Accounts not performing due to delay won’t be labelled NPAs: Centre
NEW DELHI: The government of India (Centre) has informed the Supreme Court that accounts becoming non-performing due to bank’s or any other delay need not suffer the label of Non-Performing Assets (NPAs). The Centre said concerns have also been expressed regarding possible downgradation of loan accounts from standard to NPAs and consequent impact on ratings. […]
Telangana seeks Rs 500 crore from Centre for Hyderabad-Vijayawada highway
HYDERABAD: Telangana’s minister for municipal administration and urban development K. T. Rama Rao has urged the Narendra Modi government (Centre) to provide Rs 500 crore for development works on Hyderabad – Vijayawada section of National Highway 65. In a letter to Union Minister for Road Transport and Highways, Nitin Gadkari, he sought the assistance to […]
Decision in 2-3 days over interest on deferred instalments by banks, Modi government tells Supreme Court
NEW DELHI: The government of India (Centre) informed the Supreme Court on Monday that a decision is likely in 2-3 days over charging of interest by banks on instalments which were deferred during the moratorium period in view of the COVID-19 pandemic. The top court asked the Centre to bring the decision on record and […]
Modi government proposes tax incentives for foreign funds shifting to GIFT City
NEW DELHI: In a bid to attract off-shore funds to set up their base in India, the Narendra Modi government (Centre) has proposed tax incentives or foreign funds who decide to shift their base to International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City). The Taxation and Other Laws (Relaxation and […]
AAP will provide homes to those displaced, if Centre can’t: Raghav Chadha
NEW DELHI: Aam Aadmi Party (AAP) spokesperson Raghav Chadha on Friday said that if the Central government is not able to provide houses to everyone then AAP will. He said that the Arvind Kejriwal government has written a letter to the BJP-led Central government demanding a pucca house (dwellings designed to be solid and permanent) […]
Covid pushes government to borrow full Rs 12 lakh crore for FY21 by December
NEW DELHI: The Narendra Modi government proposes to exhaust its entire borrowing of Rs 12 lakh crore for FY21 by December as it looks to step up expenditure to stimulate the economy hit by the Covid-19 pandemic. Government sources said that the aim is to exhaust the entire borrowing space early to give a lift […]
CPI to hold all India protest on September 14
NEW DELHI: The CPI will observe September 14 as ‘All India Protest Day’ to highlight the state of the economy, according to a statement issued by the party on Tuesday. “The party has decided to organise a protest on September 14, 2020, the day on which the Parliament is to meet. This is to highlight […]
Opposition parties planning joint offensive against Modi government in Parliament
NEW DELHI: Opposition parties are planning a joint offensive against the government to corner it in Parliament on issues of national security like the border situation with China, handling of the COVID pandemic, economy and GST compensation to states, sources said. Leaders of various opposition parties are expected to meet later this week to formulate […]
India bans 118 more mobile apps, including PUBG
NEW DELHI: The government of India on Wednesday blocked 118 more mobile applications, including popular gaming app PUBG, terming them prejudicial to the sovereignty, integrity and defence of the nation. The banned apps include Baidu, Baidu Express Edition, Tencent Watchlist, FaceU, WeChat Reading and Tencent Weiyun, besides PUBG Mobile and PUBG Mobile Lite, according to […]
India approves MSP for 14 kharif crops, hikes support price for paddy, cotton
NEW DELHI: The government of India on Monday hiked the minimum support price (MSP) of paddy marginally by Rs 53 per quintal to Rs 1,868 per quintal for the 2020-21 crop year, while the rates for oilseeds, pulses and cereals were also raised. The decision, taken by the Cabinet headed by Prime Minister Narendra Modi, […]
From Companies Act to foreign listings, government takes up big corporate reforms
NEW DELHI: The economic package to tide over the coronavirus pandemic has also come out with some major reform and market-freeing announcements, and Sunday was no different with Finance Minister Nirmala Sitharaman laying down a number of reforms for the corporate sector ranging from decriminalisation of the Companies Act to permitting direct listing of Indian […]
Odisha urges Modi government to temporarily suspend Shramik trains due to cyclone
NEW DELHI: The Odisha government urged the Narendra Modi government to temporarily suspend running of ‘Shramik Special’ trains to the state’s coastal districts in view of the impending cyclonic storm that is likely to intensify from Sunday, official said. The request was made by Chief Secretary A K Tripathy on Saturday during a video conference […]
Congress accuses Modi government of weakening banking architecture
NEW DELHI: The Congress on Wednesday attacked the government over the issue of bad loans, accusing it of weakening the entire banking architecture fiscally and imprudently in the name of cleaning the system. The party was responding to Finance Minister Nirmala Sitharaman’s tweet on Tuesday night in which she accused the Congress and its leaders […]
Congress to hold agitations against government’s economic policies
NEW DELHI: The Congress on Thursday announced it will hold massive agitations across the country from October 15 to October 25 against the government’s policies that have allegedly led to an “economic slowdown”. The decision was taken at a meeting chaired by Congress chief Sonia Gandhi at the AICC headquarters here. The meeting was attended […]
In national interest, listen to Manmohan Singh, Shiv Sena tells Centre
NEW DELHI: BJP’s ally Shiv Sena has backed former Prime Minister Manmohan Singh, who recently said that the Indian economy is in a bad shape due to “mismanagement” by the Narendra Modi-government, and said that listening to him is in the “national interest.” Sena’s support for Manmohan Singh, a noted economist, came after the Centre […]
Article 370: Indian-Americans back Modi government move to revoke Jammu and Kashmir special status
NEW DELHI: Hundreds of Indian-Americans assembled outside the Indian Consulate in Houston on Saturday in support of India’s decision revoking Jammu and Kashmir’s special status and bifurcating the state into two Union Territories. Indian Americans, under the aegis of the Houston chapter of Friends of India Society International (FISI) and the Houston chapter of Global […]