The Union government on Tuesday said it will consider demands from public sector banks (PSB) to approach the Reserve Bank of India (RBI) on relaxing the Prompt Corrective
Category: Economy
Managing the oil risks | Business Standard Column
A sharp rise in retail prices of petrol and diesel in the last five months has exposed the political vulnerability of the Bharatiya Janata Party
FM Arun Jaitley launches portal to grant MSME loans within an hour | Business Standard News
Finance Minister Arun Jaitley on Tuesday launched a portal to enable micro, small and medium enterprises (MSMEs) to get in-principle approval of loans within an hour without
Can’t blame States for fiscal deficit slippage: Rathin Roy – The Hindu BusinessLine
It is preposterous to hold State governments’ finances responsible for the India’s fiscal deficit, said Rathin Roy, Director, National Institute of Public Finance and Policy
Truth and spin | The Indian Express
While inaugurating the Indian Post Payments Bank on September 1, the prime minister attacked the Congress after awarding a gold medal to himself for the
Re-import of the exported goods allowed duty free, says expert | Business Standard News
We had exported certain goods without payment of Goods and Services Tax (GST) under legal undertaking. The buyer had paid for the goods. However,the buyer says that he wants to send back
Dark clouds hanging over India’s external front – The Hindu BusinessLine
The spike in global crude prices has worsened the current account deficit. But the inability of IT exports to match imports of electronics and IT
India’s near-Lehman moment: The crisis at IL&FS must be used to address fault lines in the financial sector
India’s near-Lehman moment: The crisis at IL&FS must be used to address fault lines in the financial sector The coincidence is uncanny. Almost to the
‘To a person running scared, every shadow will be a demon’ | Deccan Herald
To a person running scared, every shadow will be a demon’ Speaking to DH’s Annapurna Singh, former finance minister P Chidambaram says there is no connection between
Just top 10 crore Indians are responsible for rising current account deficit – The Economic Times
CAD is likely to touch 2.8 per cent of GDP in the current financial year on surge in crude oil prices and moderate growth in
Rupee: Curbs on imports to bring rupee to 68-70 level: DEA Secy – The Economic Times
The government will “very soon” implement the second set of measures including curb on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, Economic
Bond markets call for holistic reforms–Economic Times
It is welcome that capital markets regulator Sebi has liberalised its norms for Foreign Portfolio Investment (FPI) with an Indian link. As the current account
Fluctuating rupee, regulations make real estate more lucrative for NRIs – The Financial Express
A fluctuating rupee, and introduction of various regulations to bring in transparency and accountability, are making real estate more lucrative for non-resident Indians (NRIs), experts
Across the Aisle: Five steps to Nirvana – The Financial Express
Across the Aisle: Five steps to Nirvana The government has tacitly acknowledged that the economy faces a crisis. The ‘crisis managers’ met with the Prime
Needed: A strategy to revive exports | Business Standard Column
At the heart of India’s growing exposure to potential external economic shock is the fact that the country is suffering a widening deficit in trade-related
Commerce Ministry rues steep decline in export credit – The Hindu BusinessLine
The Commerce Ministry has decided to take up with the RBI, the Finance Ministry and banks, the problems faced by exporters due to a sharp
Lessons from the slide of the rupee – The Hindu BusinessLine
Recent measures by the government will help in the short term. For the long term, greenfield FDI and non-oil exports are vital Our external sector
What does BoP indicate – The Hindu BusinessLine
The rupee has been depreciating sharply this year, thanks to stress in external account. Here’s a closer look at some of the pain-points With the
Tax Refund Regime | GST: Easier tax refund regime for exporters in the works
Govt may announce steps over next few days to streamline process & speed up repayments. The government is examining the tax refund mechanism for exporters under goods and services
RBI announces norms for co-origination of priority sector loans by banks, NBFCs – The Financial Express
The co-origination arrangement should entail joint contribution of credit by both lenders at the facility level. The Reserve Bank Friday announced guidelines for co-origination of
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