Debt-laden IL&FS group firms are selling high-end cars, office furniture, electrical appliances and other assets in a bid to raise funds. The Infrastructure Leasing &
Day: December 16, 2018
Stressed PSU General Insurers may face PCA-like restrictions – The Economic Times
The Insurance Regulatory and Development Authority of India (IRDAI) has prescribed that all insurance companies maintain a surplus of 1.5 times the liabilities at all
Economists call for enhancing tax base – The Economic Times
The economists said states should be encouraged to undertake fiscal consolidation as they were lagging and called for a need to reprioritise expenditure. A group
Merger of BoB, Dena bank and Vijaya bank unwarranted: AIBEA – The Economic Times
The All India Bank Employees Association (AIBEA) which has called for a nation-wide strike on December 26 opposing the merger of Bank of BarodaNSE -0.40 %, Dena
Privatisation of PSBs not panacea; need to cut govt mandates for PSBs: Raghuram Rajan – The Economic Times
He further said public sector banks still not adequately professionalised and there is a need to substantially improve risk management. Pointing out that privatisation of public
Srikrishna panel report on Kochhar only next year – The Hindu BusinessLine
The independent enquiry panel under retired judge of the Supreme Court BN Srikrishna that is probing allegations of corporate misconduct and quid pro quo in a loan
Public credit registry better for SMEs and banks: Viral Acharya – The Hindu BusinessLine
The RBI prefers fundamental changes to smoothen loan flow to micro-businesses through a public credit registry, rather than doling out forbearances, deputy governor Viral Acharya
Wilful defaulters: Bombay HC stays CIC fiat to RBI on list – The Hindu BusinessLine
The Bombay High Court, on Friday, granted interim stay on orders passed by the Central Information Commission (CIC) directing the Reserve Bank of India to
Justice Sen Must Go, or Be Impeached–Economic Times
On Thursday, Justice S R Sen, the lone judge in the high court of Meghalaya, made history — albeit of a dubious kind. Pronouncing on
IIP Growth: More Than a Silver Lining–Economic Times
Quick estimates of industrial production suggest a welcome surge in output and consumption for October, which shows the potential for policy action to prevent the
RBI-A challenge for governor Das–Economic Times
Kotak Mahindra Bank has taken the banking regulator to court. The issue must be sorted out amicably, and presents the new RBI governor with a
NPA: For NCLT, it is a race against time for resolution of NPAs–Economic Times
Justice delayed is justice denied, they say. And time value seems even bigger where big money — an estimated Rs 3.5 lakh crore —is involved.
Bhushan Steel: IBC an imbalanced economic provision: Sanjay Singal–Economic Times
Bhushan Power and Steel promoter Sanjay Singal has likened the Insolvency and Bankruptcy Code (IBC) to an enabler of takeovers or liquidation instead of the intended objective — resolution of bad loans — to
RBI: Urjit Patel’s unfinished job – The Economic Times
By Arvind Panagariya It was with great sadness that I woke up to the news of resignation by RBI governor Urjit Patel this Monday morning. Urjit has been a friend
Capital formation continues to remain sluggish, but there are indications that its productivity is rising – The Financial Express
An analysis on investments by Credit Suisse—based on CSO data—shows that, as a ratio of GDP, gross fixed capital formation (GFCF) may have bottomed out,
Bureaucracy: What’s the price to be paid for being honest? – The Financial Express
By Anil Swarup Karl Marx had wished the state to wither away. It hasn’t. Even in the countries where Marxism was purported to have been
Don’t go by markets, RBI autonomy is critical – The Financial Express
ernment Governor than Urjit Patel was of late, what is interesting is that the government has still not withdrawn its consultation under Section 7 of
Great cheer, won’t last: October’s IIP was a one-off and growth is already slowing – The Financial Express
The spend of Rs 1.77 lakh crore between April and October—mostly on defence services, railways and roads—compares favourably with the Rs 1.62 lakh crore in
RBI vs Govt of India: RBI autonomy, like FRBM, disciplines the government – The Financial Express
Critics, which include analysts, economists, journalists, who have no skin in the game, have often used the ‘people’s’ argument to nudge RBI to be more flexible in
Agrarian distress: Income support to farmers better option than loan waivers – The Financial Express
When the new MSP regime was implemented in July, one of the common fears in the market was that the hikes would stoke inflation fears.
aniltikotekar4sme.com 