Clipped from: https://economictimes.indiatimes.com A strong kitty allows the RBI to timely intervene in forward and spot currency markets. MUMBAI: India’s foreign exchange reserves rose $8.2 billion in the
Category: Economy
Nitin gadkari: Planning to make MSME stock exchange and e-market place like Amazon: Nitin Gadkari – The Economic Times Video | ET Now
Clipped from: https://economictimes.indiatimes.com Micro, Small and Medium Enterprises Minister Nitin Gadkari attended ‘Mahabiz’ organised by Gulf Maharashtra Business Forum on June 12 via video-conferencing. While addressing
RBI: Waiver of interest charged during moratorium: SC asks Centre, RBI to hold meet in three days – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ A bench of Justices Ashok Bhushan, S K Kaul and M R Shah said the question is not of waiver of complete interest
MSME: Government gives leeway to MSMEs from penalties, interest for GST non compliance – The Economic Times
Clipped from: https://economictimes.indiatimes.com Industry trackers say that the government is trying to do a balancing act as it needs more revenue through GST but also doesn’t
Need many more banks … need to fix governance in PSBs: Manish Sabharwal | Business News,The Indian Express
Clipped from: https://indianexpress.com Sabharwal said the binding constraint for companies is not labour, but to get back consumers, and the complete end of the lockdown. Manish
‘Retail loans approvals set to fall, defaults may rise’ | Business News,The Indian Express
Clipped from: https://indianexpress.com Cautioning about a rise in defaults, it said, “The inability of some consumers to pay their debts post the moratorium period ending is
Lockdown news in India: No more lockdown please: They only induce institutional sloth
Clipped from: https://timesofindia.indiatimes.com With cases rising after the lifting of the lockdown, some state governments are again considering the reimposition of restrictions. Rajasthan has seen a
Why the stimulus won’t work: Public sector banks are not equipped to implement Covid stimulus package–times of india
Clipped from: https://timesofindia.indiatimes.com The Centre’s recent stimulus package of Rs 20 lakh crore to tackle the economic disruption caused by the spread of the novel coronavirus,
Handholding banks must to execute MSME loan scheme; here’s what govt can do to address on-ground issues – The Financial Express
Clipped from: https://www.financialexpress.com Credit and Finance for MSMEs: While various stakeholders have appreciated the bold move to set up a fund of funds, it will stress
MSME NPAs to be a double whammy for small business sentiments; these added measures may get mojo back – The Financial Express
Clipped from: https://www.financialexpress.com/ Ease of Doing Business for MSMEs: The viability of the accounts should be worked out and their loan commitments should be rescheduled wherever
Bad bank may not be a potent option to address bad loan woes: CEA Krishnamurthy Subramanian – The Financial Express
Clipped from: https://www.financialexpress.com/ Subramanian said when a bank sells bad loans, it has to take a haircut because when Rs 100 goes bad, the actual amount
Why India should have a new bad bank–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/why-india-should-have-a-new-bad-bank/ The proposal for a new bad bank has been doing the rounds at least since 2018, but has stalled on the vital question
Repayment rising in micro loans; mixed bag for MSME, retail – The Economic Times
Clipped from: https://economictimes.indiatimes.com About 25-40 per cent of microfinance borrowers have started paying back their dues at the end of May, better than April’s 10-15 per
India’s fundamentals demand much better rating, GDP growth to decline this year: CEA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ India’s ability and willingness to repay debt is gold standard, CEA said making a case for ratings upgrade. The government on Thursday virtually
Go for growth, signals S&P–economic times
Clipped from: https://economictimes.indiatimes.com It is to the credit of the rating agency S&P that it has retained India’s sovereign credit rating, despite forecasting sharply negative growth
Welcome thoughts on securitisation from RBI–economic times
Clipped from: https://economictimes.indiatimes.com The draft framework for the securitisation of standard bank assets put out by the Reserve Bank of India (RBI) seeks to rationalise a
loan moratorium: All kind of loans and contractual transactions can’t be put under moratorium: SEBI to SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ SEBI filed an affidavit in this regard in the apex court which had sought its stand on a plea which sought a clarification
Cash Not Credit Is The Key-Minhaz Merchant – BW Businessworld
Clipped from: http://www.businessworld.in The government must generate demand by putting money into people’s hands. There is pent-up demand among middle-class professionals. Used car sales, for example,
Banks burden MSMEs with ‘avoidable’ paperwork for collateral-free loans
Clipped from: https://www.businesstoday.in Federation of Indian Micro and Small & Medium Enterprises (FISME) and SME Chamber of India have received complaints from its members about some
India stares at 5th recession: How is it different from the past downturns?
Clipped from: https://www.businesstoday.in Since independence, India has witnessed four recessions. As per Reserve Bank of India (RBI), the recessions occurred in 1958, 1966, 1973 and 1980
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