The Finance Ministry clarified on Saturday that there is no restriction or ban on filling posts in the Government of India, a day after it issued an order prohibiting the creation of new posts in central ministries, with a view to alleviating pressure on government resources due to the current …
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Congressional Top Leader P Chidambaram on Saturday criticized the government’s response to the coronavirus pandemic in the country as he predicted that the infection count in India could touch the 6.5 million mark by the end of September. “He had predicted that the total number of infections would reach 55 …
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Following a push from the Ministry of Finance, Indian public sector lenders, led by the State Bank of India, are preparing the list of all defaulters who had given their personal guarantees while taking loans and defaulted, resulting in bankruptcy proceedings. According to the council, the personal guarantees of all …
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Finance Minister Nirmala Sitharaman and the Supreme Court separately offered much-needed respite to bank borrowers on Thursday, intervening to prevent stress loans from damaging their creditworthiness, two days after the expiration of a moratorium on repayments. of loans needed by the coronavirus disease (COVID-19 pandemic. The superior court approved an …
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Finance Minister Nirmala Sitharaman on Thursday told banks to set up loan restructuring schemes by September 15 to rescue all viable business units affected by the Covid-19 pandemic. She was holding a review meeting with the heads of scheduled commercial banks and non-bank finance companies (NBFCs) via video conference. Top …
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Written by Aanchal magazine, Liz Mathew | New Delhi | Updated: September 2, 2020 10:17:32 am The states ruled by the Center and the Opposition are in conflict over the financing of the GST deficit of Rs 2.35 million lakh in the current fiscal year. (File photo) REJECTING the Center’s …
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File photo of the leader of Congress, P Chidambaram. One day after a 24% drop in GDP signaled India’s worst economic contraction on record, Chidambaram confronted Sitharaman for his “act of God” comment, calling it a man-made disaster. News18.com New Delhi Last update: September 1, 2020 8:30 pm IST FOLLOW …
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Congressional leader Rahul Gandhi released the first part of his video series on Monday attacking the Modi government over the “economic tragedy facing the country for the first time in 40 years.” He launched an attack on the Center saying that “asatyagrahi” (someone who has no interest in seeking the …
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The uncontrolled spread of the coronavirus pandemic across the country has put India’s economy, society and politics under unprecedented strain. A glimpse of the scale of the economic destruction caused was revealed at the 41st meeting of the GST (Goods and Services Tax) Council, where the deficit in compensation payment …
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Congressional Senior Leader P Chidambaram wears a mask in Parliament during the Budget Session, March 19, 2020. (PTI Photo / Vijay Verma) If the pandemic is an ‘act of God’, how do we describe the mismanagement of the economy during 2017-18, 2018-19 and 2019-20, asked former Finance Minister P Chidambaram. …
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