New Delhi: The Reserve Bank of India has expressed some concerns over zero-coupon bonds for the recapitalisation of public sector banks and discussion is on between the central bank and Finance Ministry to find a solution, according to sources. The government resorted to recapitalisation bonds with a coupon rate for capital infusion into PSBs during 2017-18 and interest payment to …
At the post-Budget press conference, Finance Minister Nirmala Sitharaman exuded confidence in being able to reduce the fiscal deficit via increased revenue generation. We wanted to be sure that money is in the hands of the people, by not paying a tax which they don't need to pay. In the last three months itself, the GST collection has crossed ₹1 …
There are reports indicating that the Union Government is contemplating recapitalising the public sector banks with a capital of Rs 30,000 crores. Thus, to a layman, this situation should give rise to the question as to why then is the government continuously infusing taxpayers hard-earned money into the banking system. The government controls more than two-thirds of the banking assets …
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