New Delhi, Feb 1 (IANS) As part of the financial sector reforms announced in the Union Budget for 2026-27 on Sunday, the government proposes to restructure the Power Finance Corporation and the Rural Electrification Corporation to achieve scale and improve efficiency in the public sector NBFCs.The vision for NBFCs for Viksit Bharat has been outlined with clear targets for credit disbursement and technology adoption.Finance Minister Nirmala Sitharaman said in Parliament that a High-Level Committe…
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Patna, Feb 1 (IANS) Reacting to the Union Budget presented by Finance Minister Nirmala Sitharaman on Sunday, Bihar Deputy Chief Minister Samrat Choudhary praised Prime Minister Narendra Modi and the Finance Minister, calling the Budget a “decisive step toward the resolution of a developed India (‘Viksit Bharat’)”. While sharing a post on social media platform X, Deputy Chief Minister Choudhary said that he listened to the live broadcast of the Budget along with senior Bharatiya Janata Party lead…
New Delhi, Feb 1 (IANS) In her Union Budget speech for 2026-27, Finance Minister Nirmala Sitharaman outlined several forward-looking proposals in the financial sector, aimed at strengthening India’s banking system and enhancing ease of doing business as the country progresses towards the goal of Viksit Bharat. A major announcement was the proposal to establish a high-level committee on Banking for Viksit Bharat. This panel will conduct a comprehensive review of the entire banking sector, includi…
New Delhi, Feb 1 (IANS) Sending a clear message about India’s robust financial sector to the world, Finance Minister Nirmala Sitharaman on Sunday said to keep reforms on track, the government will set up a high-level committee on banking for Viksit Bharat.This group will review the entire banking system and suggest changes to support India’s next stage of economic growth. At the same time, it will focus on financial stability, inclusion, and protecting consumers, said Sitharaman while delive…
Ahmedabad, Jan 24 (IANS) Adani Electricity has once again secured A+ national ranking in the 14th ‘Annual Integrated Rating and Ranking of Power Distribution Utilities’ by the state-run Power Finance Corporation.The back-to-back top ranking reflects the company’s consistent performance in delivering reliable power supply, maintaining low losses, and upholding strong financial discipline.Commenting on the recognition, Adani Electricity said that retaining the top national ranking reflects the d…