Clipped from: https://www.thehindubusinessline.com/opinion/rbi-must-not-delegate/article34491794.ece Why ask IBA to compute loan relief amount? On March 27, 2020, the Reserve Bank of India notified the Covid-19 package to provide
Day: May 6, 2021
Aluminium — the metal for an ‘Atmanirbhar Bharat’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/aluminium-the-metal-for-an-atmanirbhar-bharat/article34491805.ece The govt must rectify the pricing anomalies of bauxite to boost local production The primary source for aluminium is bauxite ore, which is
Are States’ GST collections on track? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/are-states-gst-collections-on-track/article34491863.ece The GST mop-up in the past three years has been less than impressive and major States are staring at huge shortfalls GST collection
Easing the pain – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/easing-the-pain/article34491755.ece RBI has shown itself to be both proactive and prudent in its response to the second wave With the Centre hobbled by fiscal
With the RBI deciding to give G-SAP a further ‘push’, G-Sec prices rally – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/with-the-rbi-deciding-to-give-g-sap-a-further-push-g-sec-prices-rally/article34492243.ece Second auction of G-Secs for ₹35,000 cr under G-SAP 1.0 to be held on May 20 The Government Securities (G-Secs) prices rose on
Services PMI eased to 3-month low in April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/services-pmi-eased-to-3-months-low-in-april/article34489098.ece Services has maximum share in India’s GDP with over 57 per cent contribution. India’s services sector showed some stress in April as Purchasing
RBI allows lenders to revamp MSME accounts under Covid-19 related stress – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/rbi-allows-lenders-to-revamp-msme-accounts-under-covid-19-related-stress/article34495597.ece The Reserve Bank of India (RBI) has allowed lenders to extend the facility for restructuring existing loans of micro, small and medium enterprises
Resolution of Covid stress of Individuals and Small Biz: RBI asks lenders to frame policies within a month – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/resolution-of-covid-stress-of-individuals-and-small-biz-rbi-asks-lenders-to-frame-policies-within-a-month/article34495622.ece Individuals who have availed of loans and advances for business purposes; and small businesses, other than those classified as micro, small and medium
AA framework offers UPI-style revolution in MSME financing – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/aa-framework-offers-upi-style-revolution-in-msme-financing/articleshow/82423717.cmsSynopsis Four private banks set to go live by July on account aggregator framework Private sector lenders IndusInd Bank, HDFC Bank, ICICI Bank and
RBI’s latest moves should help buffer small businesses against impact of second Covid wave, but much rests on banks – The Financial Express
lipped from: https://www.financialexpress.com/opinion/rbis-latest-moves-should-help-buffer-small-businesses-against-impact-of-second-covid-wave-but-much-rests-on-banks/2246650/ Bankers must be relieved the Governor hasn’t asked them to offer borrowers a moratorium on the repayment of interest and principal. To try
Atmanirbhar Bharat & the informal sector – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/atmanirbhar-bharat-the-informal-sector/2246639/ Reconciling the hand-to-mouth existence of units in the informal sector with their stipulated globally competitive role in the Atmanirbhar Bharat is a Herculean
Need cash support, more rural jobs to tackle Covid impact: Azim Premji University – The Financial Express
Clipped from: https://www.financialexpress.com/economy/need-cash-support-more-rural-jobs-to-tackle-covid-impact-azim-premji-university/2246774/ Azim Premji University has proposed the government to undertake additional spending to support extension of free rations beyond June till the end of
Markets may be ignoring banks’ NPA risk from second coronavirus wave | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/markets-may-be-ignoring-the-npa-risk-of-new-covid-and-sfb-loans-121050501219_1.html New measures allow banks to defer full recognition of NPAs, encourage lending to areas having high probability of defaults The RBI’s new measures
Foreigners won’t need PAN for investment in GIFT alternate investment funds | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/government-eases-gift-entry-for-foreign-investors-in-category-iii-aifs-121050500483_1.html PAN requirement will no longer apply to such investors The government has eased personal account number (PAN) requirements for foreign investors in the
Banks using unseen digital cash could bring down fees on foreign transfers | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-using-unseen-digital-cash-could-bring-down-fees-on-foreign-transfers-121050501360_1.html Blockchain technology used between banks to settle claims could significantly lower the cut taken from customers The digital assets would go on to
Parekh brings Infosys back to a position where it is bagging large deals | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/parekh-brings-infosys-back-to-a-position-where-it-is-bagging-large-deals-121050501345_1.html Analysts across the segment agree that Parekh’s presence and focus on recharging the company has worked Salil Parekh, CEO of Infosys It has
RBI’s relief: Hit by second Covid wave, MSMEs call for more support | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-s-relief-hit-by-second-covid-wave-msmes-call-for-more-support-121050501527_1.html According to them, measures such as revisiting classification of bad loans and clearing pending dues from government agencies are also required RBI governor
Trade bodies disappointed with RBI measures to fight Covid-19 impact–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/trade-bodies-disappointed-with-rbi-measures-to-fight-covid-19-impact/story/438327.html The Consortium of Indian Associations (CIA), a group of over 30 trade bodies and regional small and medium scale industry associations expressed disappointment
Bad debt! Banks, NBFCs sell LAP loans to asset reconstruction companies–business today
Clipped from: https://www.businesstoday.in/sectors/banks/bad-debt-banks-nbfcs-sell-lap-loans-to-asset-reconstruction-companies/story/438240.html The estimated LAP portfolio of banks and NBFCs is over Rs 6 lakh crore. Bankers suggest the gross NPAs in the LAP portfolio
15-year norm too liberal | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/second-edit/15-year-norm-too-liberal-982434.html RBI has decreed that the post of MD and CEO of a private bank cannot be held by the same individual for more
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