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Feb 16, 2019, 02.53 AM IST

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Finance Ministry on course to meet NPA recovery target

Finance Ministry sources said big ticket recoveries were due this month or in March from Essar Steel and Bhushan Power & Steel which together can fetch over Rs 60,000 crore.

NPA under Mudra Yojana stands at Rs 7,277 crore

Loans under PMMY can be covered under Credit Guarantee Fund for Micro Units (CGFMU), Minister of State for Finance Shiv Pratap Shukla said.

95% real estate companies outside the income tax net, finds CAG

These companies either do not have any permanent account number (PAN) or the RoC did not have any information in this regard.

Finance Ministry spent Rs 1,157 crore extra in 2017-18 without obtaining prior approval: CAG

PAC noted that these serious lapses are a pointer towards faulty budget estimation and deficient observances of financial rules by the departments concerned.

Cash in circulation now more than pre-demonetisation level

The acceleration of CIC since late-2017 has resulted in leakage of liquidity from the banking system.

EXIM bank to appoint "strategic" consultant to relook business: MD

The bank also plans to raise around USD two billion during the current year, Export-Import Bank of India, managing director, David Rasquinha said.

View: Overestimating revenue flows pushing India's budget gap wider

India is set to miss its fiscal deficit targets for a second year, seen as credit negative by ratings firms.

Hiring, production outlook to improve in manufacturing sector in Q3: Survey

Ficci's latest Quarterly Survey on Manufacturing presents a better outlook for hiring and production, the industry body said in a statement.

Finance Ministry seeks transfer of Rs 27,380 cr from RBI retained towards risks, reserves

The ministry has requested the RBI to provide an interim surplus for the current fiscal

Angel tax exemption may be hiked to Rs 25 crore

Angel tax is a term used to refer to the income tax payable on capital raised by unlisted companies via issue of shares.

RBI should offer digi-payment licences on-tap, says industry

RBI should offer digi-payment licences on-tap, says industry

Firms seek access to Aadhaar database for faster e-KYC and also want RBI to speed up the process for a centralised KYC mechanism.

Direct Tax mop up in Apr-Jan at Rs 7.89 lakh cr

Direct Tax mop up in Apr-Jan at Rs 7.89 lakh cr

In the revised estimates for current fiscal, the government has pegged direct tax collection at Rs 12 lakh crore.

West Bengal received Rs 2.84 lakh crore biz proposals from summit: Mamata Banerjee

West Bengal received Rs 2.84 lakh crore biz proposals from summit: Mamata Banerjee

Terming the state's showpiece annual industry event as a "remarkable success", Banerjee said that West Bengal was the safest and warmest place to invest in the country.

Auto loans likely to face downside risks on weak CV demand

Auto loans likely to face downside risks on weak CV demand

Currency depreciation would increase the country's fuel prices and that would hurt the operating margins of truck owners.

Bengal bags over Rs 2.84 lakh crore of investment proposals: Mamata Banerjee

Bengal bags over Rs 2.84 lakh crore of investment proposals: Mamata Banerjee

"Till now, whatever we have counted, the investment proposals received during this summit were Rs 2,84,288 crore," she said.

27-year-old rule changed: Disclosure limit on MF, stock investment up for bureaucrats

27-year-old rule changed: Disclosure limit on MF, stock investment up for bureaucrats

Group A and B officials had to intimate government if total transaction in shares or MFs exceeded Rs 50K.

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