Govt addressing issues without waiting for Budget: FM : Bulletin: Business Today
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Govt addressing issues without waiting for Budget: FM

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BusinessToday.In | January 6, 2020

Cyrus Mistry says not returning as Tata Sons chairman, will protect minority shareholders' rights
Cyrus Mistry has said that he is not pursuing the position of Tata Sons' executive chairman, the office he was unceremoniously terminated from in October 2016, or directorship of any of the Tata group companies. He added that he will, however, "vigorously pursue all options to protect our rights as a minority shareholder". Mistry's statement on Sunday came in the backdrop of an NCLAT order that reinstated him on the Tata Sons' board.

BSNL identifies assets worth Rs 20,160 crore for monetisation
State-owned Bharat Sanchar Nigam Ltd has submitted details of 14 properties worth Rs 20,160 crore to the Department of Investment and Public Asset Management (DIPAM) as part of the telecom corporations' ambitious asset monetisation plans, according to its Chairman.

Claims worth Rs 4,800 crore admitted from fixed deposit holders of DHFL
The Reserve Bank-appointed administrator of beleaguered Dewan Housing Finance Limited (DHFL) has admitted close to Rs 4,800 crore of claims submitted by fixed deposit holders of the company, a source said. Nearly 55,000 public depositor holders, including retail and UP Power Corporation employees, have demanded payments aggregating to Rs 5,200 crore from the troubled mortgage players as of December 17.

India Inc's overseas borrowing rise 6.5% to $2.12 billion in Nov 2019
Overall borrowings by India Inc from overseas markets grew 6.5 per cent to $2.12 billion in November 2019, the Reserve Bank data showed. Domestic companies had borrowed over $1.99 billion in November 2018 from foreign sources.

Govt unlikely to announce capital infusion for public sector banks in Budget 2020
The government is unlikely to announce capital infusion for the public sector banks (PSBs) in the upcoming Budget and will rather encourage them to expedite recovery of bad loans and raise funds from the market. Besides, sources said, banks may also look for divesting or selling their non-core business as part of fund raising exercise during 2020-21.

Over 390 hospitals served show cause notice, 170 delisted for fraud under PM-JAY scheme
The Pradhan Mantri Jan Arogya Yojana (PMJAY), the Centre's healthcare insurance scheme under the National Health Authority (NHA) has noted that 390 hospitals have been served show-cause notice, suspended or de-empanelled across nine states for alleged fraud.

Govt addressing issues without waiting for Budget: FM
Finance Minister Nirmala Sitharaman on Sunday said the Centre has taken steps to address the challenges faced by various sectors without waiting for the Budget. She also said that GST collection, which crossed Rs 1 lakh crore per month mark during the last two months, will remain "good" in coming days.




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