Page 32 - Government Of India

Govt to provide bulk of Rs 15,000 cr capital support to weak PSU banks

Weak public sector lenders like Central Bank of India and Punjab & Sind Bank will get the lion's share of the Rs 15,000 crore earmarked for capital infusion in state-owned banks for the current fiscal. This will help these public sector banks (PSBs) meet regulatory requirements. The capital infusion of Rs 15,000 crore would go mostly to banks which had got money through non-interest-bearing bonds in the previous year as the RBI had raised some concerns on the fair valuation of these instruments, sources said. As per the RBI, the net present value of infusion made last year through zero-coupon bonds is much lower than face value as they were issued at discount, the sources added. These special securities with tenure of 10-15 years are non-interest bearing and valued at par. Such bonds usually are non-interest bearing and issued at a deep discount to the face value. So, the effective Tier 1 capital levels for the banks could be lower than the regulatory requirement. According to ...

Govt working tirelessly to bring back Indians stuck in Ukraine: PM Modi

The government is working tirelessly to bring back all Indians stuck in Ukraine, PM Narendra Modi said on Sunday.

Govt scouts for chief of properties & monetisation officer for AIAHL

The government is looking to hire a person to manage and monetise land as well as other immovable properties of AI Assets Holding Ltd (AIAHL) that are estimated to be worth around Rs 14,000 crore.

Centre notifies appointment of four new judges in Delhi High Court

The Centre on Friday notified the appointment of four new judges to the Delhi High Court.

Centre contemplating to evacuate students from Kyiv via land routes: Bommai

Karnataka CM Basavaraj Bommai said the Indian government is contemplating bringing back Indian students stranded in war-torn Ukraine through land routes.

PM bats for indigenous manufacturing in defence sector, discourages import

Cyber security is no longer limited to just the digital world as it has now become a matter of national security, Prime Minister Narendra Modi said on Friday.

Govt to soon decide on Sebi chairman appointment: Report

The government will soon take a decision on the appointment of Sebi Chairman as the extended tenure of incumbent Ajay Tyagi will be ending this month. Sources said senior bureaucrats and former members of Securities and Exchange Board of India (Sebi) have applied for the position. The finance ministry had invited applications from eligible candidates in October 2021 for the post of Sebi Chairman and the deadline for submission of the applications was December 6, 2021. It is not yet clear whether Tyagi will get another extension or a new appointment will be made. On Tuesday, Finance Minister Nirmala Sitharaman said "the process of calling for application has already happened... shortlisting probably is yet to happen" while responding to a question regarding the tenure of Tyagi coming to an end this month. When asked whether the incumbent will get an extension or a new person will be appointed, she had said, "you have to wait till February 28 to know what we are going to do on it (

Rs 18k cr returned to banks from Mallya, Nirav and Choksi: Centre tells SC

Solicitor General Tushar Mehta informed the Supreme Court that Rs 18,000 crore have been returned to the banks in the case of Vijay Mallya, Nirav Modi, and Mehul Choksi.

Wholesale price of tur dal drops nearly 3% on measures taken by govt

The government on Tuesday said wholesale price of tur dal declined by nearly 3 per cent in the last one year on the back of measures taken by it to boost domestic supply and stabilise rates. "The government has taken several proactive and pre-emptive measures to augment domestic availability and stabilise prices of essential food commodities. It is because of these measures that the price of tur/arhar dal reported a sharp decline," an official statement said. As per the data of Department of Consumer Affairs (DoCA), the average wholesale price of tur dal on February 22, 2022 was Rs 9,255.88 per quintal as compared to Rs 9,529.79 per quintal on the same day a year ago, showing a drop of 2.87 per cent. Similarly, the average wholesale price of tur dal on February 21, 2022 was Rs 9,252.17 per quintal as against Rs 9,580.17 per quintal on the same day a year ago, registering a fall of 3.42 per cent. In May 2021, the Centre said advisories were issued to states/UTs to monitor prices of

Govt should put out paper on why it expects over 8% GDP: Chidambaram

Congress leader P Chidambaram on Monday said instead of indulging in "vain boasts" it should put out a reasoned paper on why it expects real GDP growth to be over 8 per cent in 2022-23

HC refuses to grant more time to govt on pleas to criminalise marital rape

The Delhi HC refused to grant further time to the Centre to make its stand clear on the issue of criminalising marital rape and reserved judgement on various pleas in the matter.

5 firms submit Rs 1.5-trn proposals to set up semiconductor, display plants

Vedanta-Foxconn JV, IGSS Ventures, ISMC propose to set up electronic chip manufacturing plants with $13.6-bn investment

Reports of massive Covid fatalities in 2021 are speculative: Govt

While claims settled by LIC relate to policies taken by policy holders for deaths due to all causes, the news reports conclude that this would imply Covid deaths were underreported, says govt

Government releases buffer stock of onion to states to check price rise

To check any sharp jump in retail onion prices, Centre on Friday said it has started offloading the buffer stock in a targeted manner to states where prices are increasing over the previous months.

Govt focusing on making gem, jewellery sector self-reliant: Piyush Goyal

The country needs a self-reliant gem and jewellery sector and the government has made it a focus area to help boost both domestic as well as export growth, said Union Minister Piyush Goyal on Friday.

Over 1.7 billion Covid vaccine doses provided to states, UTs so far: Centre

The Central government on Friday said that it has provided more than 171.76 crore Covid vaccine doses provided to States and Union Territories so far.

Centre likely to provide security to Kumar Vishwas after reviewing it

The central government is reviewing the security of former Aam Aadmi Party (AAP) leader Kumar Vishwas and may give him protection through a central agency, official sources said on Friday.

Govt signs MoU with Alliance Air Aviation to boost tourism in India

The Union Ministry of Tourism signed a memorandum of understanding (MoU) with Alliance Air Aviation Limited to boost tourism throughout the country.

Congress questions Centre in delay in filing FIR against ABG group

Congress on Thursday again attacked the Centre on delay in filing FIR on the ABG Shipyard despite Ahmedabad DRT's order in 2018 for recovery of Rs 13,975 crore from the company.

'Superb response,' says Vaishnaw on govt's semiconductor manufacturing push

Union Minister for Electronics and IT Ashwini Vaishnaw on Tuesday welcomed the "superb" response from the industry for the government's semiconductor manufacturing initiatives.