New Delhi: Finance Minister Nirmala Sitharaman has asked public sector banks (PSBs) to take swift action in cases concerning fraud and wilful defaults to reduce bad loans and take steps to accelerate growth momentum, sources said. Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till the…
Panaji (Goa): India is being crowned as the world’s largest consumer of whisky as its consumption as a nation in the world is around 242 million cases annually. And, one of the country’s leading producers of world-class whisky, the Cheers Group, has now come up with a new brand which is appropriately named Decade Age,…
New Delhi: Union Minister Nitin Gadkari on Thursday said that the draft notification to mandate the installation of air-conditioning systems in the cabins of trucks has been approved. The draft prepared includes trucks under categories N2 and N3, Union Minister Nitin Gadkari tweeted. “Approved the draft notification to mandate the installation of air-conditioning systems in the…
New Delhi: The Union Cabinet has approved draft of Digital Personal Data Protection (DPDP) Bill 2023 for tabling it in the upcoming monsoon session of Parliament, an official source said on Wednesday. The bill proposes to levy penalty of up to Rs 250 crore on entities for every instance of violation of norms in the bill. “The Cabinet…
Islamabad: The IMF’s executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday. The Pakistan government and the International Monetary Fund…
New Delhi: Union ministers Nirmala Sitharaman and Rajeev Chandrasekhar on Tuesday discussed various issues related to the digital competition law. A panel chaired by Corporate Affairs Secretary Manoj Govil will be preparing a report on digital competition law, where it will examine various regulatory aspects in dealing with challenges emerging from the digital economy. On Tuesday,…
Mumbai: Tina Ambani, the wife of Reliance ADA Group Chairman Anil Ambani, on Tuesday appeared before the Enforcement Directorate (ED) here for questioning and recording her statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. Anil Ambani had recorded his statement in the case on…
New Delhi: India has doubled its share of global commercial services exports to 4.4 per cent in 2022 from 2 per cent in 2005, according to a World Bank and World Trade Organization (WTO) report. “China and India doubled their share of global commercial services exports from 2005 to 2022, from 3.0 per cent to 5.4 per cent, and from…
Mumbai: As much as 76 per cent of the Rs 2,000 notes in circulation have been returned to banks, mostly through deposits, the Reserve Bank of India said on Monday. On May 19, RBI announced withdrawal of Rs 2,000 notes in circulation and gave public time till September 30 to either deposit the currency notes in…
New Delhi: BJP president J P Nadda has appointed Union minister Mansukh Mandaviya and party general secretary Vinod Tawde as central observers for the election of the leader of opposition in the Karnataka assembly. BJP chief spokesperson and Rajya Sabha MP Anil Baluni said the two central leaders will be visiting the state in a couple…
