The RBI sop was abused by banks and industry giving rise to NPAs, according to former RBI governor Y V Reddy. The government pushed regulatory forebearance post
Month: February 2019
Special MSME package can help 7 cr accounts, Rs 1 L cr loans: Fin secy – The Economic Times
He said 7 lakh MSME units need restructuring. The Reserve Banks restructuring package for small businesses announced last month will help recast Rs 1 lakh
Finance Ministry seeks transfer of Rs 27,380 crore from RBI retained towards risks, reserves – The Financial Express
The finance ministry has sought from the Reserve Bank of India (RBI) Rs 27,380 crore that was withheld by the central bank towards risks and
IMF warns of global economic ‘storm’ as growth undershoots – The Financial Express
Lagarde said trade tensions — mainly in the shape of a tariff spat between the United States and China, the world’s two biggest economies —
RBI MSME package to help recast Rs 1-trn loans for 700k accounts: Govt | Business Standard News
The Reserve Bank’s restructuring package for small businesses announced last month will help recast Rs 1 trillion of loans for 700,000 eligible micro, small and
NPA overhang may go in first half of next year: SBI – The Hindu BusinessLine
The State Bank of India expects the NPA overhang in the banking sector to “dissipate in the first half of 2019-20,” said the bank’s Managing
Apex court declines to use powers to reverse liquidation orders – The Hindu BusinessLine
NCLT cannot evaluate CoC’s commercial decision The Supreme Court has declined to use its powers relegated under Article 142 to revoke the liquidation order pronounced
Govt explores pre-packaged bankruptcy plan to fast track insolvency process | Business Standard News
The feasibility of implementing a ‘pre-packaged’ bankruptcy scheme, prevalent in the US, is under consideration, it is learnt. The move is meant to strengthen the
Bankruptcy code: NCLT can’t evaluate CoC decision on resolution plan, says SC – The Financial Express
The appellate tribunal had also reversed the decision of the NCLT, Hyderabad, which had approved its resolution plan related to Hyderabad-based Kamineni Steel & Power
Bhushan Power lenders likely to reject Sanjay Singal’s last-minute offer – The Financial Express
Lenders to Bhushan Power and Steel (BPSL) are likely to reject the last-minute offer made by the debt-ridden firm’s erstwhile owner Sanjay Singal of repaying
In the digital era, judging is under stress, says Supreme Court judge A.K.Sikri–The Print
Judging is “under stress” in the digital era, a Supreme Court judge said Sunday, lamenting that even before a case is taken up by the
विचार करायला लावणारी बातमी –इकॉनॉमिक टाइम्स मध्ये आलेली — अनिल तिकोटेकर
आयकराबाबत काही माहिती Economic times मध्ये प्रसिद्ध झाली आहे. त्यातील ठळक माहिती खालील प्रमाणे एकूण करदाते ६.३ कोटी इतके आहेत. नवीन कर सवलतीमुळे त्यातील जवळ जवळ ३
How many people pay income tax in India? Here’s a glimpse – The Economic Times
According to the Economic Survey, there are only 7 income tax payers for every 100 voters in India. Have you wondered how many people pay income
Public Sector Banks to be ranked on basis of performance – The Economic Times
The government expects the financial performance of banks to improve as their bad loans come down. The government will start surveying public sector banks annually to rank
How RBI’s Feb 12 circular changed the way banks dealt with stressed assets – The Economic Times
The year 2018 was unusual in the central bank’s 85-year history. It saw government versus central bank bouts. Come Tuesday, the Reserve Bank of India’s
दावा एक; वास्तव दुसरे! | अग्रलेख -महाराष्ट्र टाइम्स
दावा एक; वास्तव दुसरे! राज्यातील तृतीय आणि चतुर्थ श्रेणीच्या केवळ चार हजार ४१० पदांसाठी तब्बल सात लाख ८८ हजार इच्छुकांनी अर्ज करण्याची घटना रोजगार निर्मितीच्या
For lower EMIs, RBI needs to ensure banks follow its regulation–Times of India
Reserve Bank of India’s monetary policy committee on Thursday lowered its interest rate by 0.25%, triggering hope that it may lead to a reduction in
Across the Aisle: An account for votes! | Mr. P Chidambaram–The Indian Express
A confident government would have let the Interim Budget be the non-event that it should be, but confidence is one quality that is in short
There is no clear picture on unemployment in India |Mr. Karan Thapar– Hindustan Times
I’m not surprised the jobs and unemployment situation has hit the headlines two months before the elections. After all, if it’s as serious as the
Surveying India’s unemployment numbers – The Hindu
Monthly measurement of the unemployment rate is one of the requirements of the Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF). The SDDS
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