Clipped from: https://www.thehindubusinessline.com Bank deposits jumped by a whopping ₹2,87,495 crore in the March 27to May 8 period as savers/investors turned cautious in view of the volatility
Category: RBI–Banks
All options open to govt to monetise deficit under RBI guidance: N K Singh | Business Standard News
Clipped from: https://www.business-standard.com/ He said all options should be open to the sovereign in consultation with the Reserve Bank of India (RBI) The central government has
Debt to GDP ratio to rise in this fiscal, says Finance Commission chairman – The Financial Express
Clipped from: https://www.financialexpress.com/economy/ Additional expenditures to tackle Covid-19 pandemic and reduction in economic activity will push up the general government debt to GDP ratio in FY21.
MSMEs pin hopes on release of payments by govt – The Financial Express
Clipped from: https://www.financialexpress.com More than availing of the benefit of new credit lines and loan-related schemes announced by the government, nearly 63.3 million micro, small and
Banks approach MCA to expedite nod for 40 resolved IBC cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com With prospects of almost zero recovery over the next few months, banks are worried that buyers may call off deals or reduce valuations
Street vendor loans may come with subvention – The Economic Times
Clipped from: https://economictimes.indiatimes.com The government is considering a 5-7% interest subvention on loans to street vendors to make the targeted ₹5,000-crore financial assistance scheme popular amid
Banks let 124 companies slip into liquidation despite resolution plans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ “The code envisages maximisation of value and not price,” wrote Dr M.S.Sahoo, chairman, IBBI, in the latest newsletter released by the bankruptcy regulator.
Alibaba.com hosts online summit to help Indian MSMEs navigate post Covid-19 world – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ Insights from Alibaba.com showcase that 65% of Indian sellers on the platform have no exporting experience while 32% of incoming sellers have no
No restrictions on utilisation of additional borrowing by states: FinMin official – The Economic Times
Clipped from: https://economictimes.indiatimes.com It is to be noted that the basic limit of 3 per cent remains unconditional, while only additional one per cent out of
Migrant workers turn towards banking for employment – The Economic Times
Clipped from: https://economictimes.indiatimes.com Financial institutions dominant in the villages have seen queries for opening banking kiosks surge fivefold since the lockdown began. Industry players attributed the
Raghuram Rajan says migrant workers need money for vegetables, cooking oil, shelter; foodgrains not enough – The Economic Times
Clipped from: https://economictimes.indiatimes.com India’s stimulus is inadequate in providing recovery of an economy pummelled by COVID-19, Rajan said. New Delhi: Calling India’s Rs 20.9 lakh crore
Rationale behind the package | Business Standard Editorials
Govt seems to be preserving some firepower The Rs 20-trillion economic package, announced by the government last week to deal with the impact of Covid-19,
Centre considers market borrowing for GST compensation to states | Business Standard News
Raising GST rates or rationalisation of tax slabs may be discussed by the GST Council in the next meeting to be scheduled early next month.
Weaker NBFCs to gain from partial credit guarantee scheme 2.0 – The Financial Express
The decisions will help NBFCs, hit hard by the Covid-19 crisis, tackle their temporary liquidity mismatch and also enable them to continue to lend and
The real story behind PM Modi’s mega MSME push – The Financial Express
Appearing on the same programme, economist Venkatraman Anantha Nageswaran reminded viewers that the relief should extend to micro, small, and medium farmers and agri-businesses. On
Now to stimulate the stimulus – The Economic Times
GoI has leaned on addressing the survival issue via some cash and in-kind transfers to vulnerable sections of society. But India is a consumption-based economy
NBFC: New government fund for NBFCs will have limited impact: Analysts – The Economic Times
Analysts said the short duration of the debt and rating restriction raises a question over its effectiveness. Mumbai: The government has announced that it will
Who said India’s Covid stimulus package is way less than others – The Economic Times
The reforms announced are far reaching and cover large gamut of activities The stimulus package is a mix of fiscal support, monetary support, ease of
India has been forced a reset by Covid-19, especially its political economy of reform – The Economic Times
India badly needed these second-generation reforms as a reboot to the 1991 reforms that have run their course. Both Prime Minister Narendra Modi and finance
Govt’s mega economic booster: Why TDS rates should be halved for good–Business Today
Corrective measures on the TDS and refunds front would bring relief to trade and industry while enhancing their competitiveness in the international market In order
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