Page 34 - Vrishti Beniwal

Ministries risk cut in expenditure large expenses catch finmin eye

The finance ministry is unlikely to entertain any demands in the second supplementary in the Winter Session

Finmin expects revival in industrial activity as banks cut rates

Aug saw some recovery after stagnation, decline in previous months

Chidambaram not enthused by RBI's stance

Upset over RBI's decision to leave interest rates unchanged on inflation concerns despite govt unveiling 5-yr fiscal consolidation road map

FM flexibile on GST, all issues will be resolved soon Modi

Convergence on lot of issues on which there was congrontation between Centre, states

Cabinet to mull lowering Central Schemes to 52

Last year, the B K Chaturvedi panel had recommended merging the schemes with one another to reduce the number to enhance their flexibility, scale and efficiency

Ministries risk cut in expenditure, large expenses catch FinMin eye

The finance ministry has told all the govt departments that funds should be taken on utilisation basis

Finmin gets edgy on proceeds from spectrum auction, disvestment

The finance ministry is working out a fiscal reduction plan that involves cutting expenditure, utilising savings from social sector

Govt worries on keeping fiscal deficit at 5.1% of GDP renewed

Spectrum auction, divestment proceeds likely to disappoint, on top of Kelkar panel's warnings

Ministries risk cut in expenditure

GST network to be set up by the end of this financial year

Large lenders asked to handhold small banks

Move fuels fears of consolidation among unions of some small banks won?t force unification, clarifies finance ministry

Central schemes may be brought down to 52

High CAT score, class performance may get you cheaper study loan

Institutions will be rated based on job placements and the repayment track record of their students

'Fall in interest rates to boost production'

Study loans to get cheaper, banks to lend Rs 10k cr more

Students sans collateral or guarantor will not be turned away, finmin mulls steps to protect lenders

Ordinance on 3rd-party motor insurance planned

Education loans may become cheaper

These will also be easier to get and treated at par with housing and SME loans, Rs 500-cr fund to take care of defaults

Oriental Bank of Commerce Q2 net up 80%

Total recovery was Rs 449 cr during in July-September 2012-13, compared with Rs 303 cr y-o-y

Kingfisher woes may lessen if it pays 10% loans to lenders

The outstanding loan amount if Rs 7,000 cr

No plans to sell SUUTI stake as of now: FM

Breather for managements of L&T, ITC and Axis Bank