With the BJP pulling out from the Mehbooba Mufti-led government in Jammu and Kashmir on Tuesday, Operation All-Out@2 is set to begin with a renewed thrust to eliminate Kashmiri militants and destroy their networks.
Delhi Chief Minister Arvind Kejriwal on Tuesday called off his nine-day sit-in at the LG’s office after IAS officers started attending meetings with ministers, which the AAP chief termed as a “small victory”. AAP supporters cheered Kejriwal as he came out of the LG’s office and later he was given a welcome at his residence where he addressed party workers.
There is enough liquidity in the banking system to lend to genuine borrowers despite some banks struggling due to RBI’s supervision (prompt corrective action – PCA), high provisions and mounting non-performing assets (NPAs).
Speaking to reporters after meeting heads of public sector banks (PSBs) here on Tuesday, finance minister Piyush Goyal said bankers have decided to embark on a strategy to give a push to lending to genuine corporate borrowers as well as small businesses with a view to support the uptick in the economic activity.
State Bank of India, the country's largest lender, on Tuesday said it is not looking at any more consolidation after merging five of its associate banks and the Bharatiya Mahila Bank with it. SBI chairman Rajnish Kumar, however, said the banking ecosystem is too fragmented and the idea of mergers needs detailed deliberations.
The current account deficit at 2.5 per cent of the gross domestic product won’t be a worry as the government has the required instruments to deal with any imbalance created due to foreign fund outflow, economic affairs secretary Subhash Chandra Garg said on Tuesday.
“The 2-2.5 per cent CAD is not a problem for us. If there is stability, in the current year capital account (inflows) should be good enough to take care and we may not worry even if it (CAD) reaches 2.5 per cent,” Garg said.
Malaysian carrier AirAsia Group Berhad on Tuesday said that lobbying for the removal of 5/20 norm was done without making any “unlawful payments” and all the required approvals for its Indian joint venture with Tatas were obtained through normal channels.
The latest statement comes against the backdrop of the CBI probing AirAsia and other officials, including Group CEO Tony Fernandes, for allegedly trying to manipulate government policies through corrupt means to get international licence for AirAsia India.
In a surprise move, the BJP on Tuesday pulled out of the three-year-old ruling coalition with the PDP in Jammu and Kashmir and called for governor’s rule, which appeared imminent, after which chief minister Mehbooba Mufti quit.
In the wake of Indian airlines placing orders for 900 aircraft worth over $45 billion, the government is working on a plan for tapping the big corpus of pension funds and insurance companies to finance acquisition and leasing of airplanes.
Current account deficit (CAD) at 2.5 per cent of GDP won't be a worry as the government has the required instruments to deal with any imbalance created due to foreign fund outflow, Economic Affairs Secretary Subhash Chandra Garg said today.
"2-2.5 per cent CAD is not a problem for us.... If there is stability, in the current year capital account (inflows) should be good enough to take care and we may not worry even if it (CAD) reaches 2.5 per cent," Garg said.
Recently, Japanese watch manufacturer Casio, roped in Bollywood actor Jacqueline Fernandez as brand ambassador for its women’s range of wrist watches – Sheen, Baby-G and Enticer. With Jacqueline on-board and a growing range of women’s watches, Casio has an exciting line-up of activities and launches being planned over a period of time.