New Delhi, July 10 (IANS) Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) and financial institutions on Monday to review the progress of foreign currency deposit mobilisation and overseas borrowing initiatives aimed at strengthening external capital inflows, as per sources.The meeting comes after the Reserve Bank of India (RBI) last month announced a series of measures to encourage banks to mobilise foreign currency deposits from Non-Resident Indians …
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New Delhi, July 7 (IANS) The Centre has approved the nationwide rollout of the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme and cleared Strategic Investment Plans (SIPs) worth Rs 1,237.58 crore to modernise Industrial Training Institutes (ITIs) through industry partnerships, the Ministry of Skill Development and Entrepreneurship (MSDE) said on Tuesday.According to the government, the decisions were taken at the fourth meeting of the National Ste…
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased.Further, the same facility is being extended to all individual Persons Resident Outside India (PROIs) at par with NRIs and OCIs, he remarked during his speech after the Monetary Policy Committee (MPC) meeting.“Third, a facility of concessional forex swap w…
New Delhi, Feb 5 (IANS) It was apparent that Prime Minister Narendra Modi came to Parliament on Thursday, prepared for an Opposition onslaught, and if the Congress thought of blocking him from participating in the Motion of Thanks on the President’s address like it did in the Lower House on Wednesday, it failed in the Rajya Sabha. “I thank my friends in the Congress who have provoked me earlier. I’ve been blocked from speaking five-six times in the last 10 years. They know, I don’t stop when I s…
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 …
New Delhi, Dec 31 (IANS) India’s fiscal deficit in the first eight months (April-November) of the financial year 2025-26 was estimated at Rs 9.8 lakh crore, or 62.3 per cent of the budget estimate for the full financial year, data released by the Controller General of Accounts on Wednesday showed.The data showed that the government has stepped up its capital expenditure on big-ticket infrastructure projects such as highways, ports, and railways to spur growth and create more jobs in the economy….
New Delhi, Dec 28 (IANS) The Finance Ministry has directed public sector banks and financial institutions, such as insurance companies, to promptly report vigilance-related matters concerning whole-time Directors on their boards.The directive from the Finance Ministry’s Department of Financial Services (DFS) states that omission of any significant information relevant for decisions relating to appointments, promotions, board-level postings, and placement of whole-time Directors is a matter of …