WebinarsNew
Explore Business Standard
The government has appointed V Packirisamy as Director (Commercial) at Power Finance Corporation Limited (PFC), effective June 2, a statement said on Tuesday. He was serving as Executive Director, Entity Appraisal & IT, PFC, the company said in an exchange filing. Packirisamy brings over three decades of extensive experience in the power sector and infrastructure finance. He holds a BE (Mechanical) and an MTech (Management and Systems) from IIT Delhi. The official began his professional career in 1989 and joined PFC in 1997. Over the years, he played a pivotal role in expanding the organisation's operations and strengthening its appraisal and risk management frameworks, significantly contributing to the growth of PFC's loan portfolio. He has been instrumental in several key institutional initiatives, including the development of methodologies for categorising state generation and transmission utilities, formulation of the Integrated Rating Framework for Power Distribution ...
The Maharashtra cabinet on Tuesday approved the 'Punyashlok Ahilyadevi Holkar Shetkari Karja-mukti Yojana' to provide farm loan waiver of up to Rs 2 lakh, and also introduced incentive benefits for those farmers who have repaid their loans on time. The decision was taken at a cabinet meeting chaired by Chief Minister Devendra Fadnavis, an official statement said. The scheme has three components -- loan waiver, one-time settlement (OTS) and incentive benefits -- and there will be no landholding criterion for eligibility, it said. Under the waiver component, farmers whose total outstanding short-term crop loans, including principal and interest, are up to Rs 2 lakh will be eligible for a complete debt relief. The loans must have been disbursed between April 1, 2019, and March 31, 2025, remained overdue as of September 30, 2025, and unpaid till March 31, 2026. The farmers whose dues exceed Rs 2 lakh will be covered under the OTS component. Such borrowers will have to clear the amount
Year-on-year inflation in Iran reached a level in May unseen since World War II, underlining the economic pain average Iranians face as the Islamic Republic worries about the war with Israel and the United States restarting. A report Monday by Iran's Central Bank represents the first official acknowledgment of what Iranians shopping, paying for a taxi or visiting a medical clinic already know: The rial currency is battered by the war and uncertainty around it resuming. Meanwhile, longtime problems of economic mismanagement and government corruption also appear to be dragging down Iran's oil-backed economy as it remains under a US naval blockade. Economic pressure in the past has sparked nationwide protests, something Iran's theocracy has been trying to avoid since a crackdown on demonstrators in January killed over 7,000 people, according to activists' estimates. But even as hard-liners hold gun-handling workshops and organise marriages under the shadow of a ballistic missile to ..
Russia launched hundreds of drones and dozens of missiles against Kyiv and other Ukrainian cities overnight, killing at least 16 civilians and wounding more than 100 others, authorities said Tuesday. The damage trapped some people under the rubble of apartment buildings. Emergency crews digging through the wreckage pulled out the body of a three-year-old child and the bodies of a mother and her eight-year-old son in the central Ukrainian city of Dnipro, officials said. The attack stretched from night into day and the boom of explosions reverberated across cities. Kyiv residents had been on edge for days after Russia warned that a massive aerial attack was coming and warned foreign diplomats to leave the Ukrainian capital. None appeared to heed the call. "A large-scale attack and an explicit statement by Russia: If Ukraine is not protected from ballistic missiles and other missile strikes, those strikes will continue," President Volodymyr Zelenskyy said in response to the attack, ..