The PNB's internal probe has revealed that its former official Gokulnath Shetty cleared over 13,000 transactions of Rs 1 crore which was well beyond his authorised limit of Rs 25 lakh. Shetty's name had first cropped up when the PNB in February announced that it had detected fraudulent transactions at its Brady House Branch in Mumbai.

LIC already owns over 10 per cent in the infra-lender turned commercial bank.

The Modi government will present a vote-on-account instead of a full Budget in February ahead of 2019 General Elections and does not need to present an Economic Survey. Considering this, a chief economic advisor might not be appointed till April 2019.

As Chief Economic Advisor Arvind Subramanian announced his intention to relinquish his post and return to the United States, BusinessToday.In Editor Rajeev Dubey sheds light on the contributions made by the economist during his tenure. Subramanian took on the job on October 16, 2014, after the post had been lying vacant for over a year. Though his three-year term ended last October, the government had extended his appointment by one year.

SJM co-convener Ashwani Mahajan, in a tweet further requested Prime Minister Narendra Modi to see to it that the next CEA is one who has \"faith in farmers, workers and entrepreneurs of Bharat and is not on sabbatical.\"

He said he would leave the office within the next two months by early September, even though his contractual term was co-terminus with the government.

Chief Economic Advisor Arvind Subramanian has announced his intention to relinquish his post and return to the United States.

The decision comes less than 3 weeks after the proposed 76 per cent strategic stake sale in debt laden Air India failed to attract any bidder.

According to Jaitley, the 7.7 per cent economic growth in the fourth quarter of 2017-18 'firmly' established India as the fastest growing major economy in the world and the trend is \"likely to continue for the next few years\".

The government and India's private hospital chains have strongly disagreed over the pricing of the 1350 procedures that the government plans to cover under the Ayushman Bharat (National Health Protection Scheme).

Though the salaries of the central government employees were increased by 14 per cent from January 2016, the hike, as per the employees, is not enough because of the rising cost of living and high inflation.

Among the areas where Railways Minister Piyush Goyal is working to double the Railways' revenue are signalling, train punctuality and freight capacity. Indian Railways wants to increase its share of freight from 33 per cent to 45 per cent.

How India stores is changing; big money sniffs fortune

Raj Kundra was summoned at the ED office in Mumbai and was asked questions about his involvement in a cryptocurrency trade - which is illegal in India.

Jaitley, 65, was admitted to the hospital on May 12, and the surgery was performed on May 14. Post that, he stayed in isolation ward to avoid infection.

Except Bank of Baroda, all three banks - IDBI Bank Ltd, Oriental Bank of Commerce and Central Bank of India - are under the RBI's Prompt Corrective Action (PCA) framework. The framework is a mechanism to maintain sound financial health of the banks.

After crossing Rs 1 lakh crore milestone for the first time in April, the GST collection for the month of May has been unable to keep pace with the preceding month. Total gross GST revenue collected in May 2018 stood at Rs 94,016 crore as against Rs 1,03,458 crore in April.

As the NDA government enters its final year, there is a long unfinished agenda that it may not be able to implement by 2019.