LOAN WAIVER
Incorrect HRA or deduction claims? How Section 270AA may offer relief from 200% penalty
Incorrect tax claims may expose taxpayers to a 200% penalty for misreporting and prosecution in appropriate cases. Section 270AA offers conditional relief upon prescribed payments. For indefensible claims, this route may be preferable to litigation, subject to eligibility.
West Bengal investment policy puts jobs first, offers up to 120% assistance to industries
West Bengal has launched a new investment promotion policy aimed at encouraging industrial growth and job creation. The policy includes substantial incentives for businesses, especially those focused on employing women and transgender workers. It offers streamlined processes for approvals and payments, enhancing efficiency for investors. Priority areas will receive higher assistance levels and a framework for regular review every three years.
A Rs. 48 crore profit on paper, a Rs. 231 crore loss in reality: How a debt ‘turnaround’ can be an accounting illusion
A company struggling with losses suddenly reports a profit. Its financial position appears to improve, raising hopes of a turnaround. But what if the improvement has little to do with its actual business performance? And this is when companies face questions from auditors and regulators over financial figures that present a different picture from the underlying reality.
Maharashtra government runs for cover after Sena MLA's insensitive remarks on farmers
Sanjay Gaikwad, a Shiv Sena MLA, made controversial remarks regarding the suicides of farmers in Maharashtra. He suggested that the funerals of farmers who kill themselves should be boycotted. Gaikwad believed this would deter others from taking similar actions due to the fate of their bodies. His comments were met with condemnation from other political leaders, emphasizing the need for sensitivity.
'Talked to RBI, forcible recovery from farmers should be stopped': Maharashtra CM
Maharashtra Chief Minister Devendra Fadnavis announced efforts to halt forceful loan recoveries by microfinance companies affecting farmers. As drought conditions worsen, the state government will provide Rs 5,000 relief to farmers during Diwali. The government approved Rs 1.5 lakh crore for additional assistance while ensuring direct fund transfers to farmers. Deputy Chief Minister Eknath Shinde confirmed that multiple benefits would be offered to farmers declared under drought.
Maharashtra to give 1.5 crore farmers Rs 5,000 each before Diwali
Maharashtra Chief Minister Devendra Fadnavis announced a drought relief package for 1.5 crore farmers. An advance amount of Rs 5,000 will be directly deposited into farmers' accounts this week. The government aims to support farmers amidst drought-like conditions and ensure full payment without bank deductions. Maharashtra has allocated Rs 7,500 crore for this immediate assistance program before Diwali.
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Boost for green energy projects: Maharashtra govt waives 25 pc land transfer fee
Maharashtra announced a waiver for the 25 per cent transfer fee on land for renewable energy projects. This decision aims to alleviate financial pressure on companies and reduce project costs. Companies must use the land exclusively for renewable energy to qualify for this exemption. If the land is used for other purposes, the exemption will be revoked, and fees will be charged.
Bank of Baroda festive campaign: Bank launches offers on home, car and other loans; debit cards and savings accounts for women
Bank of Baroda has initiated a festive campaign providing various retail and MSME loan options for customers. The campaign includes home loan interest rates starting from 7.40% with waived processing fees for eligible borrowers.
Can the Trump administration still change PSLF? Appeals dropped, rule struck down: what it means for teachers, nurses and nonprofit workers
Public Service Loan Forgiveness: Trump administration drops appeals, old rules stay. Here's who is protected, and what borrowers need to know.
US reviving shuttered nuclear plants to meet growing electricity demand and to power data centres
The United States is planning to restart three closed nuclear plants to address rising energy needs. These plants were shut down due to high electricity costs but are now sought after for carbon-free energy. Large technology companies are contracting for power from these facilities, ensuring a stable revenue. Restarting these plants will be faster and cheaper than building new reactors.
85% of Maharashtra declared drought-hit; farmers to get Rs 5,000 aid before Diwali
Maharashtra's government has declared drought in over 305 talukas due to a severe rainfall deficit. Chief Minister Devendra Fadnavis announced that Rs 5,000 will be deposited in farmers' accounts before Diwali. Efforts are being made to prevent coercive loan recoveries from farmers facing hardships. A zero-tolerance approach is being enforced against unauthorized water extraction to ensure drinking supplies.
Maharashtra CM Devendra Fadnavis expands drought-hit talukas to 305, announces ₹5,000 Diwali bonus for farmers
Maharashtra Chief Minister Devendra Fadnavis announced the expansion of the drought declaration to 305 talukas. A Diwali bonus of ₹5,000 will be deposited into farmers' accounts to alleviate financial distress. The government is also monitoring drinking water supply and combating severe water scarcity with GPS-tracked tankers. Fadnavis praised Prime Minister Narendra Modi for his contributions to infrastructure and welfare projects in Maharashtra.
