Prasanta Sahu

Parliament’s winter session likely from December 10

With political parties busy campaigning for Assembly elections in five states, the winter session of parliament will likely commence on December 10.

India News

Government PSU dividend income may fall 20% short of budget this FY; here’s what PSU bosses say

Last year, dividend payouts by some CPSEs exceeded their net profits.

oil sector, oil industry, psu, nalco, ongc News

RBI vs Government: Parliament panel’s meeting with Reserve Bank governor called off

The parliamentary standing committee on finance has cancelled a crucial meeting with the RBI governor Urjit Patel that was scheduled to take place on November 12.

RBI governor Urjit Patel , rbi, parliament, urjit patel, modi government News

Budget 2018-19: Modi government may cut expenditure by Rs 50,000 crore

Move a small digression from NDA’s practice of not cutting budgetary expenditure; shortfall seen in disinvestment, telecom and GST receipts.

Economy News

Modi government’s selloff push: Sale of 10% stakes in GIC, New India Assurance may fetch Rs 10,000 crore

At current market prices, the offers for sale (OFSs) in both the state-run insurers could fetch the Centre a tidy sum — Rs 9,500 crore or thereabouts.

Economy News

Modi brings sops to small business, to unveil MSME package; these benefits on cards

In an outreach to micro, small and medium enterprises (MSMEs), Prime Minister Narendra Modi will likely unveil a package on Friday for these units, including an export credit subsidy.


New MSME package: Banks to clear 90% of CPSEs’ dues on receipt of purchase

The plan would be implemented in a decentralised manner, so the decisions could be taken by even the middle-level bank management.

Industry News

IL&FS crisis: House panel to quiz RBI governor Urjit Patel on November 12

The parliamentary standing committee on finance will try to seek Patel’s views on steps taken by the regulator with regard to IL&FS after the crisis erupted.

Economy News

Atal Pension Yojana: PRFDA seeks Centre nod to double pension limit to Rs 10,000, relax upper age limit

To make the Atal Pension Yojana (APY) more attractive, the Pension Fund Regulatory and Development Authority (PFRDA) has sought the government’s nod to double the guaranteed minimum pension under the scheme to Rs 10,000/ mo

pfrda, pension News

Crop insurance: NITI Aayog proposes cashback facility under PMFBY

To make its flagship crop insurance scheme more attractive, the government is considering a proposal by the NITI Aayog to return 75% of the premium paid by the farmers enrolled under the Pradhan Mantri Fasal Bima Yojana (PM

farmers, farmers sector, farmers industry, niti aayog News

PFRDA seeks easing of FDI norms for pension funds, expects boost for fledgling segment

Currently, eight pension funds manage Rs 2.55 lakh crore NPS corpus, which is projected to grow to Rs 3 lakh crore by end-FY19.

Money News

IL&FS fallout: Tighter investment norms for pension funds on cards – All you need to know

According to the current investment guidelines of PFRDA, the PFMs could invest only in corporate bonds which are rated at least ‘AA’ by rating agencies. So a tightening could mean that investments by these entities in sec

Economy News

New Air India turnaround plan; it’s massive debt of Rs 33,000 cr to move to an SPV. Details here

The airline's losses may shoot up in FY19 as aviation fuel costs have gone up by 35% year-on-year in the past one year.

Industry News

Govt mulls creating steel giant through merger

SAIL, the largest state-run steel maker, achieved a sales turnover of Rs 58,297 crore during FY18, 19% higher than the previous year.

steel, steel giant, SAIL, NINL, RINL, Narendra Modi, PM Narendra Modi, PM modi, economy news

GST worries: Rs 1 lakh cr collection shortfall for the year? Or, will other sources rescue finances

GST collections rose marginally to Rs 94,442 crore in September, but with average collections in the first six months of the year at around Rs 96,283 crore compared to the Rs 1,12,316-crore budgeted for FY19, the government c

Economy News

PNB to raise Rs 8,580 cr from sale of non-core assets in H2

Punjab National Bank (PNB) has set a target to mobilise Rs 8,583 crore in H2FY19 by monetisating non-core assets.

pnb, punjab national bank News

More deals like ONGC-HPCL? Govt mulling mega PSU mergers to met divestment targets

ONGC had bought the Centre’s 51.11% stake in HPCL for Rs 36,915 crore or about 37% of the government’s record Rs 1-lakh-crore disinvestment revenue last year.

Industry News

Modi government’s populist promises to push spending by Rs 38,000 crore. Will it impact fiscal deficit?

On February 1, the government had unveiled the Union Budget 2018-19 with an expenditure estimate of Rs 24.42 lakh crore.

Economy News

Modicare: Premium to be capped at Rs 1,110

The Centre will likely cap annual premium outgo for the ambitious Pradhan Mantri Jan Arogya Yojana (PM-JAY) at Rs 1,110/family, to provide Rs 5-lakh-a-year health cover to 10.74 crore households.

Insurance News

Disinvestment: Coal India, KIOCL to buy back shares next month

Giving a leg-up to the Centre’s disinvestment scheme, state-run Coal India (CIL) and KIOCL (formerly Kudremukh Iron Ore Co) will buy back their own shares next month.

Industry News

Disinvestment: Series of offers to hit market by November-end; buybacks in Q4

The Centre is banking on minority stake sales in PSUs such as ONGC and Coal India, a further fund offer under the existing CPSE-ETF, buybacks by a clutch of firms, monetisation of a portion of SUUTI holdings in Axis Bank and

disinvestment, finance ministry, arun jaitley, M&As, CPSE, share buyback, buy back shares News

ONGC stake sale: Government may clarify before the OFS that it won’t reimpose onus on upstream firms

Ahead of its proposed 5% stake sale in ONGC via the offer for sale (OFS) route, the government may clarify to investors that it won't reimpose the burden of subsidy-sharing on the state-run explorer.

ongc, oil sector, oil industry News

States may pick market assurance mode for new MSP scheme

While the Cabinet is likely to take up the latest proposals of the farm ministry later this week to ensure smooth implementation of the schemes, state governments have already been given green signal to undertake preparatory

Economy News

Govt may infuse Rs 2,200 cr more into Air India in 2018-19

Centre may infuse additional Rs 2,200 crore in the debt-ridden national carrier later in the current financial year to meet an estimated shortfall in working capital requirement to service loans and pay salary in time.

Industry News

Sale of 5% stake: Government readies ONGC OFS

The Centre will likely sell a 5% stake in the country’s largest oil explorer ONGC in what could be one of its largest disinvestment exercises in the current fiscal. At current prices (the ONGC stock closed Rs 176.20 on Mond

Industry News

Modi government may raise a massive Rs 1.7 lakh crore to fund flagship schemes ahead of 2019 Lok Sabha polls

The Centre’s fund mobilisation via EBRs this fiscal will be used to finance food subsidy arrears, Pradhan Manti Awas Yojana, electrification programme, higher education infrastructure, Swachh Bharat Mission and irrigation a

Economy News

Key ministries like Home, Railways raise spending, reflecting Modi government’s priority areas ahead of Lok Sabha polls

Of the top ten ministries in terms of spending capacity, six including rural development, roads and highways, agriculture and railways registered handsome increases in expenditure in the first quarter of FY19.

Economy News
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