Minister of State for Finance Bhagwat Kishanrao Karad said banks do have "problems" in lending to police and politicians. Banks see track record before lending to these customers, he added.
In the ongoing winter session of Parliament, the Centre aims to table the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, through which it seeks a ban on all private cryptocurrencies
"It is a business which solely runs on the income generated by sale of tickets, which also gets sold only if the film appeals to the public enough to inspire them to pay money and buy tickets.
Armed with necessary macro and micro growth drivers, the stage is set for India's investment cycle to kickstart and catalyse its recovery towards becoming the fastest growing economy in the world.
The finance minister also discussed the preparations for the upcoming Climate Change Conference in Glasgow.
As part of her US visit, Sitharaman is also meeting heads of various corporations to explore various investment potential and make in India initiatives.
Sitharaman said India will attract investments and have the purchasing power to demand the best of things from whoever produces it.
Nirmala Sithararam elucidated the intent of the country to be more inclusive in development and growth, Prahlad Singh said after his meeting with the Finance Minister in Boston.
"We need to scale up banking. The need is for at least four-five more SBI sized banks," Sitharaman said.
The Union Finance Ministry released an amount of Rs 2,427 crore to 11 states for the urban local bodies on Friday
Centre on Thursday approved to provide Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL)
Sitharaman remarked that India attaches great significance to presenting this statement before the global community since it unanimously voices the view of BRICS countries on the critical aspects underpinning current international policy conversations on post-pandemic recovery.
The Central government has given a much-needed relief to families of bank employees. Recently, the Finance Ministry approved a proposal of Indian Banks' Association (IBA) to increase the family pension to 30 per cent of last drawn salary.
Finance Minister Nirmala Sitharaman on Wednesday said that Centre will not give away ownership of assets under the asset monetisation plan and they will be mandatorily handed back to the government.
Bhubaneswar: Union minister of state for Commerce and Industry minister has expressed her profound regret for not being able to attend the OTV’s annual convention Foresight-2017 which was held at Hotel Mayfair convention hall in the capital city here today. Sitharaman, who was to deliver speech on ‘De-globalisation: India’s Economic Prospects in an Increasingly Protectionist […]
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