Cash-strapped Pakistan will get about USD 7 billion in fresh assistance from the Asian Development Bank for various development projects over the next three years, according to a media report on Friday.

CBI conducts surprise checks across 150 locations: These checks were conducted at various places due to suspected corruption.

Gross NPAs of the PSBs stood at Rs 8.06 lakh crore on March 31, 2019, even after a sum of Rs 3.12 lakh crore was written off between FY15 and FY18; credit growth was a mere 9.6% as against 13.2% for the SCBs

Minister of State for MSME stated that the development of the sector is often hampered due to non-cooperation of banks and his ministry was in talks with the finance ministry to address the issue

The finance minister last week announced front loading Rs 70,000 crore of capital into PSBs, but state-owned banks need much more capital

The key to lifting the gloom is in raising the income of working population through better wages to revive consumption demand

Running to the government cap in hand, at the first signs of a business downturn, hardly behoves such well-established industrial giants.

Now that a decline in private consumption is pulling down economic growth, the focus needs to shift to improving wages and other measures to spur demand and savings, which does not seem to be happening now

The government-promoted micro loan scheme 'Mudra' is a great help to first-time borrowers and existing entrepreneurs, but the risk of asset quality deterioration is rising

The survey was carried out on both listed and unlisted companies with total revenues between Rs 10 crore and Rs 500 crore in 2017/18