Page 5 - Nikunj Ohri

5 years of GST: Profiteering charges leave many companies perplexed

No structured guidelines for firms to avoid profiteering; standard method to compute undue profits, say experts

PLI scheme to put India on firm footing in global value chain: Amitabh Kant

In a Q&A, the NITI Aayog CEO asserts that all sectors, not just manufacturing or services, will have to grow for India's economic transformation

Centre gets multiple bids for privatisation of Ferro Scrap Nigam Ltd

The eligibility criterion for bidders included a mandatory net worth of at least Rs 150 crore and a PAT in at least two of the immediately preceding five financial years

Expedite NPA resolution, focus on credit growth: Finance ministry to PSBs

Banks have been asked to put up branches in unbanked villages

Irdai mulls linking insurance frauds with individuals' credit score

Believed to be a good deterrent as low score can deprive access to services

FM Nirmala Sitharaman set to review govt banks' financials on Monday

Loan recovery, over Rs 100 crore of bad loans to be assessed

Support Agniveers after tenure completion: FinMin to PSBs, insurance firms

Post the announcement of the scheme protests have erupted across several states with the Opposition slamming the centre for hastily drawing up the plan

Irdai working group recommends relaxing investment norms for insurers

The panel has suggested having a single limit of expenses over and above the monitoring of solvency and enterprise level expense limit

IDBI Bank sale: RBI may not relax stake-dilution timeline for new buyer

Govt intermediaries sought exemptions in IDBI bank sale under RBI rules, which require promoters' shareholding to be reduced by 26% post acquisition

Centre looks to build divestment capacity in govt departments, PSUs

DIPAM calls for in-house capabilities for analysis and decisions regarding divestment-related measures

Strategic PSUs should look to scale up, boost efficiency: FM Sitharaman

The minister said strategic sectors had been identified based on national interest, and the government would continue to have its presence in these sectors

PSBs to focus on 3-yr roadmap to support SMEs, farming under EASE reforms

The roadmap will be based on broad themes of business growth, profitability, risk, customer service, operations, and capability building

PNB board approves investing Rs 500 cr in PNB Housing's rights issue

PNB Housing Finance is looking to raise Rs 2,000 crore by issuing NCDs on a private placement basis

PSBs to hold credit outreach drive across all districts on Wednesday

State-owned lenders to address public queries on credit facility and enrolment for various schemes

IDBI may be allowed to merge with pvt bank after stake sale by Centre, LIC

The government sees banks and large non-banking financial companies as the most suitable contenders to participate in the sale of IDBI Bank

Services activity at 11-year high in May on post-Covid business growth

The S&P Global India PMI rose to 58.9 in May from 57.9 in April, the highest since April 2011

PSUs asked to route strategic divestment, minority stake sales via DIPAM

The process for strategic divestment will be through competitive bidding, while soon-to-be specified guidelines will have to be followed for shutting down units

Appointment of managing directors at three PSBs gets govt's approval

The appointments are in line with the recommendations made by the Banks Board Bureau

Manufacturing PMI steadies in May on increased orders despite inflation

PMI manufacturing was recorded at 54.6 in May, a minor change from 54.7 in April

Mudra loans worth Rs 36,578 cr sanctioned to 5.4 mn borrowers in April-May

A total of Rs 19.22 trillion loans have been sanctioned to 353 million borrowers under the scheme in seven years since inception