NPA crisis: Another year of woes in offing as ageing bad loans drag down banks' profits

NPA crisis: Another year of woes in offing as ageing bad loans drag down banks' profits

With more non-performing assets (NPAs) ‘ageing’, and consequently requiring more provisions, banks’ profits could continue to be under pressure for another year.

PM Narendra Modi's Ujjwala Yojana makes rapid progress; here's what you really must know
PM Narendra Modi's Ujjwala Yojana makes rapid progress; here's what you really must know

Prime Minister Narendra Modi launched the Pradhan Mantri Ujjwala Yojana (PMUY) under the ministry of petroleum & natural gas on May 1, 2016, from Uttar Pradesh’s Ballia district.

PM Narendra Modi four nations tour: 10 things India can expect from his visit to Germany, Russia, Spain and France
PM Narendra Modi four nations tour: 10 things India can expect from his visit to Germany, Russia, Spain and France

Prime Minister Narendra Modi will begin his six-day four-nation tour of Germany, Spain, Russia and France from today.

ASUS Zenfone Live priced at Rs 9,999; beautify yourself as you go live
ASUS Zenfone Live priced at Rs 9,999; beautify yourself as you go live

ZenFone Live’s all-new BeautyLive app integrates seamlessly with Facebook, Instagram and YouTube for live-streaming beautification.

Managing debt: How to pay off credit card debt
Managing debt: How to pay off credit card debt

Credit cards are often described as a debt trap when used uncontrollably, whereas if used smartly, it could provide you free credit for certain period of time.

Britain's Heathrow says British Airways still experiencing some disruptions
Britain's Heathrow says British Airways still experiencing some disruptions

London's Heathrow Airport said early on Monday that there were still some disruptions to British Airways flights from the airport following a global computer system failure at the airline.

HRA exemption: Can deduction be claimed if rent paid to parent? Find out here
HRA exemption: Can deduction be claimed if rent paid to parent? Find out here

As per the provisions of Income-tax Act, 1961, HRA exemption can be claimed only if the rent is actually paid for the accommodation occupied by you and you should not be the owner/partial owner of the property.

TECHNOLOGY

Apple opens first official store in South East Asia
Apple opens first official store in South East Asia

Merchandise such as the iPhone and MacBook were strategically placed on display across the spacious first floor, while the upper level acted as a classroom for customers to participate in hands-on sessions. Hundreds of shoppers camped out in anticipation of the launch, while more than a thousand thronged the store soon after the doors opened.

Horoscope: By Peter Vidal

Today ( 29 May )This Week ( 28 May - 03 Jun )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more