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Coming from the highest levels of policymaking, such a candid approach is welcome(Virendra Singh Gosain/HT PHOTO)

HTLS 2019: A road map for economic revival

Hindustan Times | By HT Correspondent
UPDATED ON DEC 08, 2019 05:37 PM IST
The finance minister’s prescriptions are positive. Build on them
Private sector lenders have said there is no liquidity crisis in the banking system and they are willing to participate in loan festivals meant to boost consumption ahead of the festival season, Union finance minister Nirmala Sitharaman said on Thursday.(ANI Photo)
Private sector lenders have said there is no liquidity crisis in the banking system and they are willing to participate in loan festivals meant to boost consumption ahead of the festival season, Union finance minister Nirmala Sitharaman said on Thursday.(ANI Photo)

Haven’t heard about liquidity as a problem from anybody: Nirmala Sitharaman

New Delhi | By Rajeev Jayaswal
UPDATED ON SEP 27, 2019 02:03 AM IST
India’s economic growth is expected to recover in the last two quarters of the current financial year since consumer demand is expected to pick up during the festive season, the finance minister added.
Nitin Gadkari assured that there were no plans to ban conventional petrol and diesel vehicles.(ANI Photo)
Nitin Gadkari assured that there were no plans to ban conventional petrol and diesel vehicles.(ANI Photo)

No plan to ban petrol, diesel vehicles, says Nitin Gadkari amid crisis in auto sector

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUN 26, 2020 08:30 PM IST
Nitin Gadkari, who was addressing the annual meet of the Society of Indian Automobile Manufacturers (SIAM), said the government is considering a cut in the goods and services tax (GST) rate for hybrid vehicles.
In September 2018, the RBI allowed banks to co-originate priority sector loans with non-banks.(Photo: Mint)
In September 2018, the RBI allowed banks to co-originate priority sector loans with non-banks.(Photo: Mint)

Bank of Baroda plans to purchase Rs 5,600-crore loans from NBFCs in Q2

Mumbai | By Shayan Ghosh
UPDATED ON AUG 26, 2019 09:32 PM IST
Finance minister Nirmala Sitharaman had announced in July that the government will provide a one-time six-month partial credit guarantee to public sector banks for the first loss of up to 10% for purchasing high-rated assets from non-bank lenders.
Raebareli: People stand near the site of accident in which the Unnao rape survivor was seroiusly injured after the car in which she was travelling collided with a truck, near Raebareli.(PTI)
Raebareli: People stand near the site of accident in which the Unnao rape survivor was seroiusly injured after the car in which she was travelling collided with a truck, near Raebareli.(PTI)

Unnao case: Truck owner reiterates number plates blackened to avoid seizure

Lucknow | By Saurabh Chauhan
UPDATED ON AUG 04, 2019 07:53 PM IST
The non-banking finance company-- Orix Leasing and Financial Services Limited -- on Saturday had, however, denied having threatened to seize the truck or issued any seizure notice in the past.
The truck involved in the Rae Bareli mishap, in which Unnao rape survivor and her lawyer got critically injured and two of her aunts died on Sunday(PTI)
The truck involved in the Rae Bareli mishap, in which Unnao rape survivor and her lawyer got critically injured and two of her aunts died on Sunday(PTI)

Unnao case: Truck was not on seizure notice as claimed by owner

Lucknow | By Saurabh Chauhan
UPDATED ON AUG 03, 2019 11:42 PM IST
During interrogation on Monday the owner had told the police that he had smeared its number plate with black paint to dodge the finance company.
A man was allegedly duped of Rs4.61 lakh by four con men, who posed as executives of a finance company and offered him a loan of Rs5 lakh.(Getty Images/iStockphoto)
A man was allegedly duped of Rs4.61 lakh by four con men, who posed as executives of a finance company and offered him a loan of Rs5 lakh.(Getty Images/iStockphoto)

Man seeking Rs5L loan duped of Rs4.61 lakh

Gurugram | By HT Correspondent
UPDATED ON JUL 19, 2019 05:52 AM IST
Police said that the suspects fooled him by asking him to deposit fees for miscellaneous charges for the approval of his loan. The man ended up paying Rs4.61 lakh before realising he had been duped.
The Naupada police recovered the 17 motorbikes sold by the accused.(Praful Gangurde/ HT Photo)
The Naupada police recovered the 17 motorbikes sold by the accused.(Praful Gangurde/ HT Photo)

Two recovery agents cheat finance company in Thane, arrested

Hindustan Times | By Amit Srivastava, Thane
UPDATED ON JUL 11, 2019 12:51 AM IST
The two allegedly recovered around 17 motorcycles from loan defaulters and sold them for around 6.25 lakh without the company knowing about the transactions
Elaborating on “virtuous cycle”, she said the government’s policy measures would also increase wages, and money will reach the rural poor through direct benefit transfer.(HT Photo)
Elaborating on “virtuous cycle”, she said the government’s policy measures would also increase wages, and money will reach the rural poor through direct benefit transfer.(HT Photo)

Labour reforms, public expenditure on infra to boost economy, says Sitharaman

New Delhi | By Rajeev Jayaswal
UPDATED ON JUL 07, 2019 10:43 PM IST
Sitharaman said other measures, including policy push to micro, small and medium sector, focus on rural economy, affordable housing and labour reforms would kick in a process of virtuous cycle and pep up consumption.
In addition, to improve retail participation in treasury bills and government securities, the government is drawing up plans to allow for seamless transfer between RBI and depositories.(HT Photo)
In addition, to improve retail participation in treasury bills and government securities, the government is drawing up plans to allow for seamless transfer between RBI and depositories.(HT Photo)

Rs 70,000 crore infusion plan for state banks, more power to RBI

New Delhi, Mumbai | By S Gopika Gopakumar & Shayan Ghosh
UPDATED ON JUL 05, 2019 10:59 PM IST
Part of the plan includes empowering Reserve Bank of India (RBI) with sweeping powers over non-banking finance companies (NBFCs).
Krishnamurthy Subramanian, the Chief Economic Advisor, may try to give not-to-common ideas on the key indices which are facing challenges.(PTI PHOTO.)
Krishnamurthy Subramanian, the Chief Economic Advisor, may try to give not-to-common ideas on the key indices which are facing challenges.(PTI PHOTO.)

