Clipped from: https://www.business-standard.com/ The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal The Punjab cabinet approved setting
Category: RBI–Banks
India can tide over worst recession, but govt must be careful: Experts | Business Standard News
Clipped from: https://www.business-standard.com/ Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan’s SP Jain Institute of Management Research Former Reserve Bank of India
Labour pains: Thane’s MSMEs operating at 10-15% capacity amid lockdown | Business Standard News
Clipped from: https://www.business-standard.com The third of a five-part series looks at how lack of manpower and cash flow issues have put small units in dire straits
Do borrowers have any rights? | Business Standard Column
Clipped from: https://www.business-standard.com/ Can the bank take shelter under the omnibus problems caused by the Covid-19 crisis to indiscriminately cut down on the sanctioned credit limits
No need to worry about food inflation for six months, says expert – The Financial Express
Clipped from: https://www.financialexpress.com/ The buffer stock has been procured by the government at Rs 37 per kg and Rs 27 per kg for wheat, and this
Reserve Bank of India should keep its powder dry, use ammunition with caution: Former RBI governor D Subbarao – The Financial Express
Clipped from: https://www.financialexpress.com Subbarao explained that one thing about the current crisis around the world is that fiscal policy has no room but it has traction
Stimulus: The faster, bigger, the better–Economic Times
Clipped from: https://economictimes.indiatimes.com Dire forecasts of GDP growth plunging deep into the negative territory might or might not be precise, but precision is not the point.
GDP growth: India’s GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao – The Economic Times
Clipped from: https://economictimes.indiatimes.com Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said. The country’s economy, which is likely to
Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise – The Economic Times
Clipped from: https://economictimes.indiatimes.com Fitch Ratings has pegged the total capital requirement for India’s banking sector at $50 billion. MUMBAI: Indian banks may need to raise $20-50 billion
PSBs to provide emergency credit to MSMEs at 7.5% interest rate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Businesses, including micro, small and medium enterprises (MSMEs), with an annual turnover of ₹100 crore, are likely to get emergency credit at 175 basis
Supply chain blocks, lack of labour push MSMEs in Chennai to the brink | Business Standard News
Clipped from: https://www.financialexpress.com Data available with insolvency regulator IBBI show, proceedings in 2,170 cases were going on as of March 2020. Typically most of the insolvent firms are
Government proposal: MSMEs may seek own insolvency – The Financial Express
Clipped from: https://www.financialexpress.com Data available with insolvency regulator IBBI show, proceedings in 2,170 cases were going on as of March 2020. Typically most of the insolvent firms are
RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens – The Financial Express
Clipped from: https://www.financialexpress.com/ The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies. RBI’s decision to extend
Reforms in a Covid era: World trade will rise again. Here’s how India can ready itself to take advantage
Clipped from: https://timesofindia.indiatimes.com Finance minister Nirmala Sitharaman has taken most observers by surprise by including wide ranging reforms in her stimulus package. Alongside, some states have
FM Nirmala Sitharaman’s MSME loans not disbursed–Economic Times
Clipped from: https://economictimes.indiatimes.com Finance Minister Nirmala Sitharaman presented a cleverly devised fiscal stimulus cum liquidity package of Rs 20 lakhs crore (10% of GDP) whose direct
Non-MSMEs to get cheap, govt-guaranteed loans too – The Economic Times
Clipped from: https://economictimes.indiatimes.com While the scheme has been broadly referred to as the MSME guarantee scheme, the terms of coverage are quite broad and will include
RBI’s moves may not really help revive credit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com However, it is good to see the central bank taking a realistic view of the economy In yet another monetary policy offensive that
‘Material disclosure’ is imperative at this time – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Investors need to be frequently updated on Covid-19’s impact on companies Even as most sections of the economy shut down operations in April
A case for an urban MGNREGA – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/a-case-for-an-urban-mgnrega/article31680518.ece The urban poor have been hit harder than their rural counterparts by Covid, but policy attention is missing The case for an urban
An economic mess is staring in the face – The Financial Express
Clipped from: https://www.financialexpress.com Deeper contraction in output and sustained inflationary pressures could be policymakers’ nightmare It is now apparent that India’s economic fate is synchronised with