No adverse communication to assessees in Q1: CBDT The direction has been made as the key highlight of performance monitoring of tax officers across the
Category: RBI–Banks
A carefully crafted fiscal package can kickstart the growth process– The Economic Times
The policy response so far has been flushing the financial system with liquidity and extending support to any sector through banks so that loss is
Will ‘guarantee’ drive home loans after COVID-19? – The Economic Times
Lenders are exploring products to cover loans which are vulnerable to volatility in cash flows. Home loan delinquencies typically tend to show up after 3-4
Economic revival depends not just on money, but also on faith– View of Mr. Aditya Puri–HDFC–The Economic Times
India’s lockdown has been both most stringent compared to other countries as well as one of the most effective. But as with countries battling Covid-19
Centre’s financial stimulus not sufficient; fiscal deficit may jump to 14%: Former RBI Governor Subbarao – The Economic Times
Govt’s Covid check wasn’t enough when it was announced. It looks even less now, Duvvuri Subbarao said. Subbarao said it is quite clear that the
Centre’s financial stimulus “not sufficient”; fiscal deficit may go up to 14%: Former RBI Governor D Subbarao – The Financial Express
The Finance Ministry unveiled a Rs 1.70 lakh crore economic package on March 26 involving free food grain and cooking gas for the poor for
COVID-19: India needs large fiscal stimulus, says Kaushik Basu – The Financial Express
Moody’s Investors Service on Friday said it has estimated India’s GDP growth to hit ‘zero’ in FY21, and pointed to a wide fiscal deficit, high
Markets looking forward to bailout | Business Standard Column
But the currency could take a hit if rating agencies respond unfavourably The latest Purchasing Managers’ Index (PMI) numbers led to panic in the retail
Stimulus package likely next week; Guaranteed higher working capital limit for MSME on cards – The Hindu BusinessLine
Centre plans to raise the total borrowings to ₹12 lakh crore this fiscal Modi Government is all set to announce much awaited stimulus package with more
Lift the lockdown | The Indian Express
In India if we continue with what is believed to be the severest lockdown of any country, we could end up with an economic situation
Why a new ‘Bad Bank’ when there’re 24!–Times of India
After years of lull bankers are turning proactive. This time it is not a new found aggression to lend but to palm off their bad
Trade union TUCC demands Rs 3 lakh cr relief package for informal workers, MSMEs | Deccan Herald
Central trade union TUCC has demanded a Rs 3 lakh crore package from the government to provide relief to informal sector workers and micro, small and
Why banks aren’t ready for economic heavy-lifting this time around | Deccan Herald
Outside the Eco-Chamber On May 7, the banks deposited a total of Rs 8,19,783 crore with the Reserve Bank of India (RBI). Except for May
Raghuram Rajan explains how best to stimulate the economy – The Economic Times
Rajan says that if the fiscal deficit and the growth in government debt is deemed unsustainable, “investors and rating agencies will take fright”. He thus
Rs 411 crore loan fraud: After defaulters flee India, SBI complains to CBI – The Financial Express
The Central Bureau of Investigation (CBI) did not carry out any searches in the matter because of the coronavirus-induced lockdown. Three promoters of Ram Dev
MSME sector’s bad loan ratio at 12.5% as of January, shows report | Business Standard News
NPA level of public sector banks has increased from 18 per cent in December 2018 to 19 per cent in December 2019 The private sector
The economic malaise | The Indian Express
With Covid crisis dealing sharp blow to struggling financial sector, revival calls for new approach. Central and state government deficits and debts will increase dramatically
Wrecking entire economies: Lockdowns may be causing more harm than good worldwide, and especially in India–Times of India
Locking up healthy people in their homes and putting wholesale populations under house arrest is perverse. Coronavirus panic merchants and fearmongers have wrecked entire economies
Global economic outlook worsened since forecast in April, says IMF – The Hindu BusinessLine
The International Monetary Fund said that the global economic outlook has worsened since its latest forecast three weeks ago and the world can expect more
Need for non-collateralized reverse repo operations: SBI Report – The Economic Times
Summary “Given that 2020 is going to be an exceptional year with government borrowings set to jump, we believe the time has now come for increasing
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