finance

The CBI had registered an FIR alleging irregularities in a Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007, during Chidambaram's tenure as finance minister.

MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.19 per cent. Chinese shares moved up by 0.13 per cent while Japan's Nikkei was up by 0.28 per cent.

The company had said that more than 27 corporate partners -- including Visa, Mastercard and companies like Uber -- had pledged to support the project.

Chidambaram is being taken to Tihar jail after a CBI court sent him to judicial custody till September 19 in the INX media case.Earlier on Thursday, the Supreme Court also rejected his plea challenging the Delhi High Court order that had refused anticipatory bail

Chidambaram took a jibe at the government over the growth rate of 5 per cent in April to June quarter him when he was asked about his custody in CBI.

Chidambaram is facing probe in cases registered by the CBI and the ED pertaining to alleged irregularities in the Foreign Investment Promotion Board clearance given to INX Media to the tune of Rs 305 crore in 2007 when he was the Union finance minister.

Chidambaram, who was arrested by CBI on August 21, had challenged the order given by the trial court of sending him to the CBI custody.

It is worth noting that just a day before the Cabinet expansion several senior ministers tendered their resignation to make way for new entrants in the ministries.

Responding to another question on non-performing assets (NPAs) in percentage term and the total GDP at the end of demonetisation and till date, Thakur said: "Gross NPA of scheduled commercial banks to gross advances, as per the RBI data on global operations, was 9.20 per cent as on 31.12.2016 and 9.08 per cent as on 31.3.2019."

Unless we give substantial incentive for renewable energy, particularly when it comes to the question of mobility...emissions from vehicles that use fossil fuel is main reason for suspended particles in air...So we wanted to make sure that if we have made a good commitment for improving air quality conditions we have to support electric vehicles