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  Doubling tax-free gratuity limit to Rs 20 lakh to benefit PSU, private sector employees: Finance Minister

  Budget | March 05, 2019 17:09 IST

  "Income Tax Exemption for Gratuity under Section 10(10)(iii) of the Income Tax Act has been enhanced to Rs 20 lakh. Would benefit all PSU employees and other employees not covered by Payment of Gratuity Act," Finance Minister Arun Jaitley said in a tweet.

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  In booster shot for economy, govt nudges PSUs to step up capital expenditure by Rs 25,000 cr

  Business | September 29, 2017 10:47 IST

  FM Arun Jaitley has warned CPSEs that “no slackness” would be tolerated if they falter on capital spending.

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  PSU banks threaten to go on strike on Tuesday, services may be hit

  August 20, 2017 13:23 IST

  Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike.

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  Government asks PSU banks to do forensic audit of defaulters

  March 18, 2017 18:25 IST

  The government and the Reserve Bank of India are inching forward to conclude a number of changes in the rules to cut-down the proportion of bad loans in the banking sector. This move is a prerequisite to kick-start the investment cycle and push the g

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  Govt's plan to merge 13 PSUs to create oil giant not good for consumers, pvt retailers: Report

  February 07, 2017 18:22 IST

  Finance Minister Arun Jaitley in his Budget for 2017-18 proposed to merge some of the 13 state oil firms to create an integrated public sector oil major.

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  Centre okays plan to sell loss-making PSUs, subsidiaries

  October 28, 2016 11:34 IST

  The Union Cabinet today gave in-principle approval to NITI Aayog's proposal for strategic sale of sell loss-making state-owned companies, subsidiaries and select manufacturing plants to the private players. The Cabinet meeting, chaired by Prime Minis

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  Centre strategises disinvestment plan for 22 PSUs

  October 03, 2016 11:07 IST

  In a bid to achieve a full-year disinvestment target of Rs 56,500 crore, Modi government has prepared a plan for disposal of controlling stakes in 22 listed and unlisted companies. According to a report in

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  Flipkart effect: As start-ups face tougher scrutiny at IITs, PSUs strike a comeback

  August 08, 2016 13:28 IST

  With several start-ups having defaulted on their recruitment promises to new recruits from premier business and engineering institutes, the IITs are now mulling changes in their placement policies to ensure that students don't face a

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  Government sells $5-billion PSU shares in 2015, readies next year pipeline

  December 21, 2015 0:09 IST

  New Delhi: The government's disinvestment kitty has almost doubled this year with over Rs 35,000 crore garnered through stake sales in PSUs, but not without the help of its all-time saviour Life Insurance Corporation (LIC),

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  Sensex down 28 points in early trade on profit-booking

  October 20, 2015 11:23 IST

  Mumbai: The benchmark BSE Sensex fell almost 28 points in early trade today due to profit-booking by investors after recent gains amid mixed Asian cues.The 30-share barometer edged lower by 27.97 points, or 0.10 per

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  Half of listed PSUs do not have woman directors; even a week after the deadline is over

  April 07, 2015 9:45 IST

  New Delhi: Even after a week of the March 31 deadline announced by market regulator SEBI, almost 90 per cent of listed Public Service Units (PSUs) have failed to meet the requirement of appointing women

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  Bank unions defer proposed 4-day strike

  January 19, 2015 23:43 IST

  New Delhi: PSU bank employees' unions have deferred the proposed four-day strike from January 21 after the management of banks (IBA) assured that wage related issues will be resolved by early February.“Four-day strike has been

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  Narendra Modi will launch financial inclusion campaign: Jaitley

  Politics | July 31, 2014 16:20 IST

  New Delhi: Prime Minister Narendra Modi will launch the government's campaign for financial inclusion to ensure that 7.5 crore households that do not have access to banking have at least two accounts.The efforts will also

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  Fin Min asks PSU banks to improve CASA level, focus on recovery

  May 05, 2014 16:49 IST

  New Delhi: The Finance Ministry has asked public sector banks to step up efforts for mobilising low-cost CASA deposits and focus on recovery in a bid to improve their financial performance. “Banks have been asked to

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  Courts can't order recovery after quashing appointment: SC

  India | November 04, 2013 20:53 IST

  New Delhi: The Supreme Court has held that courts cannot order recovery of the amount of an employee while quashing the appointment as the denial of pay for the service rendered would amount to “impermissible”

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  Markets having cracker of a time; Nifty hits 6,300, banks lead

  October 31, 2013 21:41 IST

  Mumbai: Pre-Diwali fireworks continued unabated in the stock market as robust buying amid growing confidence about economic recovery propelled the benchmark index Nifty to its highest level in three years on the National Stock Exchange

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  Government concerned about bad loans, will monitor large NPAs: P Chidambaram

  October 22, 2013 23:48 IST

  New Delhi:  Attributing rising bad loans in the banking sector mainly to large borrowers, Finance Minister P Chidambaram today said the government will monitor 30 NPA accounts of each PSU bank to recover dues and

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  Top 30 NPA accounts of PSU banks under government scanner: FM

  October 22, 2013 16:50 IST

  New Delhi: Concerned over defaults by big borrowers, Finance Minister P Chidambaram today said the government is monitoring the top 30 NPA accounts in each PSU bank and asked the lenders to set up separate

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  PNB, OBC cut lending rate on car loans; SBI to follow suit

  October 08, 2013 23:27 IST

  New Delhi: Within days of government promising more funds to PSU banks, state-run lenders PNB and OBC today cut lending rate on auto and consumer durable loans by up to 2.50 per cent to cash

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  I-T department slaps Rs 1,631-cr tax notice on NMDC

  September 10, 2013 16:53 IST

  HYDERABAD: The Income Tax Department slapped a Rs 1,631-crore demand notice on the State-owned National Mineral Development Corporation (NMDC) Ltd for assessment years 2006—07, 2007—08, 2008—09 and 2009—10, alleging the PSU had under-invoiced some export