(FE) The deputy governor said that customers in the low-income group should be enabled to not merely avail offered products and services, but demand them according to their needs. Lenders need to monitor Mudra loans closely amidst growing non-performing assets (NPAs) under the scheme, Reserve Bank of India (RBI) deputy governor MK Jain said on Tuesday. “There is a need to focus on repayment capacity at the appraisal stage and monitor the loans through the life-cycle much more closely,” Jain said, adding that while Mudra loans had given a “massive push” to lift beneficiaries out of poverty, there have been concerns…
Author: Aruna Sharma
(FE) As the Centre is gearing up to invite fresh expressions of interest (EoIs) by December 15 for the sale of its entire stake in Air India, the employees of the national carrier — over 11,000 at last count — will be offered job protection for a period of one year, sources told . “The sale and purchase agreement (SPA) agreement will provide that strategic partner shall not retrench any employees of the company for a period of one year,” an official said. The Centre will share the SPA privately with prospective bidders at the EoI stage itself to help…
The two day DEFCOM INDIA 2019 seminar commenced at Manekshaw Centre, New Delhi on 26 November 2019. The theme for the seminar is, “Communications: A Decisive Catalyst for Jointness”. The seminar is devoted to the seminal theme of leveraging communications for achieving jointness between the three services. In his inaugural address the Hon’ble Raksha Rajya Mantri Shri Shripad Naik highlighted that the announcement of Chief of Defence Staff by the Hon’ble Prime Minister has been made keeping in view the much needed reform to streamline and further improve the coordination and integration between the three services. He stressed that seamless…
(AU) अब देश में नए पेट्रोल पंपों की स्थापना पर सीएनजी, जैव ईंधन, एलएनजी, इलेक्ट्रिक वाहन चार्जिंग आदि नई पीढ़ी के वैकल्पिक ईंधन की बिक्री के लिए कम से कम एक प्वाइंट देना जरूरी हो गया है। इसके साथ कंपनियों के लिए कम से कम पांच फीसदी पंप दूरदराज के इलाकों में और कुल 100 पंप खोलना जरूरी होगा। सरकार ने मंगलवार को पेट्रोल पंप लगाने से जुड़े नियमों में व्यापक बदलाव का एलान किया। इस संबंध में जारी राजपत्र अधिसूचना में लाइसेंसी के लिए पेट्रोल पंपों की स्थापना से जुड़े नियमों का विस्तार से ब्योरा दिया गया है। इसके…
During the winter season, snowfall often halts the movement of vehicles in Kashmir Valley, in this situation, the train operation is considered the best mode of transportation in Kashmir Valley. Indian Railways has restored train services to benefit the thousands of local commuters to travel by train over the entire area between Baramulla to Banihal (138 Km). The decision to re-start the train services in Kashmir valley was taken after due security audits and assurance by Government Railway Police, Jammu & Kashmir. Recently, on 07th November, 2019 due to heavy snow fall, the railway tracks were covered under snow with thickness…
(NDTV) The Supreme Court will today decide on a petition challenging the surprise government formation by the BJP in Maharashtra. The top court on Monday, after an 80-minute hearing, said it would give a decision today on the petition filed by the newly formed Congress, Shiv Sena and Nationalist Congress Party combine, which claimed it has the numbers needed to form government. On Monday, the centre argued that Governor Bhagat Singh Koshyari invited Devendra Fadnavis to form government based on a letter showing the support of 170 MLAs, including all 54 of the NCP of Ajit Pawar, who was sworn…
(PTI) NextGen Digital Fuelling initiatives, aimed at providing greater transparency and building customer trust, has been launched by public sector Bharat Petroleum Corporation Ltd.Some of the initiatives include 100 per cent assured quality and quantity of fuel delivered to BPCL fuel stations through tankers, 100 per cent secured payments, new retail visual identity and automated SMS updates after fuelling transactions. BPCL Chairman and Managing Director D Rajkumar along with senior officials recently launched the NextGen Digital Fuelling Initiatives for BPCL Fuel Stations, part of the Pure for Sure programme launched by the company in 2001, at a retail outlet here
(PTI) Markets regulator Sebi on Monday imposed a total fine of Rs 40.5 lakh on seven companies for indulging in fraudulent trading in the illiquid stock options segment on the BSE. Of the total fine levied on the firms, Rs 10.5 lakh was levied on Green Venture Securities Management Pvt Ltd while Morgan Financial Services, Niranjan Housing, Navrang Tradelinks, Niranjan Metallic, Nishu Leasing and Finance and Midpoint Tradelink faced a fine of Rs 5 lakh each. “The reversal trades executed by the Noticee were non-genuine in nature and created an impression of genuine trading volumes in respective contracts,” Sebi said in…
(PTI) Finance Minister Nirmala Sitharaman on Monday introduced the Taxation Laws (Amendment) Bill, 2019, in the Lok Sabha to replace the Ordinance that was used to slash corporate tax rate to stimulate growth rate in a slowing economy. The Taxation Laws (Amendment) Bill, 2019 will replace the Taxation Laws (Amendment) Ordinance, 2019, promulgated on September 20, 2019, to cut the base corporate tax rate to 22 per cent from 30 per cent. Sitharaman introduced the Bill just before the proceedings in the Lok Sabha were adjourned for the day following opposition uproar over political developments in Maharashtra. Also, the International…
(PTI) The government has collected Rs 4,972.738 crore in revenue from auctioned coal blocks since financial year 2014-15, Parliament was informed Monday. Of the total revenue garnered till October 31, the maximum of Rs 1,280.58 crore was mopped up in 2018-19. In 2017-18, the revenue stood at Rs 1,115.02 crore while in the preceding fiscal, it was Rs 1,018.117 crore. In 2015-16, the government collected Rs 663.774 crore in revenue while in the preceding year, the figure stood at Rs 241.294 crore, Coal Minister Pralhad Joshi said in a reply to the Rajya Sabha. Under Coal Mines (Special Provisions) Act, 2015,…