The measures will probably include steps to curb the decline in the rupee and oil prices, a government official told reporters.
The finance ministry and RBI are in touch and the central bank is intervening in the currency market when needed, sources said.
Rising crude prices coupled with the depreciation of the rupee is straining the government’s subsidy budget.
Government-controlled lenders are estimated to hold 90 percent of non-performing loans.
India may halve its imports from Iran to secure a waiver from the U.S. to continue with shipments.
Talks are at an initial stage and the NTPC-NHPC deal is unlikely to be concluded this fiscal year.
India will inject at least Rs 13,500 crore into state-controlled banks this month.
The government is likely to infuse $290 million into PNB to help meet dues on its perpetual bonds.
IDBI’s board will approve a preferential sale of shares to LIC at a meeting soon.
How PNB is looking to report the nation’s biggest bank profit.
India’s central bank forecasts the bad-debt numbers to worsen next year.
The government has been trying to sell IDBI Bank, which has the highest bad-loan ratio among state-run lenders.
Government to focus on improving Air India’s operations.
The plan is to speed asset sales after a disastrous attempt to find a buyer for the cash-strapped national airline.
Modi’s offer to sell flag carrier Air India attracted zero interest from investors.
India sees a greater probability of global crude oil prices remaining high for a longer period.
India’s state-run oil retailers are said to have been asked not to increase retail diesel and gasoline prices.
The finance ministry has called for a meeting of primary dealers to discuss its near record bond-sale program.
India Cuts First Half Borrowing Plan in Surprise to Markets
Government expects to receive $1.5 billion as interim dividend from RBI this month, sources said.
The extent of any loss to PNB from the fraud is unclear, as is how much it could get from the sale of Bhushan Steel.