Articles for Public Sector

'The answer cannot always be more money': Rachel Reeves vows no blank cheques for public sector and tells workers to be 'better and faster' amid questions over economic growth
3 days, 7 hours ago

'The answer cannot always be more money': Rachel Reeves vows no blank cheques for public sector and tells workers to be 'better and faster' amid questions over economic growth

Daily Mail  

Rachel Reeves today vowed to keep public finances under a tight rein as she faced questions over the impact of her Budget on the UK economy. Writing for MailOnline the Chancellor warned the public sector 'the answer cannot always be more money' after a wave of above-inflation pay rises for medics and train drivers. In a new forecast, the Bank …

Growth Money Public Sector Bank Sales Feel Month
Sitharaman Rebukes Rahul Gandhi Over Allegations on Public Sector Banks
1 week, 4 days ago

Sitharaman Rebukes Rahul Gandhi Over Allegations on Public Sector Banks

Deccan Chronicle  

Union Finance Minister Nirmala Sitharaman strongly criticized Leader of Opposition Rahul Gandhi for his comments regarding the functioning of Public Sector Banks under the Modi government. Responding to Gandhi's accusations that PSBs have been turned into "private financiers for the rich and powerful," Sitharaman highlighted the significant reforms and improvements in the banking sector during the Modi regime.On Wednesday, Gandhi, …

Finance India Gandhi Upa Public Sector Banks Sector Rahul Gandhi
Navigating Intersection Of Anti-Money Laundering And Recovery Laws: The Imperative For Collaboration And Cooperation
2 weeks ago

Navigating Intersection Of Anti-Money Laundering And Recovery Laws: The Imperative For Collaboration And Cooperation

Live Law  

The legislative efforts to combat money laundering activities in the country and the legislative measures to deal with the recovery of nonperforming assets in the Banking sector without the intervention of courts of law coincided in the same year with the passage of two special Acts in the year 2002. An Act to regulate securitisation and reconstruction of financial assets …

Properties Recovery Money Laundering Money Enforcement Financial Institutions Bank
India: Centre rules out new PSU bank mergers
2 weeks, 6 days ago

India: Centre rules out new PSU bank mergers

Deccan Chronicle  

New Delhi: The Centre may not consider merger of public sector banks as several reforms undertaken by the government in the banking sector have created systemic improvements and instituted checks and controls to minimise the risk of recurrence of excessive stress, the government said on Tuesday. “The reforms undertaken by the government in the banking sector have created systemic improvements …

India Bank Public Sector Banks Banks Merger
Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living
1 month ago

Greece to repay chunk of bailout debt early and touts recovery during anger over cost of living

Associated Press  

ATHENS, Greece — Greece will make an early repayment of 5 billion euros in bailout-era debt in 2025, Prime Minister Kyriakos Mitsotakis told a banking conference in Athens on Monday, describing the move as a signal of the country’s fiscal recovery. Despite the lack of any substantial challenge from opposition parties, the high cost of living has nibbled away at …

Public Sector Greece
PSU banks are giving the best FD rates in eight years. Here's why
1 month, 2 weeks ago

PSU banks are giving the best FD rates in eight years. Here's why

Live Mint  

Mumbai: Under pressure from slow pace of deposit growth compared to loan offtake, India’s state-owned banks have pressed the pedal on attracting depositors even at the cost of a potential hit on their margins and profits. This September, the weighted average domestic term deposit rate for public sector banks touched 7%, a first since March 2017. According to Aniket Dani, …

Growth Public Sector Banks Term Rates Private Deposit Deposits
Overwhelming majority of business entities in China from private sector
1 month, 2 weeks ago

Overwhelming majority of business entities in China from private sector

China Daily  

A view of CBD area in Beijing on June 20, 2023. BEIJING - The number of private business entities in China had exceeded 180.86 million by the end of September 2024, accounting for 96.37 percent of the country's total business entities, the State Administration for Market Regulation said Wednesday. A large number of private business entities are engaged in the …

Business China Private Sector Private Business Entities
Nominations Open for 'Best PSU/University/Corporation for Promotion of Sports' Award
1 month, 3 weeks ago

Nominations Open for 'Best PSU/University/Corporation for Promotion of Sports' Award

The Hindu  

The Hindu Group invites nominations for the 'Best PSU/University/Corporation for Promotion of Sports' award. This prestigious honour celebrates institutions that are redefining India's sports landscape, recognising those who have championed the cause of sports with innovative programs, investments, and unwavering support.

