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›Banks' NPAs decline to Rs 8.08 lakh crore in September 2020 from Rs 10.36 lakh crore in March 2018: Govt Banks' NPAs decline to Rs 8.08 lakh crore in September 2020 from Rs 10.36 lakh crore in March 2018: Govt SECTIONS Banks' NPAs decline to Rs 8.08 lakh crore in September 2020 from Rs 10.36 lakh crore in March 2018: GovtPTI Last Updated: Feb 02, 2021, 02:31 PM IST Share Synopsis As a result of the AQR and subsequent transparent recognition by banks, stressed accounts were reclassified as NPAs and expected losses on stressed loans not provided for earlier under flexibility given to restruc...

Union Budget 2021: Inadequate allocation for skilling, digital learning a concern Despite the government’s stress on NEP, a 6.1 percent drop in total allocation for the Ministry of Education is considered baffling for the sector’s premier stakeholders February 03, 2021 / 01:21 PM IST At a time when the government is planning to formally begin the implementation of the National Education Policy (NEP), 2020, with specific emphasis on upskilling and digital learning, the education sector was expecting a big increase in budgetary allocation this year, as compared to the previous budget. I...

‘Grants for State Discoms will no longer be universal, but subject to milestones achieved’ February 02, 2021 × Somanathan explained why variation from Revised Estimate (RE) of previous Budget to Budget Estimate (BE) of FY21-22 is very small and when seen BE to BE, it is very big Niramala Sitharaman’s Budget proposals are more giving than taking — expenditure oriented. Expenditure Secretary TV Somanathan has played a key role in this. In conversation with BusinessLine, Somanathan explained why variation from Revised Estimate (RE) of previous Budget to Budget Estimate (BE) of FY21-22 ...

Budget 2021: Govt pegs gross market borrowing at Rs 12.05 lakh crore for FY22 Hard-pressed for funds to combat rising coronavirus infections, the government in May increased its market borrowing programme for the current financial year by more than 50 percent to Rs 12 lakh crore. PTI Representative image The government will borrow Rs 12.05 lakh crore from the market in 2021-22, lower than the Rs 12.80 lakh crore estimated for the current financial year. According to the Revised Estimate, the gross borrowing for the current financial year was raised...

Health care, the foremost agendum of Finance Minister Nirmala Sitha­raman’s Budget speech, saw an allocation of Rs 223,846 crore —an increase of around 118 per cent over the Revised Estimate — to cover “health and wellbeing” with a large chunk, Rs 35,000 crore, going tow­ards Covid-19 vaccination, a move widely cheered by the industry. “The investment in health infrastructure in this Budget has increased substantially. Progressively, as institutions absorb more, we shall commit more,” the finance minister said. Adar Poonawalla of Serum Institute of India, the maker of Covis...