Clipped from: https://www.financialexpress.com/opinion/the-puzzle-of-the-surge-in-currency-in-circulation/2264691/ We are perhaps looking at a scenario where high unemployment and high inflation coexist, like in the 1970s There may also be cases
Category: RBI–Banks
Extended lifeline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/extended-lifeline/article34719958.ece ECLGS is a useful lifeline to stressed borrowers, but its expanding scope calls for checks and balances As the Centre weighs the need
Multiple petitions in SC for contempt of court proceedings against RBI Governor, others–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/multiple-petitions-filed-in-sc-for-contempt-of-court-proceedings-against-rbi-governor-others/story/440379.html The petitioners — M/s Azeez Trading Company, Umrazz Trading Corporation, Ajay Hotel and Restaurant, Latur, Maharashtra — have filed their plea through lawyer
Govt widens scope of Emergency Credit Scheme to help small businesses–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/covid-19-impact-govt-widens-scope-of-emergency-credit-scheme-for-small-businesses/story/440375.html The govt widened the net of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS), which will now provide concessional loans
Startup India: 5.5 lakh jobs created under PM Modi’s pet scheme so far; 1.7 lakh in FY21 alone–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/recognised-startups-created-17-lakh-jobs-in-fy21-says-centre/story/440764.html A total of 743 startups were recognised in 2016-2017, in the first year of the initiative, which has now increased exponentially to over
Revised ECLGS will help hotels, aviation sector, tour operators: Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/revised-eclgs-will-help-hotels-aviation-sector-tour-operators-crisil/articleshow/83194306.cmsSynopsis It will also support build-up of healthcare infrastructure, mainly oxygen availability, in tier-2 and beyond cities and the hinterland, the report by leading
Fraud charges: Dubai-based billionaire B R Shetty to drag BoB to court | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/fraud-charges-dubai-based-billionaire-b-r-shetty-to-drag-bob-to-court-121060201664_1.html Shetty is currently in India and trying to return to Dubai to take care of his businesses, but a travel ban issued by
Banks, asset managers want RBI to allow sale of fraud loans to ARC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-asset-managers-want-rbi-to-allow-sale-of-fraud-loans-to-arc/articleshow/83176692.cmsSynopsis Stakeholders believe that since there has been negligible recovery in such fraud cases from either the bankruptcy mechanism or the DRT, allowing such
Expect policy tightening only from September – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/expect-policy-tightening-only-from-september/2263964/ RBI must bat for growth, ensure govt is able to borrow at affordable rate Any change to a neutral stance or any hike
Monetary policy must remain accommodative – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/monetary-policy-must-remain-accommodative/article34710357.ece As the space for fiscal stimulus is limited, monetary policy needs to play a critical role until the growth outlook improves With the
Why supporting MSMEs during Covid -19 will help socially backward groups? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/why-supporting-msmes-during-covid-19-will-help-socially-backward-groups/article34701707.ece?homepage=true Govt data show that such groups own almost 66% of MSMEs With State governments imposing restrictions and lockdowns to control the second Covid-19
Fault lines in RBI’s surplus transfer to govt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fault-lines-in-rbis-surplus-transfer-to-govt/article34701274.ece?homepage=true The higher transfer is an attempt to lower the fiscal deficit, reduce borrowing cost and cushion the weak cash management The RBI’s account
Has RBI legitimised cryptocurrencies? Traders, banks think it has | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/has-rbi-legitimised-cryptocurrencies-traders-banks-think-it-has-121060100124_1.html Central bank goes beyond saying that its April circular banning virtual currencies is no longer valid. RBI clarification is a positive move, say
New margin norms weigh on volumes, brokers estimate 10-15% impact | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/new-margin-norms-weigh-on-volumes-brokers-estimate-10-15-impact-121060101079_1.html Industry players say biggest impact could be on derivative futures volume followed by cash market volumes The norms are being implemented in phases
How RBI’s Resolution Framework 2.0 can help MSMEs tide over Covid mess; is Udyam registration required? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/how-rbis-resolution-framework-2-0-can-help-msmes-tide-over-covid-mess-is-udyam-registration-required/2263186/ For borrowers who had availed restructuring under Resolution Framework 1.0, RBI Governor Shaktikanta Das had allowed lenders to modify their plans to increase
Use fiscal leeway to boost spending – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/use-fiscal-leeway-to-boost-spending/articleshow/83153041.cmsSynopsis At the same time, the government managed to slip in outstanding dues to the Food Corporation of India and fertiliser producers into the
Non-banks’ NPAs may rise to 4.5-5 per cent by March 2022: Icra – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/non-banks-npas-may-rise-to-4-5-5-per-cent-by-march-2022-icra/articleshow/83147376.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Icra Ratings said non-banks (NBFC and HFCs) will feel the stress of the second wave of COVID-19 and movement restrictions imposed by various
How RBI managed to boost its surpluses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-rbi-managed-to-boost-its-surpluses/article34691702.ece?homepage=true Revenue from foreign and domestic investments apart, there was a spike in RBI’s holdings of GSecs for which it earns interest The transfer
Fiscal support to MSMEs needed to pay employees’ salaries; refunds of unadjusted taxes a must: FICCI survey – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/fiscal-support-to-msmes-needed-to-pay-employees-salaries-refunds-of-unadjusted-taxes-a-must-ficci-survey/2262471/ Even as businesses acknowledged the policy support extended by the Reserve Bank of India on May 5, 2021, including financial support to MSMEs,
Now we know where exactly RBI wants the bond yields to stay – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/now-we-know-where-exactly-rbi-wants-the-bond-yields-to-stay/articleshow/83105248.cmsSynopsis The number of people below the poverty line has increased from 6 crore to 13.4 crore due to Covid (Pew Research ). The
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