Clipped from: https://www.thehindubusinessline.com/economy/policy/resolution-of-covid-stress-of-individuals-and-small-biz-rbi-asks-lenders-to-frame-policies-within-a-month/article34495622.ece Individuals who have availed of loans and advances for business purposes; and small businesses, other than those classified as micro, small and medium
Category: Economy
AA framework offers UPI-style revolution in MSME financing – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/aa-framework-offers-upi-style-revolution-in-msme-financing/articleshow/82423717.cmsSynopsis Four private banks set to go live by July on account aggregator framework Private sector lenders IndusInd Bank, HDFC Bank, ICICI Bank and
RBI’s latest moves should help buffer small businesses against impact of second Covid wave, but much rests on banks – The Financial Express
lipped from: https://www.financialexpress.com/opinion/rbis-latest-moves-should-help-buffer-small-businesses-against-impact-of-second-covid-wave-but-much-rests-on-banks/2246650/ Bankers must be relieved the Governor hasn’t asked them to offer borrowers a moratorium on the repayment of interest and principal. To try
Atmanirbhar Bharat & the informal sector – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/atmanirbhar-bharat-the-informal-sector/2246639/ Reconciling the hand-to-mouth existence of units in the informal sector with their stipulated globally competitive role in the Atmanirbhar Bharat is a Herculean
Need cash support, more rural jobs to tackle Covid impact: Azim Premji University – The Financial Express
Clipped from: https://www.financialexpress.com/economy/need-cash-support-more-rural-jobs-to-tackle-covid-impact-azim-premji-university/2246774/ Azim Premji University has proposed the government to undertake additional spending to support extension of free rations beyond June till the end of
Markets may be ignoring banks’ NPA risk from second coronavirus wave | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/markets-may-be-ignoring-the-npa-risk-of-new-covid-and-sfb-loans-121050501219_1.html New measures allow banks to defer full recognition of NPAs, encourage lending to areas having high probability of defaults The RBI’s new measures
RBI’s relief: Hit by second Covid wave, MSMEs call for more support | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-s-relief-hit-by-second-covid-wave-msmes-call-for-more-support-121050501527_1.html According to them, measures such as revisiting classification of bad loans and clearing pending dues from government agencies are also required RBI governor
Trade bodies disappointed with RBI measures to fight Covid-19 impact–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/trade-bodies-disappointed-with-rbi-measures-to-fight-covid-19-impact/story/438327.html The Consortium of Indian Associations (CIA), a group of over 30 trade bodies and regional small and medium scale industry associations expressed disappointment
Bad debt! Banks, NBFCs sell LAP loans to asset reconstruction companies–business today
Clipped from: https://www.businesstoday.in/sectors/banks/bad-debt-banks-nbfcs-sell-lap-loans-to-asset-reconstruction-companies/story/438240.html The estimated LAP portfolio of banks and NBFCs is over Rs 6 lakh crore. Bankers suggest the gross NPAs in the LAP portfolio
Lockdown unviable, COVID-19 vaccine the only solution; here’s why–business today
Clipped from: https://www.businesstoday.in/opinion/columns/lockdown-unviable-covid-19-vaccine-the-only-solution-heres-why/story/437900.html It is time policymakers and the national disaster management team sit together and find out how to ramp up existing domestic production of
Lend a hand | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/rbi-rs-50000-crore-support-healthcare-coronavirus-7303491/ RBI measures to ease flows to health sector, small businesses are welcome. Greater government support is needed. The central bank has provided an
RBI unleashes another round of quantitative easing to limit economic damage of the second wave–times of india
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/rbi-unleashes-another-round-of-quantitative-easing-to-limit-economic-damage-of-the-second-wave/Quick Edit TOI Quick Edits are written by a team of seasoned journalists from the Times of India’s Edit Page and TOI-Online who respond
Should India pile its reserves with gold? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/should-india-pile-its-reserves-with-gold/article34491705.ece While gold acts as a diversifier and does not carry any default risk, certain factors would warrant restricting the extent of holdings The
RBI’s rescue act | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-rescue-act-121050501378_1.html The move to avoid the moratorium route is a wise one The Reserve Bank of India (RBI) did most of the heavy lifting
Necessary, RBI, but not sufficient – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/necessary-rbi-but-not-sufficient/articleshow/82414410.cmsSynopsis What industry needs more than additional pools of liquidity is discretion with bank branch managers to decide what kinds of leniency their clients
Auto industry output set to hit a 9-month low in May – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/auto-industry-output-set-to-hit-a-9-month-low-in-may/articleshow/82394076.cmsSynopsis The total auto industry output this month is likely to be 1.2-1.5 million vehicles – almost half of the original plan, industry insiders
Steel makers raise prices by up to Rs 4,500 per tonne – The Financial Express
Clipped from: https://www.financialexpress.com/industry/steel-makers-raise-prices-by-up-to-rs-4500-per-tonne/2245856/ Despite anaemic domestic demand primarily due to lockdown and restrictions on mobility, the price hike is mainly to align with the international prices,
Why RBI’s G-SAP is a masterstroke – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-rbis-g-sap-is-a-master-stroke/article34481980.ece The OMO clone will facilitate govt’s big borrowing plan at a lower cost, by bringing certainty to timing & amount of bond buys
Blind optimism on GDP growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/blind-optimism-on-gdp-growth/article34481786.ece The projected 10.5% GDP growth for this year seems far-fetched, as the Covid second wave is bound hit the economy hard The severity,
Hopeful of export potential, Centre unlikely to extend solar after PLI period – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/hopeful-of-export-potential-centre-unlikely-to-extend-solar-after-pli-period/article34481073.ece ‘Nations want to buy from India due to unreliability of Chinese suppliers’ The government is not likely to extend the basic customs duty
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