No plan to merge PSBs; recovery from written-off loans improved: Finance Ministry
Business

No plan to merge PSBs; recovery from written-off loans improved: Finance Ministry

No merger or amalgamation of Public Sector Banks (PSBs) is on the cards, the Finance Ministry informed Rajya Sabha on Tuesday. It also presented data

Low fund utilisation plagues Housing and Urban Affairs Ministry
Business

Low fund utilisation plagues Housing and Urban Affairs Ministry

India’s Ministry of Housing and Urban Affairs (MoHUA) has not been able to make requisite spending across projects and fund utilisation. Just about 50 per

Parliamentary panel raises concern over underutilisation of funds by rural development ministry
Business

Parliamentary panel raises concern over underutilisation of funds by rural development ministry

Casting doubts about the Rural Development Ministry’s ability to utilise the unspent 35 per cent of Budget allocation of about ₹1.74 lakh crore (Revised Estimate),

Finance Ministry notifies 10-year Zero Coupon Bond of Power Finance Corporation
Business

Finance Ministry notifies 10-year Zero Coupon Bond of Power Finance Corporation

Finance Ministry has notified Zero Coupon Bond (ZCB) for Power Finance Corporation. The company can raise up to ₹10,000 crore. ZCB is an instrument that

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