More than two years ago, the Reserve Bank declared war on what it had winked at till then: the fudging of bank balance sheets. Since
Category: Economy
Govt bans gold import at zero duty from South Korea | Business Standard News–26.08.2017
The director general of foreign trade (DGFT) on Friday notified the withdrawal of the zero-duty import facility for gold, silver, and their coins and articles.
Reserve Bank: Reserve Bank Deputy Governor Viral Acharya warns of pitfalls of debt-driven “furious growth”–Economic Times–25.08.2017
Amidst shrill calls for double-digit growth, Reserve Bank Deputy Governor Viral Acharya has warned that such faster GDP expansion is always debt-driven and could crash
Focus on small businesses to drive manufacturing: Mahindra–Economic Times–25.08.2017
Asserting that domestic manufacturing has not lost its mojo, business leader Anand Mahindra has said “a new round of boom is upon us,” and sought
Big blow for taxpayers, Niti Aayog says retain income tax exemption limit at Rs 2.5 lakh – The Financial Express–25.08.2017
Niti Aayog today suggested the government should retain the income tax exemption threshold at Rs 2.50 lakh, and take steps to prevent non-farm entities from
‘Steel industry is the largest contributor to the banking system’s overall NPAs’ | Business Line–25.08.2017
The capital-intensive steel industry is considered the largest contributor to the banking system’s overall non-performing assets (NPAs), with the top five steel companies — Essar
Tax, in the bigger picture | The Indian Express–25.08.2017
Understanding is not merely a product of objective analysis. It needs a perspective as well. The national debate on GST is a case in point.
Don’t fear the trade deficit – The Hindu–25.08.2017
Amidst rising political tensions between India and China, trade relations between the two countries have come under some pressure recently. India’s trade deficit with China,
Spare the taxpayer: Recapitalisation of public sector banks needs to come with governance reforms–Times of India–24.08.2017
Financial results of public sector banks for April-June quarter show that they remain fragile. Collectively, they made a loss when their private sector peers turned
The lowflation demon vexes central banks–Economic Times–24.08.2017
By Mohamed A. El-Erian Persistently low inflation, or “lowflation,” is vexing lots of people. According to the recent minutes of policy meetings of the Federal
Agriculture exports may grow to $100 billion by 2022: Experts–Economic Times–24.08.2017
The country’s agricultural sector has potential to double farmer income and grow exports to $100 billion by 2022 from the present $36 billion, according to
Reserve bank of India: Bank consolidation should achieve efficiency, says former Reserve Bank of India governor D Subbarao–Economic Times–24.08.2017
Duvvuri Subbarao, former governor of Reserve Bank of India said consolidation of public sector banks is necessary to strengthen the banking system if it is
Raghuram Rajan comes back with I Do What I Do | Business Standard News–24.08.2017
Exactly a year after leaving the Reserve Bank of India (RBI) as its governor, Raghuram Rajan is coming out with a new book containing his
Ashish Vaidya: Keeping real interest rate high has its own perils: Ashish Vaidya, DBS BANK–Economic Times–23.08.2017
The state of the currency is key to any economy. In the past decade, the Indian rupee has swung from being the best performer to
Looking for banks to cut interest rates to take loans? Well, here is something you REALLY need to know – The Financial Express–23.08.2017
Despite the 25-bps cut in the policy repo rate on August 2, there has been virtually no reduction in the interest rates on loans. For
RBI former deputy governor H R Khan dubs farm loan as bubble, flays government for setting targets – The Financial Express–23.08.2017
Amid reverses faced by banks on farm loans, RBI’s former deputy governor H R Khan has come out strongly against the practice of agri credit
Monumental failures of RBI | Business Standard Column–Gajendra Haldea -Ex principal advisor, infrastructure, in the erstwhile Planning Commission-23.08.2017
“RBI has done a commendable job in managing the monetary policy, but as a regulator of the banking system, it has failed the Indian economy.”
Export growth must to create jobs | Business Standard Column–23.08.2017
There is euphoria in India about a growth rate of over 7 per cent. There are a lot of suggestions for creating jobs. But there
Strong rupee, weak exporters | Business Standard Editorials–23.08.2017
After several consecutive years of depreciation against the US dollar, the rupee has strengthened solidly over the course of this calendar year. It has gained
Pulses get dearer on import curbs | Business Standard News–23.08.2017
Import restrictions on tur, urad and moong before the harvesting season seem to be working as their prices have started climbing up from below their
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