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News updates: FinMin defers first review meeting post-Union Budget with PSB heads to March 5

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Image BS Web Team New Delhi
Finance Ministry, Ministry of Finance

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Finance ministry defers first review meeting post-Union Budget with PSB heads to March 5.  The Delhi government suffered cumulative losses of over Rs 2,000 crore due to the 2021-2022 excise policy for reasons ranging from weak policy framework to deficient implementation, according to a CAG report tabled in the assembly on Tuesday. The report, one of 14 on the previous Aam Aadmi Party government's performance to be tabled by the new Rekha Gupta-led dispensation, has also flagged violations in the process of issuing licences.   On Monday, the United States aligned with Russia on a UN General Assembly draft resolution advocating de-escalation, an early end to hostilities, and a peaceful resolution to the conflict in Ukraine. This marks a shift in Washington’s position, as it has previously supported resolutions favouring Kyiv and criticising Moscow. The change comes amid escalating tensions between US President Donald Trump and Ukrainian President Volodymyr Zelensky. Among those backing Russia over Ukraine were Belarus, North Korea, and Sudan. The vote coincided with the third anniversary of the ongoing conflict. Meanwhile, India abstained on UNGA resolution calling for de-escalation, peaceful resolution of Ukraine war. 
Vivek Ramaswamy, a wealthy biotech entrepreneur who was tapped to join the government-efficiency effort led by billionaire Elon Musk, announced on Monday that he is running for Ohio governor. Ramaswamy said Ohio once was an economic powerhouse and can be again with the help of a “new generation of leadership” who can direct the state through what he called a second industrial revolution by leading the country in industries such as semiconductors and aerospace. President  Donald Trump “is reviving our conviction in America. We require a leader here at home who will revive our conviction in Ohio,” Ramaswamy said at the first stop of an announcement tour in his hometown of Cincinnati. 
 
9:16 PM

Iran rules out 'direct talks' with US on nuclear issue

9:15 PM

FinMin defers first review meeting post-Union Budget with PSB heads to March 5

9:15 PM

CBSE approves draft norms for conducting Class-10 board exams twice a year

9:14 PM

We look at India as a partner for peace, says Senior European Commission official

On the visit of the President of the European Commission, Ursula von der Leyen, to India and the visit of the College to India, A Senior European Commission official said, "We look at India as a partner for peace, and to the extent that it is an advocate for peace, I think the time is certainly right for having the discussion on what durable and just peace looks like. I think we came up with a very clear idea of how we seek peace, how that needs clear and credible security guarantees for Ukraine, and how we are partnering with others to make sure that we have not just security and peace in Europe but also security and peace more generally. So, I think we go with that mindset to India, and we will look forward to having very good discussions. This issue is on the agenda very clearly. We will be looking forward to how India and Prime Minister Modi's government see the current discussions on making peace happen and how this can be a durable peace..."
9:14 PM

Govt intervenes, Tripura's surrendered militants lift road blockade after 5 hours

A group of surrendered militants of Tripura on Tuesday withdrew their proposed day-long blockade on a key highway linking the state and Assam after over five hours, following an assurance from the government to look into their demands, officials said.
 
The Tripura United Indigenous Returnees People's Council (TUIRPC) launched the 24-hour-long national highway blockade around 8 am at Hathai Kator in West Tripura district, demanding implementation of the promises given to them when they surrendered.
 
Vehicular traffic was affected by their agitation and District Magistrate Vishal Kumar discussed the issue with the organisation, following which the blockade was lifted.
 
"Around, 1.30 pm, the blockade was withdrawn following assurance of looking into their demands. There will be a meeting with the surrendered militants on March 4," district Superintendent of Police Kiran Kumar said.
 
TUIRPC leader Daniel Borok Debbarma alleged that despite promises made in the peace agreement, many assurances including the withdrawal of police cases against the former rebels remain unfulfilled.
8:32 PM

FinMin defers review meeting with heads of PSU banks to Mar 5

The finance ministry has deferred performance review meeting with heads of public sector banks (PSBs) by a day to March 5.
 
