"finance-minister-nirmala-sitharaman"

Speaking about stressed assets, the governor said there is growing awareness and realisation among banks in dealing with NPAs

While Das did not elaborate further, the central bank had in the past expressed concerns on digital currencies being used for money laundering and terror funding.

Making strong case for repealing archaic laws for ease for doing business in India, the Prime Minister said the centre and states need to work closely to boost economic growth.

"We had a constructive dialogue and the dialogue is ongoing," Thomson told reporters after meeting Finance Secretary Ajay Bhushan Pandey, CBDT Chairman P C Mody.

Files cases to register $1.4 billion arbitration award it had won against India.

Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance.

The meeting will be held virtually for the first time due to COVID-19 protocol, sources said.

Finance Minister Nirmala Sitharaman says government is keen to achieve long-term growth.

She said the Budget, which was presented in Parliament on February 1, has set the tone for greater play of the private sector, gave space for entrepreneurship

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years

The RIDF, which was set up in 1995, is a dedicated fund to create social assets in rural India.

Almost all agencies, global research institutions and bankers concluded that the worst for the India’s economy was over and the country would register a double digit growth, he said.

Emphasis on infrastructure and other initiatives in Budget are aimed at achieving this goal, says DEA secretary.

Rs 2.2 lakh cr for health, including Rs 35,000 cr for Covid vaccines

Sitharaman defends accounting of govt expenditure while stressing that revenue statements have become a lot more transparent.

The import duty on PCBA for making any charger is proposed to be raised to 15 per cent from 10 per cent imposed earlier with effect from February 2.

Unveiling the Union Budget 2021-22, the Finance Minister said that a professionally managed DFI to be set up to provide, enable and catalyze infrastructure financing.

The high level of provisioning by public sector banks for their stressed assets calls for measures to clean up the bank books, the finance minister said while unveiling the Budget for 2021-22.

The announcement is important to enhance access to digital content to millions of Indian users who are witnessing a spurt in smartphone and Internet usage.

The 30-share BSE Sensex zoomed 2,314.84 points or 5 per cent to finish at 48,600.61.