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More steps in offing to empower banks to recover bad loans: FM

Feb 12, 2016

More steps in offing to empower banks to recover bad loans: FM

Amid mounting NPAs of public sector banks, Finance Minister Arun Jaitley today said the government is considering more steps to empower banks to recover bad loans and the problem will be contained soon. #RBI #Arun Jaitley #Raghuram Rajan #NPA #PSU banks #bad loans #PSBs
#PachauriHatao: Why TERI refuses to sack its executive vice chairman and why it's important it does

Feb 12, 2016

#PachauriHatao: Why TERI refuses to sack its executive vice chairman and why it's important it does

Pachauri is in a tight spot and solely banking on support from the institute and its handpicked governing council. Given the seriousness of the charges, it would be better for TERI if it ends its long association with Pachauri right away. #World Bank #CriticalPoint #UN #Sexual harassment #RK pachauri #TERI #The Energy And Resources Institute
Trade and tourists: How impoverished but nuclear-armed North Korea raises funds

Feb 12, 2016

Trade and tourists: How impoverished but nuclear-armed North Korea raises funds

Here's a look at North Korea's economy and its external sources of income despite international sanctions over its nuclear and ballistic missiles programme. #ConnectTheDots #UN #South Korea #Seoul #North Korea #Pyongyang #Diamond Mountain #Korea Trade-Investment Promotion Agency #Kaesong Industrial Park #Bank of Korea
As global economy crawls, do not expect markets to return to normal soon

Feb 12, 2016

As global economy crawls, do not expect markets to return to normal soon

China and India have failed to change the course of the world economy as they are probably just holding on to their domestic growth #Rupee #US Fed #Deutsche Bank #Crude prices #Stock Markets #Janet Yellen #currency devaluation #decoupling #China's growth
Cost of the mayhem: Market crash burns a Rs 3.13 lakh cr hole in investors' pockets

Feb 12, 2016

Cost of the mayhem: Market crash burns a Rs 3.13 lakh cr hole in investors' pockets

Including today's fall, the Sensex has crashed a whopping 1,665.15 points, or 6.8 percent in four sessions this week #Sensex #nifty #FIIs #crude oil #Banking #Rupee #BSE #CNX
There is a good news in rising bank NPAs and for that Rajan should get the credit

Feb 12, 2016

There is a good news in rising bank NPAs and for that Rajan should get the credit

Even though it might cause pain in the immediate future, it’s good that banks are forthcoming in recognising bad loans, since this can help addressing the hidden rot in their books. #RBI #SBI #Raghuram Rajan #bad loans #PNB #PSU bank #PSBs #Gross NPAs
Followed norms while transferring money to Headley: IndusInd Bank

Feb 11, 2016

Followed norms while transferring money to Headley: IndusInd Bank

Private player IndusInd Bank today said it had followed all regulatory guidelines while handing over cash to the Pakistani-American Lashkar-e-Taiba (LeT) operative David Headley. #David Headley #IndusInd Bank #Dawood Gilani #Lashkar-e-Taiba (LeT) #MTSS #Nariman Point branch
PMO takes stock of postal department's progress on new proposals

Feb 10, 2016

PMO takes stock of postal department's progress on new proposals

DoP said GPS is being fitted in the outsourced and departmental vehicles to enable real-time tracking of parcel consignments. #PMO #Department of Posts #payment bank #Sovereign Gold Bonds #Sovereign Gold Bonds Scheme #Public Investment Board
Here is how PSU banks' bad loans burnt Rs 137,000 cr investor wealth in six months

Feb 10, 2016

Here is how PSU banks' bad loans burnt Rs 137,000 cr investor wealth in six months

Investor exit has wiped out aggregate market-cap of Rs 136,661 crore from a total of 23 listed PSU banking stocks in nearly six months period #Sensex #nifty #NPA #UCO Bank #bad loans #BSE Bankex #PNB #Finance Minister Arun Jaitley #Indradhanush #PSU banking stocks