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Govt asks private lenders to boost participation in financial inclusion schemes

New Delhi, June 30 -- The Union finance ministry on Monday exhorted private sector banks to increase their participation in financial inclusion schemes and serve the marginalized sections of society b... Read More


Nudged by finance ministry, PSBs to develop new framework for NPA recovery; special teams to focus on high-value loans

New Delhi, June 29 -- Public sector banks (PSBs) are drawing up a plan to lay a threshold of Rs.100 crore and above and set up specialized teams to recover bad loans, two persons aware of the matter s... Read More


Sitharaman asks banks to step up lending as interest rates fall

New Delhi, June 27 -- Finance minister Nirmala Sitharaman has asked public sector banks to step up lending after Reserve Bank of India cut key policy rates early this month and contribute to the growt... Read More


IWAI takes key decisions related to inland waterways; approves DPR for ship repair facility at Patna

New Delhi, June 25 -- The Inland Waterways Authority of India (IWAI) on Wednesday took several key decisions related to the inland waterways transport (IWT) sector, including setting up three tourist ... Read More


FASTag annual pass for private vehicles may cut toll road operators' revenue

New Delhi, June 25 -- The upcoming Rs.3,000-FASTag annual pass will benefit frequent private commuters but dent toll operators' revenues by 4-8%, ratings agency Crisil said in a report on Wednesday. ... Read More


India on track to make Chabahar preferred port of call in Iran for trade with Central Asian nations, says shipping secy

New Delhi, June 25 -- India is pushing ahead to make Chabahar, located in the strategic southeastern corner of Iran, its main port of call in a bid to pivot away from Bandar Abbas near the Strait of H... Read More


Fin min, RBI meet govt officials on scaling up Unified Lending Interface

New Delhi, June 23 -- M. Nagaraju, secretary, department of financial services (DFS) and officials of the Reserve Bank of India on Monday held a meeting with officials from various ministries and depa... Read More


Centre overhauls highways construction bid process, timelines set for pre-bid clearances

New Delhi, June 22 -- In a move to speed up highway construction, the Centre has synchronized project approvals, awards and appointment of developers with milestones for land acquisition, environment,... Read More


Sivasubramanian Ramann assumes charge as the chairperson of PFRDA

New Delhi, June 20 -- The government on Friday appointed Sivasubramanian Ramann as the new chairperson of the Pension Fund Regulatory and Development Authority (PFRDA). He was appointed by a notifica... Read More


Independence Day: Toll relief, annual pass for pvt vehicles on highways from 15 Aug

New Delhi, June 18 -- The government on Wednesday announced a FASTag-based annual pass priced at Rs.3,000, effective from 15 August, offering commuters relief from having to paying frequent hefty toll... Read More