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    3. fe bureau

    FE Bureau

    The number of sanctioned posts at the bank was 2.47 lakh. Punjab National Bank (PNB) and Central Bank of India followed, with 6,743 and 6,295 vacant posts respectively.
    PSBs had over 41,000 vacant positions as on December 1: FM in Parliament

    In her statement, Sitharaman said that as per inputs received from PSBs, as on December 1, 2021, 95% staff is…

    By FE Bureau
    December 16, 2021 06:15 IST
    Under the scheme, the government will extend financial support of up to 50% of project cost for at least two semiconductor and two display fabs, for a minimum of six years. For others, like compound semiconductors, sensor fabs, etc, a fiscal support of 30% will be offered and at least 15 such units are expected to be established in the country.
    Chip manufacturing gets Rs 76,000-crore incentive boost

    Further, since semiconductors and display manufacturing is a very complex and technology-intensive sector involving huge capital investments, high risk, long…

    By FE Bureau
    Updated: December 16, 2021 10:06 IST
    The WTO rules allow domestic market support for any commodity, including sugar and sugarcane, wherein the government can give market support up to 10% of the value of the commodity.
    WTO ruling unlikely to impact India’s sugar exports

    The panel, however, did not uphold an allegation by Australia that India had maintained buffer sugar stocks, which it should…

    By FE Bureau
    December 16, 2021 03:00 IST
    A Tea Board of India official said, even as the subsidy has been stopped, the government has provided market access assistance under the guidelines for tea development and promotion, aiming greater foreign exchange earnings from tea.
    Large tea planters jittery over govt’s replantation subsidy removal

    The autumn flush, harvested during November-December in Assam has also been lost this year, B. Barkatkoty, advisor North Eastern Tea…

    By FE Bureau
    December 16, 2021 01:35 IST
    Further, ground water component of HKKP, approved provisionally for 2021-22, targets creation of irrigation potential of 1.52 lakh hectare.
    Irrigation scheme to cost Rs 93k cr between 2021-26, central aid to states at Rs 37.5k crore

    Launched in 2015, PMKSY is an umbrella scheme, providing central grants to the state governments for Accelerated Irrigation Benefits Programme…

    By FE Bureau
    December 16, 2021 01:30 IST
    More than 9 GW of large hydro projects are under construction at present, and another 26 GW of these are expected to be added by 2030.
    Renewables project acquisitions rise 300% to $6 billion in 2021: Study

    The upswing in 2021 is marked by Adani Green Energy’s acquisition of SB Energy’s 4,954 mega-watt (MW) of renewable energy…

    By FE Bureau
    December 16, 2021 01:00 IST
    This was the first such high-level meeting between leaders and experts from the farm sector and the finance ministry since the repeal of the three contentious farm laws late last month.
    Pre-Budget meet: Farm leaders call for MSP determination based on realistic costs

    Farmer leaders are now demanding that the MSP-based procurement drive be legalised and its coverage substantially widened.

    By FE Bureau
    December 16, 2021 00:30 IST
    Amundi also said the IPO would be achieved on the Indian stock markets in 2022, subject to regulatory approvals and market conditions. Currently, SBI holds a 62.6% stake in SBI FMPL, Amundi holds 36.8% and 0.6% stake is held by the staff.
    SBI plans to list mutual fund arm in 2022

    The lender is planning to offload 6% of its stake in the mutual fund arm, while Amundi is likely to…

    By FE Bureau
    December 16, 2021 00:15 IST
    Ahead of the listing, shares of the company commanded a premium of Rs 40-45 in the grey market. Analysts expected a muted or moderate debut amid the grey market premium declining ahead of the listing.
    Anand Rathi Wealth lists at 9% premium over issue price

    The stock closed at Rs 583.50, up 6.09% with a market capitalisation of Rs 2,428.31 crore.

    By FE Bureau
    December 15, 2021 10:27 IST
    DPE to seek Cabinet approval for privatisation of non-strategic PSUs

    After the Cabinet approval, the department of investment and public asset management (Dipam) will execute the disinvestment process of the…

    By FE Bureau
    December 15, 2021 10:21 IST
    For CICs, risk threshold 1 will be breached if the adjusted net worth/ aggregate risk weighted assets slips up to 600 bps below the regulatory minimum, if the leverage ratio is more than or equal to 2.5 times but less than three times, and if the NNPA ratio is higher than 6% but less than or equal to 9%.
    RBI issues prompt corrective action framework for NBFCs

    or CICs, risk threshold 3 will be breached if the adjusted net worth/ aggregate risk weighted assets is more than…

    By FE Bureau
    December 15, 2021 10:15 IST
    The resolution framework laid down by the Kamath committee in September 2020 mandated lending institutions to ensure meeting certain financial parameters by March 31, 2022. In August 2021, the deadline was extended to October 1, 2022.
    No need to extend Kamath committee timeline, says Axis Bank

    Credit growth to large industries stood at 0.5% in October 2021 as compared to a contraction of 1.8% a year…

    By FE Bureau
    December 15, 2021 10:12 IST
    The apex court said that settlements have to be encouraged because the ultimate purpose of the IBC is to facilitate the continuance and rehabilitation of a corporate debtor, as distinct from allowing it to go into liquidation
    Insolvency resolution: Company law tribunals can’t force parties to settle disputes, says Supreme Court

    The apex court said that settlements have to be encouraged because the ultimate purpose of the IBC is to facilitate…

    By FE Bureau
    December 15, 2021 10:10 IST
    She forecast the CAD to widen to $25-30 billion in the third quarter itself, exceeding the full-year deficit recorded in the pre-pandemic year of FY20. Still, it would remain well within control, said a senior government official.
    Exports up 27% in November but trade deficit hits record

    Nevertheless, exports registered a 16.6% rise from the pre-pandemic (same month in FY20) level to $30 billion. However, imports shot…

    By FE Bureau
    December 15, 2021 10:07 IST
    The daily e-way generation was 20.38 lakh in November, down 14% on month.
    E-way bill generation up ahead of year-end vacations

    The daily e-way bill generation at 21.72 lakh in the first 12 days of December indicates demand pick-up and stocking…

    By FE Bureau
    December 15, 2021 10:02 IST
    Supreme Court allows road widening for highways in Chardham project

    The Centre had amended its 2018 notification in December last year to increase road width limit from 5.5 m to…

    By FE Bureau
    December 15, 2021 09:58 IST
    Adani Green, Seci in mega 4,667-MW solar PPA

    The tender envisages the setting up of 8,000 MW of generation capacity and additional 2,000 MW of solar cells and…

    By FE Bureau
    Updated: December 15, 2021 07:37 IST
    Sitharaman to hold pre-Budget talks from today

    The Budget for next fiscal is to be presented on February 1, in the backdrop of a nascent recovery of…

    By FE Bureau
    December 15, 2021 04:15 IST
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    Latest News

    LTIMindtree, IT sector, information technology, Q2fyY26, profit, revenue, deal wins, attrition, ltimindtree dividend

    LTIMindtree declares interim dividend for FY26; Check record date, eligibility and more

    RBI Repeals ~9,000 Circulars, Consolidates Regulatory Instructions into 238 Master Directions

    RBI may retain existing cap for deposit insurance premiums

    Diwali bonanza: 60-day bonus announced for THESE central govt employees

    Diwali bonanza: 60-day bonus announced for THESE central govt employees

    How H-1B visa holders are being squeezed out of the US housing market

    Higher interest income, lower expenses boost IOB profit

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