PM Modi launched big attack on Cong and former PM Rajiv Gandhi over inheritance tax.

PM Modi launched big attack on Cong and former PM Rajiv Gandhi over inheritance tax

State-owned Punjab & Sind Bank on Wednesday raised Rs 3,000 crore from issuance of maiden infrastructure bonds aimed at expanding infra lending.
The bank received total bids of Rs 6,031 crore against the base issue size of Rs 500 crore, Punjab & Sind Bank said in a regulatory filing.
Further, it said, the bank has decided to accept bids of Rs 3,000 crore at coupon rate of 7.74 per cent per annum.
In accordance with RBI guidelines, these papers with a tenure of 10 years would be listed on the National Stock Exchange (NSE) for trading.
These unsecured, subordinated, redeemable, non-convertible, taxable, fully paid-up long term bonds in the nature of debentures have a face value Rs 1 lakh each, it said.
Allotment of bonds to successful bidders would be done on Friday, it added.
Domestic investors have shown a lot of interest in such bond issuance by banks, and many lenders have exercised this option for raising resources in the recent past.
The advantage of infrastructure bonds ..

Domestic investors have shown a lot of interest in such bond issuance by banks, and many lenders have exercised this option for raising resources in the recent past

Of the Rs 550 crore of bad loans put up for sale by PCHFL, Rs 314 crore are unsecured loans, and Rs 236 crore are secured loans

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A parliamentary panel has raised concerns over the failure of several states to establish the necessary mechanisms to effectively address cases of atrocities against Scheduled Castes (SCs).
Highlighting persistent systemic gaps, the Standing Committee on Social Justice and Empowerment recommended that the central government should actively pursue the state governments to implement and strengthen the machinery required under the Protection of Civil Rights Act, 1955, and the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989.
In its report tabled in Lok Sabha on Wednesday, the committee noted that despite the absence of financial constraints at the central level, many states were not utilising available funds or taking necessary actions to address these issues.
The committee underscored that tackling atrocities against SCs requires "sincere and coordinated" efforts by state governments, supported by central resources.
The report also emphasised broader challen

The committee underscored that tackling atrocities against SCs requires "sincere and coordinated" efforts by state governments, supported by central resources

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Stakeholders from the micro, small and medium enterprises (MSME) sought a reduction in GST, technology upgrade, and production-linked incentive scheme benefits for various segments in a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday.
The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1.
Members from the Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs' Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers' Association (ASIMA); Rajasthan Footwear Manufacturers' Association were among the participants at the meeting.
The All-India Plastics Manufacturers' Association; All India Manufacturers' Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small Industries (based in West Bengal); Federation of Andhra Pradesh Small and Medium Association; and Laghu Udyog 

The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1

Call for reining in food inflation and raising investment in pre-Budget  talks

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PM Modi launched big attack on Cong and former PM Rajiv Gandhi over inheritance tax.

PM Modi launched big attack on Cong and former PM Rajiv Gandhi over inheritance tax.

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