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PSBs write off rRs.r12 lakh crore since FY16, NPAs drop to 2.58%

New Delhi, July 23 -- Public sector banks (PSBs) have written off over Rs.12 lakh crore worth of loans since 2015-16, even as they saw their gross non-performing asset (NPA) ratio plunged from 9.11% o... Read More


Parliamentary panel suggests unambiguous income-tax rebate provisions

New Delhi, July 22 -- A parliamentary panel on Monday suggested that the government make income-tax rebate provisions unambiguous and spare small taxpayers from mandatorily filing returns to claim ref... Read More


Indian team in US next week for trade talks

New Delhi, July 11 -- India and the US may soon initiate phase two of their trade talks to conclude the first tranche of a proposed bilateral trade agreement, covering sectors such as services, rules ... Read More


'Won't rush on trade deal to meet deadline'

New Delhi, July 5 -- India will not hurry into signing a free trade agreement under pressure from any deadline, commerce minister Piyush Goyal said on Friday, when asked whether a deal could be reache... Read More


rRs.r95k cr surplus likely in GST compensation fund

New Delhi, June 27 -- The Goods and Services Tax (GST) compensation fund may have about Rs.95,000 crore as surplus at the end of its extended tenure on March 31, 2026, even after paying in full dues o... Read More


Modi 3.0: Charting a disciplined path to sustain growth, manage fisc

New Delhi, June 6 -- Prime Minister Narendra Modi started his third term on June 10, 2024 by signing the release of Rs.20,000 crore to 93 million farmers under PM Kisan Nidhi Yojana. The budget for 20... Read More


India opposes ADB's $800mn loan to Pakistan

New Delhi, June 5 -- India opposed a move by the Asian Development Bank (ADB) to grant a $800 million loan to Pakistan citing evidence of Islamabad diverting development funds for military use, and ca... Read More


India opposes IMF $2.3 billion bailout package to Pakistan, abstains from voting

New Delhi, May 10 -- India on Friday contested the International Monetary Fund's (IMF) decision to provide a $2.3 billion bailout package to Pakistan, citing its poor track record of misusing developm... Read More