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With a strong focus on enhancing multi-domain warfare readiness and operational preparedness, the Air Force's Western Command held a two-day Commanders' Conference from December 6 to 7 in New Delhi. During the conference, Air Force Chief Singh reiterated the importance of this year’s theme, "Bharatiya Vayu Sena - Sashakt, Saksham, Atmanirbhar". The Air Force chief further laid strong emphasis on …

Dr. Reddy’s Foundation Sashakt Scholarship An initiative of Dr. Reddy’s Foundation. Rewards: ₹80,000 per annum for three years Application: Online Deadline: October 30 www.b4s.in/edge/RFTS4 NSP Pre-Matric Scholarship for Students with Disabilities An initiative of the Department of Empowerment of Persons with Disability, Government of India. Rewards: Maintenance allowance of up to ₹1,000, disability allowance of up to ₹4,000, and a …

Prime Minister Narendra Modi cited a host of women-centric schemes of his government to assert that only a society which boosts women's standing and creates opportunities for them can advance. His third term will write a new chapter in the rise of women’s power, Mr. Modi said at a ‘Sashakt Nari-Viksit Bharat’ programme, exuding confidence of retaining power in the …

Prime Minister Narendra Modi on March 11 claimed that over 1 crore women have become 'Lakhpati Didis' due to various government schemes, while addressing the Sashakt Nari-Viksit Bharat programme in Delhi. Over 1 crore women have become 'Lakhpati Didis' due to various government schemes said PM Modi at the event. The PM also handed over drones to 1,000 Namo Drone …

RBI's new framework to expedite resolution of stressed assets: Sashakt committee on bad loans

The Reserve Bank on Friday had replaced a tough norm on NPA categorisation by lenders, as it was quashed by the Supreme Court in April New Delhi: The mandatory norm of inter-creditor agreement allows banks to decide resolution strategy outside the IBC and it will help lenders to accelerate process to resolve stressed assets, Sashakt committee on bad loans said …

The mandatory norm of inter-creditor agreement allows banks to decide resolution strategy outside the IBC and it will help lenders to accelerate process to resolve stressed assets, Sashakt committee on bad loans said Monday. "The requirement of entering into the Inter-Creditor Agreement is an endorsement by the RBI of the need for the lenders to have a framework for resolution …

The inter-creditor agreement, under the Project Sashakt, seeks to resolve loans under Rs 50 crore or more which are under consortium lending but under Rs 500 crore Mumbai: The Sunil Mehta-led panel will soon come out with the operational guidelines for banks and other financial institutions which have the signed the inter-creditor agreement providing details about the timelines to be …

Opinion | Sashakt will not solve the NPA problem

Bad loans crisis: Nearly 24 lenders sign new NPA resolution framework under Project Sashakt

Project Sashakt: Banks finalise inter-creditor agreement to fast track non-performing asset resolution

The agreement, a part of Project Sashakt, will be taken to boards of respective banks and would be cleared in a couple of days, said PNB non-executive chairman Sunil Mehta New Delhi: With a view to fast track NPA resolution, bankers on Thursday finalised the inter-creditor agreement framework that envisages effective communication among lenders. The agreement, a part of Project …

Project Sashakt: Five-point formula for resolution of bad loans at PSU banks

Finance minister Piyush Goyal unveiled ‘Project Sashakt’, a five-prong strategy to deal with non-performing assets. Goyal clarified that no proposal was put forth to create a bad bank to deal with the rising NPAs, adding that independent AMCs and steering committees would be set up for faster resolution of bad loans in the banking system. The committee of bankers, led …

Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?

Should one be excited about the Narendra Modi government’s new bad loan resolution plan, Sashakt? Dumping all bad loans into one entity with no clear resolution plan was like putting together several tiny explosive materials to build a big bomb. On the face of it, the thrust of ‘Project Sashakt’, based on the recommendations of the Sunil Mehta-led panel, unlike …

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