Bhagwat Karad

The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

As many as 14,007 cyber fraud cases were registered in 2021, Parliament was informed on Monday. Quoting National Crime Records Bureau (NCRB) data, Minister of State for Finance Bhagwat Karad said "total number of cyber fraud cases which includes...frauds committed through online apps is 14,007 in 2021 (latest published data pertains to the year 20...

The Directorate of Enforcement has attached proceeds of crime worth Rs 859.15 crore generated by accused persons/entities through illegal loan apps, Minister of State for Finance Bhagwat Karad said on Tuesday.

The finance ministry today said governments of five states -- Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh -- have informed the Centre about their decision to revert to the old pension scheme.

Ahead of tabling of the Union budget 2023 in Parliament on Tuesday, Finance Minister Nirmala Sitharaman along with ministers of state Pankaj Chaudhary and Bhagwat Karad and Finance Secretary T V Somanathan called on President Droupadi Murmu.

The two-day summit was inaugurated by Subhas Sarkar, Minister of State for Education and Bhagwat Kishanrao Karad, Minister of State for Finance.

The gross non-performing assets (NPAs) of state-owned banks had dropped by over Rs 3 lakh crore after peaking at Rs 8.9 lakh crore.

Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.

RBI has informed that borrower-wise information on written off loan accounts is not maintained by it, Minister of State for Finance Bhagwat Karad said.

In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.

There was no proposal under consideration of the central government for restoration of the old pension scheme, Minister of State for Finance Bhagwat Karad informed Parliament on Monday.

The previous MVA government under Uddhav Thackeray should not take credit for approving the renaming of Aurangabad as Sambhajinagar as it was taken in haste and will be done properly by the Centre, Union minister Bhagwat Karad said on Sunday.

Government has informed Parliament that it has received multiple Expressions of Interest for privatisation of Bharat Petroleum

The government is holding roadshows for IDBI Bank privatisation and will come out with expression of interest (EoI) after assessing investor interest, Minister of State for Finance Bhagwat Karad said on Monday.

Public Sector Banks (PSBs) have disbursed Rs 39,580 crore business loan under the initiative called 'loan in 59 minutes' between September 2018 and February 2022, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.

The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

As many as 14,007 cyber fraud cases were registered in 2021, Parliament was informed on Monday. Quoting National Crime Records Bureau (NCRB) data, Minister of State for Finance Bhagwat Karad said "total number of cyber fraud cases which includes...frauds committed through online apps is 14,007 in 2021 (latest published data pertains to the year 20...

The Directorate of Enforcement has attached proceeds of crime worth Rs 859.15 crore generated by accused persons/entities through illegal loan apps, Minister of State for Finance Bhagwat Karad said on Tuesday.

The finance ministry today said governments of five states -- Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh -- have informed the Centre about their decision to revert to the old pension scheme.

Ahead of tabling of the Union budget 2023 in Parliament on Tuesday, Finance Minister Nirmala Sitharaman along with ministers of state Pankaj Chaudhary and Bhagwat Karad and Finance Secretary T V Somanathan called on President Droupadi Murmu.

The two-day summit was inaugurated by Subhas Sarkar, Minister of State for Education and Bhagwat Kishanrao Karad, Minister of State for Finance.

The gross non-performing assets (NPAs) of state-owned banks had dropped by over Rs 3 lakh crore after peaking at Rs 8.9 lakh crore.

Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday.

RBI has informed that borrower-wise information on written off loan accounts is not maintained by it, Minister of State for Finance Bhagwat Karad said.

In the Union Budget for the financial year (FY) 2021-22, Union Minister Bhagwat Karad said, the government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of Public Sector Enterprises (PSEs) was announced.

There was no proposal under consideration of the central government for restoration of the old pension scheme, Minister of State for Finance Bhagwat Karad informed Parliament on Monday.

The previous MVA government under Uddhav Thackeray should not take credit for approving the renaming of Aurangabad as Sambhajinagar as it was taken in haste and will be done properly by the Centre, Union minister Bhagwat Karad said on Sunday.

Government has informed Parliament that it has received multiple Expressions of Interest for privatisation of Bharat Petroleum

The government is holding roadshows for IDBI Bank privatisation and will come out with expression of interest (EoI) after assessing investor interest, Minister of State for Finance Bhagwat Karad said on Monday.

Public Sector Banks (PSBs) have disbursed Rs 39,580 crore business loan under the initiative called 'loan in 59 minutes' between September 2018 and February 2022, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.