Page 17 - Nikunj Ohri

Govt to infuse Rs 14,500 crore in 4 banks, issue recapitalisation bonds

Special securities shall be non-interest bearing and no interest shall be payable on issue of the securities

Govt extends Emergency Credit Line Guarantee Scheme to June 30

The scheme, dubbed as ECLGS 3.0, has been extended due to continuing adverse impact of Covid-19 pandemic on certain services sector, says Ministry of Finance

Govt to snip red-tape in PSU sale approval, cut time frame by 90%

Proposals may directly go to CCEA for its nod

Govt not interested in footing Rs 8,000-cr moratorium bill for banks

Govt is of the view that the onus of reimbursing compound interest charged to customers does not fall on entirely on itself, said a top govt official

DFI goes back to the future: Will changes boost infra funding in India?

The Bill suggests that the government has learned from past mistake

Sebi to set up fund to buy stressed corporate bonds: FM Sitharaman

The new fund will be set up as an alternative investment fund

FinMin mulls bringing DPE under itself ahead of privatisation drive

Move aimed at better control over PSUs ahead of govt's ambitious privatisation drive

Duty revisions after Oct to come with sunset clause, says FM Sitharaman

Government will rationalise customs duties after consultations, says finance minister

Privatising small PSUs first not a good idea: NITI Aayog's Amitabh Kant

What is required is for unions to be convinced that the steps being taken are in their and the country's best interests, says Kant

Govt to sell up to 15% stake in Rail Vikas Nigam through OFS on Wednesday

The floor price for the sale has been fixed at Rs 27.50/ share.

Supreme Court lifts blanket ban on NPA classification

The Supreme Court has also ordered waiver of compound interest for all borrowers who availed the loan moratorium

DFI to get direct access to Reserve Bank of India's funding facilities

Govt may guarantee bonds, debentures and loans issued by the new institution

Fast-track admin processes to meet divestment target: Parliamentary panel

The panel said it is "concerned" that meeting divestment target is pivotal to the Budget

Centre likely to float request-for-proposal for Air India privatisation

The treatment of liability of Rs 207 crore for wage arrears of employees working on narrow body fleet of the airline, will also be clarified

Transfer NPAs to bad bank at book value, says Parliamentary panel

The panel urged the Reserve Bank of India to clearly define every step of the procedure to remove any ambiguity or discretion from the banks' side

NHAI turns down NITI Aayog's request to expand monetisation portfolio

Says call on monetising projects taken by independent investment manager

DFI bond subscribers to get tax reimbursement from Centre's Rs 5K cr grant

The Cabinet on Tue­s­day approved the Bill to create the government-promoted DFI

Centre may sell stake in Rail Vikas Nigam through OFS this month

In October 2020, the government had announced it would sell its 15 per cent stake in the company

FM promises safeguards; Rajya Sabha passes Bill to hike FDI in insurance

Bill provides that no insurer shall invest policyholders' funds outside India, says government

Ministries baulk at giving large procurement contracts to foreign companies

Prefer Indian firms in sectors where domestic capability exists: NITI Aayog