By Craig Torres The Federal Reserve said it will be “patient” on any future interest-rate moves and signaled flexibility on the path for reducing its
Month: January 2019
NCLT Delhi initiates insolvency process against Emaar MGF Land – The Economic Times
NCLT Delhi on January 24 has initiated an corporate insolvency resolution process against Emaar MGF Land. The court has appointed Manoj Kumar Anand as the Insolvency Resolution Professional for
Budget 2019: For MSMEs, it would be prudent to have tax on profit rather than turnover–Economic Times
By Rama Krishna Kuppa The total number of MSMEs both registered and unregistered together is estimated at about 42.50 million in India. They constitute around 40 percent
Damned lies, a joke or statistics?–Economic Times
There are lies, damned lies and statistics. In India, that may no longer be just a joke. Two more members of the National Statistical Commission
Don’t hide job data: National Statistical Commission’s hollowing out is bad news for economic policy making–Times of India
India’s statistical system was once a source of pride but now it’s becoming a proxy for institutional decay. The latest problem is the hollowing out
Statistical Commission chief quitting casts shadow on Modi’s jobs claims – The Financial Express
India’s official data such as that on the IIP or GDP has often been dogged with controversy, the most recent of which was the rebasing
Where has all the jobs data gone? | Business Standard Column
On January 28, 2019, the only two non-governmental members of the National Statistical Commission (NSC) tendered their resignations. According to news reports, among the reasons for their
Risks to the global economy in 2019 | Business Standard Column
As Mark Twain never said, “It ain’t what you don’t know that gets you into trouble. It’s what you think you know for sure that
Budget should check fiscal slippage – The Hindu BusinessLine
The Interim Budget 2019-20 will be presented amid what is being seen as favourable domestic macroeconomic conditions of economic growth (projected by the RBI at
Brexit’s border blues – The Hindu BusinessLine
Stumbling over a ‘hard’ border Britain’s struggle to manage its exit from the EU continues to grip the headlines. There are divisions within the major
Shot in the arm: on SC upholding Insolvency and Bankruptcy Code – The Hindu
Last week’s Supreme Court judgment upholding the validity of the Insolvency and Bankruptcy Code 2016 (IBC) in its “entirety” could have a major impact on the country’s
NCLT rejects Essar Steel promoter Ruias’ settlement bid – The Economic Times
The National Company Law Tribunal (NCLT) Tuesday rejected the debt settlement proposal put forth by the shareholders of Essar Steel saying the offer violates Section 12A of
Government sets March deadline to resolve 9 top insolvency cases – The Economic Times
The government has set a March deadline for lenders and resolution professionals (RPs) to resolve nine of the dozen high-value insolvency cases, with Essar SteelNSE 0.00 % and Jaypee InfratechNSE
Timely NCLT resolutions can release Rs 67,000 crore to lenders: Report – The Economic Times
While the number of insolvency cases are expected to pile up over the next few quarters, timely conclusion of cases within the law mandated 180-270
Banks need reform, not exhortations–Economic Times
The right incentives and the right institutional framework, complete with rigorous governance norms, are what bankers need to lend to deserving borrowers without reservation, not
SBI alleges Aadhaar data misuse, UIDAI rubbishes charge – The Economic Times
Officials of State Bank of IndiaNSE -0.36 % (SBI) have alleged that data of the Unique Identification Authority of India (UIDAI) has been misused. Logins and biometrics of their Aadhaar operators
Follow prudential norms for credit without being excessively conservative: Shaktikanta Das to banks – The Financial Express
Das emphasised the need for further strengthening various aspects of banking, including underwriting standards, capacity building, use of technology and governance. Reserve Bank of India
PCA Framework: FinMin bats for ‘ROA’ parameter tweak – The Hindu BusinessLine
Any moderation could help some PSBs come out of PCA net The Finance Ministry has made a case with the Reserve Bank of India (RBI)
निषेधार्ह हस्तक्षेप | CBI–Maharashtra Times
निषेधार्ह हस्तक्षेप व्हिडिओकॉन उद्योगसमूहाच्या कर्जप्रकरणात केंद्रीय अन्वेषण विभागाने (सीबीआय) आयसीआयसीआय बँकेच्या माजी मुख्याधिकारी (सीईओ) चंदा कोचर यांच्यावर गुन्हा दाखल झाल्यानंतर तातडीने केंद्रीय अर्थमंत्री अरुण जेटली
How Indian banks fare on capital adequacy ratio against global peers | Business Standard News
The Reserve Bank of India (RBI) feels easing capital norms for banks in haste could be harmful for the economy. A comparison of the capital adequacy ratios
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