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Infrastructure spending will draw the economy forward, says Nirmala Sitharaman

New Delhi, Sept. 11 -- Finance minister Nirmala Sitharaman on Friday said that public spending on infrastructure will be one of the key factors that will revive economic growth that has witnessed a sh... Read More


Andaman & Nicobar Islands, Gujarat lead in govt's startup ranking exercise

NEW DELHI, Sept. 11 -- Andaman and Nicobar Islands and Gujarat have emerged as best performers in the second edition of startup ranking of states. The Department for Promotion of Industry and Interna... Read More


Finance minister asks lenders to craft recast plans by 15 September

New Delhi, Sept. 11 -- The Union government on Thursday, 3 September, asked banks to prepare debt recast plans for pandemic-hit businesses by 15 September, with the sixmonth loan moratorium drawing to... Read More


PSBs must use tech to serve remote areas: FM

New delhi, Sept. 10 -- Finance minister Nirmala Sitharaman on Wednesday urged state-owned banks to not only remain focused on the core business of lending and earning money out of it, but also expand ... Read More


Banks must remain focused on core business of lending, says finance minister Nirmala Sitharaman

New Delhi, Sept. 9 -- Finance minister Nirmala Sitharaman said on Wednesday urged state-owned banks to remained focused on their core business-lending and earning money out of it-and expand its servic... Read More


'Clone trains' poised to boost railways revenue

New Delhi, Sept. 8 -- In a first, Indian Railways will soon run 'clone' or duplicate trains on high-demand routes for waitlisted passengers. The proposed step will not only ensure availability of on-d... Read More


Aim to take modal share of Railways' freight business to 40%: Piyush Goyal

NEW DELHI, Sept. 8 -- Indian Railways aims to increase the modal share of its freight business to 40%, Minister Piyush Goyal said on Tuesday, adding the national transporter is changing its work "cult... Read More


Railways to run 80 new trains from September 12

New Delhi, Sept. 5 -- Indian Railways on Tuesday said it will run another 80 special trains from September 12, in order to increase inter-state and intra-state mobility options for individuals. Reserv... Read More


India witnessing sharp V-shaped recovery, says finance ministry

NEW DELHI, Sept. 5 -- India's gross domestic product (GDP) contracted 23.9% year-on-year in the June quarter due to a stringent nationwide lockdown, but with easing of restrictions, the country is wit... Read More


FM tells lenders to prepare resolution plans by Sep 15

New Delhi, Sept. 4 -- The Union government on Thursday asked banks to prepare debt recast plans for pandemic-hit businesses by September 15, with the six-month loan moratorium drawing to an end. In a ... Read More