The global meltdown saved the RBI It seems absurd a decade later to believe this but in 2009 an Indian financial company had bid for
Day: September 13, 2018
Blow to exporters | Business Standard Editorials
At a time when India is once again facing a rising current account deficit, it is reasonable to ask why the problem of an inability
NPA uncertainty: Supreme Court decision will muddy the waters further | Business Standard Editorials
On Tuesday, the Supreme Court issued an order staying further moves against the distressed power sector by its creditors. It also transferred all the pleas in various
Anti-profiteering: Follow the non-existent rules | Business Standard Column
The National Anti-Profiteering Authority (NAA) is super-busy these days. The authority, which is supposed to ensure that India Inc does not make unfair gains by
Global financial crisis: How India can look ahead by looking back | Business Standard News
As a backstop to banks, a vibrant corporate debt market is absolutely essential for risk diversification In March 2007, I accompanied Axle Weber then President
‘In FOB contract, seller must bear the charges for loading cargo on vessel’ | Business Standard News
We have a contract on FOB basis and the cargo is to be shipped mainly in break bulk mode. The customer (buyer) will arrange the
With NPAs worth Rs 500 bn, banks need 40-60% haircut to get RP4 rating | Business Standard News
With bad loans worth over Rs 500 billion under RBI’s independent credit evaluation (ICE) framework, a report on Wednesday said that banks need to take a haircut of 40-60
GST: Last chance to claim GST Credits for previous fiscal: All you need to do within this month–Economic Times
By Priyajit Ghosh The credit of GST paid on expenses against the GST collected on revenue is the heart of a ‘value added’ tax system. Thus, GST
Supreme Hiatus in Insolvency Proceedings–Economic Times
The Supreme Court has stayed bankruptcy proceedings set to be initiated against power producers and others till mid-November. Assorted debtors had challenged bankruptcy proceedings that
RBI Ex-Governors’ Insights on NPAs–Economic Times
This week, two former governors of the Reserve Bank of India (RBI) have spoken about financial and banking crises. Duvvuri Subbarao, governor from 2008-13 spoke
Lehman Brothers: Root of NPA woes is the restructuring carried out during the Lehman crisis – The Economic Times
India must consider setting up a sovereign wealth fund to invest excess reserves in commercial assets rather than in the might of the dollar. As
Lehman Brothers: We took both conventional and unconventional steps: Duvvuri Subbarao – The Economic Times
We would have done everything that we did in real time because we were operating in real time within the universe of knowledge available to
Stimuli helped weather storm but skewed macros – The Economic Times
Duvvuri Subbarao has had the most inauspicious start to his stint as RBI governor. Within days of assuming office, Lehman Brothers collapsed leading to the worst global financial
Raghuram Rajan | NCLT: Big promoters using IBC to file frivolous appeals: Raghuram Rajan–Economic Times
Some of the promoters of companies in default are still attempting to game the system and the judiciary should resist its temptation to encourage frivolous
Banks may show photos of assets to be auctioned – The Economic Times
Soon, banks may show photographs of properties that they put up for auction, along with relevant documents, just like some of the real estate portals do as
RBI Bankruptcy Deadline: RBI’s deadline for bankrupt companies: Supreme Court stays insolvency proceedings against defaulters–Economic Times
The Supreme Court halted insolvency proceedings against defaulters in the power, sugar, shipping and textile sectors, providing relief to borrowers hours before the deadline for referring them to insolvency
Oil on the boil – The Hindu BusinessLine
While some factors are global, levies can be cut and pricing made more transparent With global crude oil now at almost $80 a barrel, petrol
Banks have to take up to 50% haircut on stressed debt of Rs 50,000 cr under ICE framework: Study – The Hindu BusinessLine
With stressed debt of over Rs 50,000 crore under the independent credit evaluation (ICE) framework, banks have to take a haircut in the range of
politics of economy | अर्थकारणाचे राजकारण – Maharashtra Times
अर्थकारणाचे राजकारण बँकांच्या बुडित कर्जांबाबत रिझर्व्ह बँकेचे माजी गव्हर्नर रघुराम राजन यांनी केलेल्या विवेचनावरून चाललेली राजकीय चिखलफेक दुर्दैवी आहे. कळीच्या विषयावरही कुरघोडी करण्यातच धन्यता मानण्याची ऱ्हस्वदृष्टी राजकीय
Lessons unlearnt: Raghuram Rajan’s explanations for NPA crisis provide a template for banking reforms–Times of India
Raghuram Rajan, governor of RBI between 2013 and 2016, has triggered a political debate between Congress and BJP while communicating his views on India’s bad
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