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Monday
December 2021
10:17 AM IST
News Headlines
BWF World Tour Finals: Lakshya Sen collapses in semi-final against Viktor Axelsen        Multiply an IVF-tech startup launches is its AI-based platform that will replace conventional processes in IVF clinics        At least 31 people killed by terrorists' attack on bus in Mali        Former chief minister of undivided Andhra Pradesh Konijeti Rosaiah dies at 88        1,495 teachers in Kerala schools yet to get vaccinated        Fourth case of Omicron in India, 33-year-old Maharashtra man tests positive for new COVID-19 variant        Actor Brahma Mishra found dead at his residence in Mumbai        “Comeback King"-A short-film by KKR on Sunil Narine’s incredible journey as a cricketer        Honda sets up battery sharing service subsidiary in India        Record low birth rates in China        No travel bans imposed by India for Omicron: MEA        CPI(M) local leader hacked to death        Two confirmed cases of Omicron detected in Karnataka        BWF World Tour Finals: Sindhu makes winning start; Lakshya also through        Depositors of PMC Bank to get pre-Covid interest rate        Vaccinated California man first in US to test positive for Omicron        Kerala determined to prevent new HIV infections by 2025, says CM Pinarayi Vijayan        Doctors can’t be always blamed for negligence in deaths, says Supreme Court        Tourist inflow in J&K hit 7-year high in November: Govt        isl: Odisha come from behind to beat SC East Bengal in 10-goal thriller        
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Business News
Sitharaman asks India Inc to be more risk-taking, commit investments
 
New Delhi, Finance Minister Nirmala Sitharaman on Wednesday made fervent appeal to India Inc for making investment and helping the government cut import bills.

She also asked the industry to come forward in reducing income disparity and create more jobs.

Speaking at an event organised by industry body CII, the Finance Minister asked the industry to bring in new technology and improve efficiency in the energy sector.

"Please come forward. This is a golden opportunity for India to stand up and prove that it can stand on its own its feet. Come forward, open up, expand, bring in new investments," Sitharaman said.

In a veiled reference to China, she said geo-politics has a bearing on geo-economics, suggesting that the Indian industry should reduce dependence on the neighbouring country for its supplies.

The Minister noted that government had substantially scaled up investment in infrastructure and would continue to keep focus on it.

Talking about the runaway success of the start-ups, Sitharaman said the new-age firms have rapidly found investors and in the last 12 months, as many as 36 of them have qualified as unicorns (start-ups with a value of over USD one billion).

She underlined that the technology-driven new-age industries are going to make big difference to the Indian economy going forward.

Stating that banks have made remarkable turnaround, the Minister said that while non-performing assets (NPAs) have come down, recoveries of loans have gone up.

"Initiatives taken up by Public Sector Banks (PSBs) showed an outstanding performance by earning profit in the first half of this financial year, nearly equal to that of the last full financial year. Facilitated by sustained recovery efforts, PSBs efficiently brought down the Net NPA to 2.9 per cent for the quarter ending September 2021, lowest in seven years," she said.

She further said that PSBs had raised market equity to a notable amount of over Rs 10,000 crore in the first half of this financial year, almost equal to that of the last financial year.

"During the nationwide credit outreach programme between October 16 to November 7, 2021, Rs 76,011.79 crore worth loans were sanctioned to 17.5 lakh accounts across the country," Sitharaman said.


Multiply an IVF-tech startup launches is its AI-based platform that will replace conventional processes in IVF clinics
Honda sets up battery sharing service subsidiary in India
Depositors of PMC Bank to get pre-Covid interest rate
Noida International Airport to boost realty sector in Noida, Faridabad
Jack Dorsey steps down as Twitter CEO, IIT-B grad Parag Agarwal to succeed him
Jio to Increase Mobile Services Rates from December 1
Issue price of Sovereign Gold Bond fixed at Rs 4,791 per gram
Truecaller announces the launch of Version 12 with several exciting new features
IndiGo resumes flights to Singapore under air bubble pact
Singapore Airlines resumes passenger services to India with 50 percent off
Truecaller crosses 300 million active users globally
Ola rolls out Pan India test rides, will be available across 1000 plus cities and towns
Reliance and Saudi Aramco decide to review O2C deal
Amazon India launches all-women Partner Delivery Station in AP
Rupee Closes 9 Paise Higher At 74.37 Against Dollar On Tuesday
Paytm Money launches AI powered Voice Trading
Nykaa shares make dream debut; list at over 79 pc premium
India on way to becoming fastest growing economy in world: FinMin report
Non Coking Coal import reduces by 16 pc from 2019: Coal ministry
Olectra to supply 100 e-buses to APSRTC
KERALA NEWS
1,495 teachers in Kerala schools yet to get vaccinated
 Thiruvananthapuram: There are 1,707 teaching and non-teaching staff in government schools of Kerala  
CPI(M) local leader hacked to death
Kerala determined to prevent new HIV infections by 2025, says CM Pinarayi Vijayan
People not following Covid measures will not get free treatment: Pinarayi Vijayan
INTERNATIONAL NEWS
At least 31 people killed by terrorists' attack on bus in Mali
 Bamako: At least 31 people have been killed and eight more injured as a result of terrorists' attack
Record low birth rates in China
Vaccinated California man first in US to test positive for Omicron
US expresses concern over rights abuses in Afghanistan, asks Taliban to take necessary steps
NATIONAL NEWS
Former chief minister of undivided Andhra Pradesh Konijeti Rosaiah dies at 88
 Hyderabad: Former chief minister of undivided Andhra Pradesh and veteran Congress leader Konijeti Ro
No travel bans imposed by India for Omicron: MEA
Doctors can’t be always blamed for negligence in deaths, says Supreme Court
maharashtra: Quarantine mandatory for passengers coming from at-risk countries; RT-PCR must for those arriving from other states
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