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Lok Sabha passes legislation to bring cooperative banks under RBI's supervision
Replying to the debate on the bill, Finance Minister Nirmala Sitharaman said this legislation is for depositors' safety and not for undermining powers of the Registrar of Cooperative Societies.
814 hectares of rail land under encroachment across country: Railway minister
The Supreme Court, in its order dated August 31 issued in the c...
Banking Regulation (Amendment) Bill 2020 introduced in Lok Sabha
Finance Minister Nirmala Sitharaman rejected the charge, asserting that stat...
Government privatising Public Sector Units, destroying jobs: Rahul Gandhi
"Today, the country is facing many Modi government-manufactured disasters, among which is unnecessary privatisation. The youth need jobs but the Modi government is destroying employment and capital by privatising PSUs," he tweeted in Hindi.
Suryoday Small Finance Bank raises Rs 62 crore to fund growth
The International Finance Corporation (IFC)-backed Suryoday said that the size of capital raising could have been higher but for the market condition.
'Unhappy' with seats on offer in Bihar, LJP deliberates next course of action
Though there is no official word on the likely seat-sharing formula among the three NDA partners, CM Nitish Kumar-led JD(U), BJP and the LJP, sources said Paswan's party has been offered around 27 seats. The party is likely to take a decision in a couple of days, with the nomination for the first phase of three phase-polls set to begin from October 1, sources said.
Changes in banking regulation law aimed at improving governance in cooperative banks: FM
Moving the Banking Regulation (Amendment) Bill, 2020 in the Lok Sabha, Sitharaman said the government was compelled to come out with an ordinance during the lockdown period as the condition of the cooperative banks was "grave".
Government to infuse Rs 20,000 crore in India's state-run banks
In April, Reuters reported that New Delhi had assured state banks that it is ready to provide capital support as the coronavirus pandemic may lead to a surge in bad loans as economic growth slows. The government has already pumped in Rs 3.5 lakh crore in the last five years to rescue its banks.
Agriculture reforms: From free market to private investment, here's a look at key measures
The government has undertaken landmark agricultural reforms, freeing farmers from restrictions on sale of their produce and ending the monopoly of traders.
No proposal for raising FII limit in PSBs to 49 per cent: Anurag Thakur
"As per the proviso to sub-section (2D) of section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, no individual or company resident outside India shall hold shares exceeding 20 per cent of a nationalised bank's paid-up capital," Thakur said.
Government prepares draft framework policy for development of steel clusters in India
The draft framework policy aims at facilitating setting up of greenfield steel clusters along with development and expansion of existing steel clusters, Steel Minister Dharmendra Pradhan said while replying to a question in Lok Sabha.
Bihar Chief Minister Nitish Kumar and JP Nadda hold seat-sharing talks ahead of polls
At the meeting which lasted for more than half an hour, the leaders of the two parties are understood to have discussed the key issue of seat-sharing among alliance partners in the NDA, which also includes Ram Vilas Paswans Lok Janshakti Party (LJP).
Cabinet approves amendments to 3 Labour codes
The codes – to be moved in the forthcoming monsoon session of Parliament – will allow states to introduce significant changes to their labour laws framework, such as rules for retrenchment, through notifications.
India now known as 'rape capital', says Rahul Gandhi
"The girls, sisters and mothers must be shocked when they read newspapers that every day a girl is raped or killed... The international community today ridicules India. India is known as the rape capital of the world," Congress leader Rahul Gandhi said. Directly attacking the Prime Minister, Gandhi said Modi represents the worst aspects of the country.
Nirmala Sitharaman to move the Banking Regulation (Amendment) Bill, 2020 in Lok Sabha
Union Finance Minister Nirmala Sitharaman will move the Banking Regulation (Amendment) Bill, 2020 for consideration and passage in Lok Sabha on Thursday.