Search For "public sector"
Stir against DCI privatisation enters 37th day
Updated : 8 years, 2 months ago IST
Visakhapatnam (Andhra Pradesh) [India] January 3 (ANI): The agitation by the employees of the public sector Dredging Corporation of India (DCI) here against the proposed 100 percent strategic sale of equity has entered its 37th day.
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Finance Ministry to issue recapitalisation bonds to PSBs in Jan
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 26 (ANI): The Ministry of Finance is likely to issue the first tranche of recapitalisation bonds to public sector banks (PSB) in early January, official sources from the ministry have confirmed.
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No question of closing down any bank, says DFS Secretary
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 22 (ANI): There is no question of closing down any bank, rather the government is looking to strengthen the Public Sector Banks (PSB), Rajeev Kumar, Secretary Department of Financial Services (DFS), Ministry of Finance said on Friday.
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PCA framework not intended to constrain normal banking operations, says RB
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 22 (ANI): The Reserve Bank of India (RBI) on Friday clarified that the Prompt Corrective Action (PCA) framework is not intended to constrain normal operations of the banks for the general public.
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Economists push for fiscal consolidation, tax reforms in pre budget meet
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 11 (ANI): Leading economists of the country suggested a range of measures including those for fiscal consolidation, tax reforms, disinvestment of Public Sector Units (PSUs), lowering of corporate tax at the Pre Budget consultation meeting with the Union Finance Mini
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FRDI bill to be more depositor friendly, clarifies Govt
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 7 (ANI): The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) is far more depositor friendly than many other jurisdictions which provide for statutory bail-in, where consent of creditors / depositors is not required for bail-in, the Ministry of Financ
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Loan waiver to capitalist is a rumor, says Jaitley
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 28 (ANI): Union Finance Minister Arun Jaitley on Tuesday refuted to rumors against the government waiving off any loans of big NPA defaulters.
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Cabinet approves wage policy framework for CPSE workers
Updated : 8 years, 4 months ago IST
New Delhi [India], November 22 (ANI): The Union Cabinet on Wednesday approved the wage policy for the 8th round of wage negotiations for workmen in the Central Public Sector Enterprises (CPSEs).
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Upward pressure on bond yields expected owing to moderation in FII inflows
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 8 (ANI): A notification from ICRA on Wednesday revealed that an upward pressure on bond yields is expected; owing to continuing concerns regarding a potential fiscal slippage at the Union Government level and a moderation in FII inflows into debt coupled with other fa
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Design of recapitalisation process critical: Former RBI Governor
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 4 (ANI): In the wake of the Rs 2.11 lakh crore-worth public sector bank recapitalisation plan that was announced recently by Union Finance Minister Arun Jaitley, former Reserve Bank of India (RBI) Governor Dr. Y.V. Reddy dubbed the design of the plan to be "critical".
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Andhra gets human milk bank
Updated : 8 years, 4 months ago IST
Hyderabad (Andhra Pradesh) [India], November 1 (ANI): Telangana's first human milk bank in the public sector was inaugurated on Wednesday at the state-run Niloufer Hospital in Hyderabad.
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Market mop up may exceed Rs 58,000 cr: ASSOCHAM
Updated : 8 years, 4 months ago IST
New Delhi [India], October 29 (ANI): In the wake of the recent government announcement on capital infusion for public sector banks (PSBs), dilution of government equity up to 52 per cent in the state-owned lenders can fetch valuation much higher than the estimated potential of Rs 58,000 cror
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