Amidst creeping inflation and a falling rupee, it would seem that the Monetary Policy Committee (MPC) was left with little option but to hike the
Month: June 2018
Inflection point: RBI first policy increase in four years must be complemented by fiscal prudence
Reserve Bank of India’s monetary policy committee on Wednesday increased the policy interest rate by a quarter percentage point to 6.25%, the first time in
RBI to set up Public Credit Registry on all borrowers | The Indian Express
The Reserve Bank of India has decided to set up a Public Credit Registry (PCR) “to foster the level of access to credit and strengthen
IBC Monitor, Part II: Despite push for resolution, 30 liquidation orders so far | The Indian Express
While the 12 large cases under the IBC resolution account for nearly Rs 3.2 lakh crore worth of unpaid loans or non-performing assets, the MSMEs
A forced hike | The Indian Express
The RBI on Wednesday raised its key policy rate, the repo rate, by 25 basis points to 6.25 per cent. The decision of the Monetary Policy
In India, it’s rupee depreciation that really drives inflation | Opinion | business news | Hindustan Times
In the words of economist Milton Friedman, inflation is “always and everywhere” a monetary phenomenon. But if you asked a brokerage analyst in Singapore why
Pre-emptive strike: on RBI’s repo rate hike – The Hindu
At the end of an unusually long three-day meeting, the Monetary Policy Committee of the Reserve Bank of India opted for a hike in key interest
The power sector solution that is not–Economic Times–06.06.2018
Lenders have identified 11 power projects with a combined installed capacity of nearly 13,000 MW that have turned into non-performing assets for a special resolution
One year of GST: From launch to Rs 1 lakh crore collection; questions PM Modi must answer now – The Financial Express–06.06.2018
In less than four weeks from now, it will be full one year since India woke up to a new indirect tax regime — the
Income Tax: Give tax FAQs to tax man – Here is why – The Financial Express–06.06.2018
A few weeks ago, the taxman shocked banks when tax demands were served on the “free services” they offered their customers. A few weeks ago,
IBC’s blind spot: Rights of operational creditors need to be spelt out | Business Standard Editorials–06.06.2018
As the first exercise of its kind in India, the Insolvency and Bankruptcy Code (IBC) has been a work in progress, entailing periodic adjustments to
Bank loans worth ₹5-lakh cr turned into NPAs in FY18: Crisil – Business Line–06.06.2018
As much as ₹5-lakh crore of bank loans deteriorated into the non-performing asset (NPA) category in fiscal 2018, according to credit rating agency Crisil. But
Insolvency and Bankruptcy Code Monitor: Legal challenges hold up progress in most cases | The Indian Express–06.06.2018
Bhushan Steel’s acquisition by a Tata firm only success story so far. While the Insolvency and Bankruptcy Code (IBC) has ushered in significant urgency in
A fiscal storm looms: Don’t wait for Godot!–Deccan Chronicle–06.06.2018
Piyush Goyal, the interim finance minister, will need to be a lucky general if he is to overcome the triple challenge of widening trade and
Financial Products and Services: RBI launches Financial Literacy Week, focus on consumer protection – The Economic Times–05.06.2018
The Reserve Bank of India today launched Financial Literacy Week across the country with customer protection as its main theme. The event will focus on creating awareness among customers
‘Hand of government’ lifts March-quarter GDP growth to 7.7 per cent, says HSBC report – The Financial Express–05.06.2018
On one hand, while manufacturing and agriculture growth rose, exports and private consumption disappointed, it added. The “hand of government” was the main driver behind
Location of supplier to be that of bank account: GST clarification – The Financial Express–05.06.2018
The location of a supplier will be the state in which the person holds a bank account even if bank branches of other locations are
Here’s what Suresh Prabhu is doing to boost India’s exports – The Financial Express–05.06.2018
As many as 15 projects were approved under by a commerce ministry scheme to develop infrastructure for promoting exports. (Image: Reuters) As many as 15
RBI must increase liquidity, wait to raise repo rates – The Financial Express–05.06.2018
While rising inflation could prompt RBI to harden its stance post the monetary policy review on Wednesday, even if it doesn’t actually hike the repo,
Vedanta enters steel with acquisition of Electrosteel Steels, to hold 90% | Business Standard News–05.06.2018
Anil Agarwal-promoted Vedanta Ltd announced on Monday that it has acquired the control of Electrosteel Steels Ltd (ESL) under a resolution plan that became effective Monday. “Pursuant
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