India’s longest serving bank chief Aditya Puri on Monday said that it was just a matter of time before the RBI and the government give
Month: March 2020
coronavirus lockdown violation: Venturing out during a lockdown? You may be booked under these clauses – The Economic Times
Strict adherence to government order has become the need of the hour. As the nationwide count crossed 430, various state governments have ordered a complete
Coronavirus outbreak: Bimal Jalan pitches for fiscal stimulus – The Economic Times
NEW DELHI: Former RBI governor Bimal Jalan has pitched for fiscal stimulus to mitigate the impact of coronavirus outbreak which, he said, could lower India’s
On lending by banks to NBFCs, HFCs to be part of priority sector in FY21: RBI – The Economic Times
Mumbai, Mar 23 (PTI) The Reserve Bank on Monday said bank credit to registered NBFCs towards agriculture, MSEs and housing sector up to prescribed limits
US stocks: Fed unveils unlimited QE and aid for businesses, states – The Economic Times
By Christopher Condon, Craig Torres, Matthew Boesler and Michael McKee The Federal Reserve on Monday announced a massive second wave of initiatives to support a
7.3 million jobs at stake, restaurant body writes to Finance Minister for financial bailout package – The Economic Times
Last week, the NRAI had issued an advisory to all its members to shut down their dine-in operations till 31st March, 2020. Citing the possibility
Time for RBI to buy corporate bonds–Economic Times
The Reserve Bank of India (RBI) has been vigorously conducting open market operations (OMO) and purchasing government bonds in the secondary market, to shore up
Coronavirus outbreak: Sebi eases compliance requirements for brokers, mutual funds – The Financial Express
In a bid to reduce compliance burden on market participants, Sebi on Monday provided various relaxations to stock brokers and mutual fund houses, including extension
MSMEs may not survive if cash flow problem occurs amid lockdown, FICCI tells govt; suggests steps – The Financial Express
Credit and Finance for MSMEs: As MSMEs stare at a bigger cash flow problem ahead if the current lockdown continues by the government, there is
Loans to MSMEs, India lockdown to make Axis Bank’s bad loans worse | Business Standard News
Even when Axis Bank posted a few quarters of losses in the past years, its stock price didn’t come crashing as it did on Monday.
Covid-19 impact: MSMEs require support to survive, says industry expert | Business Standard News
Over 22% of the over 75 Million MSME’s units in India will be shut if the lockdown in cities extends beyond 4 weeks and a
Covid-19: MFs fear huge redemptions, write to RBI for liquidity support | Business Standard News
According to industry participants, the RBI has been asked to extend the liquidity support as was done during the crisis in 2008 and 2013. The
Wall Street plunges as Federal Reserve fails to allay coronavirus worries | Business Standard News
Wall Street slipped on Monday as the still rapidly spreading coronavirus forced more US states into lockdown, eclipsing optimism from an unprecedented round of policy
Govt is shutting down India for coronavirus, will have to rebuild economy | Business Standard Column
The effort to contain the coronavirus is big. The Janata Curfew announced by the Prime Minister brought the entire country to a standstill for 14
From arbitration appeals to coal e-auction, here’re the top court orders | Business Standard News
The question of choosing the court where an appeal against an arbitration award is to be filed came up again in the Supreme Court. A
Why is corona package taking so long to clear? – The Financial Express
The central bank continuing to supply large amounts of liquidity to prevent credit markets from freezing and advancing its bond-purchase plan is a welcome move;
India as a driving force in new trade order – The Hindu BusinessLine
It can be a vanguard among Asian economies, having historically pursued free trade. Present protectionist thinking is unreal In the first part of this article
MSMEs in Pune auto hub demand government’s intervention to tackle financial crisis – The Hindu BusinessLine
Say Covid-19 is ‘last straw’ amid plunging sales About 12,000 MSMEs in Maharashtra’s auto hub have demanded the government’s intervention to tackle the financial crisis
Banks to provide relief to borrowers whose operations are impacted by Covid-19 outbreak – The Hindu BusinessLine
The bank will give 10 per cent of a borrower’s existing Fund Based Working Capital Limits as loan Banks are likely to follow State Bank
The perils of an all-out lockdown – The Hindu
If the poor must stay at home, they need income support and essential services As the novel coronavirus spreads, a double crisis looms over India:
aniltikotekar4sme.com 