Last Updated : Mar 26 2019 9:18AM     Screen Reader Access
News Highlights
Filing of nominations for second phase of Lok Sabha elections ends today            President Kovind to hold talks with his Croatian counterpart today            Government notifies Drugs and Clinical Trials Rules 2019            Trump sign proclamation recognising Israel's sovereignty over Golan Heights            India to take on Malaysia at Azlan Shah Cup in Ipoh           

Business News

Jul 03, 2018
11:45AM

Sunil Mehta Panel on NPAs submits its report with recommendations to FM

The Sunil Mehta committee which was formed with a view to tackle Non-Performing Assets (NPAs) and creating credit capacity submitted its report with recommendations to Finance Minister Piyush Goyal on Monday.

Briefing reporters in New Delhi, Mr Goyal said, the Sunil Mehta panel presented project 'Sashakt' and has recommended a five-pronged strategy to deal with stressed assets. 

He said, the plan focuses on turning around assets in a manner that will create additional jobs by reviving businesses and prevent job losses from foreclosures. 

He said, the plan will bring in credible long term external capital to limit the burden on the domestic banking sector. 

Mr Goyal said, it will ensure a robust Governance and credit architecture is put in place to prevent similar build up of non performing loans in the future. He said, Government has brought transparency on the issue of NPAs. 

   Related News

Live Twitter Feed

Listen News

Morning News 26 (Mar) Midday News 25 (Mar) News at Nine 25 (Mar) Hourly 26 (Mar) (0905hrs)
समाचार प्रभात 26 (Mar) दोपहर समाचार 25 (Mar) समाचार संध्या 25 (Mar) प्रति घंटा समाचार 26 (Mar) (0900hrs)
Khabarnama (Mor) 26 (Mar) Khabrein(Day) 25 (Mar) Khabrein(Eve) 25 (Mar)
Aaj Savere 26 (Mar) Parikrama 25 (Mar) Lok Ruchi Samachar 24 (Mar)

Listen Programs

Market Mantra 25 (Mar) Samayki 25 (Mar) Sports Scan 25 (Mar) Spotlight/News Analysis 25 (Mar)
    Public Speak

    Country wide 21 (Mar) Surkhiyon Mein 21 (Mar) Charcha Ka Vishai Ha 20 (Mar) Vaad-Samvaad 19 (Mar) Money Talk 19 (Mar) Current Affairs 22 (Mar)