What the whole sorry IL&FS saga tells us is that we can’t trust the experts. There are exceptions of course, but many use their expertise
Day: October 8, 2018
Government prepared to increase dollar reserves if needed: Subhash Chandra Garg – The Economic Times–R
We have already had one round of measures on the rupee. Do you think a second round of measures is required where we raise dollar
bond market: How bankruptcy code is helping deepen corporate bond market – The Economic Times
A recent study has noted that India’s corporate bond market, which contributes 17 per cent to the country’s Gross Domestic Product(GDP) and is highly concentrated in the
GST policy on e-commerce may make life difficult for cab startups: Experts – The Economic Times
A Bengaluru-based startup has filed an appeal questioning a July 27 ruling by GST authorities in Karnataka which said app-based cab aggregators must pay GST on trip
Motor insurance claim: Important watchouts while filling motor insurance claim form – The Economic Times
A quick and inexpensive settlement is ideal for the insurance company, so be wary of accepting the initial offer. Meeting with an accident involves a
CAD Worries: Not By More Import Curbs
Finance minister Arun Jaitley did the right thing by reassuring the investor community that the government is mindful of the current account deficit (CAD) and
Bankruptcy Code will deepen Indian corporate bond market: Assocham – The Financial Express
Gross NPAs in the Indian banking system have accumulated to a staggering Rs 10 lakh crore. (Assocham website) The successful resolution of issues of banks’
NCLT dismisses insolvency petition against Duncans Industries – The Financial Express
Vide the notification dated January 28, 2016 under Section 16E of the Tea Act, the central government had authorised the Tea Board to take over
[ Monetary Policy ] Another surprise | Business Standard Editorials
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) seems to be making a habit of throwing up surprises. In the past two bi-monthly reviews, the
[ Fiscal Deficit ] Living on hope | Business Standard Editorials
India appears to be entering another period of demand-driven overheating. Both the current account deficit and the fiscal deficit appear to be slipping, driven by government expenditure
The exchange rate is the shock absorber | Business Standard Column
Foreign capital inflows finance the gap between investment and savings. The exchange rate is the price that adjusts to ensure that the capital inflow is exactly as large
The new (dis)order of our financial system | Business Standard Column
Many analysts are defining the near-collapse of Infrastructure Leasing & Financial Services Ltd (IL&FS) as the Lehman moment for India. We need to wait as
[ Export Promotion ] Opaque policies breed lobbying, corruption | Business Standard Column
In a surprising move, the government has doubled the rewards for dairy products under the Merchandise Exports from India Scheme (MEIS). The rates for items such as cheese, skimmed
Plan disclosure under RERA to cheque bounce case, here are key court orders | Business Standard Column
Plan disclosure must under RERA, RTI The details of a development plan must be disclosed if a person demands it from an information officer of
I doubt rating agencies’ ability to spot misconduct by IL&FS: A K Pradhan | Business Standard News
Ashok Kumar Pradhan, Managing Director & Chief Executive Officer of United Bank of India Kolkata-based United Bank of India is under the Reserve Bank’s Prompt Corrective Action
IBC: SC lays down guidelines in an attempt to speed up resolution process | Business Standard Column
The Supreme Court has set out how the corporate insolvency resolution process would work from inception while hearing the Essar Steel case, primarily with the
IL&FS effect: NBFCs may sell receivables for quick liquidity – The Hindu BusinessLine
Faced with the risk that their short-term liabilities may not be rolled over, non-banking finance companies may step up securitisation of their receivables to pull
Ayushman: With ceiling price not clear, insurers still unsure of claims burden – The Hindu BusinessLine
The uncertainty around the national ceiling price, which is yet to be disclosed by the Centre, can make it difficult for insurance companies to price
Dual control by Centre, RBI a problem in banking industry: YV Reddy – The Hindu BusinessLine
Former Reserve Bank of India Governor YV Reddy Saturday said dual control by the Centre and the RBI is a problem in the banking industry.
On a slippery slope – The Hindu BusinessLine
Fuel price control move exposes govt’s infidelity to deregulation Finance Minister Arun Jaitley’s announcement of measures late last week to lower the retail price of
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