financial recovery

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    Haryana Minister Directs Measures for Uninterrupted Power Supply

    Chandigarh, April 10 Haryana Minister Anil Vij issued directions to officials in the energy department on Friday, stating that these must be effectively implemented to ensure that consumers receive uninterrupted electricity supply.The energy minister was chairing a review meeting with senior...
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    CAG Reports Airtel's Delayed Telecom Rollout, Outstanding Penalties

    New Delhi, April 2 The Comptroller and Auditor General (CAG) has said that Digital Bharat Nidhi, a rural telecom development fund under the Department of Telecom, should recover liquidated damages and non-performance penalty of Rs 8.49 crore from Bharti Airtel, which has been pending for the...
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    India's IBC: A Key to Banking Sector Recovery

    New Delhi, April 1 The Insolvency and Bankruptcy Code has helped improve the health of the Indian banking sector, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Wednesday.The Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after the Rajya Sabha...
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    Rs 1.5 Crore in Tobacco Goods Seized in Enforcement Drive

    Chandigarh, March 27 – Punjab Finance Minister Harpal Singh Cheema said on Friday that the Taxation Department has launched a large-scale, coordinated enforcement drive across the state to curb tobacco tax evasion, leading to the detection of unaccounted goods estimated at Rs 1.5 crore...
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    IBC Debate: Opposition Criticizes Delays, BJP Defends Reform

    New Delhi, March 25 Members of the opposition in the Lok Sabha criticized the Insolvency and Bankruptcy Code (IBC) on Wednesday, arguing that it has failed to deliver timely resolutions due to the limited capacity of the tribunals, which are overburdened with cases. The BJP defended the 2016 law...
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    IBC Drives ₹4 Lakh Crore Recovery in a Decade

    New Delhi, March 25 The introduction of the Insolvency and Bankruptcy Code (IBC) has led to the recovery of over ₹4 lakh crore in the last decade through the resolution of bankrupt companies, senior BJP MP Anurag Thakur said in the Lok Sabha on Wednesday.Participating in the debate on the...
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    Citizens Can Now Track and Recover Idle Financial Assets

    New Delhi, March 24 – The government has intensified its efforts to help citizens recover over ₹73,000 crore in unclaimed deposits held by banks, insurance companies, and mutual funds. Regulators are implementing simplified claim processes, digital tracking platforms, and nationwide awareness...
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    Government Plans Subsidies Amidst Power Debt

    New Delhi, March 23 Electricity rates in the city are likely to rise from April as the Delhi government is preparing to disburse pending dues of over Rs 38,000 crore to the three power distribution companies, officials said on Sunday.The government is, however, planning to subsidize the...
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    Delhi Government Plans to Address Discom Debt, Potentially Increasing Electricity Rates

    New Delhi, March 22 Electricity rates in the city are likely to rise from April as the Delhi government is preparing to disburse pending dues of over ₹38,000 crore to the three power distribution companies, officials said on Sunday.The government is, however, planning to subsidize the increase...
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    LPG Cylinder Seizures Increase in Maharashtra as Government Targets Illegal Market

    March 18, New Delhi – The Maharashtra government is intensifying its efforts to ensure the uninterrupted supply of LPG cylinders to domestic consumers and to curb black marketing.A total of 2,129 raids have been conducted across the state so far, resulting in the seizure of 1,208 LPG cylinders...
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    Gurugram Land Parcel Offered for NPA Recovery

    Mumbai, March 17 State-owned Punjab National Bank on Tuesday invited bids to sell the non-performing assets (NPAs) of Rolta Pvt Ltd, worth Rs 450.85 crore.The NPAs consist of a land parcel and building in Gurugram, Haryana, measuring approximately 7,800 sq m. The reserve price for the asset...
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    Kochi Cyber Police Recover Rs 1 Cr in 'Digital Arrest' Fraud

    Kochi, March 14 The Kochi city cyber police have recovered over Rs 1 crore stolen from an 81-year-old man through a "digital arrest" online fraud.The incident occurred in November last year when the elderly man was defrauded of around Rs 1.30 crore in a digital arrest scam, where fraudsters...
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    Punjab Pension Scheme: Funds Recovered from Ineligible and Deceased Accounts

    Chandigarh, March 3 Punjab Social Security Minister Baljit Kaur said on Tuesday that her department had recovered a sum of Rs 170 crore that had been credited to the accounts of deceased and ineligible beneficiaries under the old age pension scheme.Addressing the media here, Kaur said that...
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    Civic Body Steps Up Defaulter Action, Seizes Properties in Navi Mumbai

    Thane, February 25 The Navi Mumbai Municipal Corporation (NMMC) has collected property tax amounting to ₹650 crore so far in the current financial year, recording a significant increase in digital payments, officials said on Wednesday.A total of 1,82,894 taxpayers have paid property tax, of...
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    Investigation Reveals Funds Transfer to Private Firm in IDFC First Bank Scandal

    Chandigarh, February 25 – Haryana Director General of the Anti-Corruption Bureau, Arshinder Singh Chawla, announced on Wednesday that four individuals were arrested in the IDFC First Bank fraud case, which involved government departments. The money was transferred to the Swastik Desh project, a...
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    Report Cybercrime Immediately: 'Golden Hour' Key to Recovery

    Mumbai, February 24 – Chief Minister Devendra Fadnavis, who also holds the Home portfolio, appealed to citizens on Tuesday not to respond to any video call about a "digital arrest," as it is non-existent and there is no legal provision for such an arrest.Scammers impersonating police or CBI...
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    Finance Minister Cheema Details OTS Policy and Property Attachments

    Chandigarh, February 19 Punjab Finance Minister Harpal Singh Cheema said on Thursday that the government is committed to ensuring a harassment-free and conducive business environment while maintaining strict tax compliance in the state.According to Cheema, the state Taxation Department has...
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