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The government borrowing programme is expected to be finished in 26 weekly instalments of Rs 31,000-39,000 crore each

PSB Announces Have Written-off ₹91,000 Crore In 9 Months Of FY23

Banking & Finance

Another set of data underlined the PSBs managed to recover a little over Rs 1 out of Rs 5 in written-off accounts for the financial year 2022, picking up a pace of recovery from around 8 per cent in 2017-18 to a little over 21 per cent in FY22

Centre Imposes Anti Money laundering Provisions On Cryptocurrencies

Following this notification, the Indian crypto exchanges will have to report suspicious activity to the Financial Intelligence Unit India

Sitharaman Meets Leaders From Several Countries Ahead Of G20 Finance Meet In Bengaluru

The first G20 Finance Ministers and Central Bank Governors meeting is scheduled to be held between 24 to 25 February in Karnataka’s state capital

Despite Global Headwinds, Economy To Grow At 7%: Finance Ministry Data

According to the data, measures announced in the union budget such as increased capital expenditure, increased focus on infrastructure development, a boost to the green economy, and initiatives to strengthen financial markets are expected to promote job creation and spur economic growth

Healthcare Budget Advances By 3.4 %, Major Schemes See Downfall In Allocation

Shivam Tyagi

The overall budget outlay given to the Ministry of Health and Family Welfare has increased by 3.42 per cent against Rs 86,200 crores given in the FY2021-22. While the health research corpus dipped by 6.8 per cent from Rs 3,200 crores in the FY22-23, a contraction of Rs 220 crores

Quarantining Of Ministers Begins In Preparation For Budget Filing

During this quarantine period, no visitors are allowed in the North Block. If permitted to meet any minister, they will be escorted by security personnel

FinMin Meets Private Sector Lenders To Assess Status Of Major Schemes

Banking & Finance

Joshi met with the leaders of public sector banks last week and pushed them to meet the goals set forth by various programmes for the current fiscal year

Kerala FM Pins Hope On Union Budget For More Fund Allocation

The minister said that more infrastructural funds and allocations are expected towards railways from the government this time and the deficit concern is already addressed in the budgetary allocations for the state

India's External Debt Declines By $2.3 Bn In Second Quarter Of FY23

The US dollar remained the largest component of India's external debt, accounting for 55.5 per cent at the end of September 2022, followed by the Indian rupee, Special Drawing Rights, yen and euro

Committed To Macroeconomic, Financial Stability Despite Global Headwinds: Centre

The current state of the world economy is extremely unstable due to factors such as Ukraine crisis, the response of the financial and commodity markets to shifting conditions and tight monetary policy

Govt Seeks To Expand Non-cash Payment Options To Support Digital Economy

The government and Reserve Bank of India (RBI) have taken steps to support a less cash-dependent economy and boost digital payment

Govt To Shorten Time For Patent Applications Approval: Sitharaman

Center is working to further shorten the time it takes to approve patent applications, which had previously reduced from 72 months to 12-24 months

Rs 10.09 lakh Cr Loans Written Off In Last Five Financial Years: FM Sitharaman

She further acknowledged that as per guidelines by RBI which are approved by banks' boards, NPAs including the ones which have completed the four-year provision were discarded from the bank's balance sheet

Union Budget 2023-24 May See Announcement Of GST Appellate Tribunal