A bad bank can act as an aggregator of all stressed assets in the system and work towards the resolution of these assets whereas banks can focus on business.from Top Business News- News18.com
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A bad bank can act as an aggregator of all stressed assets in the system and work towards the resolution of these assets whereas banks can focus on business.
The government has taken several steps to support and revive the economy such as introducing labour reforms, production-linked incentives, and relief packages particularly for the MSMEs.
Oil prices edged higher on Monday after a weak start, holding on to the past three months of gains, although patchy coronavirus vaccine rollouts, new infections and the discovery of new variants are keeping a lid on prices.
Sitharaman had earlier this month stated that the budget for the fiscal year beginning April will be "like never before". Here are details on when and where to watch the Union Budget 2021.
The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks forward to boosting demand.
Due to the pandemic adversely hitting business and jobs, personal and corporate income has taken a severe beating. Banks are facing a fresh onslaught of non-performing assets (NPAs) in unsecured loans, MSMEs and services sector.
Last week, BSE Sensex slipped 2,592.77 points or 5.3 percent to end at 46,285.77 and while the Nifty50 fell 737.3 points or 5 percent to finish at 13,634.60 levels.
Asian shares tried to rally on Monday as Wall Street continued to struggle with doubts about vaccine rollouts and economic recovery, while silver surged as newly empowered retail investors turned speculative eyes to precious metals.
Sitharaman's team will navigate often competing, multiple demands from various sectors, citizens, and stakeholders to provide a probable balm in these Covid times.
The third one in two years for Finance Minister Nirmala Sitharaman, this budget aims to pave way for India's economic path after what the Economic Survey termed a 'once in a century crisis’.
The government may reduce the tax burden to push more demand by ensuring more disposable income. This is aimed to be done through tax proposals to incentivise the new tax regime rather than any major overhaul in the income tax slabs.
Asian shares wavered on Monday amid worries that problems with vaccine rollouts combined with new strains of COVID19 will delay a global economic recovery that has already been baked into the market's rich valuations.
The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter.
PGCIL has been declared as the successful bidder under tariff-based competitive bidding to establish two transmission systems, the company said in a BSE filing.
The six-member MPC headed by RBI Governor is scheduled to meet for three days starting February 3. The resolution meeting would be announced on February 5.
Quarterly earnings of HDFC, Adani Power, Hero MotoCorp and M&M would remain in focus this week. The Economic Survey 2020-21 was tabled in the Lok Sabha on Friday.
While various economic packages and reforms announced by the government in 2020 had kept the economy afloat, Budget 2021 is also being looked upon as a watershed event that is expected to lift and give an impetus to the Indian economy.
Dubai's house prices are expected to fall at a slower pace this year and next than previously thought as hopes for a successful vaccine rollout and an economic recovery boost confidence in the sector, a Reuters poll showed.
Billionaire investor Steve Cohen, seen by small investors as an enemy in the GameStop stock drama this week, deleted his Twitter account because of what he said were threats against him and his family, a spokeswoman said on Saturday.