Sports Corporate Awards Public Sector New Delhi
Public sector workers' 'gold-plated' pensions will be spared from Rachel Reeves inheritance tax Budget raid in move that 'widens the gulf' with private sector
1 month, 3 weeks ago

Public sector workers' 'gold-plated' pensions will be spared from Rachel Reeves inheritance tax Budget raid in move that 'widens the gulf' with private sector

Daily Mail  

Public sector workers will avoid the ravages of Rachel Reeves' Budget tax grab on pensions at the expense of those in the private sector, experts have warned. However just 7 per cent of private sector workers have DB pensions, the majority instead have defined contribution pensions, which can be inherited tax free until now. 'Some families of private sector workers …

Income Tax Inheritance Workers Income Private Sector Sector Rachel Reeves
Pension chasm exposed: How you could pay SIX times more to get the same retirement as a civil servant
1 month, 3 weeks ago

Pension chasm exposed: How you could pay SIX times more to get the same retirement as a civil servant

Daily Mail  

It seems that Treasury civil servants tasked with steering the Chancellor through the Budget have been whispering suggestions into her ear that she should exclude their pensions from her whopping tax raid. Baroness Altmann, a former pensions minister, says: 'Forcing all taxpayers to pay the employer NI contributions for these already hugely generous pension arrangements is patently unfair on private …

Retirement Pension Workers Pay Public Sector Cent
Private vs public sector pensions - how to avoid a race to the bottom: This is Money podcast
1 month, 3 weeks ago

Private vs public sector pensions - how to avoid a race to the bottom: This is Money podcast

Daily Mail  

Of all the tax-raising ideas in Rachel Reeves' 'running out of options' Budget, one stood out for how widely it was shot down: charging employer national insurance on pension contributions. This would leave only private sector employers exposed, their workers' pensions potentially dented and taxpayers picking up the tab to protect more generous public sector schemes. Public sector defined benefit …

Public Sector Pension Public Sector
How Rachel Reeves' budget could make the gulf between public and private pensions even wider
1 month, 4 weeks ago

How Rachel Reeves' budget could make the gulf between public and private pensions even wider

Daily Mail  

A huge chasm between generous public sector pensions and squeezed private sector pensions could be blown even wider next week. Chancellor Rachel Reeves is expected to protect public sector workers from a raid on employers’ pension contributions in the Budget. Chancellor Rachel Reeves is expected to protect public sector workers from a raid on employers’ pension contributions in the Budget …

Retirement Budget Workers Pay Public Sector Private
Public sector pay rises fuel surge in borrowing ahead of Budget
2 months ago

Public sector pay rises fuel surge in borrowing ahead of Budget

The Telegraph  

Public sector pay rises have helped fuel a surge in Treasury borrowing as Rachel Reeves scrambles to fill a £40bn black hole in public finances. Public sector net borrowing excluding banks stood at £79.6bn in the six months to September, which was £1.2bn more than at the same point last year, according to the Office for National Statistics. In September …

Public Sector Ons Fuel Surge Public Sector Pay
Rachel Reeves' '£25bn tax bomb': IFS warns Chancellor needs massive raid in Budget to balance books after public sector pay splurge - with NICs, pension pots and inheritance under threat
2 months, 1 week ago

Rachel Reeves' '£25bn tax bomb': IFS warns Chancellor needs massive raid in Budget to balance books after public sector pay splurge - with NICs, pension pots and inheritance under threat

Daily Mail  

Rachel Reeves needs a £25billion tax bomb to meet pledges and balance the books after her public sector pay splurge, a grim report warned today. Rachel Reeves needs a £25billion tax bomb to meet pledges and balance the books after her public sector pay splurge, a grim report warned today The grim assessment comes from the respected IFS think-tank as …

Tax Labour Budget Public Sector Pension National Income Tax
Defiant Rachel Reeves refuses to back down on winter fuel raid and warns 'road ahead is harder than we thought' (but Gaza protesters disrupt her big conference speech)
3 months ago

Defiant Rachel Reeves refuses to back down on winter fuel raid and warns 'road ahead is harder than we thought' (but Gaza protesters disrupt her big conference speech)

Daily Mail  

Rachel Reeves sounded defiance on the winter fuel allowance axe today despite a wave of unrest at Labour conference - as her big speech was disrupted by a Gaza protest. In other developments at the conference today: The Chancellor pledged to begin the rollout of free breakfast clubs in primary schools from April next year; Ms Reeves has boasted about …

Winter Labour Budget Fuel Liverpool Winter Fuel Payment Gaza
West Bengal seeks time to respond to replies filed in OBC status case in Supreme Court
3 months, 3 weeks ago

West Bengal seeks time to respond to replies filed in OBC status case in Supreme Court

Hindustan Times  

New Delhi, The West Bengal government on Tuesday sought time to reply to the responses filed by litigants in a case pertaining to the Calcutta High Court verdict striking down the OBC status of several castes, mostly Muslim groups, in the state for granting reservation in public sector jobs and admissions in state-run educational institutes. West Bengal seeks time to …

Court West Bengal Reservation West State High Muslim
Will Conflict of Interest Allegations Against SEBI Chairperson Madhabi Buch Impact Indian Public Sector Banks?
4 months, 1 week ago

Will Conflict of Interest Allegations Against SEBI Chairperson Madhabi Buch Impact Indian Public Sector Banks?

