Tarun Bajaj was responding to a query on whether the government would consider setting up of a bad bank as a one-time measure for reducing the burden of Non-Performing Assets (NPAs) of the public sector banks

China to welcome WHO's COVID-19 investigating team; Air India offers 50% discount on base fare to senior citizens for domestic flights; Duvvuri Subbarao, former governor of the Reserve Bank of India (RBI), has advised Union Finance Minister Nirmala Sitharaman to use the pandemic as an opportunity to execute fiscal reforms, and not just \"waste this crisis\". Watch this and more news on News Blast.

Use this 'act of God' to push fiscal reforms: ex-RBI chief D Subbarao advises FM Sitharaman Duvvuri Subbarao, former governor of the Reserve Bank of India (RBI), has advised Union Finance Minister Nirmala Sitharaman to use the pandemic as an opportunity to execute fiscal reforms, and not just \"waste this crisis\". Subbarao highlighted potential challenges for the Indian economy, saying that the hurdles faced by Sitharaman are unique, something that her predecessors had not encountered duri...

The central bank has already conducted two open market operations in state developments loan covering all states and union territories for a cumulative amount of Rs 20,000 crore

Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman's case, the advice has always been to \"spend more\", still leading to an ironic result of a slumped economy

Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman's case, the advice has always been to \"spend more\", still leading to an ironic result of a slumped economy

Dr Thirumala-Devi Kanneganti, an Indian-born researcher currently working at St. Jude Children's Research Hospital in Tennessee, USA, has identified the drugs that could be used to prevent serious damage to COVID-19 patients

A draft paper released by the Insolvency and Bankruptcy Board of India (IBBI) has proposed that those assets which are not easily converted into cash during the liquidation process must be distributed among creditors, and the liquidation process closed

The GST Council, comprising centre and state finance ministers, in its 39th meeting in March had decided that interest for delay in payment of GST to be charged on net tax liability with effect from July 1, 2017, and law would be amended retrospectively

The standard advantage of a bad bank is that the entity taking a decision on the sale price is different from the entity accepting that price

Even countries that are a fraction of India's size for example Finland, Denmark, Belgium, Austria, Norway have at least one bank in the global top hundred, he said while delivering a lecture at the fifth anniversary event of Bandhan Bank

Talking about India's short- and medium-term growth prospects, Subbarao expressed that they appear grim and the Centre should not make much of the economic activity coming back from the depressed base of coronavirus-induced lockdown

Though India's economy has been hit the hardest due to lockdown, some sectors have held the fort, with agriculture, exports, consumer durables, FMCG recording growth

In his new book titled 'Quest For Restoring Financial Stability In India', Acharya delves into the nature of pressure he worked under at the Reserve Bank of India

The outbreak of COVID-19 and subsequent lockdown to curb the spread of disease has hit businesses hard and many of them are facing difficulty in servicing debt

\"In all these very grim scenarios, there are some silver linings and we have to see how we leverage them as we near total recovery of the economy,\" he said

The reason India finds itself in the comity of nations that can't afford a big stimulus to stoke economic growth is the 8 quarters of wait-and-watch game played until coronavirus hit us

Wuhan, the original epicentre of the new coronavirus outbreak in China, reported on Monday its first cluster of infections since a lockdown on the central Chinese city was lifted a month ago; Reliance Jio has brought in a new annual work-from-home plan as the uncertainty of the nationwide lockdown still looms over; Former Prime Minister Manmohan Singh has been admitted to All India Institute of Medical Sciences (AIIMS) in Delhi after he complained of chest pain. Watch this and more news on News Blast.Coronavirus: Elisa kits to solve accuracy issue, ease mass testing; Biocon, Transasia wait for approvalSovereign Gold Bond Series II opens today: 10 things to know about the scheme  

National Technology Day: PM Modi pays tribute to coronavirus researchers, hails 1998 Pokhran nuclear testsPrime Minister Narendra Modi on Monday took to social media to pay tribute to researchers and innovators on National Technology Day. He also hailed the Pokhran nuclear tests that were conducted on this day in 1998 when Atal Bihari Vajpayee was the prime minister. PM Modi paid tribute to the \"exceptional achievement of our scientists\" on this day in 1998. The Prime Minister c...

Booking for reservation in passenger trains will start from today at 4 pm. Online booking via IRCTC website or IRCTC mobile app, check new rules