Viral Acharya (left) said Governor Urjit Patel (second from right) (Express Photo by Ganesh Shirsekar/File) While the trouble between the government and the Reserve Bank
Month: October 2018
Essar Steel: Committee of creditors still backing ArcelorMittal’s bid – The Economic Times
ArcelorMittal’s acquisition of Essar Steel is a done deal despite attempts by erstwhile promoters, the Ruias, to retain the asset, said bankers with knowledge of
Centre vs Central Bank: Government can’t second-guess RBI, time to work together – The Financial Express
The Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai May 3, 2011. It is unfortunate that RBI, through deputy governor
Govt upset with RBI for being kept in the dark about PCA, NPA norms | Business Standard News
Amid differences between the Reserve Bank of India (RBI) and the finance ministry, officials said the government was upset with the central bank for not consulting it
[ RBI Vs Govt ] An avoidable path | Business Standard Editorials
Public recriminations will help neither the govt nor the RBI Last Updated at October 29, 2018 22:57 IST Last week, Viral Acharya, deputy governor of
[ Economy Deficit Financing ] Tight corner – The Hindu BusinessLine
With its other macro indicators in not-so-great shape, it is worrying that India’s fiscal deficit numbers should now threaten to overshoot targets for this fiscal.
Govt move to up pecuniary limit to file loan recovery in DRTs stayed by Rajasthan HC – The Hindu BusinessLine
The Rajasthan High Court has stayed the operation of the government’s September 6 Gazette notification, which doubled the pecuniary limit to ₹20 lakh for filing
RBI: Is RBI masking its mistakes? – The Economic Times
It’s a story about a central govt that is bereft of subtlety & a central bank that masks its mistakes. Their relationship had begun on
Government expects recoveries to exceed Rs 1.80 lakh crore in FY19 – The Financial Express
Enthused by the impact of new insolvency and bankruptcy law, the government expects bad loan recoveries to exceed Rs 1.80 lakh crore target for the
Why import curbs won’t stop the fall of Indian rupee; here’s how to deal with it–Business Today
The rupee is rapidly hurtling towards the 75 mark against the dollar. Far from its economic rationale, a falling rupee is often seen as a
Are government and RBI finally seeing eye to eye on the economy?–Business Today
The Reserve Bank of India governor and the Indian government, especially the finance ministry, have often got into tiffs -and sometimes waged prolonged cold wars
View: Why RBI’s lament may lead to more stress in the economy – The Economic Times
Good central banks everywhere recognise and accept this, and do not try to push the envelope to a point where it could boomerang on all
At arm’s length or holding hands?
In the wake of RBI deputy governor Viral Acharya making a spirited pitch for regulatory independence for the RBI and ruing the central bank’s asymmetry
For a change, a useful and needed circular | Business Standard Column
The Central Board of Indirect Taxes and Customs (CBIC) has issued a very useful circular, 38/2018-Customs, dated October 18. It is on procedure in cases
Prompt corrective action or slow destruction? | Business Standard Column
The Reserve Bank of India’s (RBI) last board meeting in Mumbai continued for hours, the longest in its recent history. Much time was spent discussing
Govt and RBI must resume consultations, instead of airing their differences | Business Standard Column
Last weekend, top officials in North Block, headquarters of the finance ministry, could not have had a peaceful sleep. Indeed, even senior officials in the
Cross-border insolvency rules: How they impact creditors, investors | Business Standard Column
Recently, the Insolvency Law Committee, constituted by the Ministry of Corporate Affairs, published its second report, which recommends adoption of the UNCITRAL Model Law on
Ticklish issues in cross-border insolvencies – The Hindu BusinessLine
The Insolvency Law Committee’s recommendations are a step in the right direction, but some aspects need a rethink The way Nirav Modi’s entities have filed
ArcelorMittal wins majority stake in Essar Steel buyout – The Hindu
Nippon Steel to own nearly equal stake The committee of creditors of the debt-laden Essar Steel India Ltd. has chosen ArcelorMittal SA and Japan’s Nippon
ArcelorMittal wins bankrupt Essar Steel, finally! Ruias’ last ditch effort won’t work, say experts – The Financial Express
ArcelorMittal has won the bid for bankrupt Essar Steel, finally — and arguably ‘fair and square’. ArcelorMittal has won the bid for bankrupt Essar Steel,
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