Saddled with a debt of Rs 91,000 crore, the company has defaulted on several payments, the latest one being the LoC payment for the IDBI Bank.
23 Sep 2018
Mumbai-Ahmedabad bullet train project faces another hurdle as financing agency JICA stops fund release
JICA had agreed to provide nearly Rs 80,000 crore for the High-Speed Rail Project, the cost of which was estimated at Rs 1 lakh crore, but so far, only Rs 125 crore has been released.
22 Sep 2018
It further alleges that IL&FS was involved in land scams in Odisha, Nagaland, Rajasthan and Madhya Pradesh.
19 Sep 2018
After Raghuram Rajan's letter on bad loans, Modi government set to review all fraud complaints received
The top banker’s missive gave Opposition a chance to attack Prime Minister Narendra Modi, saying that PMO sat on the letter and took no action.
15 Sep 2018
Amid concerns falling currency and as the FPIs have already turned net sellers of stocks in 2018, the Finance Ministry last week asked SEBI to review its impact.
11 Sep 2018
While the government will brainstorm on the future course of action on these issues, the primary focus of participants will be how to effectively present the government’s rationale behind any decision
08 Sep 2018
The official further hinted that until they get a signal from the Prime Minister’s Office, they will stick to their fiscal discipline.
06 Sep 2018
The Union government is planning a bureaucratic reshuffle in the Ministry of Finance ahead of the general elections.
03 Sep 2018
According to the sources in the Finance Ministry, the team will visit the state in the first week of September.
30 Aug 2018
The court, however, asked the Centre to talk to the central bank to get some relief for the petitioners using the provisions of the RBI Act within 15 days.
30 Aug 2018
With August 27 deadline round the corner, 34 power companies are at the mercy of banks.
26 Aug 2018
Jaitley had stopped attending office since April, after which he underwent a renal transplant operation on May 14.
24 Aug 2018
According to sources in various ministries, the government has mandated selected ministries to identify the dominant industry voices.
23 Aug 2018
An additional Rs 15,000 cr-Rs 20,000 cr will be garnered from aggressive tax collection.
19 Aug 2018
NITI Aayog will be coming up with a roadmap to help the aviation sector lose the baggage of high fuel prices and cheap tickets by the end of September.
15 Aug 2018