Around the Globe

Around the Globe

NPA pains to spill over into next FY

Weak asset quality will continue to plague credit profile of banks, with their profitability remaining – under pressure till the next financial year, says a report.
“Asset quality will remain a negative driver of the credit profiles of most rated banks in the country and the stock of impaired loans. Non-performing loans (NPLs) and standard restructured loans will still rise during the horizon of our outlook that lasts till the next financial year,” Alka Anbarasu, a vice-president and senior analyst at Moody's, said in a report on Monday.

OMCs may end up footing e-payment charges for petrol

To retain customer interest in e-payments at petrol pu­m­ps, the government may seek the support of public sector oil marketing companies (OMCs) to pay charges levied by banks on card transactions at fuel stations.
If the plan goes through OMCs will have to incur Rs 600 crore extra burden over a 3-month period on this co­u­nt. It would be over and above an estimated Rs 600-700 crore for the period up to March 31 due to a disc­o­unt of 0.75 per cent on purc­h­ase of fuel thro­ugh credit/debit cards and e-wallets.

Best & worst airlines in the world

For those who insist that traveling is all about the journey, we say this: It really depends on which carrier you’re flying.
Aside from variations in cabins and service quality, there’s the major concern of how likely you are to get delayed. Fly on the wrong airline and your odds of a delay are as high as 55 per cent; choose the right one and that number shrinks way down to just 11 per cent. That’s enough to make or break a vacation's spell, no matter where you're sitting on the plane.

Rlys, NBCC may join hands for smart stations

State-owned construction major NBCC is close to clinching a deal with the Indian Railways for redeveloping about a dozen railway stations, says company’s top boss. “Talks with the railway ministry is on and we may get contract to redevelop 10-12 railway stations,” Anoop Kumar Mittal, chairman and managing director, NBCC, told Financial Chronicle.
The railways has identified nearly 400 ‘A-1’ and ‘A’ category stations, mostly located in metros, major cities, pilgrimage places and key tourist destinations, for redevelopment by private developers.

Netaji-Tipu poll opera on

The factional war in the Samajwadi Party escalated on Monday with the Akhilesh camp seeking an early decision on the disputed party symbol while the embattled Mulayam Singh Yadav urging Rajya Sabha chairman to derecognise his cousin Ramgopal Yadav as leader of the party.
The Election Commission was busy on Monday hearing petitions filed by Mulayam Singh Yadav and his son Akhilesh staking claim on Samajwadi Party poll symbol “cycle”. The two camps presented themselves as the rightful claimants of the symbol presenting documents to settle who is the real leader of the party.

PAC can summon PM on DeMo: Panel head

The Public Account Committee (PAC) of Parliament can summon the prime minister if it is not satisfied with the examination of the Reserve Bank of India governor Urjit Patel and top finance ministry officers to explain the demonetisation move.
Panel’s chairman KV Thomas, a Congress MP, said that PAC has powers to call the prime minister.
All others involved with the decision to ban old notes of Rs 100 and Rs 500, will appear before PAC on January 20.

FM sees comfort in higher tax mopup

Citing the upward trend in tax collection figures in December last year, finance minister Arun Jaitley on Monday allayed fears of economy slowing down due to demonetisation.

Lt Governor & CM should bury hatchet in larger interest of devpt

Opposition AIADMK has requested both Lt Governor Kiran Bedi and the Narayanasamy led Congress ministry to sink their differences and strive for the development of Puducherry in various sectors.

Addressing reporters here today, party's legislature wing leader A Anbalagan said differences between the Lt Governor and the Congress government witnessed ever since the ministry was formed in June last year have affected welfare of the people.

Customers can pay at oil pumps via cards post Jan 13 sans fee

Credit and debit cards will continue to be accepted at petrol pumps even after January 13 without customers having to pay transaction charges, the government said today.

Banks and oil companies are in discussions as to who should bear these charges, it said a day after averting a crisis that would have hit millions of people as oil pump owners threatened to stop taking card payments.

Ex-IAF chief Tyagi's offence shamed country: CBI to HC

CBI today alleged in the Delhi High Court that former IAF chief S P Tyagi, accused in the AgustaWestland chopper scam case, has committed a serious offence which "shames the country" and the order passed by the trial court granting him bail was "illegal".

The agency, which has challenged the bail granted to Tyagi, claimed before Justice I S Mehta that it was a serious matter and the accused was trying to delay the proceedings before the high court as several other persons, who are involved in the case, want him to remain out of jail.