Page 3 - Nikesh Singh

PFRDA to allow pension funds for investments in sovereign green bonds

The AUM is expected to touch Rs 11 trn by the end of FY24

Manufacturing sentiment positive in first quarter, shows Ficci survey

In the fourth quarter of FY23, 55 per cent of the respondents reported higher production levels

Capital expenditure by CPSEs touches 32% of target in first quarter

NHAI and Railways start the capex cycle on a stronger note

FinMin tells PSBs to explore AI-powered collab in tech, HR training

A senior banking official said PSBs spent on technology upgrade in artificial intelligence and machine learning individually, which piled up the cost

HDFC merger poses increased competition in deposits segment for PSBs: Govt

PSBs told to take swift action on fraud and willful defaulters cases

Finance ministry asks PSBs to be wary of competition in deposits segment

Directive comes after the recent merger of HDFC Ltd with HDFC Bank

Services PMI growth declines to three-month low of 58.5 as inflation weighs

The headline figure has been expanding for 23 months on the trot since August 2021

FM Sitharaman's meet with PSBs on July 6 to focus on performance review

Sitharaman on Saturday at an event said the performance of PSBs had improved on account of various initiatives taken by the Modi government since 2014

FinMin requests FSIB to fill up non-executive chairman posts in PSBs

Positions vacant in six of 11 state-owned lenders, some for two years

PSBs should focus on robust asset-liability & risk management: Sitharaman

Profit of public sector banks increased to Rs 1.04 trillion in 2022-23

Govt raises rates on select small savings schemes for July-Sept quarter

Small savings rate for the five-year recurring deposit was raised by 30 bps to 6.5 per cent

Centre's fiscal deficit at 11.8% of FY24 Budget target, shows CGA data

The finance ministry has targeted to bring down the fiscal deficit to 5.9 per cent of GDP in FY24 from 6.4 per cent of GDP in the preceding year

Govt seeks industry feedback on challenges in PLI to enhance effectiveness

Goyal urged officials to hold regular consultation and roundtables with PLI beneficiaries

Transactions on GeM portal cross Rs 50,000 crore in first quarter

Provision of penal interest on delayed payments to start from July

Growth in APY enrolments driven by minimum assured pension of Rs 1k

Higher slabs of Rs 2K, Rs 3K, Rs 4K & Rs 5K have seen a decline in FY23

NPS adoption by central public sector enterprises declines slightly in Apr

The NPS data showed the new subscribers under the state governments fell by 42 per cent to 38,909 in April from 66,640 in March

A first: NLMC prepares groundwork for DRT-like bid of assets by September

Asset transfers to the corporation are getting held up due to delay in clearance by states

Urge farmers to cultivate millets, pulses: FM Nirmala Sitharaman to Nabard

She also called for protecting the returns of farmers, who are already growing millets

PNB's unsecured loan exposure within regulatory norms, says MD & CEO

'We do not have much exposure to unsecured loans as compared to our peers'

India can look for FTA talks with Africa to further strengthen ties: Goyal

India can also look for negotiating a free trade agreement with Africa to further strengthen economic ties, he said