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
Category: RBI–Banks
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
No adverse communication to assessees in Q1: CBDT– The Economic Times
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
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
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