Page 11 - Nikesh Singh

Capital expenditure by CPSEs accelerates to 43% of FY23 target in H1

While CPSEs spent Rs 2.8 trillion in capex in the first half of FY23, they had invested Rs 2.19 trillion during the year-ago period, registering 27.85 growth per cent

LIC, Centre to sell 60.7% stake in IDBI Bank; DIPAM invites EoIs

DIPAM invites EoIs; last date to submit bids is Dec 16

FinMin allows airlines to avail up to Rs 1,500 crore loan under ECLGS

The Finance Ministry's decision is likely to benefit financially-beleaguered airlines, such as SpiceJet, which have been looking for the Centre's assistance to run their operations

FinMin's special campaign in seven districts to deepen financial inclusion

Campaign will work to achieve saturation in respect of bank accounts, insurance/pension schemes; distribution of loans to FPOs, SHGs for setting up cold-chain infra, KCC penetration, among other thing

Cabinet hikes dearness allowance for central govt employees to 38%

The move will benefit about 4.8 million central government employees and 6.9 million pensioners. The decision will be effective from July 1, 2022.

Enhance coverage of scheduled castes in all schemes: FM Nirmala Sitharaman

The FM was chairing the performance review of PSBs on credit and other welfare schemes for scheduled castes

Rupee fall may or may not help exports, says FM Nirmala Sitharaman

Sitharaman said the central bank has used nearly $75 billion to stop fluctuations and severe volatitlies in rupee-dollar exchange rate

Rs 58.5K cr of taxes lost in 5 industries due to illicit trade: FICCI study

Says 1.5 mn jobs lost because of such trade; FMCG sector worst affected

Share of women employees in CPSEs dips to 9.35% in FY21: Survey

According to the report, the number of women employees in CPSEs declined 9.5% to 80,525 in FY21 when pandemic hit the economy

Rupee doesn't need defending, it can take care of itself: CEA Nageswaran

Nageswaran said while international agencies were showing India's trend growth at 6%, the country could easily grow at 7% per annum for the rest of the current decade and beyond

Data monetisation should have consumer consent: RBI deputy governor

Last month, the government withdrew the Personal Data Protection Bill from the Lok Sabha and IT Minister had said the Centre was hopeful of getting a new legislation passed by the next Budget Session

19 loss-making CPSEs returned to profit in FY21, shows govt data

The total gross revenue of 255 operating CPSEs during FY21 was Rs 24.26 trillion as against Rs 24.58 trillion in the previous year, showing a decrease of 1.30%

Managing inflation can't just be left to RBI: FM Nirmala Sitharaman

'Monetary and fiscal policies have to work in tandem; importing Russian oil part of inflation management'

Naveen Patnaik urges industry to invest in Odisha ahead of flagship summit

The conclave, which is being organised after a gap of four years, will be held between November 30 and December 4 in its third edition

Use technology to make insurance affordable, says Irdai chairman Panda

Panda also nudged the industry to come out with solutions that are pocket-friendly

RBI to set up fraud registry to check banking frauds: Executive Director

Payment system participants will be provided access to this registry for near-real time fraud monitoring. The aggregated fraud data will be published to educate customers on emerging risks

S&P raises India inflation forecast by 50 basis points to 6.8% for FY23

India is facing the external pressures of higher commodity prices, US dollar dominance, and tightening financial conditions from a position of relative strength: S&P

What are now being considered freebies are actually welfare schemes: Gehlot

The discussions around freebies gained traction after prime minister Narendra Modi criticised the Revdi culture in the country promoted by political parties in exchange of votes

SBI and ICRA see economy growing in double-digits in June quarter

Low base, robust recovery in contact-intensive services sector to boost expansion