Assets under management (AUM) of the Rs 27-trillion mutual fund industry took a huge knock in March, largely because of withdrawals from the debt and
Category: RBI–Banks
New CBIC circular: Import, export of goods without furnishing bonds to Customs authorities allowed – The Financial Express
The CBIC said it has approved relaxation of the requirement to submit bonds. CBIC Circular: The Central Board of Indirect Taxes and Customs (CBIC) on
FPI limit hike paves way for foreign fund flows into Indian shares, after MSCI defers raising India weight – The Financial Express
The Ministry of Finance in October 2019 has published a circular raising the statutory FPI limit of Indian firms to the sectoral foreign investment limit.
Banks may ask RBI for breather on lump sum repayment of deferred interest – The Hindu BusinessLine
Banks may move the Reserve Bank of India (RBI) to allow businesses and individuals availing working capital facilities more time to repay the interest in
Increased default threshold for IBC trigger comes into effect – The Hindu BusinessLine
From 1 lakh, the threshold has been raised to ₹1 crore The Ministry of Corporate Affairs (MCA) has operationalised the Centre’s move to raise the
Covid-19 impact: Will ₹1-lakh threshold for insolvency plea under IBC be reviewed? – The Hindu BusinessLine
If implemented, the move will offer substantial relief to stressed sectors In a bid to avoid frivolous applications under the IBC, one of the amendments
UPA economy doctors’ prescription to tide over coronavirus crisis | Business Standard News
Economy doctors of the United Progressive Alliance government — C Rangarajan, Montek Singh Ahluwalia, and Pronab Sen — had played a pivotal role in fixing
As Covid-19 grips economy, firms uncertain about impact on bankruptcies | Business Standard News
However, industry experts said many would also try to take advantage of the situation and blame the delay or non-delivery of projects on the Covid-19
Experts peg India’s Covid-19 lockdown cost at $120 bn, call for relief plan | Business Standard News
Pegging the cost of the Covid-19 lockdown at $120 billion (approximately Rs 9 trillion) or 4 per cent of the GDP, analysts on Wednesday sharply
An opportunity in Covid-19 crisis: Revisit all loan repayment contracts | Business Standard News
The prospect of wide-scale defaults in banking-related contractual obligations on account of the pandemic has stirred lenders into action. The Indian Banks’ Association (IBA) plans
Covid-19 impact: Banks want NPA forbearance for next two quarters or more | Business Standard News
An account is classified NPA if the default is beyond 90 days While the government has raised the threshold for invoking insolvency under the IBC
The tough balancing act – editorials – Hindustan Times
Amid speculation that the national lockdown, which ends on April 14, may get extended, Prime Minister Narendra Modi offered the first hint of the government’s
The MSME sector is critical in times of Covid-19 – analysis – Hindustan Times
A large fraction of India’s firms are small, informal and operate in the unorganised sector. Recent annual reports on Micro, Small and Medium Enterprises (MSMEs)
Upside of a crisis | Business Standard Column
A global catastrophe as is unfolding will produce structural changes in nations and especially democracies. When the entire population is affected by an event, as
Measures that can boost MSMEs during Covid-19 lockdown – The Economic Times
By Sampad Swain Businesses have been taking a hit due to Covid-19 lockdown. The supply chain has been disrupted, imports are down, and markets are
Putting Workforce Back on Track–Economic Times
In the film, The Two Popes, Cardinal Jorge Bergoglio, the future Pope Francis, recounts a joke: a man asks, ‘Is it all right to smoke
RBI director presses for bold initiatives to revive MSME sector, amid Covid-19 crisis – The Economic Times
NEW DELHI: The government and the Reserve Bank need to come out with a bold and comprehensive package to help small and medium enterprises tide
Reserve Bank of India acts fast; steps welcome | Deccan Herald
The Reserve Bank of India (RBI) acted with alacrity when it announced a slew of measures on Friday to deal with the economic fallout of
Don’t consider lockdown-related loan repayment delays as default: Sebi to credit rating agencies | Deccan Herald
Markets regulator Sebi on Monday asked credit rating agencies not to consider as default any delay in payment of interest or principal loan amount arisen
The lockdown has a strong internal security component. Manage it | Opinion – analysis – Hindustan Times
While some police officials have acted with commendable empathy and compassion in certain cases of citizen distress, the larger pattern of policing since the Covid-19
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