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Banks Wrote-off Rs 1.15 Lakh Crore in First Three Quarters of FY21: Anurag Thakur


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. ....

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High-Level Inter-Ministerial Committee Formed To Accept Cryptocurrency As Legal Tender: Anurag Thakur


A legislative proposal may be presented based on recommendations of the Committee
Amid reports of the rising presence of bitcoins and other forms of virtual currencies in India, Minister of State for Finance and Corporate Affairs Anurag Thakur on Saturday said the government has formed a High-Level Inter-Ministerial Committee to look into cryptocurrency, and based on its recommendations the government may present a legislative proposal in Parliament. Blockchain is a new emerging technology. Cryptocurrency is a form of digital currency. I firmly believe that we must always evaluate, explore and encourage new ideas with an open mind, said the MoS while answering a media query about cryptocurrency at an event in Punjab. ....

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