Last Updated : Nov 15 2018 1:46AM     Screen Reader Access
News Highlights
PM Modi calls for early conclusion of high-quality RCEP agreement            Campaigning picks up for Mizoram Assembly polls            EC expresses satisfaction over preparedness for MP Assembly polls            Winter Session of Parliament to commence from Dec 11            ISRO launches communication satellite GSAT-29           

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 14 (Nov) Midday News 14 (Nov) News at Nine 14 (Nov) Hourly 14 (Nov) (2300hrs)
समाचार प्रभात 14 (Nov) दोपहर समाचार 14 (Nov) समाचार संध्या 14 (Nov) प्रति घंटा समाचार 14 (Nov) (2305hrs)
Khabarnama (Mor) 14 (Nov) Khabrein(Day) 14 (Nov) Khabrein(Eve) 14 (Nov)
Aaj Savere 14 (Nov) Parikrama 14 (Nov) Lok Ruchi Samachar 11 (Nov)

Listen Programs

Market Mantra 14 (Nov) Samayki 14 (Nov) Sports Scan 14 (Nov) Spotlight/News Analysis 14 (Nov)
    Public Speak Country wide 8 (Nov) Surkhiyon Mein 8 (Nov) Charcha Ka Vishai Ha 14 (Nov) Vaad-Samvaad 13 (Nov) Money Talk 13 (Nov) Current Affairs 9 (Nov)

 

 

 

 

× All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961""