Government close to resolving some bad power loans - Piyush Goyal

Bad loans in the power sector continue to weigh on India`s banks.

Government close to resolving some bad power loans - Piyush Goyal
India's Power Minister Goyal speaks during the India Economic Summit 2014 at the World Economic Forum in New Delhi. Photo: Reuters

The government is close to resolving bad loans made in the power industry for companies that owe money and are not avoiding repayment on purpose, Power Minister Piyush Goyal told reporters on Monday.

Bad loans in the power sector continue to weigh on India`s banks, and the government has been looking for ways to help ease the pain for companies struggling to service their debts.
Goyal, speaking to reporters in New Delhi, did not immediately elaborate on how it would resolve the bad loans.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-fd-444-day-amrit-vrishti-vs-bank-of-baroda-bob-400-fixed-deposit-maturity-return-interest-rate-calculator-amount-on-inr-rs-600000-and-1000000-investments-for-senior-and-general-citizens-337493

SBI 444-day FD vs Bank of Baroda 400-day FD: What will be maturity amounts on Rs 6 lakh and Rs 10 lakh investments for general and senior citizens?

https://www.zeebiz.com/personal-finance/news-ppf-interest-rate-maturity-retirement-corpus-planning-calculator-how-to-get-inr-rs-85000-month-tax-free-income-from-public-provident-fund-calculations-80c-tax-benefits-what-will-be-interest-amount-337894

Ppf interest rate maturity retirement corpus planning calculator how to get inr rs 85000 month tax free income from public provident fund calculations 80c tax benefits what will be interest amount

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-latest-fd-rates-for-senior-citizens-and-others-know-what-publuc-lender-is-giving-on-rs-10-lakh-deposits-in-1-year-3-years-5-years-tenure-fixed-deposit-return-calculator-online-337233

SBI Latest FD Rates: This is what you can get on Rs 10 lakh investment in 1-year, 3-year, and 5-year tenures

https://www.zeebiz.com/startups/news-success-story-of-vineeta-singh-co-founder-of-sugar-cosmetics-how-she-left-rs-1-crore-package-now-running-rs-4000-crore-business-shark-tank-india-337168

Vineeta Singh Success Story: Quit Rs 1 crore job, lived on Rs 10K, now owns Rs 4000 crore empire

https://www.zeebiz.com/personal-finance/photo-gallery-home-loan-emi-interest-rate-tenure-prepayment-repayment-calculator-which-prepayment-option-can-save-5516672-7-years-9-months-on-8000000-loan-30-calculations-saving-tips-strategy-337578

Reduce Home Loan EMI vs Reduce Tenure: Which prepayment option can help save Rs 55 lakh, & 7 years and 9 months on Rs 80 lakh, 30-year loan

https://www.zeebiz.com/personal-finance/news-top-10-multi-cap-mutual-funds-with-highest-sip-returns-in-1-year-calculator-sbi-lic-hsbc-canara-axis-union-invesco-know-how-rs-13333-monthly-investment-in-each-scheme-has-grown-nifty-bse-337890

Top 10 multi cap mutual funds with highest SIP returns in 1 year calculator sbi lic hsbc canara axis union invesco Know how Rs 13333 monthly investment in each scheme has grown nifty bse

https://www.zeebiz.com/personal-finance/photo-gallery-lump-sum-investments-in-mutual-funds-know-in-how-many-years-you-can-make-a-corpus-of-over-rs-1-crore-by-making-one-time-investment-of-rs-350000-compound-interest-benefits-retirement-planning-337786

In how many years can Rs 3.5 lakh mutual fund lump sum investment generate Rs 1,00,00,000 corpus?

Written By: Reuters
Updated: Mon, Jun 12, 2017
12:56 PM IST
New Delhi, Reuters
RELATED NEWS
India's exports to cross $ 800 billion this fiscal: Piyush Goyal India's exports to cross $ 800 billion this fiscal: Piyush Goyal

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x