Day: March 28, 2023

States asked to finish fresh audits of public sector enterprises

“Many SPSEs were not filling their annual accounts and the audit process was not very prompt. We have asked all the states to make the whole process electronic and file all the updates by June 30,” a senior government official told ET, adding that over 30 SPSEs had not updated their annual accounts post Covid.

Government unlikely to budge on NREGS attendance

Capturing workers’ attendance through a mobile application, National Mobile Monitoring System (NMMS), was made mandatory since January 1. It triggered protests by a section of NREGS workers and activists, who said workers were being deprived of wage payments due to technical issues with the new attendance system. The protests have been going on since early […]

Promoters increase stake in Aster DM Healthcare by 4% for Rs 460 cr

The hospital chain operates 15 hospitals offering 4,095 beds, which will go up to 4,670 across 18 hospitals by the next financial year and is the largest chain in the GCC countries with 15 hospitals. They also operate 113 clinics and 257 pharmacies in these Gulf Cooperation Council markets

US officials signal new rules for banks after SVB, Signature failures

Federal Deposit Insurance Corp. Chairman Martin Gruenberg said, in his testimony to the panel, that the failures of SVB, as Silicon Valley Bank is known, and Signature Bank “demonstrate the implications that banks with assets of $100 billion or more can have for financial stability

Centre’s debt burden hits Rs 146 lakh crore in Q3

While internal debt rose 2.1% to Rs 125.24 crore as of December 2022 from the previous quarter, external debt totalled Rs 9.17 lakh crore, up 6.1%. The centre’s other liabilities grew 5% during this period to Rs 11.96 lakh crore, showed the data.