MUMBAI: PM Narendra Modi said on Monday that record profits made by banks in FY24 would increase availability of credit to the poor, farmers, and MSMEs, hailing the turnaround of financial entities, which were facing a burden of bad loans some years ago.Posting a link of a TOI story on X, Modi said that the…
7th Pay Commission DA Hike: The Employees’ Provident Fund Organisation (EPFO) has made a significant decision concerning retirement and death gratuity for government employees. It has put on hold the increase in retirement and death benefits resulting from a hike in Dearness Allowance to 50%.According to an ET report, EPFO had on April 30, 2024,…
NEW DELHI: Airbus Helicopters and Small Industries Development Bank of India (SIDBI) have signed a MoU for financing purchase of Airbus’ helicopters in India. The same was signed by SIDBI chief GM Rahul Priyadarshi and Sunny Guglani, head of Airbus Helicopters (India and South Asia). Under the MoU, both Airbus Helicopters and SIDBI will identify…
Infosys founder NR Narayana Murthy wants to be remembered as a fair man. “One of the things I learnt early as a leader is that you have to take tough, unpleasant decisions. However, the most important thing is to be fair in every transaction,” Murthy told ET in a recent interview.In 1981, NR Narayana Murthy…
Banking wasn’t his first career choice. But N Vaghul, who passed away on Saturday – he was 88 – redefined the industry he joined after his plans to appear for civil service exams hit a roadblock.Survived by his wife, son and daughter, Vaghul breathed his last in Apollo hospital in Chennai, where he was admitted…
NEW DELHI: OTT services such as WhatsApp, Signal, Facebook, Instagram and X (formerly Twitter) may come under a regulatory regime with Trai looking to come with recommendations on the matter. The development assumes significance since govt had kept OTTs out of the regulatory regime in the new telecom act, which was passed recently by the…
The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide…
India crosses the $100 billion mark in remittances! In the fiscal year 2019-20, which was an election year, India received remittances amounting to $83.2 billion. However, in the following year, 2020-21, the remittances slowed down to $80.2 billion, possibly due to the impact of the COVID pandemic. In the years 2014-15 and 2015-16, India received…
PM-KUSUM solar pumps: The government aims to make solar agricultural pump installations more accessible to farmers under the PM-KUSUM scheme. This will be achieved by connecting farmers to vendors through a national portal, similar to the revamped solar rooftop scheme PM Suryaghar Muft Bijli Yojana. Officials told ET that this initiative will assist farmers in…
Silver bull run: Silver prices experienced a significant surge on Thursday, reaching an unprecedented high of nearly Rs 90,000 per kilogram. This increase was driven by the growing industrial applications of the precious metal, coupled with the increasing likelihood of the US Federal Reserve implementing a policy rate reduction in the near future.In a single…
