Ajay Piramal shared his views on how it may be time to turn irrational exuberance into sanity. Few bet their personal wealth on financial services
Day: October 6, 2018
Time taken at tribunals in insolvency cases to be excluded from statutory 270 days: SC – The Economic Times
The court made the observation in the Essar Steel case. The Supreme Court on Thursday said the time taken up by litigations during the corporate
Fiscal slippages to have adverse bearing on inflation, markets, says RBI – The Financial Express
The Reserve Bank Friday said the Centre and states should stick to the fiscal deficit target as any slippage will have an adverse bearing on
RBI Monetary Policy Review: Repo rate, stance, inflation, growth outlook; 9 key things to know – The Financial Express
RBI Monetary Policy: Unfazed by continuous fall in rupee versus US dollar, RBI Governor said the rupee fall is moderate in comparison to emerging markets
IL&FS crisis: The untold tale behind PM Narendra Modi’s shocking takeover of a risky lender – The Financial Express
IL&FS crisis: RBI has initiated a special audit, given the potential systemic risk to other non-bank lenders . With the future stability of the Indian financial
PSB mergers a good idea? The problem gets rolled over for another day unless this big issue is tackled – The Financial Express
This comes close on the heels of the merger of the State Bank of India, on April 1, 2017, with five subsidiary banks. The government’s
Supreme Court does well on Essar Steel bids – Here is why – The Financial Express
Though the resolution process for Essar Steel’s NPAs has been dragging for more than a year against the allowed 180 days—with an extension of another
Why rupee loses more than currencies of nations with slower growth | Business Standard Column
Economic theory tells us that a country’s currency becomes more expensive (ie, it rises relative to other currencies) as its productivity level rises relative to others. The
Govt seeks immunity for new IL&FS board from civil, criminal proceedings | Business Standard News
The government has sought immunity for the new board of Infrastructure Leasing & Financial Services (IL&FS) from any civil or criminal proceedings for decisions and
RBI keeps policy rates unchanged, shifts stance to ‘calibrated tightening’ | Business Standard News
The Reserve Bank of India (RBI) on Friday surprised the markets by keeping the policy rates unchanged even as it shifted its stance to “calibrated tightening”. The
RBI surprises with status quo on key rates, less concern on currency | Business Standard News
The RBI has sprung a surprise by not altering the interest rates or lowering the cash reserve ratio (CRR) at a time when inflation appears to be
RBI policy review: MPC surprises but stance indicates future hikes | Business Standard Column
The Monetary Policy Committee (MPC) sprang a surprise by keeping the repo rate unchanged even as it changed its stance to “calibrated tightening”. In justification
Rupee is still better than its emerging market peers: Urjit Patel – The Hindu BusinessLine
On a day the rupee breached the 74-mark against the US dollar for the first time, RBI Governor Urjit Patel said Friday that the domestic
Centre moves NCLT seeking protection for new IL&FS board – The Hindu BusinessLine
In a bid to protect the new board overseeing the turnaround plan for IL&FS, the Ministry of Corporate Affairs has sought relief from the National
RBI keeps rates unchanged, shifts stance to ‘calibrated tightening’ – The Hindu BusinessLine
In a surprise decision, the Reserve Bank of India’s rate setting Monetary Policy Committee (MPC) voted to keep the benchmark policy rate on hold on
RBI seen raising rates again as rupee slide accelerates – The Hindu BusinessLine
The Reserve Bank of India (RBI) is expected to raise rates for a third time since June on Friday to combat inflationary pressures as it
No lifeline – The Hindu BusinessLine
The MPC’s decision is pragmatic, but the RBI’s sanguinity on external risks is worrying Roiled by a perfect storm of events lately — firming oil,
Surgical strike – The Hindu BusinessLine
The new IL&FS board must focus on containing systemic risks, and not on a rescue package Desperate times call for desperate measures. Therefore, the Centre’s
Flexible inflation mandate vindicated – The Hindu BusinessLine
The Monetary Policy Committee of the RBI needs to be congratulated for taking a timely and appropriate decision to keep rates unchanged, something that surprised
In choppy waters – The Hindu BusinessLine
The monetary policy panel needs to address growing economic turbulence India’s monetary policymakers are faced with the task of restoring confidence in the economy and
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