These three state-run banks would work on strict timeline and necessary regulatory process is expected to be over by the end of 2018-19, sources said.

Indian Railways' idea is to raise revenue through higher utilisation of seats and not by passing the burden on the travellers.

Earlier this year, the Coal Ministry had ruled out any possibility of dry coal shortage in the upcoming monsoon season and said that it had sufficient stocks to meet the demand of power plants.

Other than convincing the RBI and bankers to back the road projects, Jaitley will also have to work with the central bank to develop financial institutions.

Gross NPAs of banks may improve to 10% in March 2019 as resolution process picks up paceThe gross non-performing assets (GNPAs) of the banking sector is likely to improve to 10 per cent in March 2019, from 11.52 per cent as on June 30, 2018, as nearly 60 per cent of the bad loans of the sector are under active resolution, a report has said. The net NPA is also expected to decrease to 4.3 per cent, from 5.92 per cent as of June-end this year, ICRA said in its report. The rating age...

The Ministry of Railways has been gradually changing the face of Indian trains.

Set up by Piyush Goyal when he was the interim finance minister, the panel today submitted a report on the review of penal provisions of Company Act 2013 to Arun Jaitley.

Chanda Kochhar to be considered for director's post on ICICI Securities boardICICI Bank CEO and Managing Director Chanda Kochhar has suggested her name for a seat on the Board of Directors of ICICI Securities, the private lender's broking arm. The proposal will be up for consideration during the annual general meeting of ICICI Securities scheduled for August 30.Kochhar is facing scrutiny from several regulatory bodies as well as an internal probe initiated by the ICICI Bank over c...

Arun Jaitley, 65, stopped attending office at the beginning of April, and will be back in North Block - the seat of Finance Ministry - later today.

Despite huge strides, the risk of stressed and stranded projects is keeping investors jittery about India's infrastructure building strategy.

Indian Railways plans to invest Rs 44,000 crore to build a 1,100-km greenfield freight corridor along the country's east coast to connect Kharagpur in West Bengal with Vijaywada in Andhra Pradesh.

Atal Bihari Vajpayee, the former prime minister who was undergoing treatment at the All India Institutes of Medical Sciences, breathed his last at 5:05 pm today.

Arun Jaitley was referring to the RBI's foreign exchange reserves which stood at $402.70 billion in the week ended August 3 which provides a comfortable cushion.

Arun Jaitley said India has comfortable foreign exchange reserves to deal with any undue volatility in the currency market and developments are being closely monitored.

The Life Insurance Corporation is in the process of buying 51 per cent stake in the debt-stressed IDBI Bank. The Union Cabinet gave its approval to the proposal on August 1.

The Hong Kong-based newspaper, South China Morning Post, reports that most of the demand is coming from participants in the 'Belt and Road Initiative' and countries like India.

Finance Minister Piyush Goyal on Thursday said the capacity to slash the GST rates on more items would go up as Goods and Services Tax (GST) revenues and the compliance rate increases and the economy formalises.

On the HSBC list, the minister said that undisclosed income of Rs 8,448 crore was detected with a tax demand of Rs 5,447 crore.

Union Minister Arun Jaitley, who had undergone a kidney transplant surgery on May 14, is likely to resume office of Finance Minister in the third week of August, sources said.

The government has given signal to banks to try out yet another resolution approach, including AMC-AIF, for dealing with growing stressed assets. Will it work?