\"The amalgamation process will take some time and the new entity will start functioning from April 1, 2020,\" MD and CEO of UBI, Ashok Kumar Pradhan, said

Lenders to Dewan Housing Finance Ltd are now planning to infuse fresh funds to the tune of Rs 7,000 crore into the company to ensure that it's SMA-2 loans, where interest payment is delayed for 60-89 days, do not slip into NPA category

The bank managed to be in the black in the fourth quarter of the last fiscal by posting a bottom-line of Rs 95 crore, after reporting losses for seven straight quarters.

Approval of the shareholders for raising the equity capital would be sought at the Annual General Meeting of the company, to be held on June 28, 2019

NYAY scheme: \"The first year they're only aiming for the poorest of the poor who're actually relatively easy to target,\" said MIT Economics professor Abhijit Banerjee.

Only the poorest of the poor will be targeted in the first year which is relatively easy, however, it will be more difficult to identify the second phase of beneficiaries as the data is nearly a decade old, Banerjee said.

As per media report, Angus Deaton, the British economist who won the Nobel Prize in 2015, and French economist Thomas Piketty are advising the Congress on its ambitious minimum income guarantee scheme. The other people rumoured to be consulted are economist Abhijit Banerjee and former RBI governor Raghuram Rajan.

Guy Standing, Economist and International UBI expert, explained the phenomenon of 'Precariat' at India Today conclave 2019. He said, \"Precariat defines people who don't have an identity and live on low incomes. They are losing access to rights.\" Watch the video to know more about the concept Precariat.

Experts say that while announcing such a scheme is easier, the challenge is in getting the design of the scheme correct.

NPAs being written off and revenue being foregone every year for India's rich can easily fund Minimum Income Guarantee scheme

The idea of UBI is not new but in the past few years, it has resurfaced globally in a very big way as a means of redistributing income.

Jet Airways seeks shareholders' approval on capital boostJet Airways said it would seek shareholder approval to issue new equity and convert existing debt into equity among other things at a special meeting on Feb. 21, as the beleaguered airline attempts to stay afloat. The company will also seek approval to allow its lenders to nominate directors to its board, the airline said in a regulatory filing. Saddled with a debt of about 80.52 billion rupees ($1.14 billion) as of Sept. 30, Jet is des...

Rahul Gandhi's promise of universal basic income is seen as counter to the BJP's recent success in passing an amendment bill on 10 per cent reservation to the economically weaker sections from the upper castes.