The meeting, to be chaired by Financial Services Secretary M Nagaraju, would review financial performance and progress of financial inclusion schemes, among others, sources said.
 
Earlier, Department of Financial Services had fixed March 4 for the meeting.
 
This is going to be the first meeting after presentation of Union Budget 2025-26 in Parliament.
 
The 12 PSBs have posted highest-ever net profit of Rs 1.29 lakh crore in the April-December period of the current fiscal year, marking an annual increase of 31.3 per cent.
 
The performance of PSBs has shown significant improvement on key financial parameters, like record net profit growth, improved asset quality, and build-up of adequate capital buffers, during the period under review.
8:32 PM

Meitei village volunteers Arambai Tenggol hold talks with Manipur guv

Manipur-based Meitei village volunteers Arambai Tenggol on Tuesday held discussions with Governor Ajay Kumar Bhalla, who sought their cooperation in restoring peace and normalcy in the strife-torn state, officials said.
 
The talks also covered surrendering weapons under specific terms and conditions, they added.
 
The Arambai Tenggol delegation was led by its chief Korounganba Khuman and other functionaries, they said.
 
Following the meeting, Arambai Tenggol PRO Robin Mangang said, "We reached an understanding, which will soon be conveyed to the public. The governor assured us of efforts to bring back peace in Manipur."
 
"The governor requested us to give up arms. We have some terms and conditions and when those are fulfilled, we will surrender the weapons," he added.
 
The group also submitted a memorandum to the governor outlining key demands, including border fencing, NRC implementation (1951 as base year), deportation of illegal immigrants, and strict action against militants who violated the Suspension of Operations (SoO) treaty.
 
It also sought protection from legal action against the village volunteers and ST status for the Meitei community.
 
On Thursday last, Bhalla had appealed to members of all communities to surrender looted police weapons and illegally held arms at the nearest police station within seven days. He said if the weapons were not surrendered, strict action would follow for possession of arms.
6:13 PM

Maharashtra govt raises DA of employees by 12 per cent

6:12 PM

MP to play big role in achieving goal of making India 3rd largest economy by 2027: Amit Shah at GIS in Bhopal

4:53 PM

Army's DGMO pays 2-day visit to Manipur, reviews security dynamics

Indian Army's Director General Military Operations (DGMO) Lt Gen Rajiv Ghai carried out a comprehensive review of the security dynamics in Manipur as well as the situation along the Indo-Myanmar border during a two-day visit to the strife-torn state.
4:34 PM

ED opposes AgustaWestland 'middleman' Christian Michel's bail plea in Delhi HC

The Enforcement Directorate on Tuesday opposed a bail plea filed by alleged middleman Christian Michel James in a money laundering case arising from the Rs 3,600 crore AgustaWestland 'scam' in the Delhi High Court.
4:23 PM

Rajnath describes ICG as one of world's most efficient marine forces

The Indian Coast Guard (ICG) has grown into a formidable, trustworthy and one of the world's most efficient marine forces, Defence Minister Rajnath Singh said on Tuesday. In an address at an investiture ceremony of the force, Singh, shedding light on the emergence of unconventional threats, called upon the ICG to remain alert of challenges such as cyber attacks, data breach and radar disruption in addition to dealing with conventional threats.
4:13 PM

MP aims to double startups to 10k in 5yrs, earmarks Rs 100 cr for seed capital

Madhya Pradesh has set a target of doubling the number of startups in the state to 10,000 over the next five years and will set up a Rs 100 crore seed capital fund to promote new enterprises and innovations, state MSME Minister Chaitanya Kumar Kashyap said on Tuesday.
3:57 PM

Centre extends concessions, incentives by 3 years for its employees working in Kashmir Valley

The Centre has extended the package of concession and incentives for its employees working in the Kashmir Valley by three years, according to a personnel ministry order.
3:56 PM

Tata group to invest in electronic manufacturing unit, green energy sector in Assam: Chandrasekaran

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First Published: Feb 25 2025 | 8:39 AM IST

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