Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-increases-exposure-threshold-for-resolution-framework-20/article34723859.ece?homepage=true Move to help MSMEs, small businesses, personal loan borrowers tide over the pandemic To expand the coverage of the Resolution Framework 2.0, the
Month: June 2021
Three questions that answer what’s next for the economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/three-questions-that-answer-whats-next-for-the-economy/article34726504.ece?homepage=true An insight into the cost of lockdowns, how long drag to growth continue, and what next after the second wave. To use a
Major global, local players ‘keen on ₹12,195-cr telecom PLI scheme’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/major-global-local-players-keen-on-12195-cr-telecom-pli-scheme/article34730115.ece?homepage=true The scheme is open to both MSMEs and non-MSME companies After the Production-Linked Incentive scheme for large-scale electronics manufacturing (mobile phones) last year,
RBI opens ₹31,000-cr tap for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-opens-liquidity-tap-for-banks-to-lend-to-contact-intensive-sectors/article34723941.ece?homepage=true Aid mainly for contact-intensive sectors; leaves repo rate unchanged; trims FY22 GDP growth forecast to 9.5% Even as it left the policy repo
Exclusive | Don’t Indian firms working in the US follow their laws?: RS Prasad – The Economic Times
lipped from: https://economictimes.indiatimes.com/tech/technology/dont-indian-firms-working-in-the-us-follow-their-laws-rs-prasad/articleshow/83222626.cms SynopsisIndia’s social media intermediary guidelines are meant to provide a grievance redressal mechanism to ordinary users, Union Minister of Electronics and IT Ravi
Slow and steady the way to Go, RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/slow-and-steady-the-way-to-go-rbi/articleshow/83214440.cmsSynopsis IL&FS, Dewan Housing Finance, HDIL — NBFCs have put up scandalous performance, creating a climate that legitimises drastic action, even makes its absence
P Chidambaram’s 5-point guide for Modi govt on how to fix Covid-battered economy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/p-chidambarams-5-point-guide-for-modi-govt-on-how-to-fix-covid-battered-economy/articleshow/83215411.cmsSynopsis he unemployment rate that was 5.48% in June 2018 has once again spiked to 11.86%. The Labour Force Participation Rate has fallen from
Micro lenders face rating downgrade risk amid second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/micro-lenders-face-rating-downgrade-risk-amid-second-wave/articleshow/83214875.cmsSynopsis Any such possible downgrades will likely raise MFIs’ funding costs compounding the problem of asset-liability mismatch at a time when collection efficiencies have
IBC review likely to keep promoters out – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/ibc-review-likely-to-keep-promoters-out/articleshow/83223260.cmsSynopsis The government will examine the Insolvency and Bankruptcy Code (IBC) to stop defaulting promoters from wresting back control of companies by exploiting apparent
More lenders opting for settlement offers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/more-lenders-opting-for-settlement-offers/articleshow/83223054.cmsSynopsis Lenders to debt-laden companies are increasingly opting for negotiated settlements with the defaulting borrowers as the absence of time-bound resolutions, significant haircuts on
The puzzle of the surge in currency-in-circulation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-puzzle-of-the-surge-in-currency-in-circulation/2264691/ We are perhaps looking at a scenario where high unemployment and high inflation coexist, like in the 1970s There may also be cases
National floor wages: Govt sets up another panel, gives it 3 years – The Financial Express
lipped from: https://www.financialexpress.com/industry/national-floor-wages-govt-sets-up-another-panel-gives-it-3-years/2264592/ The wage code also empowers the central government to fix national floor level minimum wages (NFLMW), below which no state can set their
Rural India driving Internet user base, says report; cheaper data plans and devices fuelling growth – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/rural-india-driving-internet-user-base-report-cheaper-data-plans-and-devices-fuelling-growth/2264706/ Vernacular, voice and video are projected to emerge as major game-changers for the digital ecosystem over the next few years. This, analysts say,
Simplify the Tax: Put more cash in taxpayers’ hands – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/simplify-the-tax-put-more-cash-in-taxpayers-hands/2264740/ The government should increase the Section 80G deduction limit from 10% to 30% for this year The government should consider doubling the limits
Structural weakness | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/structural-weakness-121060301490_1.html India needs to overhaul the tax system Tax collection recovered swiftly towards the end of the last fiscal year with a pickup in economic
The farm factor | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-farm-factor-121060301520_1.html Agri sector did quite well in a pandemic year While growth in most sectors of the economy seems set to succumb under pressure
Extended lifeline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/extended-lifeline/article34719958.ece ECLGS is a useful lifeline to stressed borrowers, but its expanding scope calls for checks and balances As the Centre weighs the need
What is the Model Tenancy Act all about? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/multimedia/video/what-is-the-model-tenancy-act-all-about/article34719400.ece?homepage=true The Union Cabinet, on Wednesday, approved the Model Tenancy Act. The Housing and Urban Affairs Ministry has said that “MTA envisages to balance
Excise duty mop-up up by 62% in FY21, highest during Modi regime – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/excise-duty-mop-up-up-by-62-in-fy21-highest-during-modi-regime/article34719631.ece Petrol, diesel shore up govt’s revenues to ₹3.89-lakh crore The Centre has collected over ₹3.89-lakh crore through central excise duty during FY21; this
ICAI issues exposure draft of self-evaluation matrix for audit firms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/icai-issues-exposure-draft-of-self-evaluation-matrix-for-audit-firms/article34716686.ece Centre for Audit Quality expected to issue the final version on July 1 The CA Institute has now set the ball rolling on
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