risk of long-term scarring

Centre considers a revamp of stressed asset guarantee scheme for MSMEs

As of May 14, guarantees of only Rs 68.39 crore had been issued, benefiting 632 businesses, a senior government official told Business Standard

Fear of unknown grips govt's privatisation plan with second Covid wave

Despite the uncertainty and unpredictability on how things will unfold, Centre is hopeful of completing transactions listed in Budget with a delay of one to two months

Second Covid-19 wave: Relief measures for poor, women SHGs on the cards

Govt exploring moratorium for street vendors, loans to self-help groups

Govt to sell nearly 2% SUUTI stake in Axis Bank, may get Rs 3,969 cr

Floor price set at Rs 680 a share; govt keeps option open to sell additional 0.74% stake