Mumbai, Jan 30 (IANS) The government may propose the introduction of the Banking Governance Bill on February 1, 2026, in the Union Budget presentation, a move aimed at enabling public sector banks (PSBs) finance large projects by themselves.The draft legislation is expected to make PSUs more professional, competitive, and technology‑driven, as well as strengthen board composition and improve accountability, NDTV Profit reported, citing sources.The government may also separately consider raisin…
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Mumbai, Jan 25 (IANS) India’s strong economic fundamentals continue to support a healthy growth outlook, but prolonged uncertainty over the India–US trade deal could push the Reserve Bank of India to step in with further rate cuts.According to Goldman Sachs, if trade-related headwinds persist beyond the first quarter of FY27 and start weighing on growth, the RBI may use its remaining policy space to support the economy through additional monetary easing.The brokerage said India’s mass cons…
New Delhi, Jan 24 (IANS) Major bank employee and officer unions in India have announced a nationwide strike on January 27 to press for the introduction of a five-day work week in the banking sector. The strike will begin at midnight on January 26 and continue until midnight on January 27, potentially affecting banking services across the country, according to NDTV Profit report.The strike notice has been issued by the United Forum of Bank Unions (UFBU), a joint platform representing nine bank un…
New Delhi, Jan 23 (IANS) India is emerging as one of the world’s major forces in artificial intelligence (AI), supported by strong reforms, digital public infrastructure, and a skilled technology workforce, said Kristalina Georgieva, Managing Director of the International Monetary Fund, at the World Economic Forum in Davos.The IMF MD pointed to India’s rapidly built digital public infrastructure and deep pool of IT‑skilled labour as major strengths, NDTV Profit reported.Georgieva said the …
New Delhi, Jan 5 (IANS) India is on course to achieve its ambitious target of 500 gigawatts (GW) of non-fossil fuel power capacity by 2030, with a strong pipeline of renewable energy projects already in place, a top government official has said.India currently has around 260 GW of non-fossil fuel capacity, Santosh Sarangi, Secretary at the Ministry of New and Renewable Energy (MNRE) said while speaking to NDTV Profit.This means the country needs to add about 240 GW more over the next few years, …