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Budget 2020: What's in store and what are the challenges?

Business | February 01, 2020 2:05 IST

Union Budget 2020: Finance Minister Nirmala Sitharaman has quite a task ahead of her as she prepares to present Union Budget 2020 in the Lok Sabha on Saturday (February 1). The economy is not in the best of shapes. International Monetary Fund (IMF) has already slashed India's growth forecast from 6.1 per cent to 4.8 per cent. Prices of goods are high and the common man is looking at Budget 2020 just as he is at his own pocket.

St Xavier's College sets up finance lab

Education | December 03, 2019 14:45 IST

Principal of St Xavier's College Dominic Savio said that the lab will provide researchers and students hands-on data analysis and modelling experience through real time national and international financial data, market information, business news and software.

Manmohan Singh nominated to parliamentary standing committee on finance

India | November 11, 2019 16:58 IST

"The Rajya Sabha chairman has nominated Manmohan Singh, member, Rajya Sabha, to be a member of the committee on finance in place of Digvijaya Singh. The chairman has also nominated Digvijaya Singh, member, Rajya Sabha, to be a member of the committee on urban development," the bulletin reads.

Centre's scheme for madarsas faces financial crunch

India | October 25, 2019 23:02 IST

With an allocation of Rs 120 crore, the Central government's scheme for providing education in madrasas is facing a financial crunch and the funds available will be used to clear some of the pending amount of the states of the previous years.

There will not be single job loss due to merger of banks:

Will bank mergers result in job losses? Nirmala Sitharaman rules it out

Business | September 01, 2019 20:47 IST

"Absolutely, ill informed. I want to assure every union in everyone of these banks to please recall what I have said last Friday. When we spoke about amalgamation of banks I have very clearly underlined the fact that there shall not be one employee removed. Not at all", she told reporters here.

Congress demands financial emergency be declared in country

India | August 30, 2019 17:46 IST

Congress spokespersons Jaiveer Shergill and Gaurav Vallabh accused the BJP government of destroying the credibility of the country's economy and banking system and demanded that it should declare the names of wilful defaulters, along with the details of their non-performing assets (NPAs).

Windfall from RBI to give government ammunition to fight slowdown, boost capex

Business | August 27, 2019 16:34 IST

This comes at a time when the economic growth rate has slumped to a five-year low after accelerating in the first few years of Modi 1.0 regime. Consumer spending has slowed, private investment hit a bump, the auto sector is facing the worst crisis in two decades leading to tens of thousands of job losses, real estate sector has seen piling of unsold inventories and fast-moving consumers goods (FMCG) companies have seen a decline in volume growth.

High Court raps RBI for callous attitude in not filing response to PIL on financial data misuse

Business | August 09, 2019 20:36 IST

A bench of Chief Justice D N Patel and Justice C Hari Shankar directed the deputy governor of the Reserve Bank of India (RBI) to be personally present before it on October 11, the next date of hearing, if no response and "vakalatnama" were filed on the bank's behalf by then.