New Delhi: Finance Minister Nirmala Sitharaman on Friday said a special camp was organised in Chennai for expeditious settlement of claims by general insurance companies in areas impacted by cyclone Michaung and similar efforts would be made in four districts of Tamil Nadu affected by excessive rains and flood. Following the Michaung cyclone, four districts–Tirunelveli, Toothukudi,…
New Delhi: Parliament on Wednesday passed a bill that will raise the cap on the age limit for president and members of GST Appellate Tribunals. The bill was approved with a voice vote in Rajya Sabha and returned to Lok Sabha, which had passed the bill on Tuesday. In the post-lunch session, Finance Minister Nirmala Sitharaman…
Hyderabad: Telangana will have an outstanding debt of Rs 6,71,757 crore, including non-guaranteed loans of corporations or institutions by the end of FY 24 against Rs 72,658 crore in 2014-15, the state government said. A white paper on Telangana State Finances, which was tabled by Deputy Chief Minister and Finance Minister Bhatti Vikramarka Mallu in the…
New Delhi: Equity investors became poorer by Rs 8.91 lakh crore on Wednesday as markets came under a bear attack, with the benchmark Sensex falling almost 931 points after hitting its fresh all-time high level. Erasing all its early gains, the 30-share BSE Sensex crashed 930.88 points or 1.30 percent to settle at 70,506.31 points. The…
Johannesburg: South African investment platform Satrix has lauded the Indian equity market for exceptional growth while other emerging economies have been struggling. “It has been four stellar years of growth for the Indian equity market despite a global pandemic and various regional instabilities plaguing other emerging economies during this time,” Satrix said in a statement…
New Delhi: There has been a 28 percent annual increase in unclaimed deposits with the banks to Rs 42,270 crore as on March 2023, Parliament was informed on Tuesday. As compared to Rs 32,934 crore unclaimed deposits with public and private sector banks in FY22, the amount increased to Rs 42,272 crore at the end…
Mumbai: India’s central bank on Tuesday barred entities regulated by it, including banks and non-banking finance companies (NBFCs), from investing in alternate investment funds (AIFs) that have investments in existing and recent borrowers. This includes companies in which lenders have current exposure such as an investment or a loan or in the past 12 months,…
Kolkata: On the eve of the INDIA bloc’s meeting in New Delhi, the Trinamool Congress, a major constituent of the alliance, urged the Congress to abandon its “Zamindari culture” and work towards presenting senior leaders like Mamata Banerjee as the face of the alliance. Banerjee, the TMC supremo and Chief Minister of West Bengal, is…
Mumbai: The Reserve Bank of India’s board on Monday reviewed the prevailing economic and financial scenario, including the challenges posed by geopolitical developments. The 605th meeting of the Central Board of Directors of Reserve Bank of India was held today in Ekta Nagar (Kevadia) under the Chairmanship of Governor Shaktikanta Das. “The board reviewed the…
New Delhi: China followed “wolf-warrior diplomacy” and “salami-slicing” tactics with impunity browbeating smaller neighbours and it took the Indian Army to show to the world that “enough is enough” and challenge the “neighbourhood bully”, says Gen Manoj Mukund Naravane, the 28th Chief of Army Staff, recounting the Indian response to the Chinese aggression in eastern…
