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Business Headlines: PNB hit with another fraud worth 3,800 Cr, shares tank 11%

PSU banking major Punjab National Bank (PNB) said it has detected a fraud of more than ₹ 3,800 crore by Bhushan Power & Steel Ltd. and has reported it to the RBI. Finance Minister Nirmala Sitharaman via the budget seeks to impose an additional surcharge on individuals earning in excess of ₹ 2 crore a year, commonly called the super rich tax. We give you the details and how it will affect sentiments across the country. #PNB #Budget2019 #NirmalaSitharaman

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