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Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks

Jul 03, 2015

Zoom Developers' saga shows collateral safety is a myth; banks are sitting ducks

Jaitley should hurry on legislating a bankruptcy law; it is critical for the recovery of bank loans in many similar cases #RBI #finance ministry #Vijay Mallya #Loan recovery #Bankruptcy law #Zoom Developers #wilful defaulter #Bank NPAs #Vijay Choudhary
More than its value: RTI query reveals cost of printing a one-rupee note is Rs 1.14

Jul 02, 2015

More than its value: RTI query reveals cost of printing a one-rupee note is Rs 1.14

The cost of printing one rupee note, which was recently re-introduced after a gap of 20 years, is Rs 1.14, more than its value, an RTI query has revealed. #finance ministry #Rupee #One #RBI Governor
Parliament's monsoon session will not be disrupted over Lalit Modi row, says Arun Jaitley

Jul 02, 2015

Parliament's monsoon session will not be disrupted over Lalit Modi row, says Arun Jaitley

Finance Minister Arun Jaitley on Thursday brushed aside concerns of Parliament's upcoming monsoon session being disrupted over the Lalit Modi controversy #Finance minister #Congress #BJP #sushma swaraj #NewsTracker #Lalit Modi #Arun Jaitley #Goods and Services Tax #Monsoon session #Land Acquisition Bill #Vasundhara Raje
Public bank shares rise up to 6% on hopes govt will infuse more funds

Jul 01, 2015

Public bank shares rise up to 6% on hopes govt will infuse more funds

PSU banking shares rise over 4-5 percent as against 1.2 percent upmove in BSE Bankex #PSU banks #bad loans #BSE Bankex #Jayant Sinha #minister of finance
Greece won't pay  its IMF debt due today, says French minister

Jun 30, 2015

Greece won't pay its IMF debt due today, says French minister

Greece will not pay a 1.6 billion euro debt installment to the International Monetary Fund due on Tuesday, but Athens still holds out hope of a last-minute deal with creditors on an aid package, Finance Minister Yanis Varoufakis said. #Finance minister #Greece #International Monetary Fund #Athens #Aid #Yanis Varoufakis
Greek crisis: Finance ministry fears capital outflows, in touch with RBI

Jun 29, 2015

Greek crisis: Finance ministry fears capital outflows, in touch with RBI

Commenting on the impact of Greek debt crisis on India, commerce secretary Rajeev Kher said it will not have much impact on India's export. #Economy #RBI #NewsTracker #Greece #ASSOCHAM #European Union #Euro #Arvind Subramanian #Ministry of Finance #Alexis Tsipras #Rajiv Mehrishi
Here's how Income Tax Act encourages people to speculate in real estate

Jun 26, 2015

Here's how Income Tax Act encourages people to speculate in real estate

One of the well kept secrets of the Income Tax Act is that it encourages people to speculate in real estate. #HowThisWorks #Tax #Income tax #Home loan #Personal finance #Real estate
Fulfilling 100 smart city dream: Here is a workable but controversial solution

Jun 25, 2015

Fulfilling 100 smart city dream: Here is a workable but controversial solution

There is an element of skepticism when it comes to building our cities. While creating new ones is laudable, we never get down to maintaining what we have. #Economy #HowThisWorks #GDP #smart cities #Finance Commission #JNNURM projects
High drama in Delhi Assembly: 3 BJP MLAs create uproar, marshalled out of House

Jun 25, 2015

High drama in Delhi Assembly: 3 BJP MLAs create uproar, marshalled out of House

Delhi Assembly witnessed high drama as the three-BJP-MLA opposition created an uproar over tabling of the Fourth Delhi Finance Commission report. #Politics #Delhi #NewsTracker #Arvind Kejriwal #Manish Sisodia #Delhi Assembly #Aam Aadmi Party #AAP #Delhi CM #BJP MLAs #Delhi Finance Commission Report
Finance ministry assessing capital requirement of public sector banks

Jun 24, 2015

Finance ministry assessing capital requirement of public sector banks

The total government support provided to public sector banks towards capitalisation during the past four years was Rs 58,634 crore. #finance ministry #Arun Jaitley #Allahabad Bank #Punjab National Bank #IDBI Bank #UCO Bank #United Bank of India #Oriental Bank of Commerce #Punjab & Sindh Bank