What happened? Franklin Templeton Mutual Fund has decided to wind up six debt mutual fund schemes. Investors in these schemes will not be able to buy
Category: RBI–Banks
Foreign Investment Promotion Board: New FDI policy: Can India manage to stem Chinese predatory trade practices? – The Economic Times
India’s FDI decision is meant to be used as a diplomatic lever in dealing with Beijing. In the new scenario, Chinese companies may be forced
View: To lock down any further will devastate the economy, almost to a point of no return – The Economic Times
How can one mitigate this disaster? The key to it lies in getting people back to work as soon as possible, with such safety as
Govt push for mandatory bank loans needed to help small borrowers tide over COVID-19 financial emergency | Deccan Herald
A mandatory offer of credit is not outrageous in the present circumstances Representative image. (Credit: iStock Photo) On April 23, bankers effectively told the Reserve
RBI’s response to COVID-19 needs to be localised and unconventional | The Indian Express
RBI must venture into unconventional monetary policy and design alternatives to significantly ease the pressures of financing on the state governments. RBI could opt for
How Franklin Templeton MF shot in the foot & put Rs 30,000 crore investor wealth at risk – The Economic Times
The six funds, which were closed down by the Indian arm of one of the world’s biggest fund houses, are neck deep in sectors that
What matters most is health of real economy, not fiscal deficit: Rajan – The Economic Times
He warned one has to be careful about the fiscal packages, and has to make sure they do not shake currency and hike interest rates.
Coronavirus outbreak: Govt suspends insolvency process for six months–Business Today
Sections 7, 9 and 10 of the IBC enable a financial creditor, operational creditor and the promoter, respectively, to initiate insolvency proceedings against a company
Coronavirus Lockdown IX: What will it take to kick-start the Indian economy?–Business Today
Getting the basics right holds the key. This would involve first acknowledging that a large population has lost incomes, savings and jobs and second, consumption
Coronavirus: CII calls for smoother tax regime, ease of doing biz, labour market reforms to revive economy–Business Today
Structural reforms are urgently required for reducing the cost of doing business as well as to renew confidence in the economy and support the recovery
RBI may save lockdown-hit Rs 35 lakh crore stressed loan book with old CDR schemes–Business Today
Reserve Bank of India may revisit old corporate debt restructuring schemes as current regulatory framework of dealing with stressed assets would only accelerate bankruptcies RBI
Insolvency professionals should use technology and keep working for revival of cos under IBC: IBBI official – Times of India
MANGALURU: The insolvency professionals should engage greater use of technology and keep working for revival of companies under the Insolvency and Bankruptcy Code (IBC), said Mukulita Vijayawargiya, WTM
PM Modi, Sitharaman to meet on Friday to finalise second stimulus package | Business Standard News
Friday’s meeting follows a wide range of deliberations held within the government and with eminent experts. On Wednesday, Senior PMO officials had a videoconference with
India Inc gets IBC breather for six months amid coronavirus outbreak | Business Standard News
The provision is likely to require a change in the present Act, according to experts. The government has decided to suspend insolvency and bankruptcy proceedings
SIDBI gives life support to credit-deprived MSMEs; offers loan to NBFCs, MFIs for onward lending – The Financial Express
Credit and Finance for MSMEs: The loans to be disbursed would be out of the Rs 15,000 ‘special liquidity facility’ that SIDBI received from the
MSME trade body pegs loss to sector at Rs 40,000-crore per day – The Financial Express
AIMO has requested the government to look at protecting the elders and senior citizens of the country and allow the working class to return to
Firms get relief from IBC for six months, ordinance soon – The Financial Express
While the Reserve Bank of India (RBI) has allowed borrowers a three-month repayment holiday for term loans, keeping insolvency proceedings in abeyance would be an
Coronavirus impact on economy: Important constituents of the economy may suffer during Covid crisis in the absence of clarity – The Economic Times
India has been relatively conservative in extending fiscal measures to deal with the negative impact of COVID-19 on the economy. However, it has to take
RBI’s liquidity plan for non-bank lenders falters – The Economic Times
Summary “Given the lack of risk appetite in banks, a structure with partial credit guarantee by the government maybe the only viable option to ease liquidity
Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: Report – The Economic Times
Section 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year.
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