As livelihoods suffer severe setbacks from Covid-19 and the state-imposed lockdown, Indian policymakers have been quite stingy with their direct support measures targeted at households.
Category: RBI–Banks
70% of India’s economy hit by lockdown, 10 crore jobless, says Subhash Chandra Garg | Deccan Herald
“The 21-day lockdown would hit 70 per cent of India’s economy but has already rendered at least 10 crore workers of the mining, construction, manufacturing and
Force majeure does not extend expiry dates in letters of credit: Expert | Business Standard News
Q. Many of the letters of credit opened by foreign buyers on us for export of goods expire during the lockdown. We have made the shipments but
Lockdown and rewiring banks | Business Standard Column
With the spread of Covid-19, governments have mandated lockdowns and social distancing, thereby creating a paradigm shift in the working of banks, from a traditional
RBI tells states: Don’t worry, pay back your dues later; gives breather on repayment of dues – The Financial Express
From the current 14 working days in which state governments can be in overdraft continuously, RBI has decided to increase the number of days to 21 working
Looking beyond the lockdown: Re-orient economic policy towards the poor | Deccan Herald
S G Vombatkere, Migrant workers carry sacks of groceries distributed at their workplace during a government-imposed nationwide lockdown as a preventive measure against the coronavirus.
Job cuts on anvil: Small, medium retailers may layoff this many employees as Covid-19 kills liquidity – The Financial Express
Skilling, Labour, Talent for MSMEs: Small and medium retailers in the country are heading towards manpower rationalisation amid financial pressure and liquidity crisis due to Coronavirus
RBI: Moratorium option should be for all: RBI – The Economic Times
Mumbai: The Reserve Bank of India (RBI) on Monday reached out to several banks and non-banking finance companies to say that borrowers should be considered ‘under moratorium by
SIDBI announces additional package for MSMEs to help fight against COVID-19 | Deccan Herald
The Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises
Pandemic will lead to demand, supply and financial market shock: Moody’s – The Hindu BusinessLine
The sectors that will see positive impact include remote communications; online media, online retail; sectors that benefit from supply chain relocation; and vaccine developers The
COVID-19 impact: Banks to witness spike in credit costs, non-performing assets in 2020
Banks in the country are likely to witness a spike in their non-performing assets ratio by 1.9 per cent and credit cost ratios by 130
Businesses likely to face challenges in preparing financial reports in FY21 | Business Standard News
On April 1 every year, businesses unroll their budgets and targets for the new financial year. This financial year — FY21 — is different. As a relief from the
Finance to the fore | Business Standard Column
The epidemic, and the responses to it, have created stress for a lot of firms. A sound financial system will put out a lifeline for
Time to invoke the FRBM escape clause: Rakesh Mohan – The Economic Times
The biggest question before policymakers today is a trade off between health and the economy. Given the ferocity of the pandemic, is it a question
urjit patel: India should keep public finances healthy: Former RBI chief Urjit Patel – The Economic Times
By Anirban Nag India must keep public finances relatively healthy to stave off a possible second wave of risks in the financial sector once the coronavirus crisis
How to restart the economy after the lockdown: Here’s how India can meet perhaps the greatest challenge of our times–Times of India
Economically speaking, India is faced today with perhaps its greatest emergency since Independence. The global financial crisis in 2008-09 was a massive demand shock, but
New headache for banks: Let the lenders decide on loan moratorium – The Financial Express
The better way to address the problem was to have left it to lenders to decide which customers would be eligible for the repayments holiday.
Rajan urges government to invite experts to deal with economic impact of COVID-19 – The Economic Times
Former RBI governor Raghuram Rajan has suggested to the government to call people with proven expertise and capabilities, including from opposition parties, to deal with
India reassures banks of capital infusion: Sources – The Economic Times
India has assured state banks it is ready to provide capital support as the coronavirus pandemic may lead to a surge in bad loans when
Centre tweaks rules to make inactive accounts functional – The Hindu
Aims to ensure cash transfer under COVID-19 relief reaches beneficiaries The Finance Ministry has tweaked prevention of money laundering (PML) norms with the aim to
aniltikotekar4sme.com 