The government has allocated Rs 834 crores of total earmarked Rs 1,720 crore for National Food Security Mission (NFSM) to increase production of pulses, parliament was told on Tuesday.
An amount of Rs 169 crores has been released so far to states for implementation of the pulses programme, Minister of State for Agriculture S. S. Ahluwalia told the Lok Sabha in a written reply.
Out of 22 public sector banks (PSBs), nine lenders, led by IDBI Bank, had reported losses in 2016-17, parliament was told on Tuesday.
IDBI Bank reported Rs 5,158 crore loss, the highest by any PSB, in the last financial year, Minister of State for Finance Santosh Kumar Gangwar told the Rajya Sabha in a written reply.
During 2016-17, Allahabad Bank reported Rs 314 c
Notwithstanding its apprehensions about the footfall of Indian tourists after the implementation of GST on July 1, South African Tourism is eyeing one lakh visitors from India in 2017-18, an official said on Tuesday.
Despite a steady surge of 21.7 percent in the number of Indian leisure visitors in the African nation during the last calendar year the apprehension comes from the declin
Vice-President Hamid Ansari has expressed concern over several Indian companies that are finding it hard to sustain growth in a "competitive" global business environment, reported PTI. The vice-president also mentioned that the Indian corporate sector had some inherent weaknesses, including risk aversion, debt-addiction and low R&D spending.
He said the Indian corporate
The finance ministry said the Reserve Bank is not examining any proposal to extend the 90-day period for classification of non-performing assets (NPAs) or bad loans to help small businesses, reported PTI. The extant prudential NPA norms were brought in after extensive consultations and were based on the report of the Committee headed by M Narasimham on Banking Sector Reforms, Minister of State
Indian banks need to provide a bare minimum Rs 180 billion additionally towards 12 accounts identified by the Reserve Bank of India (RBI) for reference to the National Company Law Tribunal under the Insolvency and Bankruptcy Code in FY18, estimates India Ratings and Research (Ind-Ra). Ind-Ra’s said that the weighted average provisioning currently at 42 per cent by banks towards the 12 ide