Post Tagged with: "finance ministry"

PSU banks disbursed around Rs 2.5 trillion in loans during October: Govt

PSU banks disbursed around Rs 2.5 trillion in loans during October: Govt

.story-content span,.story-content p,.story-content div{color:#000!important;font-family:‘open sans‘,Arial!important;font-size:15px!important} span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} State-owned banks disbursed around Rs 2.52 trillion worth of in October through loan melas, camps and other outreach initiatives, a statement said on Thursday. This follows an announcement by Finance Minister in September that banks would conduct such customer outreach initiatives as the government looks for various ways to boost liquidity and investment, […]

by November 22, 2019
Budget 2020: Govt to focus on tax incentives, private investments

Budget 2020: Govt to focus on tax incentives, private investments

The government is setting the tone for 2020-21 Union Budget with a clear focus on steps to encourage private investment, sources in the know said. If welfare schemes were at the centre of Budget-making in the past few years, private investment, economic growth, and tax incentives are expected to be the dominant themes now, they pointed out. The 2019-20 Budget, […]

by November 19, 2019
RBI cut rate by 110 bps since Apr, but borrowers gained little: BofA-ML

RBI cut rate by 110 bps since Apr, but borrowers gained little: BofA-ML

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} Despite the Reserve Bank making credit cheaper, lending rates are rising for borrowers after accounting for inflation and falling economic growth, a foreign brokerage said on Monday. The weighted average lending rate in the system is up 0.08 percent since April, economists at said in a report. Economic growth has fallen to a six-year-low of 5 percent in […]

by November 18, 2019
RBI‘s future surplus transfers to govt will depend on its net income: FM

RBI‘s future surplus transfers to govt will depend on its net income: FM

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} Finance Minister on Monday said transfer of surplus reserves from the Reserve Bank of India (RBI) to the government in future will depend on net income and other financial parameters of the central bank besides the recommendations of the expert committee on excess capital. The surplus distribution policy of is determined in accordance with section 47 of the […]

by November 18, 2019