FM announces Rs 70,000 cr to boost export, real estate sectors

Finance Minister Nirmala Sitharaman on Saturday announced an over Rs 70,000 crore package for the exports and real estate sectors, including setting up of a stressed asset fund, as the government continued with firefighting measures to pull the economy out of a six-year low growth rate. Continue Reading

PNB board to meet OBC, UBI on 5 Sept for merger talks

Punjab National Bank (PNB) on Saturday said its board of directors will meet on September 5 to consider the lender’s merger with Oriental Bank of Commerce and United Bank of India. Continue Reading

Sitharaman slams Rahul’s charge of stealing RBI money, defends payout

Finance minister Nirmala Sitharaman Tuesday strongly reacted to the Congress’ allegation of “stealing RBI’s reserves,” saying she does not care about such charges and the opposition leader should have spoken to the finance ministers from his party before hurling such charges. Continue Reading

Govt appropriated 99% of RBI’s profits since 2014, slams Yechury

CPI(M) general secretary Sitaram Yechury hit out at the Centre today over the record cash transfer by the RBI, alleging that the government had ‘appropriated’ 99 per cent of the profits of India’s central banking institution since 2014. Continue Reading

Cryptocurrency: Garg panel proposes ban, pitches alternative

The ban proposed by an Inter-Ministerial panel on private cryptocurrencies is backward-looking and a setback for companies mulling to launch their own virtual currencies on the lines of Bitcoin, said experts. Continue Reading