Lenders of the cash strapped Jet Airways will restructure loans given to the airline under the ‘Sashakt’ scheme, State Bank of India (SBI) Chairman Rajnish Kumar said on Friday.
Day: February 2, 2019
Jet Airways loan recast to be under Sashakt scheme: SBI Chief Rajnish Kumar
Lenders to ailing private airline Jet Airways will restructure loans under the ‘Sashakt’ plan for resolution of stressed assets outside the insolvency courts.
Jet Airways says stakeholders yet to agree and approve resolution plan
MUMBAI: Jet Airways (India) Ltd. on Friday said that stakeholders of the airline and board of directors of the company are yet to agree and approve the resolution plan that is expected to infuse much needed capital in the company.
Mallya says value of assets attached crossed Rs 13,000 cr; demands justice
Fugitive liquor baron Vijay Mallya Friday claimed his group’s properties worth over Rs 13,000 crore have been attached, more than the ‘claimed’ Rs 9,000 crore that he “ran away with” asking where is justice and how far will it go.
Make provisions for beleaguered IL&FS exposure: Irdai to insurers
The Insurance Regulatory and Development Authority of India (Irdai) has asked insurers to make provisions for their exposure to the beleaguered IL&FS group because the write-off option is not there.
Interim Budget 2019: India is world’s fastest highway developer, says FM
India is the fastest highway developer in the world with 27 km of highways being built every day, Finance Minister Piyush Goyal said Friday highlighting the importance of infrastructure sector in the nation’s development.
Budget 2019: Rlys capex at all-time high; budgetary support cut for NHAI
The interim Budget for 2019-20 (FY20) was a mixed bag for the transportation sector. While the railways lined up its highest-ever capital expenditure (capex) of Rs 1.58 trillion and an all-time high budgetary support of Rs 64,587 crore, the road and aviation sectors did not have much to smile about.
Budget ignores renewable sector for the third-time running
NEW DELHI: Despite Piyush Goyal’s grandstanding on renewable energy during his Budget speech, actual allocations for the sector are lower in the year ahead.
Govt to allocate ₹3,900 crore to service Air India debt
NEW DELHI: The government will provide a total of ₹3,900 crore for servicing Air India’s loans transferred to a special purpose vehicle, according to Budget documents.
Piyush Goyal hails govt’s Ujjwala scheme
New Delhi: Finance minister Piyush Goyal on Friday hailed the government’s Pradhan Mantri Ujjwala Yojana, aimed at providing free cooking gas connections. Ujjwala is one of the government’s flagship pro-poor schemes and is considered the equivalent of the previous Congress-led UPA regime’s rural jobs scheme.