Russia will create a new bank to finance defence needs and major state contracts in the wake of Western sanctions, the Russian Finance Ministry has said.
FinMin is planning to simplify the form which consumers are required to fill to submit their complaints against businesses that are indulging in profiteering.
Mess facility provided to students and staff will attract 5 percent GST irrespective of whether it is provided by educational institution or outside contractor.
Benchmark Sensex reversed a three- session slide to end at 33,970 today after the government moved forward on its bank recapitalisation programme.
The govt has notified a new 7.75 percent taxable bond scheme to replace the earlier 8 percent scheme for retail investors.
The FinMin has approved proposal for infusion of Rs 7,577 cr in 6 weak PSBs as part of the recapitalisation plan to bolster capital adequacy ratio.
The finance ministry directed all PSBs and insurance companies to provide their customers access to clean toilets at branches.
The govt said the bill seeks to protect and enhance depositors' "existing rights and bring in a comprehensive and efficient resolution regime for financial firms".
Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs 2,000.
The finance ministry has asked PSBs to explore options for selling and swapping of loan assets with other lenders with a view to strengthen their balance sheets.
INDIAN OIL CORPORATION
Board to consider bonus issue on Jan. 30.
HPCL may acquire MRPL in cash and share swap deal
HPCL may buyout ONGC shares which is worth roughly Rs 16,000 Cr
Financial Express Reports
Gets four orders worth Rs 871 Cr
Gets Rs 282 Cr order from APTRANSCO to supply, construct substations
To also set up associated transmission line work for APTRANSCO
Gets Rs 100-cr order from Bangladesh power co, Nepal’s electricity body
Order includes 400 KV double circuit transmission line from Bangladesh
Nepal order includes setting up of 132 KV Transmission Line
Gets Rs 123 Cr order from CORE to commission rail electrification work
Gets pipeline augmentation work in Rajasthan for Rs 366 Cr from a pvt client