Page 6 - Devendra Pant News Today

The government is considering mid-sized to small banks for its first round of privatisation to test the waters. In the coming years it could also look at some of the countrys bigger banks, , privatisation, india, bank of maharashtra, bank of india, indian overseas bank, central bank

The four banks on the shortlist are Bank of Maharashtra , Bank of India, Indian Overseas Bank and the Central Bank of India.

Bank of India among four banks shortlisted for potential privatisation: Report Premium Manoj Kumar, , Reuters The other three banks on the shortlist are Bank of Maharashtra, Indian Overseas Bank and the Central Bank of India, according to a report The govt is considering mid-sized to small banks for its first round of privatisation to test the waters Share Via Read Full Story Indias government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state asse...

The government is considering mid-sized to small banks for its first round of privatisation to test the waters.

(Representative image) NEW DELHI/MUMBAI: The government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources said. Privatisation of the banking sector, which is dominated by state-run behemoths with hundreds of thousands of employees, is politically risky because it could put jobs at risk but Prime Minister Narendra Modis administration aims to make a start with second-tier banks. The...

The Budget, with its emphasis on capital expenditure and infrastructure projects, is a boost for capex-related companies but this has been tempered by a reduction in overall government expenditure in FY22. The latter could dampen the pace of consumer demand in the next fiscal year and is negative for companies in the FMCG, consumer durables, and automotive sectors. Gross Budgetary support for capital expenditure is up 26.2 per cent in the Budget estimates for FY22 compared to the revised est...

Story Budget 2021: Focus more on growth recovery; fiscal deficit may come down to 6.2% in FY22, says IndRa The 2021-22 budget is likely to project a fiscal deficit of 6.2 per cent but that will be achievable if nominal growth comes in around 14 per cent and real growth prints in at 9.5-10 per cent, India Ratings Chief Economist Devendra Pant said PTI | January 29, 2021 | Updated 08:27 IST Union Finance Minister Nirmala Sitharaman Indian Union Budget 2021-22: The forthcoming Union Budget should...

Union Budget 2021 should focus on putting economy back on track, not on arresting fiscal deficit, says India Ratings The fiscal deficit falling to 6.2 percent will be achievable if nominal growth comes in around 14 percent and real growth at 9.5 to 10 percent, said India Ratings chief economist Devendra Pant Representational image. Mumbai: The forthcoming Union Budget should focus more on putting the economy back on track and not ...

Surabhi Mumbai | Updated on × The Centre’s subsidy bill for the current fiscal is likely to be higher than the budgeted ₹2.27-lakh crore by at least ₹40,000 crore, largely on account of higher spending on food and fertiliser. Data with the Comptroller General of Accounts (CGA) show that expenditure by the Department of Fertilisers touched 92 per cent of the budget estimate (BE) by November this fiscal, while spending by the Department of Food and Public Distribution has already exceeded ...

Besides positive growth indicators, India-Ra also credited the improving coronavirus situation in the country behind the faster economic recovery. However, the agency continues to question whether it will be possible to sustain the pace of recovery after the festive season.