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business todayNEW DELHI:The government has launched mandatory use of the Public Finance Management System (PFMS) for all Central Sector Schemes with a budgetary allocation of Rs 6. #socialRegistrationForm socialRegistration_firstName socialRegistration_lastName socialRegistration_emailAddress socialRegistration_displayName By clicking “Create Account”, I confirm that I’ve read and understood each of the website phrases of service and privateness coverage and that I comply with be bound by them.

NEW DELHI: The multiplier impression of the financial institution recapitalisation package deal of Rs 2.eleven lakh crore might be not less than an growth of the economy by Rs 3.3 lakh crore and will go up to Rs 10 lakh crore, in accordance with a report by SBI Analysis.

NEW DELHI: RBI Governor Urjit Patel in the present day mentioned the Rs 2.11 lakh crore bank recapitalisation plan is a ‘monumental step ahead’ in safeguarding India’s financial future and a comprehensive coverage would be put in place to handle the challenges confronted by the sector.

Consultants have kind of narrowed it down to two theories: Firms have been exposed to more and more intense winner-take-all competitors, or leading corporations have cemented their market power and are incomes fat earnings with out a lot threat of competition.

NEW DELHI: A day after the federal government introduced a massive Rs 2.eleven lakh crore financial institution recapitalisation plan, Chief Financial Adviser (CEA) Arvind Subramanian called the initiative firing a Brahmastra” to address the challenges of stressed assets and weak banking steadiness sheets.