Clipped from: https://www.financialexpress.com/opinion/rbis-action-against-mastercard-is-justified/2291339/ Data localisation key to payment-ecosystem’s security, service-providers must weigh costs against the large market India offers On Wednesday, RBI barred Mastercard from adding any new
Month: July 2021
Informally, yours: The prospects of the unorganised sector – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-prospects-of-the-unorganised-sector/2291332/ Non-farm informal sector wages have borne the brunt of ‘forced formalisation’; generous social welfare schemes and helping small firms key to sustaining growth
Reliance goes shopping again, discovers Just Dial, acquires controlling stake in $700-million deal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/reliance-goes-shopping-again-discovers-just-dial-buys-it-for-rs-3497-crore/articleshow/84476506.cmsSynopsis Just Dial will also be making a preferential allotment to Reliance Retail at Rs 1022.25 share to infuse Rs 2164.88 crore into the
CBI books Fedderes Electric and Engineering Limited, its promoters in bank fraud case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/cbi-books-fedderes-electric-and-engineering-limited-its-promoters-in-bank-fraud-case/articleshow/84477906.cmsSynopsis The agency has alleged that the company produced fabricated account books, misrepresented figures to borrow funds and siphoned off various loan proceeds. The
Time to be brave, stretch fiscal deficit targets if need be to aid growth: KV Kamath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/time-to-be-brave-stretch-fiscal-deficit-targets-if-need-be-to-aid-growth-kamath/articleshow/84473244.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis Kamath, who had a long stint with ICICI Bank, said he does not feel that the fiscal slippage will be very wide because
SEBI nixes margin requirement for sellers in the cash segment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-nixes-margin-requirement-for-sellers-in-the-cash-segment/article35370937.ece Brokers just need to tell depositories to block the shares intended to be sold SEBI has eased margin related processes for those selling
Yashpal Sharma’s participation in, and contribution to, the 1983 World Cup win carried an uncommon message
Clipped from: https://indianexpress.com/article/opinion/editorials/yashpal-sharma-1983-world-cup-india-cricket-7405082/ Yashpal Sharma’s participation in, and contribution to, the 1983 World Cup win carried an uncommon message He had revived India from the pits
A stimulus package must stimulate the economy, not paralyse it | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/himanta-biswa-sarma-on-modi-govt-economic-relief-package-nirmala-sitharaman-coronavirus-7406778/ Critics must realise that handing out freebies will not spur economic growth. Undoing supply-side constraints for micro, small and medium businesses is the
A 19-month wait: RBI action on Mastercard again shows why it is urgent to have an omnibus data protection law
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/a-19-month-wait-rbi-action-on-mastercard-again-shows-why-it-is-urgent-to-have-an-omnibus-data-protection-law/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
MSME credit and gold loan companies – lenders of last resort for fund starved small businesses – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/msme-credit-and-gold-loan-companies-lenders-of-last-resort-for-fund-starved-small-businesses-301355-2021-07-14 Commercial lenders are shying away from their primary business as they turn risk averse despite the government and the Reserve Bank of India
How Herd behaviour in stock market could compound investors’ financial woes – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/how-herd-behaviour-in-stock-market-could-compound-investors-financial-woes-301425-2021-07-15 Persistent bull-run due to herding and systematic mispricing in the market could result in substantial resource misallocation in the economy and compound financial
Is the Indian stock market in a bubble? – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/is-the-indian-stock-market-in-a-bubble/article35351937.ece Investors believe stocks are overvalued but disagree on how to play the market Since the nationwide lockdown announced by the Prime Minister in March last
Growing precarity: The Hindu Editorial on fuel prices and rising inflation – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/growing-precarity-the-hindu-editorial-on-fuel-prices-and-rising-inflation/article35352189.ece Fuel levies must be cut to ease the burden on consumers reeling under rising inflation The latest inflation data based on retail and
A strong Indian state must be humane too – The Hindu
Clipped from: https://www.thehindu.com/opinion/lead/a-strong-indian-state-must-be-humane-too/article35352210.ece Having an audit system to review cases such as Fr. Stan Swamy’s will also help reassure international liberal opinion Father Stan Swamy passed
Sedition law | Supreme Court sends strong message to government – The Hindu
Clipped from: https://www.thehindu.com/news/national/sedition-law-supreme-court-sends-strong-message-to-government/article35348364.ece?homepage=true Chief Justice indicates that Section 124A (sedition) of the Indian Penal Code may have passed its time Chief Justice of India N.V. Ramana’s remarks
Loose monetary policy has run its course – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/loose-monetary-policy-has-run-its-course/article35348435.ece?homepage=true The RBI should plan for a non-disruptive withdrawal, in view of inflation and public debt management issues The global economy, struck by the
Punting on bankruptcy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/punting-on-bankruptcy/article35347573.ece?homepage=true Improving disclosures on IBC stocks will curb insider trading and protect small investors Stocks of companies undergoing corporate insolvency resolution process (CIRP) have
What’s driving up this frothy market? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/whats-driving-up-this-frothy-market/article35347699.ece?homepage=true Covid stimulus, FPI inflows and cost-cutting by firms have lifted the stock market, even as the real economy is languishing People wonder why,
Bar on Mastercard: YES Bank, Bajaj Finserv, RBL to be most affected – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/co-branded-cards-exclusive-bank-tie-ups-to-get-impacted/article35335400.ece?homepage=true Many moving to Visa, RuPay YES Bank, RBL Bank and Bajaj Finserv will be most impacted by the Reserve Bank of India decision
First compliance report under new IT rules: WhatsApp bans 2 million accounts in May-June – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/whatsapp-bans-2-million-accounts-under-new-it-rules/article35346248.ece?homepage=true Over 95% of these accounts faced action for unauthorised bulk messaging In its first monthly compliance report under the new IT rules, WhatsApp
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