The Hindu  

Published : Aug 15, 2024 11:57 IST - 5 MINS READ The integrity of India’s financial markets has been called into question following allegations of conflict of interest against Madhabi Buch, the current chairperson of the Securities and Exchange Board of India. Notably, the regulatory oversight of SEBI has a deep influence on public sector banks in India, especially those …

India Market Financial Regulatory Interest Public Sector Banks Public
Public Sector Banks' NPAs on Mudra Loans Fall to 3.4% in 2023-24: FM Nirmala Sitharaman
4 months, 2 weeks ago

Public Sector Banks' NPAs on Mudra Loans Fall to 3.4% in 2023-24: FM Nirmala Sitharaman

News 18  

Public sector banks’ non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday. The finance minister informed the House that the NPA for public sector banks on Mudra loans has decreased to 3.4 per cent in the financial year 2023-24. She further said Mudra loan …

Loans Public Sector Banks Sector Cent Banks Sitharaman Npa
Rachel Reeves set to unveil £20bn black hole in public finances
4 months, 3 weeks ago

Rachel Reeves set to unveil £20bn black hole in public finances

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves is …

Tax Labour G20 Brazil Public Reeves Email
Rs.22,301 Cr proposed for irrigation sector in Telangana budget
4 months, 4 weeks ago

Rs.22,301 Cr proposed for irrigation sector in Telangana budget

Deccan Chronicle  

Hyderabad: The Congress government has proposed Rs.22,301 crore for irrigation in the budget presented by the Deputy Chief Minister Mallu Bhatti Vikramarka in the Assembly here on Thursday. As many as 73 irrigation projects have been undertaken in the State till date including 34 large and 39 medium projects. The previous government neglected completion of many projects though they were …

Projects State This Project Irrigation Project Cr Proposed Public Money
Sir Keir Starmer warned he risks stoking inflation if he hands millions of public sector workers inflation-busting pay rises of 5.5% while increasing the minimum wage
5 months ago

Sir Keir Starmer warned he risks stoking inflation if he hands millions of public sector workers inflation-busting pay rises of 5.5% while increasing the minimum wage

Daily Mail  

Sir Keir Starmer risks stoking inflation if he hands millions of public sector workers inflation-busting pay hikes while increasing the minimum wage, economists warned yesterday. But experts warned that bumper hikes could trigger higher pay demands in the private sector and spark a wage-price spiral, in turn driving up inflation. Sir Keir Starmer risks stoking inflation if he hands millions …

Inflation Pay Public Sector Keir Starmer Keir Sir Keir Starmer
Congress: Any move to reduce govt stake in 12 public sector banks will be resisted
5 months ago

Congress: Any move to reduce govt stake in 12 public sector banks will be resisted

The Hindu  

The Congress on July 19 said any move to bring down the Union government's stake in 12 public sector banks to less than 51 per cent would continue to be resisted forcefully both in Parliament and outside. Over the past seven years, there have been mergers in the public sector banking industry, Mr. Ramesh pointed out "United Bank of India …

Congress Public Sector Banks Public Sector Banks Ramesh State Bank
Government may introduce amendments to laws to push banking sector reforms in Budget session
5 months, 1 week ago

Government may introduce amendments to laws to push banking sector reforms in Budget session

The Hindu  

The government is likely to introduce amendments to Banking Regulation Act 1949 and other laws to push banking sector reforms during the upcoming Budget session. Apart from this, amendments in the Banking Companies Act, 1970, and the Banking Companies Act, 1980 are needed for privatisation of public sector banks, sources said. Amendments, if approved by Parliament, would help bring down …

Banking Budget Bank Public Sector Banks State Banks Act
NSW government offers public sector workers 10.5 per cent pay rise over three years
7 months ago

NSW government offers public sector workers 10.5 per cent pay rise over three years

ABC  

In short: The NSW government is offering public sector workers a 10.5 per cent pay rise over three years and a $1,000 top-up if inflation exceeds 4.5 per cent. The NSW government is offering public sector workers a 10.5 per cent pay rise over three years and a $1,000 top-up if inflation exceeds 4.5 per cent. The Minns government is …

Workers Union Cent Nsw Rise New South Wales 25 Per Cent