What is Pradhan Mantri Mudra Yojana

The government Tuesday said Parliament that loans worth Rs 7,277.31 crore of public sector banks under Pradhan Mantri Mudra Yojana (PMMY) have turned bad at the end of March 2018. Loans extended under PMMY from the commencement of the scheme up to March 2018 by all member lending institutions (MLIs) were Rs 5.71 lakh crore, …

Uttar Pradesh is in love with expressways, be it any political dispensation in the state. While Mayawati as chief minister championed the case of twin expressways in Noida and Agra, Akhilesh Yadav constructed the expressway from Agra till Lucknow. Yogi Adityanath is now set to outdo his predecessors. By the time Yogi’s tenure ends in …

The Lok Sabha Wednesday passed a bill to safeguard gullible investors from ponzi schemes, with Finance Minister Piyush Goyal saying the Government will ensure that no loophole is left while framing rules. The Banning of Unregulated Deposit Schemes Bill, 2018, looks to put in place a mechanism by which such depositors can be compensated. It …

The Supreme Court Wednesday set aside the Bombay High Court order denying to grant 90 days extension to Maharashtra Police for filing the charge sheet in the Koregaon-Bhima violence case. The apex court, however, stated the five rights activists may now seek regular bail in the case as the Maharashtra Police has already filed the …

Parliament on Wednesday passed a Bill removing leprosy as a ground for divorce under five personal laws comprising the Hindu Marriage Act. The Rajya Sabha on the last day of the Budget session passed the Bill without debate after consensus on the matter. However, consensus eluded on the Consumer Protection Bill which the government sought …

The Rajasthan government Wednesday launched a bill in the Assembly to grant a five percent quota in jobs and educational institutes to Gujjars and four other communities agitating for it. The government set up the Rajasthan Backward Classes (Reservation of Seats in Educational Institutes in the State and of Appointments and Posts in Services under …

In astonishing statement contrary to his son Akhilesh Yadav’s stance, Samajwadi Party (SP) patriarch Mulayam Singh Yadav praised Prime Minister Narendra Modi in parliament today, which left the opposition squirming but were greeted by cheers from the treasury benches with the PM acknowledging Yadav’s “blessings” with folded hands. He also stated that he hopes that …

The Supreme Court Wednesday reserved its verdict on Ericsson India’s plea looking contempt action against Reliance Communications Ltd chairman Anil Ambani and two others for non-clearance of its Rs 550-crore dues. A bench of justices R F Nariman and Vineet Saran said it is reserving its verdict. At the time of the hearing, senior advocate …

Third-quarter residential property sales seem 5% jump in year-on-year basis across top tier I cities in the country with southern cities leading the growth. The residential sales were recorded at 69,886 units in Q3 of FY19 as compared to the same period last year, mainly driven by affordable housing segments, said a current report by …

Piaggio Vehicles, an Italian automaker from the group that makes Vespa and Piaggio scooters, plans to revamp its transporter and freighter portfolio with an unprecedented 21 new models complying with strict emission standards that India would adopt next year. For Piaggio, India accounts for a fourth of its global turnover. The new portfolio of electric, …

After she came in for a lot of flak from social media users for utilizing ‘Sushri’ in her Twitter handle, BSP Supremo Mayawati Wednesday dropped the title from her user name on the microblogging platform. When the former Uttar Pradesh chief minister made her debut on Twitter earlier this month, she used the handle @SushriMayawati. …

The Comptroller and Auditor General (CAG), in its report on the Rafale fighter jet deal with France, has highlighted the drawbacks of settling for a ‘Letter of Comfort’ rather than a sovereign guarantee by the French government. The report, tabled in Parliament on Wednesday, noted that the 2007 UPA deal consisting a 15 percent bank …