The Nirav Modi scam has a direct impact on the forex market. Foreign branches of Indian banks have closed down the buyers’ credit window to
Category: Economy
Growth recovery visible; sentiment poor | Business Standard Column–Devangshu Datta–07.03.2018—–*****
The Q3 GDP data indicates that there is some sort of growth recovery. In turn, this suggests that the impact of the Goods and Services
[ Interest ] Rate reversal – Business Line–07.03.2018
The decision by the country’s largest bank, SBI, and other lenders such as ICICI Bank, Axis Bank and PNB to hike their lending rate across
If trade war breaks out, stand and watch–Economic Times–07.03.2018
US President Donald Trump’s move to impose tariffs of 25% on imported steel and 10% on imported aluminium, in the name of protecting domestic industry
PSU banks need an ethical business environment | opinion | Hindustan Times–07.03.2018
Janmejaya Sinha While reforming the PSBs, the State Bank of India can remain majority government owned because of its size and importance, but it should
India’s unemployment rate jumps at 15-month high: reaches 31 million as of 25th Feb-2018–CMIE–Deccan Chronicle–07.03.2018
The unemployment rate had reached a 71-week high in the week ended February 25, according to CMIE. The number of persons unemployed and are actively
Banks may have to take 60% haircut in large NPA cases under IBC: CRISIL–Business Today–06.03.02018
The cases of non-performing assets (NPAs) which have been referred to the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code
LTCG tax: Gold, real estate may see revival over the next year | Business Standard Column–06.03.2018—–*****
The change in long-term capital gains (LTCG) tax on equity coupled to the related tax on equity-oriented funds could lead to significant changes in investment
If ‘jobs for all’ is not to be a distant dream – Business Line–06.03.2018—–*****
India’s demographic dividend is both an opportunity and a challenge. By 2020 its estimated average age of 29 and dependency ratio of 0.4 will be
Interview–Making PSEs independent has been difficult: Bibek Debroy – The Economic Times–05.03.2018
The Punjab National Bank-Nirav Modi scam has placed banks, regulators and the government in an embarrassing spot. How do you view the developments? It is
Loan, deposit rates alert: They are set to go up, says HDFC MD Aditya Puri – The Financial Express–05.03.2018
In a clear indication that the rate cycle has turned, loan and deposit rates are all set to go further up, HDFC Bank managing director
Five PSBs on brink of being put under RBI’s prompt corrective action plan | Business Standard News–05.03.2018—–*****
Five public sector banks (PSBs), including Canara and Union Bank of India, are on the brink of being put under the Reserve Bank of India’s
Grappling with exporter credit | Business Standard Column–05.03.2018
The Central Board of Excise and Customs (CBEC) has put in place an alternative mechanism to refund Integrated Goods and Services Tax (IGST) already paid
Consumption gains traction, but inflation may spoil the party – Business Line–05.03.2018
Pay panel payout, welfare spending, commodity prices may stoke inflation GDP data released last week caused much cheer. Among other favourable numbers, private spending, the
PNB scam hits buyers’ credit – The Hindu–05.03.2018
Poor protection: PNB had a basic banker’s indemnity policy against employee fraud of only up to Rs. 2 cr. R.V. Moorthy Interest rates go through
Public sector banks write off NPAs worth Rs 516 crore in first half of current fiscal | business news | Hindustan Times–05.03.2018
Public sector banks have written off loans worth Rs 516 crore owed by wilful defaulters in the first half of the current fiscal, as per
[Interest Rates ]Borrowing terms | The Indian Express–05.03.2018
The State Bank of India (SBI) has raised its one-year MCLR or marginal cost of funds-based lending rate from 7.95 per cent to 8.15 per
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Narendra Modi | Demonetisation: Currency in circulation almost at pre-demonetisation levels–Economic Times–04.03.2018
Currency in circulation is almost at pre-demonentisation levels at 99.17 percent. It has taken fifteen months for the currency in ciruclation to get back to
Investment is good news on GDP front–Economic Times–04.03.2018—–*****
The second advance estimate of economic output growth for the current fiscal year shows growth picking up, but, at 6.6%, still falling short of even
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