A few days ago the Modi government celebrated the second anniversary of its surgical strike against Pakistan. One wishes there were surgical strikes on other equally important
Category: RBI–Banks
NBFCs–Lessons from IL&FS saga | Business Standard Column
The Infrastructure Leasing & Financial Services fiasco holds many lessons for investors, and policymakers as well. The non-banking financial company (NBFC) has always been treated
Insolvency and Bankruptcy Code enmeshed in legal action | Business Standard Column
A dawn of a new era. That is how the Insolvency and Bankruptcy Code recently enacted and worked up was described in news media and even by
Trimming current account deficit: Duty hikes to have marginal impact – The Financial Express
Some experts have called for long-term solutions to address the current account deficit instead of band-aid solutions like targeting “non-essential imports”. The government’s move to
Essar Steel IBC case: SC reserves verdict; timeline of twists and turns in race between ArcelorMittal, Numetal – The Financial Express
One of the top 12 bankrupt companies identified for immediate resolution was Essar Steel. One of the top 12 bankrupt companies identified for immediate resolution
Oil portents: Are we headed for another price shock and economic shake-up? | Business Standard Column
Brent crude was ruling near $120 per barrel when Narendra Modi became prime minister in mid-2014. It fell to a low point of $29 in
Modi government plans more NLCT benches in the next 2-3 months – All you need to know – The Financial Express
Currently, about 9,000 cases are pending before NCLT benches in the country for insolvency and other routine matters. In bid to deal with the rising
FED RATE HIKE–Tightrope walk | Business Standard Editorials
The United States Federal Reserve’s decision to raise policy rates for the third time in 2018 was expected. However, it will mean a perpetuation of
Govt plans 8 special courts under NCLT to deal with rising insolvency cases | Business Standard News
The government plans to set up eight special courts under the National Company Law Tribunal to handle rising number of cases under the insolvency law,
RBI relaxes SLR rules to ease liquidity fears – The Hindu BusinessLine
To help banks overcome any possible liquidity constraints, the Reserve Bank of India on Thursday said they can avail of higher liquidity with effect from
Economists flag fresh concerns over fiscal deficit, growth prospects – The Hindu BusinessLine
Rising global headwinds and a possible revenue shortfall are posing fresh challenges to the Centre’s deficit targets and growth prospects. The upcoming US sanctions on
Raising import duties to lower CAD is a bad idea, says Montek Singh Ahluwalia – The Hindu BusinessLine
Hiking import duties to bring down Current Account Deficit is a bad idea, said the former Deputy Chairman of Planning Commission, Montek Singh Ahluwalia. Speaking
With Fed hiking rates, will RBI follow suit? – The Hindu BusinessLine
The Federal Reserve’s resolve to adhere to aggressive policy rate hike cycle over the next couple of years is likely to create more pressure on
IL&FS in more trouble: 7 defaults in last 15 days; fails to service yet another short-term deposit today – The Financial Express
Major shareholder LIC recently assured that it would not let crisis-hit IL&FS collapse Cash-strapped Infrastructure Leasing and Finance Services (IL&FS) on Thursday defaulted on Rs
RBI cancels meeting with IL&FS shareholders ahead of AGM, next date remains unknown – The Financial Express
IL&FS’s annual general meeting is scheduled for September 29 here. The Reserve Bank of India (RBI) has cancelled the Friday’s meeting with the shareholders of
IL&FS default scare could derail India growth story as banks, lenders pare exposure to NBFCs – The Financial Express
The company’s defaults have highlighted the risk of a sharp growth slowdown in the world’s fastest growing major economy. Manzoor Ahmad lost his job as
IL&FS moves NCLT for direct line with creditors – The Economic Times
Debt-laden IL&FS, the holding company of the infrastructure group, has filed an application with the Mumbai bench of National Company Law Tribunal seeking permission to
Govt fights rupee drop as RBI takes steps to ease liquidity for banks | Business Standard News
India upped the ante in its efforts to restore investor confidence, with the central bank taking measures to ease liquidity for lenders a day after the
Rapid growth of the shadow banking sector may endanger India’s growth story | Business Standard News
IL&FS Manzoor Ahmad lost his job as an electrician and is struggling to make ends meet after a crucial road tunnel project shut down in Srinagar,
How much more can the RBI intervene? | Business Standard Column
The recent debate on the costs and benefits of a falling rupee must have done its bit to reinforce the stereotype of economists as a
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