Going by the substantial rollovers and new issuances of commercial paper (CP) by NBFCs, in November so far, there seems to be no crisis. The
Day: November 28, 2018
RBI: Signal to govt? Urjit Patel says RBI needs its current reserves – Times of India
The current level of currency reserves held by RBI is necessary in view of international volatility and to maintain high creditworthiness, governor Urjit Patel told a parliamentary committee on
The Reserve Bank versus government saga: In search of core solutions – The Economic Times
By Ananth Narayan The last few months have been busy for our financial ecosystem, for the wrong reasons. RBI folks have been busy penning and
Urjit Patel steers clear of questions on govt invoking section 7; here’s what you need to know – The Financial Express
RBI governor Urjit Patel on Tuesday steered clear of questions on whether the Narendra Modi government invoked special powers under the never-used Section 7 of
Bankrupt plan: New bankruptcy resolution plan is full of holes, a bad idea – The Financial Express
With a good number of cases having been heard and successfully concluded, the time taken to resolve the next lot of cases should be much
MPC must prepare for cutting interest rates; risks to core inflation have abated – The Financial Express
External and domestic factors have completely overturned India’s inflation scenario since the October review of monetary policy. International oil prices have nosedived, and quite unpredictably
Pre-packaged bankruptcy scheme to speed up insolvency resolutions pre-IBC – The Financial Express
The resolution plan so reached can then be placed before the NCLT for approval, so that it can be implemented. The government is exploring the
Decoded: Brexit effects on the global economy – The Financial Express
Tax and regulatory arbitrage are likely to become increasingly common as well. The singular issue of Brexit has consumed the United Kingdom for two and
NPA malaise: Why pursuing a bank merger may not be advisable – The Financial Express
By, Barendra Kumar Bhoi India’s banking system is passing through a critical time due to the overhang of large non-performing assets (NPA). Efforts are being
Essar Steel insolvency case lands in legal ambiguity; NCLT to hear Essar Steel insolvency case | Business Standard News
Hurdles in the Essar Steel (ESIL) insolvency case before the National Company Law Tribunal’s (NCLT’s) bench at Ahmedabad continue to pile up. A hearing is
Money matters | Business Standard Column
Over the last two months, I have been forced to think about monetary policy, first at a meeting of the Mont Pelerin Society (MPS, the
Fall in oil prices may cause new worries | Business Standard Column
The last three weeks have seen the collapse of oil. Prices have fallen to 2018 lows and more falls may be on the cards. This
Hopes arise on trade thawing | Business Standard Column
India and Pakistan have agreed to construct a new border entry point and road, for Sikh pilgrims to visit Gurdwara Darbar Sahib there, at Kartarpur. The decision coincides with the 550th anniversary
RBI vs MoF: Pot, kettle & citizens | Business Standard Column
In late October-early November, the Ministry of Finance (MoF) got into a very public spat with the Reserve Bank of India (RBI). Most of us got sucked
RBI: Autonomy and accountability | Business Standard Column
The government has opened up the issue of the relationship between the finance ministry and the RBI. The public criticism by each protagonist about the
Bank defaulters: It is time to shed reservations about naming and shaming | Business Standard Column
The war against bank defaulters in the world’s sixth largest economy has intensified with the Indian government authorising the CEOs of public sector banks to
A nation without well-functioning institutions is bound to fail | Business Standard Column
I deem it to be my privilege to address this august audience being concerned with peace, harmony and happiness of the humankind. I appreciate the
Crude oil prices have overshot to the downside: Paul Hickin of Platts | Business Standard News
Brent crude may have crashed through the $60/barrel mark Friday as the market’s bearish mood continued to gather momentum but one has to remember that
From arbitration agreement to cheque bounce case, here are key court orders | Business Standard Column
Evidence of arbitration agreement “An arbitral clause need not necessarily be found in a contract or an arbitral agreement. It can be included in the
GST anti-profiteering provisions: Not so profitable anymore | Business Standard Column
The concept of goods and services tax (GST) has been modelled along the lines of the value added tax (VAT) system adopted globally. Taking a
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