Financial services secretary Rajiv Kumar on Friday said that the government is not looking for relaxation in the Reserve Bank of India’s prompt corrective action (PCA) framework but hinted
Author: Anil R Tikotekar
viral acharya: RBI deputy governor Acharya’s autonomy concerns: 10 points he makes in his speech – The Economic Times
Acharya’s speech also touched upon the current concerns over the relaxed prompt corrective action regime of the RBI. While speaking at the AD Shroff Memorial
Essar Steel lenders back ArcelorMittal, file plan with NCLT – The Economic Times
ArcelorMittal said Essar Steel’s creditors put the seal on its acquisition of the bankrupt company, a day after the erstwhile promoters sought to make a last-minute
Promoter’s offer should not be ignored for process lacunae: Essar Steel – The Economic Times
With lenders picking ArcelorMittal for Essar Steel takeover, the debt-laden company Friday said the committee of creditors should consider the Rs 54,389 crore offer made by promoters to
Arun Jaitley’s big message to defaulters: ‘IBC instilling fear’ – The Financial Express
Potential loan defaulters have started paying up as the Insolvency and Bankruptcy Code (IBC) has instilled the fear of losing their businesses if they cross
GOI’s T20 vs RBI’s test match: Viral Acharya takes on government for trying to get RBI to relax PCA – The Financial Express
A government’s horizon of decision-making is rendered short like a T20 match, he said, using a cricketing analogy. RBI deputy governor Viral Acharya on Friday ripped
Steps soon to ease liquidity crunch: Rajiv Kumar, Financial Services Secretary – The Financial Express
Financial services secretary Rajiv Kumar said on Friday that some steps are being planned to ease the liquidity crunch being faced by non-banking finance companies
Market can discipline govt: RBI’s Viral Acharya in hard-hitting speech on centre’s interference; top 5 quotes – The Financial Express
Viral Acharya’s hard-hitting speech at AD Shroff Memorial Lecture, Mumbai has come amid a tug of war between going on between the RBI and the government.
Across the Aisle: Things fall apart; Centre cannot hold – The Financial Express
here is an old saying ‘Misfortunes don’t come singly’. It seems that the gods are not smiling on the Indian economy. Look at the bad
Govt-regulator consultation the way to go, says FM Arun Jaitley | Business Standard News
A day after Reserve Bank of India Deputy Governor Viral Acharya cautioned that the governments that did not respect their central bank’s independence would incur the wrath of financial
An evolving economy needs dynamic regulation, says Arun Jaitley | Business Standard News
Finance Minister Arun Jaitley Saturday said as an economy evolves, regulation needs to be relaxed or altered keeping in the mind the ground situation. Speaking at an
No time limit prescribed in law for amendment of shipping bill: Expert | Business Standard News
We made shipments in January 2018 to June 2018 under advance authorization and now came to know that inputs mentioned in the advance authorization can
Money, confidence to feed liquidity–Economic Times
The government and the RBI must get their act together to convince the markets that there is serious commitment to averting a drought of liquidity
ArcelorMittal hits back at Ruias offer, says withdrawal of Essar Steel IBC process not possible – The Financial Express-R
ArcelorMittal, which was selected preferred bidder by lenders of Essar Steel, has hit back at the Rs 54,389 crore offer made by the Ruias, saying that
India’s fiscal deficit touches 95.3% of full-year target in just 6 months – The Financial Express
India’s fiscal deficit in the first half of the year has touched 95.3% of the full-year Budget Estimates (BE), the government data showed. The fiscal
Section 12A of IBC doesn’t apply to Essar Steel case, says ArcelorMittal | Business Standard News-R
ArcelorMittal said on Thursday that Section 12A of the Insolvency and Bankruptcy Code (IBC), under which the Ruias have proposed to withdraw Essar Steel from the Corporate Insolvency Resolution
Ruias make a last minute offer of Rs 543 bn to repay all Essar Steel dues | Business Standard News-R
The promoters of debt-ridden Essar Steel took its creditors by surprise by offering to settle the entire claims of Rs 543 billion under Section 12A
Ensure CoC members areseniors, IBBI tells lenders – The Hindu BusinessLine-R
To avoid delays in decision-making, the Insolvency and Bankruptcy Board of India (IBBI) has asked banks to ensure that their representatives on the Committee of
GST-Surprise communiqué – The Hindu BusinessLine
Just after most taxpayers had filed their monthly returns for September comes a press release with no title, number, signature or information as to who
View: Rupee has slipped way too much and needs to be reined in – The Economic Times-R
By Abheek Barua The oldest trick in the high school debater’s book is to make the opponents’ propositions appear so risible that the judges are