Saturday, February 13, 2016

Bank stocks plunge, in RED

Bank of Baroda reports Rs 3,342 crore loss in Dec quarter

Net loss for the quarter was at Rs3,342 crore compared to a net profit of Rs334 crore in the same quarter last year

IDBI Bank posts Rs 2,183.68 crore loss in Q3

The bank reported a loss, largest by any bank in the quarter so far, owing to rising provisions for bad loans and lower other income


SBI’s profit drop amplifies bank gloom

Profit declines worse-than-expected 62%, gross NPAs rise 28%; there may be more pain to come, warns SBI chief Arundhati Bhattacharya

PSU bank profits plunge amid loan clean-up

Punjab National Bank’s profit plummets 93%; Central Bank of India, Dena Bank, Allahabad Bank post losses

Bumpy road ahead for Axis Bank

Shares of Axis Bank have slumped 40.2% after they touched an all-time high in March last year, underperforming the banking index

Canara Bank: Bank Reports 87 Percent Net Profit Loss in 3rd Quarter Earnings

The bank said Friday that its net profit fell 87 percent to Rs 85 crore in the third quarter, compared to last year's Rs 656 crore. Multiple outlets reported the loss was due to the bank's bad loans.

Thursday, February 11, 2016

Highlights of Oommen Chandy's #Kerala Budget ‏@Oommen_Chandy #KeralaBudget2016

Keralabudget: through ration shops gets Rs 10 crore for its improvement.

Keralabudget: Student Police Corps that has inspired the country to get a directorate, Rs 1 crore has been allocated for the purpose.

Keralabudget: Rationshops to distribute rice free for BPL families. So far, it has been distributed at Rs 1 per kg.

Keralabudget: Lottery to be formed and income to be allocated for women empowerment.

Keralabudget: Income from state lottery sales increased from Rs 557 crore to Rs 5445 crore.

Keralabudget: Rs 6 crore has been allocated for project.

Keralabudget: Rs 5 crore has been allocated to modernise treasuries.

Keralabudget: Grandinaid programme for starting centres allocated Rs 10 crore.

Keralabudget: Irrigation projects gets an allocation of Rs 491.47 crore.

Keralabudget: Gender equality, women empowerment to get priority in the state.

Keralabudget: Old Age pension for those above 75 years to be increased from Rs 1000 to Rs 1500.

Keralabudget: Kakkanad International Women's Trade Centre to be formed, for initial studies Rs 5 crore has been allocated.

Keralabudget: For Snehapoorvam programme, that takes of the educational expenses of orphaned children, Rs 40 crore has been allocated.

Keralabudget: Rs 10 crore allocated for Endosulfan victims rehabilitation.

Keralabudget: SocialSecurity has been a priority to the government, Rs 583.52 crore has been allocated for this purpose.

Keralabudget: Cancer patients from SC segment will be given free treatment at the Regional Cancer Centre in Thiruvananthapuram.

Keralabudget: Norka gets Rs 28 crore

Keralabudget: Waste Management Authority will be formed, Rs 25 crore has been allocated.

Keralabudget: Rs694 crore for urban development, Rs18.09 crore for waste management in urban areas.

Keralabudget: Housing for All project gets 70.92 crore.

Keralabudget: Rs 33.64 crore for the development of #AyurvedaMedical Colleges.

Keralabudget: Thiruvanathapuram Medical College to be developed as Centre of Excellence.

Keralabudget: Rs 100 crore for Paraiyaram Medical College

Keralabudget: #PariyaramMedicalCollege will be acquired by the govt.

Keralabudget: Malabar Cancer Centre gets Rs 29 crore.

Keralabudget: Medical Colleges allocated Rs 121 crore,  dental colleges gets Rs 24 crore, Nursing colleges gets Rs 4.67 crore.

Keralabudget:  Rs 20 crore for Kochi Cancer Institute.

Keralabudget: AroygyaKiranam that ensures free medical services for children below 18 yrs gets Rs 31.5 crore.

Keralabudget: Rs 16 crore for developing and improving maternity units in Taluk hospitals.

Keralabudget: Rs 85.22 crore allocated Sports and Youth Welfare.

Keralabudget: Mannam Cultural Centre at Pala

Keralabudget: SreeNarayana Museum in Sivagiri, Varkala.

