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In an interview with Money9, Nilesh Shah highlighted the importance of financial planning and also expressed his views on the upcoming Budget.
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For a change, the Economic Survey advises RBI on NPA management calling for more limited usage of regulatory forbearance to be followed by prompt Asset Quality Review.
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Authored by a team led by Chief Economic Adviser KV Subramanian, the survey details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
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Mumbai: The Reserve Bank of India (RBI) has refuted reports of withdrawal of old series of Rs 100, Rs 10 and Rs 5 currency notes. “With regard to reports in certain sections of media on withdrawal of old series of Rs 100, Rs 10 & Rs 5 banknotes from circulation in near future, it is […]
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Mumbai: The country’s largest private sector lender HDFC Bank on January 16 reported a 14.36% jump in consolidated net profit to Rs 8,760 crore for the December quarter. At the standalone level, the net profit for the three-month period grew 18.09 per cent to Rs 8,758.29 crore. Its total income increased to Rs 37,522 crore […]
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New Delhi: The government on January 15 launched the third phase of its flagship skilling scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY 3.0) in a bid to empower the country’s youth with employable skills by making over 300 skill courses available to them. PMKVY 3.0 envisages training 8 lakh candidates over the scheme period of […]
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Virmani says big booster needed for economy to grow
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Finance Minister Nirmala Sitharaman will present the Union Budget 2021 in the Lok Sabha on February 1. Sitharaman, who will present her third and Narendra Modi-led NDA government’s eight consecutive budget, is expected to roll out a plan to revive India’s economy post the pandemic. Prior to the Budget, the Economic Survey of India will […]
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New Delhi: IT firm HCL Technologies on January 15 posted 31.1% rise in net profit at Rs 3,982 crore for the December 2020 quarter. The IT major had registered a net profit of Rs 3,037 crore in the October-December 2019 quarter (as per US GAAP). Its revenue grew 6.4 per cent to Rs 19,302 crore […]
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New Delhi: Former Reserve Bank of India (RBI) Governor Raghuram Rajan says the government should take advantage of the peaks in the Indian equity markets right now and sell stakes in PSUs while prioritising spending to get the economy back on track. The upcoming Budget for the fiscal year beginning April 1 should look to […]
