Govt seeks nod for Rs 800 bn PSB recap through bonds

Govt seeks nod for Rs 800 bn PSB recap through bonds Expects to issue these before end of fiscal year The Finance Ministry sought Parliament´s approval to spend Rs 800 billion extra this fiscal year to recapitalise state owned through bonds. Thursday´s move kick starts the Rs 1.35 trillion bank recapitalisation bond programme announced by […]

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Services sector growth improves in December

Services sector growth improves in December Combined services, manufacturing PMI fastest since demonetisation.India´s economy has a reason to cheer in the New Year with its biggest sector —services —rebounding to growth in December from contraction in November, though the expansion is moderate, according to a widely tracked Nikkei Purchasing Managers´ Index (PMI). With manufacturing sector […]

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CBI failed to challenge 2015 excess spectrum order: Public prosecutor

CBI failed to challenge 2015 excess spectrum order: Public prosecutor The public prosecutor in the 2G spectrum case, Anand Grover, told the Supreme Court that the Central Bureau of Investigation (CBI) had not followed his recommendation to challenge a 2015 special court order acquitting all the accused in the excess spectrum case. Grover made the […]

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