India has 19 crore adults without a bank account despite the success of the ambitious Jan Dhan Yojana, making it the world’s second largest unbanked
Category: Economy
Indian banks’ NPA woes: Privatisation no solution; stronger watchdog maybe? | Business Standard News–20.04.2018
To many economists, the solution to India’s bad-loan crisis appears as obvious as the problem: Privatize state-owned banks, which have racked up billions more in
Falling apparel exports – Business Line–20.04.2018
India’s apparel exports have dropped about four per cent to $16.7 billion in 2017-18. This is alarming, as this is the first reversal after years
India to be the world’s fastest-growing major economy in 2018: Poll – Business Line–20.04.2018
India will claim the top spot among the world’s fastest-growing major economies this year, but rising trade tensions between the United States and China may
china us trade war: India may become surprise victim of trade war, says Rabobank – The Economic Times–19.04.2018—–*****
India’s economy will be hit hard by a combination of a global tariff war and the U.S. Federal Reserve’s monetary tightening cycle, according to a
bad loans: RBI worried over rise in one-day default norms breach – Times of India–19.04.2018
Reserve Bank deputy governor NS Vishwanathan on Wednesday raised concerns over the large number of borrowers failing on the one-day default norm, and asked the
Prabhu promises exporters to take up GST refund issue – The Economic Times–19.04.2018
Commerce and Industry Minister Suresh Prabhu on Wednesday assured exporters of taking up the issue of Goods and Service Tax (GST) refund with the finance
India must fully implement GST to avoid tax revenue underperformance: IMF – The Financial Express–19.04.2018
India, which has recovered from disruptions caused by demonetisation and the rollout of the GST, must fully implement the new nationwide indirect tax to avoid
New NPA resolution norms outcome oriented, flexible: RBI – The Financial Express–19.04.2018
Defending the Reserve Bank of India’s (RBI) norms on resolution of banks’ non-performing assets (NPAs), or bad loans, announced in February, RBI Deputy Governor N.S.
RBI may give freer rein to Rupee as US puts India on monitoring list for currency manipulation – The Financial Express–18.04.2018
India’s addition to the U.S. Treasury’s monitoring list for currency manipulation makes it more likely the Reserve Bank of India will give freer rein to
Indian currency manipulation | Business Standard Column–18.04.2018—–*****
The US Treasury recently placed India on the watchlist on the issue of currency manipulation. Two of its three tests make no sense, but there are grounds
Currency games – Business Line–18.04.2018
There are no valid grounds for the US to accuse India of being a currency manipulator By naming India as one among six countries whose
Divided we fall: on the 15th Finance Commission – The Hindu–18.04.2018
Prime Minister Narendra Modi thinks vested interests are behind the “baseless” allegation that the terms of reference of the 15th Finance Commission are biased against certain States
Industrial rebound calls for credit–Economic Times–16.04.2018
The Index of Industrial Production has notched a credible 7.1% increase in February (over the like period last year); output has been buoyant for four
No friction with RBI, different views natural: Economic affairs secretary Subhash Chandra Garg – The Economic Times–16.04.2018
Investment revival is expected now. You don’t invest when there is spare capacity, you invest when capacities have been breached and you need fresh capacities,
India needs robust exports, investment to achieve 8% growth: ADB – Business Line–16.04.2018
India can achieve over 8 per cent growth rate in a sustained manner if it takes steps to revive investments and make exports competitive, said
Rupee — what lies ahead – Business Line–16.04.2018
After a strong 2017, the rupee appears wobbly this year. A look at the factors behind the fall and what’s in store The year 2017
Bonds issued by corporates touch ₹6 lakh crore – Business Line–14.04.2018
Corporate bond issuances in the last fiscal totalled ₹6 lakh crore, but the market is still dominated by private placements, a report from Care Ratings said.
Big cost of loans from small saving schemes–Economic Times–14.04.2018
The government’s borrowing cost is going up, even when the yield on gilts trends down. This is neither good for a functioning debt market nor
Why volatility is back to haunt bond markets? – Business Line–14.04.2018
The party in bond markets that began with the Centre lowering the borrowing programme for the first half of 2018–19 and the RBI topping it
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