New Delhi, April 8 (IANS) The Pradhan Mantri MUDRA Yojana (PMMY), the flagship programme of the Modi government, has marked 11 years of operation, aimed at funding the ‘unfunded’ micro enterprises, small businesses and setting the path for their growth.Since its inception on this day in 2015, the programme has been instrumental in powering the business dynamics of small businesses and first-time entrepreneurs, in particular.According to government estimates, around 58 crore loans worth more …
Latest Non-Performing Assets News & Updates
New Delhi, March 24 (IANS) Aam Aadmi Party (AAP) Member of Parliament Malvinder Singh Kang on Tuesday criticised the Union Government while speaking on the Finance Bill 2026 in Lok Sabha, stating that the government’s claims of economic strength and reforms over the last decade stand completely disconnected from the ground reality. Kang said that while the Finance Minister has made tall claims about economic progress, the real picture of the country’s economy is deeply concerning.“If we lo…
New Delhi, Feb 11 (IANS) A special PMLA court has declared Amira Pure Foods Private Limited Chairman and Managing Director Karan A. Chanana, and Whole-Time Director Anita Daing as fugitive economic offenders and ordered the confiscation of assets worth Rs 123.85 crore belonging to the accused persons and companies.This declaration has been made under the Fugitive Economic Offenders Act (FEOA), on the basis of an application filed by the Enforcement Directorate’s Gurugram Zonal Office, accordin…
New Delhi, Feb 5 (IANS) Describing the recent trade pact with the EU as a ‘Mother of all Deals’, Prime Minister Narendra Modi on Thursday recalled the Bofors gun kickback scandal in the Rajya Sabha as an example of previous corrupt governments and Congress leaders who prioritised “filling their own pockets” over public welfare. In his reply to the Motion of Thanks to the President’s Address, PM Modi said the previous governments and leaders did not give priority to improvement in the l…
New Delhi, Feb 5 (IANS) Prime Minister Narendra Modi in his reply to the Motion of Thanks on the President’s address in the Rajya Sabha on Thursday, defended his government’s banking and public sector reforms while launching a scathing attack on the Opposition, particularly the Congress and Trinamool Congress, amid the ongoing Budget Session disruptions. Highlighting achievements in the banking sector, Prime Minister Modi said that non-performing assets (NPAs) have been reduced to below one per …
Hyderabad, Dec 24 (IANS) The Directorate of Enforcement (ED) restored properties valued at Rs 63.05 crore to the State Bank of India and UCO Bank in connection with a money laundering investigation against G. S. Oil Limited. ED’s Hyderabad Zonal Office completed the process of restitution of attached properties valued at approximately Rs. 63.05 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2022, to the State Bank of India (Rs. 62.30 crore) and UCO Bank (Rs. 75 la…