Indian economy has moved away from twin-balance sheet problem, banks now profitable: Nirmala Sitharaman – Times of India

[ad_1] NEW DELHI: Finance minister Nirmala Sitharaman said on Saturday that the Indian economy has moved away from the twin-balance sheet problem of banks and corporates to twin-balance sheet advantage because of the concerted efforts of the Modi government.Profit of public sector banks increased to Rs 1.04 lakh crore in 2022-23, tripling from what it … Read more

9 Years Of Narendra Modi’s Government: Major Changes In Income Tax Rules

[ad_1] New Delhi: Today (May 30), the Narendra Modi-led NDA has served in office for nine years. After Jawaharlal Nehru, Indira Gandhi, and Manmohan Singh, Modi is the fourth longest-serving prime minister and the first from a non-Congress party. He was elected with a comfortable majority and took office on May 26, 2014. The following nine various … Read more

Rbi: RBI to transfer Rs 87,416 crore surplus to govt for FY23 – Times of India

[ad_1] MUMBAI: The Reserve Bank of India board has approved a surplus transfer of Rs 87, 416 crore ($10.69 billion) to the government for the fiscal year ended March, it said in a statement on Friday.The government had budgeted a dividend of 480 billion rupees for FY23 from the central bank, state-run banks and other … Read more