Economic Survey to have out-of-box ideas for long-term economic revival

New Delhi | By Indo Asian News Service
UPDATED ON JUL 04, 2019 07:52 AM IST
NBFCs (non-banking finance companies) and liquidity in the credit system are also set for higher importance given their manifestation in the slowdown demanding due attention. NBFCs have been under liquidity pressure after the series default by Infrastructure Leasing & Financial Services (IL&FS) in September last year.
Most financial institutions will ask you to pay a penalty besides the interest and principal amount on the loan.(HT File Photo)
Most financial institutions will ask you to pay a penalty besides the interest and principal amount on the loan.(HT File Photo)

How failure to repay loans impacts you

Hindustan Times, Gurugram | By HT Correspondent
PUBLISHED ON MAY 28, 2019 10:31 AM IST
Here’s what happens if you have taken a loan from a bank or non-banking finance company, and fail to repay on time.
The ministry of road transport and highways collects and holds data as part of issuance of vehicle registration certificates (RC) and driver licenses (DL).(Picture for representation)
The ministry of road transport and highways collects and holds data as part of issuance of vehicle registration certificates (RC) and driver licenses (DL).(Picture for representation)

Government clears policy to sell vehicle registration data

Hindustan Times, New Delhi | By Anisha Dutta
UPDATED ON MAR 13, 2019 10:36 AM IST
On March 8, the government approved a Bulk Data Sharing policy, enabling it to monetise a database of vehicle registration certificates, citing benefits to the “transport and automobile industry”, even as the issue of privacy and data protection looms large over such sharing.
Police said the suspects took the digital video recorder (DVR) of the CCTV and left their country-made pistol at the scene of the crime.(AFP/Picture for representation)
Police said the suspects took the digital video recorder (DVR) of the CCTV and left their country-made pistol at the scene of the crime.(AFP/Picture for representation)

Robbery attempt at Gurugram finance firm foiled, three men booked

Gurugram | By HT Correspondent
PUBLISHED ON FEB 28, 2019 05:43 AM IST
An alleged robbery bid at a finance company in Gurugram was foiled on Wednesday afternoon after public gathered outside the company’s office in Sector 7, forcing the four suspects to flee the spot.
The appointment of former economic affairs secretary Shaktikanta Das as the governor of the Reserve bank of India seems to have created a flutter(PTI)
The appointment of former economic affairs secretary Shaktikanta Das as the governor of the Reserve bank of India seems to have created a flutter(PTI)

Shaktikanta Das should be guided by the country’s interests

Hindustan Times | By HT Correspondent
UPDATED ON DEC 12, 2018 07:23 PM IST
Das’ credentials can’t be discounted. It also seems a bit unfair to judge him for his views on demonetisation – as a senior bureaucrat in the finance ministry, he couldn’t very well have criticised a policy of his own government.
The Reserve Bank of India will probably keep interest rates unchanged on Wednesday, with the decision itself likely to be a sideshow to Governor Urjit Patel’s press conference -- his first since an acrimonious debate with the government over the central bank’s autonomy.(Reuters file photo)
The Reserve Bank of India will probably keep interest rates unchanged on Wednesday, with the decision itself likely to be a sideshow to Governor Urjit Patel’s press conference -- his first since an acrimonious debate with the government over the central bank’s autonomy.(Reuters file photo)

RBI keeps key interest rates unchanged, GDP pegged at 7.4%

Mumbai | By Bloomberg
UPDATED ON DEC 05, 2018 04:45 PM IST
The bank also projected the Gross Domestic Production (GDP) for 2019-20 at 7.4% while Inflation projection of second half of 2018-19 is 2.7-3.2%.
The Indian economy, which till recently was the subject of much bragging and chest thumping, is beset with headwinds(PTI)
The Indian economy, which till recently was the subject of much bragging and chest thumping, is beset with headwinds(PTI)

Harsh winds ahead for India’s political economy

By Udayan Mukherjee
UPDATED ON OCT 27, 2018 05:43 PM IST
We had four years of relative macro-economic stability but could not use that to rev up growth and create more jobs. Our exports engine remains broken. Now, as the economic tide turns, coinciding with a tricky electoral season, the country finds itself in a vulnerable state.
Capt Aamrinder Singh(HT File)
Capt Aamrinder Singh(HT File)

Punjab cabinet approves bill to make financial fraud on investors non-bailable offence

Hindustan Times, Chandigarh | By HT Correspondent
UPDATED ON JUN 01, 2018 11:15 AM IST
The Punjab Protection of Interests of Depositors’ (in Financial Establishments) Bill, 2018, has been brought following several complaints of fraud received by the Punjab government.
The second accused in the case is yet to be held.(HT FILE)
The second accused in the case is yet to be held.(HT FILE)

Mumbai teen offered top-up loans, duped 2, held

By Aritra Hazra, Mumbai
UPDATED ON APR 18, 2018 12:13 AM IST
A 19-year-old, along with his 21-year-old brother, cheated people by offering them extra loan amount and by taking money for documentation.
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