PNB launches special festival campaign, announces offers for retail loans
Punjab National Bank has launched its 2026 festive retail loan campaign, offering concessions across home, car and other retail loans. Under the scheme, home loan borrowers will get a full waiver of upfront and processing fees along with a 5-basis-point rate concession, while car loans will also carry a full fee waiver.
Maharashtra, Karnataka drought: Centre to assess ground situation; Shivraj to visit states
Union Agriculture Minister Shivraj Singh Chouhan expressed concern over the drought situation in Maharashtra and Karnataka, saying the Centre will send teams to assess the situation on the ground.
200 AI agents, humans on standby: Inside Ignosis AI’s debt-collection operation
The Ahmedabad-based startup says its agents manage collections for four to five lakh borrowers a month and handle 70-80% of cases without human intervention.
Maharashtra declares drought in 265 talukas or nearly three-fourths of state; announces relief measures
Maharashtra has declared drought in 265 out of 358 talukas due to significant rainfall deficits. The government announced various relief measures, including crop loan restructuring and power bill subsidies. Financial assistance for farmers will be evaluated after ground assessments are completed. Opposition parties have criticized the government's response and demanded immediate financial assistance.
TVK’s Rs 79,219 crore spending push raises fresh concerns over Tamil Nadu finances
The Tamil Nadu government announced a massive Rs 79,219 crore budget for development projects. This spending faces criticism amid concerns about the state's growing debt burden. A panel will seek additional funds to manage fiscal pressures and debt. The budget includes significant infrastructure and welfare initiatives for the state. The government aims for economic recovery and future growth despite current difficulties.
Student or parent: Who should be the primary borrower for education loan? Check repayment and tax implications before deciding
Determining whether a parent or a student should take on an education loan is an important decision. Although the student is the main borrower, having a co-borrower can be beneficial. It’s essential to think about potential future income for repayment rather than merely focusing on admission offers.
Karnataka CM to lead all-party delegation to PM Modi for farm loan waiver amid drought
Karnataka's Chief Minister will lead an all-party delegation to Prime Minister Modi. They seek a farm loan waiver for farmers facing severe drought conditions across the state. The government has also initiated cloud-seeding operations to augment rainfall and address the water crisis. Ministers are visiting drought-affected districts to monitor relief measures and assess the situation. Detailed reports will be submitted to the Centre for immediate financial assistance.
Tamil Nadu CM C Joseph Vijay announces full waiver of cooperative farm loans upto Rs 75,000
In a major relief for farmers, Tamil Nadu's Chief Minister C Joseph Vijay declared an extensive expansion of farm loan waivers, including full debt forgiveness for cooperative loans up to Rs 75,000. This groundbreaking initiative is poised to aid more than 138,000 farmers, resulting in an extra financial commitment of Rs 953 crore from the government, accumulating a total waiver of Rs 6,220 crore benefiting 1.33 million individuals.
CM Revanth Reddy launches crop loan waiver second phase; 6.40 lakh farmers to benefit
Telangana CM A Revanth Reddy initiated the second phase of the crop loan waiver scheme, with Rs 6,198 crore allocated to aid 6.40 lakh farmers. Loans up to Rs 1.50 lakh were waived in this phase. Reddy highlighted the Congress's pledge to waive loans up to Rs two lakh and critiqued the previous BRS administration.
After Telangana's Rs 31,000 cr farm loan waiver, Punjab farmers reiterate similar demand
The Telangana government has announced a farm loan waiver of up to Rs 2 lakh, benefiting nearly 40 lakh farmers at a cost of around Rs 31,000 crore. Punjab farmers have welcomed this decision and renewed their call for a similar waiver from the central government, arguing that the current cash benefit under PM Kisan is insufficient.
RBI cautions against unauthorised loan waiver campaigns
The Reserve Bank of India (RBI) has issued a caution against misleading ads offering loan waivers, noting entities charging fees for unauthorised 'debt waiver certificates.' Some campaigns advise against paying bank dues, undermining regular repayment practices. RBI warns borrowers, emphasising that such activities harm financial stability and may lead to direct financial losses.
Rajasthan CM sanctions proposal to grant Rs 100 cr additional budget for farm loan waiver
The Congress government in the state had announced the loan waiver scheme for farmers after assuming office in December last year.
Depoliticise farm loan waivers: Y V Reddy, former RBI governor
The distress which is the basis of loan waiver is not defined, but based on a sweeping generalisation.
Crop loan waiver: Ready with money but banks have not shared borrower details yet, says Kumaraswamy
State Government, he told media persons, has an exclusive team working with public sector banks, and has been pursuing them for the database on borrowers.
Farm loan waiver bungling: Senior IT bureaucrat VK Gautam shunted
Gautam, a 1987 batch IAS officer, has now been posted as Principal Secretary, Accounts and Treasury, in Finance department, a GAD official said tonight.
Farm loan waivers short term remedy: RBI
Acharya was delivering closing remarks at a RBI organised seminar titled ‘Agriculture Debt Waiver – Efficacy and Limitations’ in Mumbai, a press release from the central bank said.
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