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Punjab govt to waive farm loans worth Rs 1,186 cr of 1.13 lakh farmers
The Punjab government has announced to waive farm loans worth Rs 1,186 crore of 1.13 lakh farmers and Rs 526 crore of landless farmers in 2021-22. The announcement was made by state s Finance Minister Manpreet Singh in the Assembly.
Badal presented the state budget with an outlay of Rs 1,68,015 crore for financial year 2021-22 in the state assembly. This is the last budget of the Amarinder Singh-led government. The assembly elections are due early next year.
The Finance minister proposed in the Budget to raise old age pension from Rs 750 to Rs 1,500 per month. He also announced an increase in the amount under the Shagun scheme from Rs 21,000 to Rs 51,000.
Fraudulent loans cannot be sold to bad bank: RBI
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The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by public sector banks. This would mean that a big chunk of sticky loans would continue to remain on the books of banks.
(This story originally appeared in on Mar 08, 2021)MUMBAI: The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by public sector banks. This would mean that a big chunk of sticky loans would continue to remain on the books of banks.
Investment Week is hosting its Alternatives Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of alternatives managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment for their portfolios and explain the role their strategies could play in helping diversify client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points.
The stimulus bill working its way through Congress would end the policy of taxing borrowers’ forgiven student debt. That could save some people up to $10,000.
DCW jumped 8.16% to Rs 30.5 after the specialty chemical maker announced that it has completed refinancing its debt with the issuance of non-convertible debentures and optionally convertible debentures.In an exchange filing during market hours today, DCW said that it has completed the refinancing of its debt with the issuance of NCDs (non-convertible debentures) amounting Rs 350 crore and OCDs (optionally convertible debentures) to be converted into equity within 18 months, amounting to Rs 60 crore.
DCW said it will utilise the funds in refinancing the existing term loans and augment working capital. The company expects this fundraise to enhance capacity utilization, and meet increasing product demand. These NCD s carry a moratorium of 18 months and a tenure of six years.