News That Matters

Tag: time

RBI may offer more time for bank-led resolution of NPAs

RBI may offer more time for bank-led resolution of NPAs

Finance
The RBI is likely to adopt a more accommodative approach towards resolution of stressed assets when it issues a revised circular, replacing the controversial February 12 circular quashed by the Supreme Court. Sources said the major contention in the Resrserve Bank of India's (RBI) controversial February 12, 2018, circular, including the one-day default norm, that was challenged in the court leading to its quashing, will be done away with in the new circular. Instead, banks will be given 30 days time from the first default to identify and qualify an account as a bad debt (special mention account or SMA) and initiate a resolution exercise. Besides, the 180-day period given for completing the bank-led resolution will start only after an account is declared an SMA I thirty days from first defa...
Sean Cox: Liverpool supporter to leave hospital for first time since suffering serious injury to attend legends match on Friday

Sean Cox: Liverpool supporter to leave hospital for first time since suffering serious injury to attend legends match on Friday

Sports
fundraiser A Roma supporter was jailed earlier this year for his attack on Mr Cox that left the Dunboyne man with catastrophic head injuries Sean Cox, the Liverpool supporter who suffered catastrophic head injuries in an attack by Roma fans last April, will leave hospital for the first time to attend a charity match organised to raise funds for his treatment. Mr Cox was assaulted before Liverpool’s Champions League semi-final match at Anfield 12 months ago. Mr Cox has been under care since the assault last April The Dunboyne man suffered a bleed on his brain after impact injuries to his head, and he required emergency surgery. Mr Cox spent months receiving specialist neurological care at Dublin’s Beaumont Hospital, before being transferred to
Black family to star in Coronation St for first time in show’s history

Black family to star in Coronation St for first time in show’s history

Entertainment
By Connor Sephton, news reporter A black family are joining Coronation Street's famous cobbles for the first time in the show's 59-year history.The Baileys - comprising father Edison, mother Aggie and sons Michael and James - will first appear on screens in early June. Themes of racism and homophobia are going to be explored by the soap opera, with 19-year-old footballer James coming out as gay in an upcoming storyline.Although Corrie has cast individual black characters in the past, the Baileys are the first black family to be brought in together.Asked why this has not happened sooner, producer Iain MacLeod said: "Short answer - I don't really know. Advertisement "Manchester h...
I-T officials race against time to mop up Rs 1.6 lakh crore

I-T officials race against time to mop up Rs 1.6 lakh crore

Finance
NEW DELHI: Income tax officials have a busy weekend ahead as they race against time to mop up Rs 1.6 lakh crore, which is around 13% of this year’s target, with just two days for the end of the financial year. And, with GST collections also looking shaky, the finance ministry brass has its task cut out to meet the fiscal deficit target for the current financial year. Officials said change in tax slabs is seen to be a major reason for a shortfall in GST, although collections in March are expected to top Rs 1 lakh crore. Despite some savings expected from schemes such as farmer income support, officials are complaining of the unduly high target set for them. “The Rs 50,000-crore addition to the target in the revised estimates was like a balancing entry to keep the overall fiscal deficit targ
Jobless rate below 4% for first time since 1975

Jobless rate below 4% for first time since 1975

Business
The unemployment rate has fallen below 4% for the first time since 1975, according to official figures.The Office for National Statistics (ONS) said the jobless rate was 3.9% in the three months to January, down from 4% at the end of 2018. Meanwhile wages excluding bonuses rose by 3.4%, unchanged on the previous month and still outpacing inflation.Unemployment fell by 35,000 to 1.34 million and the number of people in work rose by 222,000 - the fastest pace of hiring in more than three years and nearly twice as strong as economists had expected.The ONS said the employment rate had hit a new record high of 76.1% while the level of economic inactivity - covering people who are neither seeking work nor available for it - hit a record low. ONS senior statistician Matt Hughes said: "The...