Clipped from: https://timesofindia.indiatimes.com/business/india-business/government-set-to-guarantee-up-to-rs-3-lakh-crore-loans-to-msmes/articleshow/75706083.cms NEW DELHI: The government’s much-awaited stimulus for micro, small and medium-sized businesses is expected to include a provision for additional loans of up
Category: RBI–Banks
IBA submits proposal on ‘bad bank’ to govt, RBI – The Financial Express
The proposed structure of a bad bank is based on the earlier recommendations of a panel headed by former PNB chairman Sunil Mehta, called ‘Sashakt’
SIDBI scheme: SAFE and SMILE, two SIDBI schemes that can help you raise money during Covid-19 – The Economic Times
Finding money and funding for your business has become very difficult. However, two SIDBI schemes can provide some succor. According to SIDBI, the emphasis of
PM Modi speech highlights: What did Narendra Modi say today?
The package is for our labourers, farmers, honest tax payers, MSMEs and cottage industry, Modi said. The address comes a day after the PM held
All you wanted to know about SARFAESI Act – The Hindu BusinessLine
The Supreme Court recently held that the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)
Lockdown, slowdown: NPAs looming, PSBs put bad bank creation plan back on table | Business News,The Indian Express
While bankers are pushing for this, and there is support for the proposal within a section of the government, the broader view in the Finance
Chronicling the economic costs of the lockdown – columns – Hindustan Times
The coronavirus disease (Covid-19)-induced pandemic has brought with it days of dark gloom. But last Friday, this feeling was exacerbated with the shocking news that
Unrealistic growth forecasts | Business Standard Editorials
The incoming high-frequency indicators suggest that most forecasters would need to take a fresh look at their projections for gross domestic product (GDP) growth for the current
Let TReDS sabotage impair credit rating–Economic Times
At a time when India’s 6.5 crore micro, small and medium enterprises (MSMEs) struggle for finance, in fact, for survival, and the government can ill
HDB Financial Services sacks about 150 employees – The Economic Times
Some of the sacked employees said it is unethical on part of the company to ask them to leave without any prior notice or anything
Private banks increase provisions, but will it be enough? – The Economic Times
Private banks like Axis Bank, ICICI Bank and IndusInd have shown their conservative side by raising provisions related Coronavirus uncertainties as they see a jump
6 critical measures govt must include in MSME relief package to ease working capital stress – The Financial Express
Credit and Finance for MSMEs: The most important support that can be offered to MSMEs is the security of their jobs and payment. Addressing this
Coronavirus fear makes people stack more cash in lockdown; currency with public shoots up – The Financial Express
The currency with the public stood at Rs 24.24 lakh crore in the fortnight ending April 24, which is an addition of over Rs 1.7
Plotting the economic revival: Exceptional situation calls for creative solutions | The Indian Express
In our previous column, we argued that reviving the post-COVID economy will be exceptionally difficult because the crisis has damaged many balance sheets. India has been
Reform, don’t trample | Business Standard Editorials
State governments in India seem to have discovered a new way to breathe life into economic activity — radical labour law changes. It began with
What next after the pandemic? – The Financial Express
When the corona crisis ends, a return to the old normal is likely. To aid economic recovery, economic policy gaps revealed during the crisis must
Don’t prefix an arbitrary fiscal cap–Economic Times
It has been reported that the government would limit its fiscal deficit to 5.5% of GDP, and contain the size of the stimulus it offers
Give soft loans to power utilities–Economic Times
The policy-challenged and cash-strapped power sector, which has held up surprisingly well during the lockdown, needs immediate credit access, as highlighted in a recent Brookings
labour reforms in India: Why Indian economy needs swift and robust labour reforms – The Economic Times
Circumstances have presented India with another chance where it can capitalise on the flight of companies from China that is underway because of the Covid-19
Credit guarantee scheme for banks need of hour, ex RBI chief Duvvuri Subbarao The Economic Times
Credit guarantee scheme for banks need of hour, ex RBI chief Duvvuri Subbarao “Government needs to consider spending on livelihood support, improving and expanding medical
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