“By the time the lockdown is lifted, a fairly large part of our production capacity would have gone under,” said former chief statistician Pronab Sen
Category: RBI–Banks
Government can use the escape clause in the FRBM Act to monetise the deficit: Usha Thorat – The Economic Times
The RBI, along with the government, would have to ensure the additional borrowing programme does not put pressure on bond yields, said Thorat. She said
By default: Coronavirus threatens to derail retail boom for Indian lenders – The Economic Times
Summary Indian banks are facing a jump in coronavirus-related defaults on credit card dues, personal and vehicle loans. Non-repayment of credit card and personal loans has
Covid-19 big picture: Brace for a disaster much bigger than you expected | Business Standard Column
If the business of doubling rate continues as it is currently, be prepared for bad news not just from the perspective of the coming medical
After lockdown, phased reopening: Authorities should proactively work to restart industry and businesses – The Financial Express
There should be a change in mindset, where local authorities are expected not only to check the spread of pandemic but also proactively work to
Higher borrowing of ₹4.2-lakh crore by Centre in FY21 unlikely to result in meaningful fiscal stimulus – The Hindu BusinessLine
Increased borrowing of ₹4.2-lakh crore by the central government in FY2021 is unlikely to translate into meaningful fiscal stimulus, unless the Centre sharply cuts the budgeted
Has PM Modi grown highly cautious about the economy?–Editorial–Deccan Chronicle
When the government had announced Tuesday afternoon that Prime Minister Narendra Modi would be addressing the nation, the entire country waited in anticipation. In his
Need to do more: Lenders have to do the heavy lifting in stimulus plans. This won’t be enough–Times of India
Prime Minister Narendra Modi’s promise of a Rs 20 lakh crore stimulus, to nurse India’s stricken economy back out of the ICU, certainly grabbed headlines.
Govt may issue sovereign perpetuity bonds to finance fiscal deficit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/govt-could-issue-sovereign-perpetuity-bonds-to-finance-fiscal-deficit/article31582152.ece Prospects of flat issuance is bad news for government’s efforts to revive sagging growth – Chunumunu Prospects of flat issuance is bad news
Kerala govt announces special package for MSMEs amid Covid-19 crisis | Business Standard News
KSIDC will offer a moratorium on loans and interest to all operating units for three months without penal interest. The Corporation will also offer loans
Centre looks to nudge more MSMEs into manufacturing to reduce imports | Business Standard News
Sources across ministries confirmed that Narendra Modi’s call to “go vocal for local” will be achieved through a host of measures, running into the dozens,
Centre should charge for guarantee | Business Standard Column
Only PSUs can raise money cheaply today since it is assumed that the government won’t let them default My father taught me that humans innately
Liquidity focus continues | Business Standard Editorials
Govt provides immediate relief, but demand boosters missing The second instalment of the government’s relief package to address the effects of the Covid-19 pandemic broadly
MSMEs to get a breather, but recovery worry stays – The Financial Express
While the 12-month moratorium on repayments will buy micro, small and medium enterprises (MSMEs) time to ride out the Covid storm, questions remain on the
Government needs to do much more to revive MSMEs | Deccan Herald
Economic package announced by Centre can be seen an important first step towards reviving the sector Small industry in this country has been battered in
CLSS deadline extended: Credit-linked housing subsidy scheme for middle income group extended to March 31, 2021 – The Economic Times
Ever since its implementation in 2017, the CLSS scheme has already benefitted over 3.3 lakh families and the extension will further aid many more families
MSMEs: For MSMEs, Finance Minister’s Rs 3-lakh crore credit guarantee may not lead to assured benefits – The Economic Times
The measures may seem big on numbers, but many are skeptical if it can translate into meaningful gains. What seems to be the biggest miss
The problem with Modi’s Atmanirbhar Bharat Abhiyan – The Economic Times
‘Vocal for Local’ and ‘Atmanirbhar Bharat Abhiyan’ is good. But both mean the same thing: Make in India. India punishes import of consumer goods; they
Lockdown: 72% of outstanding bank credit in red zones, says report – The Economic Times
Summary Nearly 72% outstanding bank credit and 62% deposits are in the red zone districts. MUMBAI: Nearly 72 per cent of outstanding bank credit and 62 per cent
MSMEs: For MSMEs, Finance Minister’s Rs 3-lakh crore credit guarantee may not lead to assured benefits – The Economic Times
The biggest stumbling block, MSMEs say, is that they wanted financial support, but instead got a collateral-free loan scheme. In the absence of demand, that
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