Dubai pointed that out of the focus sectors, education should be given the top priority. Students in India should be have the choice also of international education. Indian education should show confidence in Indian culture.
Tag: State Bank of India
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OPERATION IN(FRA)SOLVENCY
With over Rs11 lakh crore debt, project investments worth Rs.32.7 lakh crore and cost overrun of Rs14.35 lakh crore is at stake, the current Insolvency and Bankruptcy Code 2016 is a sigh of relief for India's financial institutions.
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Deposits under Jan Dhan Yojana cross Rs.25,000 cr
Deposits in accounts opened under the government´s ambitious financial inclusion scheme Pradhan Mantri Jan Dhan Yojana have crossed Rs.25,000 crore, the Finance Ministry said. A “good amount” has come to the banks as low-cost deposits, it said.
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States to put 82 blocks for auction by Oct-Nov: Mines Secy
The 12 mineral producing states will put 82 mining blocks containing minerals such as iron ore, bauxite, limestone under the hammer by October-November this year, according to a top government official.
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Move to revive gas-based power will benefit banks
Terming the Indian Government´s decision to revive and improve utilisation of the country´s stranded gas-based power generation plants to import feed stock
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Rs.1.71 lakh crore for projects
In a meeting with the Finance Ministry recently, some 27 state-owned banks have agreed to extend credit of around Rs 1.71 lakh crore to non-conventional energy projects over the next five years.
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SBI chief for new infrastructure financing model
State Bank of India (SBI) chairperson Arundhati Bhattacharya said India needs to identify new models for infrastructure development and financing in order to take the country forward on the economic front.
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SBI seeks flexibility in lending rules by RBI
The State Bank of India (SBI) has urged the Reserve Bank of India (RBI) to allow flexible lending rules including restructuring loans given to existing projects in line with revised cash flows available for debt refinancing
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Looking East
While political differences may take a while to be ironed out, growing business collaborations between India and China are scripting a mutually benefiting story. China has shown keen interest to finance India´s infrastructure development
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SBI inks deal with Reliance Money Infra
State Bank of India (SBI) has signed up Reliance Money Infrastructure (RMIL), an Anil Ambani Group company, in a 'business correspondent' deal to source a range of banking services.