Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/yes-governor-das-liquidity-is-key/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Reserve Bank of India (RBI) Governor Shaktikanta Das
Author: Anil R Tikotekar
RBI eases some conditions for banks to open current accounts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-eases-some-conditions-for-banks-to-open-current-accounts/articleshow/79724851.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In August, RBI had said that banks that do not have cash credit or overdraft (CC/OD) facilities cannot open a current account for
Kapil Wadhawan submits proposal to repay DHFL creditors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/kapil-wadhawan-submits-proposal-to-repay-dhfl-creditors/articleshow/79723430.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The proposal envisages complete repayment to all creditors within a period of 7-8 years, with upfront cash payment of Rs 9000 crores. This
Budget 2021: India Inc seeks competitive import tariffs, I-T rate cut – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/budget-2021-india-inc-seeks-competitive-import-tariffs-i-t-rate-cut/articleshow/79727529.cmsSynopsis Sitharaman held two rounds of discussions with the industry on the first day of the 10-day pre-budget consultation exercise. Biocon chairperson Kiran Mazumder
Despite five-fold increase, India’s deposit insurance cover among lowest globally – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/despite-five-fold-increase-indias-deposit-insurance-cover-among-lowest-globally/article33327009.ece?homepage=true Analysis of the 2020 survey data by the IADI reveals that India also suffers from delays in reimbursements and a narrower mandate vis-a-vis
Exporters must carefully study GST notifications | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/exporters-must-carefully-study-gst%E2%80%88notifications-120121400015_1.html The exporters need not give in to the unreasonable demands of the DRI. In response to my last Monday article (‘Notifications on GST exemptions puzzle
John le Carre: The maestro has left the field | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/john-le-carre-the-maestro-has-left-the-field-120121400230_1.html If giving pleasure to hundreds of millions can be a yardstick for a worthwhile life, le Carre measured up perfectly Mobile phones have
Protecting competition | Business Standard Editorials
Outcome of Facebook suits will have a wide impact The US Federal Trade Commission (FTC) and 46 states have simultaneously filed antitrust suits against social
Why private banks, their ownership structures need to be strictly regulated | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/ownership-and-governance-of-private-sector-banks-120121300871_1.html Basic principles and international practice suggest that opening the door to the ownership of banks in India by large corporate/industrial houses should be
Ola to invest Rs 2,400 cr for ‘world’s largest’ e-scooter factory | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ola-to-set-up-world-s-largest-scooter-factory-to-invest-rs-2-400-cr-120121400436_1.html Upon completion, the factory will create almost 10,000 jobs and will initially have an annual capacity of 2 million units Ride-hailing firm Ola said on
Is Yes Bank out of the woods? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/is-yes-bank-out-of-the-woods-120121300882_1.html The bad loans can grow as much as by 15 per cent from the current level because of the pandemic, but there seems
Ensuring farmers benefit from sale of land is critical – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/ensuring-farmers-benefit-from-sale-of-land-is-critical/2149244/ Karnataka does well to pass new law on sale of farm land; land-use change must be automatic if farmers are to benefit That
Economy after 2020: A cyclical recovery to begin; GDP growth to average 9.9% in 2021, 11.9% in FY22 – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/economy-after-2020-a-cyclical-recovery-to-begin-gdp-growth-to-average-9-9-in-2021-11-9-in-fy22/2149227/ A bumpy sequential path until a widely distributed vaccine becomes available, followed by faster rebound By Sonal Varma & Aurodeep Nandi The economy
Social security for workers: Lessons from India in the great California experiment – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/social-security-for-workers-lessons-from-india-in-the-great-california-experiment/2149260/ Lessons from India in the great California experiment The US state of California has voted to keep rideshare and delivery industry workers as
Dealing with Covid-19 pandemic: Three distinct ways in which India differs from the world – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/dealing-with-covid-19-pandemic-three-distinct-ways-in-which-india-differs-from-the-world/2149257/ India differs from the world on three counts: falling Covid-19 cases despite rising mobility, low fiscal support and high inflation Two, India has
GeM: Govt purchase of Covid kits, sanitisers, more declines 60% in Nov from Amazon of public procurement – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-gem-govt-purchase-of-covid-kits-sanitizers-more-declines-60-in-nov-from-amazon-of-public-procurement/2149626/ Ease of Doing Business for MSMEs: The volume of orders placed has also been on a steady decline. For medical category goods, the
One of the worst performing Sensex stocks in 2020 could now be turning a corner; is it time to buy? – The Financial Express
Clipped from: https://www.financialexpress.com/market/itc-share-price-worst-sensex-stocks-in-2020-gaining-momentum-now-should-you-buy/2149581/ Shares of FMCG major ITC have faced a lot of heat from investors in 2020 for being one of the worst performing Sensex
‘Small businesses slowed down in late March but didn’t stop and are now turning around with vengeance’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-small-businesses-slowed-down-in-march-but-didnt-stop-and-are-now-turning-around-with-vengeance/2149537/ Ease of Doing Business for MSMEs: Amid the Covid crisis, small shops rose to the occasion. Astoundingly, their deep legacy learnings of their
Economy grows but households’ sentiment hit in November; consumers face a double whammy – The Financial Express
Clipped from: https://www.financialexpress.com/economy/economy-grows-but-households-sentiment-hit-in-november-consumers-face-a-double-whammy/2149518/ While employment fell by 0.9 per cent or 35 lakh during the month, only 4.3 per cent of the households reported an increase
Power minister says inefficiency in state discoms a barrier in investment; check how much loss they suffer – The Financial Express
Clipped from: https://www.financialexpress.com/industry/power-minister-says-inefficiency-in-state-discoms-a-barrier-in-investment-check-how-much-loss-they-suffer/2149550/ Inefficiency in billing and collection is the major reason for losses in the distribution companies. Power minister R K Singh today said that