10 March 2021
Security personnel stand guard at the International Airport in Calcutta, in February 2006, amid a nationwide strike by airport employees against the privatisation of the Delhi and Mumbai airports. Bikas Das/AP Photo
Security personnel stand guard at the International Airport in Calcutta, in February 2006, amid a nationwide strike by airport employees against the privatisation of the Delhi and Mumbai airports. Bikas Das/AP Photo
Anand Teltumbde, a professor and writer, is currently incarcerated in the Taloja prison in Maharashtra, under the Unlawful Activities (Prevention) Act. He is awaiting trial in what is broadly termed the Bhima Koregaon case.
The ongoing debate on the Narendra Modi government’s programme to privatise public sector enterprises, or PSEs, has a certain ring of déjà vu. The proponents of privatisation argue, in support of the government, that private sector has always been more efficient than the public sector. Unbe
Banks Wrote-off Rs 1.15 Lakh Crore in First Three Quarters of FY21: Anurag Thakur
Minister of state for finance Anurag Singh Thakur also told the Lok Sabha that non-performing assets of banks have declined because of the government s strategy of recognition, resolution, recapitalisation and reforms.
Minister of State for Finance Anurag Thakur speaks in Lok Sabha during the ongoing Monsoon Session of Parliament, amid the coronavirus pandemic, in New Delhi, Friday, Sept. 18, 2020. Photo: PTI
Government09/Mar/2021
New Delhi: Banks have written off bad loans to the tune of Rs 1.15 lakh crore during the first three-quarters of the current fiscal, the Lok Sabha was informed on Monday.
Bad Loans To Rise At Banks As Easy Liquidity May Tighten: Fitch Fitch sees high risk of a protracted deterioration in asset quality with more pressure on loans to retail and stressed small and medium-sized firms.
Updated: March 08, 2021 3:01 pm IST
Bad loans and credit costs are expected to rise at Indian banks as easy money policies to shore up a pandemic-battered economy may start to tighten, Fitch Ratings said on Monday.
The coronavirus lockdowns last year slammed an already struggling financial sector, but recent quarterly reports have shown an improvement in profits and asset quality.
Noting that the recent improvement masked underlying pandemic stress, Fitch said banks would increasingly feel the pinch from the continued impact on small businesses and rising unemployment.
The accused have been arrested in relation to a money-laundering probe linked to an alleged fraud of over Rs 71 crore in a Pune-based cooperative bank promoted by them
They were placed under arrest, under sections of the Prevention of Money Laundering Act (PMLA), on March 6 at the Yerawada Jail in Pune where they were lodged in judicial custody in the fraud case. The case is also being probed by the local police, the Enforcement Directorate (ED) said.