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‘Bringing oil under GST won’t solve problem of rising prices’

DNMUM415982 | 6/12/2018 | Author : Anjul Tomar | WC :1209

POLICY CORRIDOR Principal economic advisor Sanjeev Sanyal expects PSU banks to be on track in a quarter or two

The government is trying to get back on track the country’s banking sector which is under tremendous stress due to a staggering level of bad loans. Sanjeev Sanyal, principal economic advisor to the finance ministry, in conversation with Anjul Tomar, talks about how he expects the public sector banks to be on track in a quarter or two. Sanyal advises the government to clean the banks’ balance-sheets and get them to start lending normally first, rather than jumping to consolidation. And once that happens, the economy will see more growth, he says.
How will the hike in repo rate impact the growth momentum?
Capital becomes more expensive when the central bank increases rates. The government only gave RBI (Reserve bank of India
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Centre banking on EU to find ways to buy Iran oil
DNMUM422658 | 9/21/2018 12:00:00 AM | Author : Iftikhar Gilani | WC :269

New Delhi: Even as Chennai Petroleum has decided to stop processing Iranian crude oil from October to keep its insurance coverage, highly placed sources in the government here said that India was exploring a way out with the European Union for an alt
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Combination drugs ban hit to be marginal
DNMUM422663 | 9/21/2018 12:00:00 AM | Author : Edit | WC :231

After the ministry of health and family prohibited manufacture, sale and distribution of 328 fixed dose combination (FDC) drugs last week, the Supreme Court on Monday lifted the ban on four drugs, including Saridon, Piriton and Dart. The order came a
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OMDC settles creditor dues, comes out of NCLT
DNMUM422664 | 9/21/2018 12:00:00 AM | Author : Sumit Moitra | WC :284

Kolkata: Orissa Minerals Development Company (OMDC), a subsidiary of state-owned Rashtriya Ispat Nigam Ltd, has been able to settle dues of creditors.
The company has now come out from National Company Law Tribunal (NCLT) even after the initiati
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Gammon offers to settle terminal debt
DNMUM422665 | 9/21/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :576

Mumbai: Gammon Infrastructure Projects, the developer for Indira Container Terminal Private Ltd at the Mumbai Port Trust, plans to make a one-time settlement of around Rs 477 crore to the lenders if the project goes for re-bidding.
The rebid
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