Tag Archives: public

‘Stop parking funds in public accounts’

Government directive to local bodies As part of the government bid to ease the strain on the State’s finances, all departments and autonomous bodies have been directed to desist from parking their funds in public accounts and be more frugal. On finding that substantial sums have been deposited in public accounts of autonomous institutions and various departments, the Centre has ... Read More »

Public Accounts Committee meet finds fault with Finance Dept officials on over drawing

Public Accounts Committee meet finds fault with Finance Dept officials on over drawing  Amaravati: The Public Accounts Committee (PAC), in its meeting held at AP Assembly on Monday, finds fault with the Finance Department officials for continuously going for over drawing (OD). The PAC Chairman & YSRCP MLA Buggana Rajendranath Reddy warned the officials for not maintaining and not submitting accounts from ... Read More »

Indian markets closed today for public holiday

The broader NSE index fell 0.57% on Friday, closing at its lowest since 25 May. The benchmark BSE index fell 0.49%. Photo: Hemant Mishra/Mint Mumbai: India’s stocks, bonds and currency markets will be closed on Monday for a public holiday. Trading will resume on Tuesday. The broader NSE index fell 0.57% on Friday, closing at its lowest since 25 May. ... Read More »

Resolving stressed assets in public sector banks

The Reserve Bank of India (RBI). Photo: Pradeep Gaur/Mint The Reserve Bank of India (RBI) top brass has been batting for a number of ways to resolve public sector bank problems. In a lucid speech, deputy governor Viral Acharya suggested options like raising private capital, mergers, and divestments. RBI governor Urjit Patel, in the Third Kotak Family Distinguished Lecture delivered ... Read More »

When is the next bank holiday in 2017? All the public holidays and long weekends coming up in the UK

THERE’S nothing like a three-day weekend boost the mood, and there are still a few bank holidays on the horizon. Whether you’re planning a long weekend away or just craving an extra lie-in – here’s the lowdown on the rest of 2017’s bank holidays. GETTY IMAGES 2 If a bank holiday falls on a weekend, it will normally be shifted to the ... Read More »

Public sector bank merger healthy for banking system RBIs Urjit Patel

New York: RBI governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to have fewer but healthier entities, as it would help in dealing with the problem of stressed assets. “As many have pointed out, it is not clear that we need so many public sector banks. The system ... Read More »

Fall in public borrowing keeps UK on track for new 2016/17 budget goal

Britain’s budget gap narrowed last month, keeping Chancellor Philip Hammond on track to meet his new, less ambitious deficit reduction goals, but the country’s fiscal watchdog said future months would pose a tougher test. Last month Hammond formally abandoned his predecessor George Osborne’s goal to run a budget surplus by 2020, as the Office for Budget Responsibility pencilled in a ... Read More »

NHAI’s public issue of tax-free bonds oversubscribed

National Highways Authority of India’s (NHAI) public issue of tax-free bonds saw considerable response on Wednesday even as investors bid 2.76 times the notified amount of Rs 3,300 crore, according to information provided by bond arrangers by evening. The highest subscription came from the corporates category at 6.6 times the allotted size of Rs 660 crore. This was followed by ... Read More »