Wilful defaulters are classified as firms or individuals who own large businesses and deliberately avoid repaymentsThe State Bank of India saw the highest number of wilful defaults at ₹46,158 crore
1 min read2 Jul 2019Reviewing the performance of PSU banks, Arun Jaitley exuded confidence that formalisation of the economy would help India achieve sustainable growth of 8%
1 min read25 Sep 2018The complexity of the problem is again reflected in deliberations of the standing committee on finance and submissions made by various stakeholders
3 min read10 Sep 2018Arun Jaitley blamed inadequate oversight by regulators, auditors as well as management for Rs11,400 crore PNB fraud, and said if needed law would be tightened to punish fraudsters
3 min read24 Feb 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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