Tag Archives: Finance Minister

“Vijay Mallya Files Petition in Karnataka High Court Over Alleged Excess Loan Recovery by Banks”

Vijay Mallya Challenges Excess Loan Recovery by Banks in Karnataka High Court

Fugitive businessman Vijay Mallya has approached the Karnataka High Court with a plea challenging the recovery of loans by Indian banks, claiming they have collected more than double the amount owed. Mallya, who is currently residing in London, is contesting the recovery of ₹14,000 crore by banks, despite his debt originally amounting to ₹6,200 crore.

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“Finance Minister Announces Upgrade of 40,000 Rail Coaches to Meet Vande Bharat Standards”

India's Ambitious Rail Upgrade: 40,000 Coaches to Adopt Vande Bharat Standards

In a significant move to enhance the safety, convenience, and comfort of rail passengers, Finance Minister Nirmala Sitharaman announced in the Interim Budget for 2024 that 40,000 regular train coaches will undergo a transformation to meet Vande Bharat standards. The conversion is part of the government's continued commitment to improving connectivity and passenger experience.

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