Keralabudget: An amount of Rs 91.22 crore has been allocated for the developing of arts and art forms of Kerala.

Keralabudget: Ernakulam Maharaja's College to be converted into DigitalCollege, an amount of Rs 3 crore has been allocated for this purpose.

Keralabudget: Malayalam University has been allocated Rs 7.65 crore.

Keralabudget:  Rs 14 crore has been allocated to develop 100 schools across state to international standards.

Keralabudget: 1000s of poor students are finding it difficult to repay educational loans. Rs 200 crore has been allocated to help.

Keralabudget: 1330.7 crore allocated for education sector.

Keralabudget:  25 crore allocated for InfoCity at Pala, Kottayam.

Keralabudget: Neyyar dam - Aruvippuram road, Thiruvananthapuram gets Rs 20 crore.

Keralabudget: Helipads in various tourism spots in Kerala.

Keralabudget: To start 24 new schemes in tourism sector 311.57 crore has been allocated.

Keralabudget: Sabari Railway to get priority.

Keralabudget: Kovalam Jalapatha has been allocated Rs 50 lakh

Keralabudget: Govt to provide subsidy for inland water transport.

Keralabudget: Two LED bulbs to be given free in every home in Kerala.

Keralabudget:  CNG buses to be started in Kochi.

Keralabudget: Welfare pension for farmers has been increased to Rs 750.

Keralabudget: To ease traffic in Piravam town, Rs 40 crore has been allocated.

Keralabudget:  Pala-Etumannor Highway to be made into 4 line path.

Keralabudget: Rs 26.5 crore has been allocated for #KeralaSuchitwaMission.

Keralabudget: Underpass in #Pattom and #Peroorkada, Thiruvananthapuram to ease traffic.

Keralabudget: Rs 8 crore has been allocated for women entrepreneurs.

Keralabudget: Govt has been able to complete its promise of completing 100 bridges in 

Keralabudget: Poonthura, Valiathura harbours has been allocated Rs 10 crore.

Keralabudget: #CyberPark at #Chengannur.

Keralabudget: Rs 25 crore allocated for the encouraging start-ups in 2016-17.

Keralabudget: Our startup policy has inspired the whole of India.

Keralabudget: Youth Entreprenuership has been allocated Rs 40 crore.

Keralabudget: Token amount has been allocated for KnowledgeCity in Thiruvananthapuram.

Keralabudget: #Kerala is India's first #digital state.

Keralabudget: Rs 5crore has been allocated for 'aquarium at every home' project.

Keralabudget: Rs 12 crore has been allocated to provide seed fund and angel fund for young entrepreneurs.

Keralabudget: 110.54 crore has been allocated for the development of MSMEs, business incubators, start-ups etc.

Keralabudget: ANERT has been allocated 43.28 crore, Energy Management Centre has been allocated 7.45 crore.

Keralabudget: Rs 2500 crore has been allocated for PPP projects in 2016-17.

Keralabudget: Rs 130 crore has been allocated for KudumbaShree.
#Keralabudget: Rs 100 crore has been allocated for building a new dam at #Mullaperiyar.

Keralabudget:  Sabarimala Master Plan has been allocated Rs 40 crore.

Keralabudget: MGNREGS will concentrate on gramin asset creation along with providing work-days for the rural poor.

Keralabudget: 4057.4 crore has been allocated for the development of rural development.

Keralabudget: Rs 74.3 crore has been allocated for organic farming.

Keralabudget: Rs 500 crore has been allocated for rubber farmers.

Keralabudget: By 2016-17, Kerala will become self-sufficient in milk production.

Keralabudget: Rs 2.9 crore has been set aside for hi-tech agriculture.

Keralabudget: LightMetro rail in #Thruvanthapuram and #Kozhikode will become a reality.

Keralabudget: Allocation of Rs 5 crore for providing subsidy for Neera production to help coconut farmers.

Keralabudget: Organic vegetable farming is one of the main agendas for the govt since 2012-13.

#Keralabudget: During the financial year 2014-15, Kerala has achieved growth rate of 12.31%.

#Keralabudget: The state has spent maximum amount of money for the welfare of poor people.

KeralaBudget: The #government has always stood with the people.

Kerala budget: State has transformed into a state that is wooed by investors.