Clipped from: https://www.business-standard.com/article/international/united-states-unemployment-claims-fall-to-406-000-a-new-pandemic-low-121052701243_1.html This comes as the virus wanes and economy further reopens. Photo: Bloomberg The number of Americans seeking unemployment benefits dropped last week to
Author: Anil R Tikotekar
Rising stock markets amid GDP contraction poses risk of a bubble, says RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/rising-stock-markets-amid-gdp-contraction-poses-risk-of-a-bubble-says-rbi-121052701358_1.html ‘The widening gap between stretched asset prices relative to prospects for recovery in real economic activity emerged as a global policy concern,’ RBI
Analysts see RBI remain accommodative, hold rates in June 4 policy review | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/analysts-see-rbi-remain-accommodative-hold-rates-in-june-4-policy-review-121052700420_1.html In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates Inflation and growth concerns amid
Despite record dividend, RBI and govt may have differences over new norms | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/despite-rbi-s-record-dividend-rift-surfaces-with-finmin-over-audit-norms-121052601038_1.html Apex bank’s Rs 99,122 cr dividend supports the Centre’s fiscal rescue plan, obviates need to ramp up borrowings for now The finance ministry feels the
Cyberattacks could trigger more rating actions on banks, says S&P | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/cyberattacks-could-trigger-more-rating-actions-on-banks-says-s-p-121052501622_1.html The banking sector is becoming more exposed to cybercrime after the Covid-19 pandemic accelerated digitalization and remote working Cyber defense will become an
Explained: How new Facebook feature flags misinformation | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/facebook-misinformation-fake-news-tool-7332659/ Facebook will reduce the distribution of all posts in News Feed from an individual’s account if they repeatedly share content that has been
Maharashtra reaches out to children orphaned by Covid, traces 98 so far | Cities News,The Indian Express
Clipped from: https://indianexpress.com/article/cities/mumbai/maharashtra-reaches-out-to-children-orphaned-by-covid-traces-98-so-far-7331895/ These are some of the children district officials in Maharashtra have been able to reach out to after they lost either one or
GST Council may correct the inverted duty structure for textiles, footwear industries – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/gst-council-may-correct-the-inverted-duty-structure-for-textiles-footwear-industries/article34652138.ece Leading to higher refunds, affecting govt revenues The GST Council meeting on Friday is expected to take a call on removing the anomaly
Banks ready to transfer 37 NPAs worth ₹92,000 crore to NARCL – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-ready-to-transfer-37-npas-worth-92000-crore-to-narcl/article34652041.ece Videocon, Reliance Naval, Essar Power Gujarat and Coastal Energy among others in the assets transfer list Banks have so far zeroed-in on 37
Hit hard by pandemic, retailers, traders seek waiver of property tax and license fee – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/hit-hard-by-pandemic-retailers-traders-seek-waiver-of-property-tax-and-license-fee/articleshow/82976676.cmsSynopsis Since April, nearly two dozen states including Maharashtra, Karnataka, Rajasthan, Chhattisgarh, West Bengal, Madhya Pradesh and Odisha, have restricted timings of shops selling
Banks may target family trusts of loan guarantors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-target-family-trusts-of-loan-guarantors/articleshow/82985824.cms Synopsis–Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such
Banks assure homebuyers of support for Jaypee Infra resolution, not keen on liquidation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infratech-resolution-key-lenders-assure-homebuyers-of-best-possible-outcome/articleshow/82972879.cms SynopsisAround 20,000 home buyers have been waiting to get delivery of their homes following the Allahabad bench of the NCLT classified Jaypee Infratech
Surging input prices, rural disruptions caused by high Covid cases twin risks to inflation: Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/inflation-back-to-haunt-on-higher-input-prices-rural-economy-disruptions-crisil/articleshow/82971913.cmsSynopsis It said the rising spread of Covid-19 infections in the hinterland could lead to disruptions in food production and its transportation to the
What triggered spikes in short-term interest rates? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/what-triggered-spikes-in-short-term-interest-rates/articleshow/82977192.cms Synopsis–“The liquidity surplus has reduced with the CRR (cash reserve ratio) rollback and likely rising government cash balances,” said Anand Bagri, Head –
Credit card spends grow at slow pace as Covid second wave hits sentiment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/credit-card-spends-grow-at-slow-pace-as-covid-second-wave-hits-sentiment/articleshow/82992775.cmsSynopsis Asset quality from the unsecured segment a big worry; banks have curtailed credit limits and also cut back on new customer additions Mumbai:
Banks may target family trusts of loan guarantors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-target-family-trusts-of-loan-guarantors/articleshow/82985824.cms Synopsis-Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such
New auditing rule book to ensure no repeat of IL&FS, DHFL-like fiascos – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rbis-new-audit-norms-to-ensure-no-repeat-of-ilfs-dhfl-yes-bank/articleshow/82992690.cms Joel Rebello–Editor, The Economic TimesJoel has been a financial journalist for more than 14 years, specializing in banks. He has been with The
Centre working on packages for those who lost sole breadwinner, orphaned children – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/centre-working-on-packages-for-those-who-lost-sole-breadwinner-orphaned-children/articleshow/82985618.cmsSynopsis Discussions have been held with stakeholder ministries to ready the package at the earliest, given the huge financial impact such families are facing.
Vaccination: The $5 trillion question | Business Standard Column
The answer to the question of how to vaccinate a billion Indians is perhaps to be found in basic economics What is the most important
The coming long spell of demand drought | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-coming-long-spell-of-demand-drought-121052601504_1.html Looks like India’s demand curve has shifted downwards for a couple of years at least, writes Shailesh Dobhal As far as demand for