The Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets

Bad banks as a concept works efficiently when the domestic debt market is deep and the number of market participants is wide enough to allow sufficient price-discovery and market-making

The petition, filed by advocate Prashant Bhushan for NGO Common Cause, also sought a direction to the central government to appoint a director for the agency 'in a transparent manner and strictly in accordance with the law'

The new Parliament building, which is triangular in its design, will come up at plot number 118 of the Parliament House estate

The probity watchdog expressed deep concerns over prolonged delay in filing of such details by the government officials and set the November 30 deadline for 100 per cent compliance

The U.S. Department of Justice said on Wednesday the settlement resolves allegations that Gilead improperly used the Caring Voice Coalition as a conduit to cover thousands of patients' co-payment obligations

The RBI has stated that the benefit of restructuring will be available to corporates classified as standard accounts and not in default for more than 30 days with any lending institutions as on March 1, 2020

Recalling that he as Finance Minister in the Narasimha Rao cabinet had dedicated his first budget to the memory of Rajiv Gandhi, Dr Singh said the 1991 budget changed India in many ways as it ushered in economic reforms and liberalisation

Urjit Patel also says that the government is responsible for ensuring adequate capital for banks that are under its ambit on a durable or sustainable basis

Ambani has kept salary, perquisites, allowances and commission together at Rs 15 crore since 2008-09, forgoing over Rs 24 crore per annum

Sitharaman said clear instructions have been given in a meeting with CEOs and MDs of public sector banks and financial institutions on Friday that the banks should not be scared to extend loans as 100 per cent guarantee is being given by govt

FM said the package was designed for all sectors of the economy and sectors such as automobile, retail, entertainment, among others were not left out. \"Have not excluded anyone. People in any sector can approach banks and get loans,\" she added

A cluster-based approach to lending is likely to be the best strategy for optimal results in the shortest possible time to accelerate credit flow to the MSME sector

Moreover, he said, when advance accounts get classified as NPAs, banks get adversely impacted financially, which would ultimately result in the government infusing additional Capital

Referring to issues relating to GST, the finance minister said it is not the Centre to initiate steps for reduction of rates, the state ministers should also represent cases

The records on sale include exposed card numbers, expiration dates, CVV/CVC codes, and even additional information such as cardholders' full name, as well as their emails, phone numbers and addresses

The government has also modified its 2015 framework on large value frauds so that managing directors and chief executive officers of public sector banks are no longer personally responsible for compliance with various prescribed timelines

Banks have gone through a slightly worrying period wherein decision making was getting difficult because of fear of 3Cs. There was concern and bona fide decisions are not being made by banks because of what they would say undue harassment, says Nirmala Sitharaman

Sitharaman said in the past there had been worries and concerns among bankers about investigating agencies, which impacted bonafide decisions

Dhamra LNG terminal is a five million tonne per annum (Mtpa) LNG import and regasification facility at Dhamra Port, in the Bhadrak district of Odisha, India