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Jalan panel proposes 'nominal' transfer of RBI funds to govt over 3-5 years

The committee has recommended a periodic review of the RBI's economic capital framework, according to a source

2% loans approved under Mudra turned NPAs, says Anurag Singh Thakur

Some of the reasons for NPAs are: First-time borrowers under Shishu category prioritising emergent needs, business failures, inefficiencies in lending practices

Centre likely to hire public sector bank EDs through lateral entry

A senior official in the finance ministry said the idea was to create specialised positions for whole-time directors in PSBs

PMO calls for freezing of shell firms' bank accounts within two weeks

Finance Secretary S C Garg will chair a meeting on Thursday

Financial system's liquidity is in 'huge' surplus, says RBI governor

Das said the central bank will provide a backup "if individual banks require additional liquidity"

Budget 2019: NHB to retain power to inspect, penalise housing finance firms

NHB may also independently inspect the books of the HFCs, according to provisions of the Finance Bill, 2019

Budget 2019: Air India sale on cards, govt hikes divestment target for FY20

Will also offer more CPSEs for strategic participation by the private sector

Union Budget 2019: Modi govt accounts for 'excess reserves' from RBI

Government is expecting around Rs 20,000 crore as additional transfers from the RBI

Divestment to make up for tax-revenue shortfall this year: CEA Subramanian

Non-tax revenues have the potential to expand and make up for the revenue shortfall, said CEA Krishnamurthy Subramanian

Eco Survey calls for simpler minimum wage system to boost inclusive growth

Supports Code on Wages Bill, approved by Cabinet on Wednesday, to rationalise minimum wages; calls present system complex, with 1,915 wages for various job categories across states

Economic Survey calls for 'sunset' clause on policy incentives to MSMEs

While large firms create permanent jobs in large numbers, according to the survey, young firms create more jobs at an increasing rate than older firms

Code on Wages Bill gets cabinet nod in a bid to revive labour law reform

The Bill had proposed empowering the states to fix different minimum wages based on geography, skill and occupation, along with a national-level minimum wage which will act as a floor

Finance Ministry to monitor rate-cut transmission by public sector banks

RBI Governor Shaktikanta Das had expressed concerns over the slow transmission of interest rates to benefit customers, despite successive policy rate cuts

Water crisis: Govt ropes in 255 bureaucrats for Jal Shakti Abhiyan

The aim of the programme is to increase the water table in the stressed areas through dams, ponds, afforestation

Finance Ministry tells state-run banks to shore up credit to MSMEs

Earlier this year, the RBI allowed a one-time restructuring scheme for MSMEs with a maximum exposure of Rs 25 crore

Centre revives plan to float holding company for state-owned banks

Proposal seeks to improve human resource practices and raise funds to meet the financial needs of 19 PSBs

Bimal Jalan panel report may contain dissent note by Subhash Garg

The committee defers report on RBI's reserves transfer yet again; will submit it after the Budget

EPFO halts investment in private sector bonds due to NBFC crisis

At present, the EPFO is mandated to invest 20-45 % of its incremental funds in debt-related instruments

IBA drafts new inter-creditor agreement for resolution of stressed assets

According to the new RBI norms, banks will have a "grace period" of 30 days to think of a plan after a "default" and a further 180 days to execute the plan

Seven million jobs formalised between 2015 and 2018, says report

The report estimated job formalisation to the tune of 11 million between 2018 and 2021