Persistent current account deficit and net capital outflows are the key reasons for the fall The rupee has crossed the 70 mark against the US
Month: August 2018
bad loans: Lenders will have 15-days to resolve the stressed accounts that come within RBI’s Feb 12 circular – The Economic Times
Banks will have a window of another 15 days to resolve the stressed assets that comes within the remit of the Reserve Bank of India’s
A Bubble of Déjà Vu From Jackson Hole
It was at Jackson Hole, Wyoming, where central bankers gather to shoot the breeze and exchange views with economists that Raghuram Rajan had warned, in
Housing units worth Rs 4.64 lakh crore facing delays, says report – The Financial Express
Around 5.76 lakh housing units worth Rs 4.64 lakh crore are facing construction delays in seven major cities across the country for a variety of
Is the USD ready to turn lower? – The Financial Express
Whatever you may think of Trump’s integrity, style, smarts or looks, there is no doubt that he has brought a cat amongst the pigeons on
The policymaker versus the promoter – The Financial Express
The government—being the main equity holder in PSU banks—appears to be warming up to the idea of waiver for the power sector from RBI’s new
Insolvency resolution: NCLAT order on Essar Steel this week, say bankers | Business Standard News
With the National Company Law Appellate Tribunal (NCLAT) order on Essar Steel expected this week, bankers said they were hoping Numetal, ArcelorMittal, and Vedanta to revise their
IBC process: Two fresh bids for Nagarjuna after NCLT rejects liquidation | Business Standard News
Two fresh bids have been submitted after the insolvency process for Nagarjuna Oil Corporation (NOCL) ran into controversy. The firm’s committee of creditors (CoC) was recommending liquidation,
Deadline ends for NPAs: Provisioning for NCLT-3 accounts seen at Rs 1 trn | Business Standard News
As the deadline for stressed asset resolution, as per the Reserve Bank of India’s (RBI’s) February 12 circular, concluded on Monday, lenders are expected to
NCLT orders liquidation of Lanco Infratech, appoints Savan Godiawala as RP | Business Standard News
The Hyderabad Bench of the National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Lanco Infratech Limited (LITL), the holding company of the
Judicious decision | Business Standard Editorials
The Allahabad High Court has taken the right decision by denying interim relief to power companies from the Reserve Bank of India’s (RBI’s) February 12
Capital goods imported under EPCG scheme can be shifted to another unit | Business Standard News
Q. We have installed capital goods imported under the EPCG scheme in our Unit-1, the address of which is mentioned in the authorisation and bill of entry. Now, we
Can govt direct central bank on policy and regulations? Yes, says RBI Act | Business Standard News
The Allahabad High Court on Monday asked the central government to hold consultations with the Reserve Bank of India (RBI), under Section 7 of the RBI Act 1934, on the way
Stressed power assets: 180-day deadline breach not end of road, say bankers | Business Standard News
Banks may breach the 180-day deadline of August 27 for firming up a resolution plan on big-ticket stressed accounts. But that is not the end of the
Niggles remain | Business Standard Editorials
The many niggling problems associated with the hurried deadline for implementing the goods and services tax (GST) are beginning to manifest themselves in ways that could add
Truth is that on growth, Modi govt’s performance has been astoundingly poor | Business Standard Column
Successful propaganda has one rule: You don’t try to muddle your narrative. It is unwise to try and convince people that two contradictory “facts” are
Economy of India RBI | आज काय होणार? | Loksatta
कांकडील सुमारे चार लाख कोटी रुपयांच्या थकीत कर्जाच्या वसुलीचा ठोस कार्यक्रम रिझव्र्ह बँकेस सादर झाला नाही, तर ७० कंपन्या लिलावात निघतील.. आज, सोमवारी सायंकाळी रिझव्र्ह
Tata Steel set to scrap Bhushan Steel-energy deal – The Economic Times
Tata SteelNSE 1.20 % has started the process of cancelling power purchase agreements (PPAs) between Bhushan SteelNSE -0.36 %, a company it acquired through bankruptcy resolution proceedings, and Bhushan Energy in
Income-tax scrutiny all set to go electronic – The Hindu BusinessLine
The Central Board of Direct Taxes (CBDT) has mandated ‘e-proceeding’ for all income-tax scrutiny in 2018-19. It has also specified seven situations where e-proceeding will
Series of reforms transformed economy: Jaitley – The Hindu BusinessLine
Finance Minister Arun Jaitley has cited IMF reports to highlight how the Narendra Modi-led government through a series of reforms has transformed the “weak economy”
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