Amid calls for the formation of a bad bank, Finance Minister Nirmala Sitharaman proposed the creation of the special vehicle to house the bad debt in the Union Budget announced last week. Creation of a special vehicle to house banks' sour debts was welcomed by the majority in the industry as a move which will help state-owned lenders in conserving capital which has to be otherwise set aside as provisions. But, what is National Bad Bank and how it will work? Business Standard's Abhijit Lele explains the government's idea in detail. Watch the video for more.


National Bad Bank: What it is and how it will work

Holders of about 78 per cent of various bonds and term loans have agreed to the deal, which targets debt due between 2026 and 2028

Appliances and consumer electronic maker Samsung India is planning a comeback into the residential air-conditioner market, which witnessed unprecedented sales growth in summer this year.
The company is planning to launch over a dozen models of inverter ACs for its 2025 lineup in the next few weeks, expanding the total number of stock-keeping units (SKUs) to 15-16, an industry insider told PTI.
Its room air conditioner (RAC) will have Samsung's DNA of smart features such as its propriety Bespoke AI solutions, targeting consumers looking to buy premium ACs and extra features, he said.
A decade back, Samsung was the second-largest player in the RAC segment, having over 15 per cent market share in the 2014-15 fiscal year. However, Samsung lost steam in the segment after the company diverted its resources and energy to high-growth areas such as mobile phones, smart TVs, LED displays, etc.
The Indian appliances market is witnessing a trend of premiumisation, where consumers are picking u

The company is planning to launch over a dozen models of inverter ACs for its 2025 lineup in the next few weeks, expanding the total number of stock-keeping units (SKUs) to 15-16

Born in Chennai, Krishnan's life took a pivotal turn when he persuaded his father to buy him a computer. He later became a well-known figure in the technology world of Silicon Valley and beyond

The regulator had sought "expressions of interest" (EoI) in July to build home-grown satellite constellations as part of a broader strategy to monetize the sector and ensure data sovereignty

Former Union Home Secretary Ajay Kumar Bhalla has been appointed the governor of strife-torn Manipur, ex-Army chief Vijay Kumar Singh is the new Mizoram governor while Kerala Governor Arif Mohammed Khan has been shifted to Bihar as part of gubernatorial appointments effected by President Droupadi Murmu on Tuesday.
Bihar Governor Rajendra Vishwanath Arlekar has been named the governor of Kerala in place of Khan, according to the Rashtrapati Bhavan.
Arif Mohammed Khan has been appointed as Bihar Governor, the Rashtrapati Bhavan said in a statement.
President Murmu has accepted the resignation of Odisha Governor Raghubar Das, it said.
Mizoram Governor Hari Babu Kambhampati has been appointed as the new Odisha Governor in place of Das, the statement said.
These appointments will take effect from the dates they will assume charge of their respective offices, it added.

Bihar Governor Rajendra Vishwanath Arlekar has been named the governor of Kerala in place of Khan, according to the Rashtrapati Bhavan

Both Rashid's counsel and the NIA had agreed to keep the matter in the current court. In addition to the NIA's case, the special judge had suggested moving a related money laundering case

Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget.
The Prime Minister on Tuesday met eminent economists and sectoral experts at NITI Aayog to hear their views and suggestions for the upcoming Budget.
Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025.
According to an official statement, the Prime Minister emphasised that Viksit Bharat can be achieved through a fundamental change in mindset, which is focused towards making India developed by 2047.
The participants shared their views on several issues, including navigating challenges posed by global economic uncertainties and geopolitical tensions, strategies to enhance employment particularly among the youth, and create sustainable job opportunities across ...

Prime Minister Modi emphasised that Viksit Bharat can be achieved through a fundamental change in mindset, which is focused towards making India developed by 2047

Seek relief from state levies, Customs duties, pitch for single window clearance system

Russia-Ukraine War

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Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

National Bad Bank: What it is and how it will work

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