The Economic Times News

Parliament Watch: PSBs write off 6.15 L cr loans; 25 CPSEs to shut; New I-T forms soon

Finance Minister Nirmala Sitharaman stated that a new health and security cess on pan masala will not disrupt GST collections, instead creating a dedicated revenue for health and national security. Meanwhile, Public Sector Banks have written off Rs 6.15 lakh crore in bad loans over five years, though borrower liabilities remain.