Rupee is falling, fuel prices are rising but Modi government to stick to guns on fiscal discipline: Official The government is determined to keep fiscal
Category: Economy
Ben Bernanke admits Fed made mistakes combating financial crisis 10 years ago – The Financial Express
Former Federal Reserve Chairman Ben Bernanke acknowledged that policy makers made two critical errors fighting the financial crisis a decade ago: They failed to see
Structural reforms needed to fix CAD challenges | Business Standard Column
India is currently facing challenges in the management of its external account, reflected in worries about rupee depreciation, and concerns about the current account deficit (CAD). India’s
Blow to exporters | Business Standard Editorials
At a time when India is once again facing a rising current account deficit, it is reasonable to ask why the problem of an inability
Global financial crisis: How India can look ahead by looking back | Business Standard News
As a backstop to banks, a vibrant corporate debt market is absolutely essential for risk diversification In March 2007, I accompanied Axle Weber then President
Supreme Hiatus in Insolvency Proceedings–Economic Times
The Supreme Court has stayed bankruptcy proceedings set to be initiated against power producers and others till mid-November. Assorted debtors had challenged bankruptcy proceedings that
RBI Ex-Governors’ Insights on NPAs–Economic Times
This week, two former governors of the Reserve Bank of India (RBI) have spoken about financial and banking crises. Duvvuri Subbarao, governor from 2008-13 spoke
Lehman Brothers: Root of NPA woes is the restructuring carried out during the Lehman crisis – The Economic Times
India must consider setting up a sovereign wealth fund to invest excess reserves in commercial assets rather than in the might of the dollar. As
Lehman Brothers: We took both conventional and unconventional steps: Duvvuri Subbarao – The Economic Times
We would have done everything that we did in real time because we were operating in real time within the universe of knowledge available to
Stimuli helped weather storm but skewed macros – The Economic Times
Duvvuri Subbarao has had the most inauspicious start to his stint as RBI governor. Within days of assuming office, Lehman Brothers collapsed leading to the worst global financial
Raghuram Rajan | NCLT: Big promoters using IBC to file frivolous appeals: Raghuram Rajan–Economic Times
Some of the promoters of companies in default are still attempting to game the system and the judiciary should resist its temptation to encourage frivolous
RBI Bankruptcy Deadline: RBI’s deadline for bankrupt companies: Supreme Court stays insolvency proceedings against defaulters–Economic Times
The Supreme Court halted insolvency proceedings against defaulters in the power, sugar, shipping and textile sectors, providing relief to borrowers hours before the deadline for referring them to insolvency
Oil on the boil – The Hindu BusinessLine
While some factors are global, levies can be cut and pricing made more transparent With global crude oil now at almost $80 a barrel, petrol
Banks have to take up to 50% haircut on stressed debt of Rs 50,000 cr under ICE framework: Study – The Hindu BusinessLine
With stressed debt of over Rs 50,000 crore under the independent credit evaluation (ICE) framework, banks have to take a haircut in the range of
politics of economy | अर्थकारणाचे राजकारण – Maharashtra Times
अर्थकारणाचे राजकारण बँकांच्या बुडित कर्जांबाबत रिझर्व्ह बँकेचे माजी गव्हर्नर रघुराम राजन यांनी केलेल्या विवेचनावरून चाललेली राजकीय चिखलफेक दुर्दैवी आहे. कळीच्या विषयावरही कुरघोडी करण्यातच धन्यता मानण्याची ऱ्हस्वदृष्टी राजकीय
Lessons unlearnt: Raghuram Rajan’s explanations for NPA crisis provide a template for banking reforms–Times of India
Raghuram Rajan, governor of RBI between 2013 and 2016, has triggered a political debate between Congress and BJP while communicating his views on India’s bad
Why burning oil, melting rupee should not worry India – The Economic Times
By Swaminathan S Anklesaria Aiyar The Bharat Bandh called by Congress and sundry opposition parties, to protest against rising fuel prices and a falling rupee, represents the sad populism common
Rupee: Rupee at record low puts RBI under pressure to curb market rout – The Economic Times
By Anirban Nag India has a currency problem and it’s not going away anytime soon. A current-account deficit at a five-year high, elevated oil prices
Still not too late to look at NRI bonds to save rupee – The Financial Express
Allowing FDI in multi-brand retail, for instance, has the potential to bring in several billions of dollars immediately since, right now, several MNC retailers are
NPA: Power projects heading to NCLT may get to retain fuel supply pacts – The Economic Times
It is estimated that 60,000-65,000 mw of about 75,000 mw operational coal- based power capacity in the private sector may be under financial stress. Stressed
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