Clipped from: https://www.thehindubusinessline.com/money-and-banking/expected-loss-based-norms-seen-triggering-billion-dollar-fundraises-by-banks/article66387492.ece Analysts are applauding the decision to introduce the framework at a time when the banking system’s health is robust RBI, on Monday, issued
Day: January 17, 2023
On a learning curve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/on-a-learning-curve/article66388196.ece Higher education needs to be professionalised Given India’s changing demographics, professionalisation of higher educational institutions assumes crucial significance and cannot be delayed | Photo
Indian IT services in 2023 | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indian-it-services-in-2023/2950212/ After the surge in hiring during the pandemic years, 2023 could bring in a trend reversal for the IT sector he IT sector’s
pharma industry: Budget 2023: ‘Pharmacy of the world’ has a Chinese Achillean heel – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2023-pharmacy-of-the-world-has-a-chinese-achillean-heel/articleshow/97046291.cms Synopsis Given how crucial the pharmaceutical industry is to the country’s economy, its reliance on China for raw materials is particularly alarming. Pharma
Russia posts record current account surplus of $227 bln in 2022 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/russia-posts-record-current-account-surplus-of-227-bln-in-2022/articleshow/97063769.cms Synopsis Russia’s current account – a measure of the difference between all money coming into a country through trade, investment and transfers, and
*India’s rising home prices, rentals a new inflation threat – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indias-rising-home-prices-rentals-a-new-inflation-threat/articleshow/97050823.cms Synopsis Housing rentals and ancillary costs have a 10.07% weightage in India’s consumer price inflation basket and are near three-year highs, posing a
👍RBI issues draft on expected credit loss-based provisioning by banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-issues-draft-on-expected-credit-loss-based-provisioning-by-banks/article66383901.ece Will bring provisioning requirements for banks on par with those for NBFCs | Photo Credit: ALTAF HUSSAIN The RBI has issued a discussion
*Stop creating tax vivads – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/stop-creating-tax-vivads/article66384237.ece The Revenue must stop raising irrecoverable tax demands The crux of the problem is that tax demands are being raised without proper due
*Pakistan’s economy in dire straits – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/pakistans-economy-in-dire-straits/article66384212.ece Even as the floods have deepened the economic crisis, Pakistan’s face-off with the Taliban is intensifying Like Russia and China, India has avoided
Across the aisle by P Chidambaram: First advance warning of 2023-24 | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-by-p-chidambaram-first-advance-warning-of-2023-24/2948407/ Although based on data available only for the first eight months of the financial year, and some numbers are extrapolated, the estimates contain
Getting more from taxation | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/getting-more-from-taxation/2949031/ The government needs to expand the tax base and not tax the already-taxed some more. Sustainability and realisation of tax must be made
Budget Expectation: Liquidity support system for NBFCs to Parity in Income Tax treatment on NPA provisions | The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-expectation-liquidity-support-system-for-nbfcs-to-parity-in-income-tax-treatment-on-npa-provisions-2945018/ The key question for the finance minister in the upcoming Union Budget is how to position NBFCs in the financial system in the
Employee exodus at Vodafone Idea as 20% of sales team quits | The Financial Express
Clipped from: https://www.financialexpress.com/industry/employee-exodus-at-vodafone-idea-as-20-of-sales-team-quits/2949106/ Attrition is in line with industry trends, says telco The telco is now scouting for replacements and has listed as many as 986
Focus on GST simplification and ease of doing business | The Financial Express
Clipped from: https://www.financialexpress.com/budget/focus-on-gst-simplification-and-ease-of-doing-business-2949829/ The announcement of the Union Budget is one such opportunity where the Government can create a favourable ecosystem for the retail industry. Indian
RBI proposes banks to design own credit loss models | The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-proposes-banks-to-design-own-credit-loss-models/2950327/ The banks will have to make provisions for delays made by borrowers in their repayments under the proposed framework, in addition to existing
Securitisation volumes see over 40% YoY uptick in 9-month of FY23: Crisil | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/securitisation-volumes-see-over-40-yoy-uptick-in-9-month-of-fy23-crisil-123011600707_1.html The commercial vehicle segment witnessed 31 per cent growth and microfinance segment saw 14 per cent growth in the securitisation market Securitisation volumes have
Exports slide 12% on recession fears; trade deficit widens to $23.76 bn | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-exports-in-december-2022-dipped-by-12-2-to-34-48-billion-123011601019_1.html Imports last month also contracted 3.46 per cent to $58.24 billion, amid falling commodity prices India’s merchandise exports contracted 12.2 per cent year-on-year
IT Sector : Positive signals | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/positive-signals-123011500910_1.html IT companies have done better than expected The third quarter (October-December 2022) was expected to be grim for the IT sector. Guidance had
Gold: US Federal Reserve rate cut expectations have yellow metal shining | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/us-federal-reserve-interest-rate-cut-expectations-driving-yellow-metal-up-123011600919_1.html Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds Gold closed at Rs 56,655 per 10 grams
aniltikotekar4sme.com 