Page 18 - Nikunj Ohri

PM Narendra Modi urges banks to lend to start-ups and MSMEs amid Covid-19

Calls for effective participation of public sector in banking and insurance

PM harps on trust and transparency for depositors, investors in fin sector

Says banking sector was badly hit 12 years ago due to aggressive lending; but now instead of brushing NPAs under the carpet, it is mandatory to report even one-day defaults

Make next 10 years 'the decade of India': Piyush Goyal to pharma firms

Coining a new acronym, Goyal said the world today needs CURE - Cost-effective Uni­ve­rsal solutions through Research and Enterprise

115 MPs of European Parliament back India's Covid vaccine proposal at WTO

Goyal says India's proposal getting widespread support

Centre lifts embargo on grant of govt businesses to private banks

Move will spur competition, promote efficiency in customer service standards

Centre likely to go Canada way to set up SPV for land monetisation

Over the years, PSUs have been unsuccessful in selling their land assets due to pending litigation and lease terms

India's inflation target band up for review: FM Nirmala Sitharaman

Govt seeks RBI's view on tweaks to CPI basket and if old weightings need to be changed

Govt may pare 1-2% SUUTI stake in Axis Bank to meet disinvestment targets

Proposed move may fetch Centre Rs 2,300 crore

Rs 30,000 crore via agri cess will go to states to improve APMC infra: FM

She says government's cronies are the common people of the country

Budget debate: We care for poor and respect wealth creators, says FM

Budget is the instrument for Atmanirbhar Bharat, says FM Nirmala Sitharaman

Govt will reserve up to 10% in LIC's IPO for policyholders: DIPAM Secretary

Provisions have been added in the LIC Act to provide some reservation to policyholders as shareholders, said DIPAM secretary Tuhin Kanta Pandey

Union Budget 2021: Govt to privatise two PSBs and one general insurer

The Budget has also laid the road map for overhauling public sector enterprises with the announcement of the broad details of the privatisation policy

Budget 2021 lays out road map for overhaul of state-run companies

The policy classifies central public-sector companies, banks and insurance companies into four strategic areas

Recapitalisation plan in the works for India Post Payments Bank

Viability plan includes Rs 2,000-crore infusion

Highest since independence: Economic Survey pegs GDP growth at 11% in FY22

This translates into real GDP growing only 2.4% over the absolute level of 2019-20

Parliament to consider bills to ban private cryptocurrencies, set up DFI

The Bill will prohibit all private cryptocurrencies in India, but will allow for certain exceptions to promote the underlying technology of cryptocurrency, and its uses

DoT, Dipam lock horns over real estate asset valuation of BSNL-MTNL

It is learnt that the valuation done by the two companies is much higher than the one arrived at by the transaction advisors

PSU privatisation: Govt to amend security clearance policy for investors

The changes are being proposed to obviate situations when a highest bidder fails the security clearance in the case of investment from China or other bordering nations on grounds of national security

Cabinet clears policy on PSU privatisation ahead of Union Budget

The contours of the policy and the strategy to privatise PSUs will be announced by Finance Minister Nirmala Sitharaman in the Budget

Raise revenues from improved tech-driven enforcement: KPMG to govt

To help resolve tax disputes, a majority of respondents feel that a mediation scheme should be introduced in the Budget to help in negotiating settlements.