(PTI) The Reserve Bank may provide four quarters to Punjab National Bank (PNB) for making provisions against the country’s biggest ever banking fraud of Rs 12,646 crore allegedly masterminded by billionaire diamantaire Nirav Modi. The bank has written a letter to the banking sector regulator seeking its opinion on making provisions for the fraud, sources said. Although there is a direction of the RBI on provisioning to be made in case of loan fraud, the bank is taking pre-emptive action to deal with extraordinary situation created by unearthing of this mega fraud. There is no precedence of fraudulent Letter of Undertaking (LoUs)…
Author: Aruna Sharma
Oil and Natural Gas Corporation (ONGC) today reaffirmed its commitment to become a role model of gender parity in the corporate world, as the company celebrated International Women’s Day across all its workcenters.ONGC’s lady officers are working across the country & abroad in difficult terrains very successfully to ensure the nation’s quest for energy independence. Shri Shashi Shanker, CMD-ONGC reiterated the organisation’s commitment towards creating an inclusive environment to foster gender parity. He said that ONGC is committed to be a change leader in the corporate realm to ensure gender parity. CMD also lauded the role of lady officers for…
(TOI) The highway ministry has planned a mega event to mark the inauguration of Delhi-Ghaziabad stretch of NH-24 and Eastern Peripheral Expressway (EPE). Highways minister Nitin Gadkari said on Wednesday there would be a major road show by the Prime Minister riding an open vehicle on a highway stretch. “These two projects will be big gifts to Delhi, which got materialised during this government. These will reduce traffic burden on Delhi roads. We are planning a major road show. We will request the PM to take a ride on both the highway stretches. We have sought time from him to inaugurate these two stretches…
(FE) The Pension Fund Regulatory Development Authority (PFRDA) relaxed the norms for partial withdrawal under the National Pension Scheme (NPS). The same was clarified by Minister of State (MoS) for Finance Shiv Pratap Shukla in a written reply to a question in Rajya Sabha earlier on Tuesday. In accordance with the PFRDA (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations 2017, the subscriber must be subscribed to the NPS for at least a period of three years from the date of his or her joining, to be eligible to make partial withdrawals, under specific circumstances as specified…
(Tribune) The confrontation between the government and Congress Legislature Party (CLP) continued for the second day of the budget session today as the Congress accused the Chief Minister of trying to threaten the opposition which Chief Minister Jai Ram Thakur denied.The moment the house assembled, CLP leader Mukesh Agnihotri said his party members respect the Chief Minister’s post but the manner in which the CM threatened the opposition, it was unfortunate. “From his statement in the media today, it appears that the CM is not keen that the house should run smoothly. The Congress will not be cowed down by…
(Tribune) The Congress and BJP governments in Uttarakhand have spent Rs 1.94 crore for holding Assembly sessions in Gairsain between 2014 and 2017.While responding to a RTI query of Gurinder Chadda, the RTI officer in the Uttarakhand Legislative Assembly, has said between 2014 and 2017, the Assembly session was held for nine days and the highest expenditure was incurred last year under the BJP rule.In 2014, when the session was first hosted by the Congress government in Gairsain for three days, a total expenditure of Rs 57.09 lakh was incurred, then in 2015 the session was held for two days…
(LiveMint) The government on Wednesday approved a relief package for the stressed telecom sector, easing spectrum-holding caps and extending the payment period for spectrum acquired in auctions to 16 years from 10 years. While the change in spectrum caps is expected to aid telecom sector consolidation, allowing operators to settle their dues to the government over a longer time period will boost cash flows of operators. The earnings of telecom operators, grappling with a heavy debt load, have come under further pressure following the entry of Reliance Jio Infocomm Ltd in September 2016. The Mukesh Ambani-controlled company disrupted the telecom sector…
(DJ) केंद्रीय कैबिनेट ने केंद्र के 1.10 करोड़ कर्मचारियों और पेंशनरों का महंगाई भत्ता (डीए) पांच प्रतिशत से बढ़ाकर सात प्रतिशत कर दिया है। बढ़ा हुआ डीए एक जनवरी 2018 से लागू होगा। बुधवार को जारी आधिकारिक बयान के मुताबिक प्रधानमंत्री नरेंद्र मोदी की अध्यक्षता में केंद्रीय कैबिनेट ने यह फैसला लिया है। डीए में दो फीसद की बढ़त के इस फैसले से 48.41 लाख केंद्रीय कर्मियों और 61.17 लाख पेंशनरों को फायदा होगा। इससे केंद्र के खजाने पर सालाना 6077.72 करोड़ रुपये का अतिरिक्त बोझ पड़ेगा। लेकिन जनवरी 2018 से फरवरी 2019 तक 14 माह के लिए यह बोझ…
(PTI) With TDP threatening to quit the NDA government, Finance Minister Arun Jaitley today stepped in to pacify the sulking partner saying the Centre is committed to giving Andhra Pradesh financial assistance equivalent to a special category state. Mr Jaitley said he agreed with the assessment that Andhra Pradesh was financially suffering after Telangana was carved out of the state and his government will honour each and every commitment made by the Centre at the time of bifurcation. On Andhra Pradesh Chief Minister Chandrababu Naidu’s demand for fulfilling the promise of giving the state a special status, he said such…
(LiveMint) Prime Minister Narendra Modi said stern action should be taken against people guilty of vandalising statues, which have been reported in states including Tripura, West Bengal and Tamil Nadu. In a strongly worded message, the prime minister condemned the incidents of statue vandalism. The home ministry has also told state governments that they “must take all necessary measures” to prevent such incidents. “The prime minister spoke to home minister Rajnath Singh in this regard and expressed his strong disapproval of such incidents… Persons indulging in such acts must be sternly dealt with and booked under relevant provisions of law,” the…