Com’s nonpayment of dues could drag the debt-laden telco back into insolvency proceedings, thereby nullifying its spectrum sale deal with Jio, and setting back efforts
Category: RBI–Banks
CII suggests 12 ways to control current account deficit, rupee fall – The Economic Times
CII has suggested incentives for foreign currency non-repatriable (FCNR) accounts, NRI bonds and a special dollar window for oil companies The Confederation of Indian Industry
Need to regulate Committee of Creditors: NCLAT Chairperson – The Economic Times-R
Bankruptcy court NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya on Wednesday said there should be rules “to regulate the conduct of the Committee of Creditors (CoC) and its
Beyond firefighting on IL&FS front–Economic Times
The IL&FS crisis is a combination of poor management, possible malfeasance and systemic deficiency. Management has been changed at the board level. Probably, follow-through changes
Why Raghuram Rajan is wrong on credit guarantee trust for MSMEs bringing next set of NPAs – The Financial Express
Mohammad Mustafa Last month, as part of replies submitted to the estimates committee of the Lok Sabha, former RBI Governor Raghuram Rajan had warned about growing contingent liability at
Oil marketing companies can borrow working capital from overseas now – The Financial Express
The domestic currency touched a low of 72.41 against the greenback intra-day before recovering it to close the session at 73.34. The Reserve Bank of
What ails the Indian economy? How India can address its biggest economic problem – The Financial Express
India has made considerable progress in removing unnecessary and inefficient controls on international and domestic trade and investment. In my last column, I argued that
No easy outs | Business Standard Editorials
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) faces two contrasting challenges as it meets for the bi-monthly policy review. The prevailing domestic
Governance failure | Business Standard Editorials
The government’s use of the Companies Act to reform the board of the troubled shadow banker Infrastructure Leasing & Financial Services (IL&FS) has caused some of the
The Venezuela option – The Hindu BusinessLine
India’s oil-for-rice trade model with Iran can be revived and broadbased Faced with firm crude prices and a falling rupee, the Centre needs to act
India’s Q4 gold imports to jump as investors seek safer bets than stocks – The Hindu BusinessLine
India’s gold imports may rise in the fourth quarter as investors seek alternatives to faltering equity markets and a plunging rupee at the same time
Prabhu calls for meeting to discuss trade deficit, rupee volatility – The Hindu BusinessLine
Worried over the rupee depreciation against the US dollar and the growing trade deficit, Commerce and Industry Minister Suresh Prabhu has convened a meeting of
‘IL&FS defaulted due to asset-liability mismatch’ – The Hindu BusinessLine
The government may have taken over the reins of troubled Infrastructure Leasing and Financial Services (IL&FS) and installed a new board, but former directors believe
IL&FS: charismatic leader, complex structures, and a gullible ecosystem – ET Prime–[ Economic Times ]
IL&FS is a great magic trick. A massive illusion till the method is revealed. That’s when it all seems so obvious. So obvious that the
IL&FS crisis: Everything about the IL&FS crisis that has India in panic mode | What is IL&FS?–Economic Times
The defaults by IL&FS have shut it out of the market, leaving it at the mercy of shareholders. As the world marked the 10th anniversary
Refinance and list, not wind up, IL&FS–Economic Times
The government is right to supersede the board of Infrastructure Leasing & Financial Services (IL&FS), given the large size and exposure of insurance, mutual funds
Financial market turmoil | Business Standard Column
The Indian financial markets are in a state of turmoil at the moment, with issuers and investors in both debt and equity under pressure. The
‘Rupee depreciation need not be fought at all times’ – The Hindu BusinessLine
“Generally positive but some headwinds” were the words that Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, used to sum up his impression
Govt raises loan limit for MSMEs to over ₹1 crore – The Hindu BusinessLine
The government has enhanced the loan limit for micro, small and medium entrepreneurs to over ₹1 crore under the Prime Minister Employment Generation programme. Giriraj
Regulatory hurdles slowing down Startup India – The Hindu BusinessLine
Notwithstanding the Narendra Modi government’s ambitious Startup India initiative, there has been a steep decline in the number of new start-ups coming up in the
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