‘Dirty dozen’ accounts for ₹2 lakh cr exposure Big companies in the steel and infrastructure sectors dominate the list of 12 large accounts identified by
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No timeline for identification of additional defaulters: RBI’s S S Mundra–Financial Express–17-06-2017
RBI Deputy Governor S S Mundra today ruled out coming out with next batch of loan defaulters against whom insolvency proceedings will be initiated. The
Not demonetization, here’s what caused the farmers crisis in Maharashtra, Madhya Pradesh–Financial Express–17-06-2017
Talk to anyone in the agriculture/commodities sector, and they will tell you about the typical agriculture price-output cycle. A huge price spike will cause a
Telcos should seek removal of unjustified levies–Economic Times-17-06-2017
Telecom operators have reportedly asked the sector regulator, Trai, to set a floor price for voice and data tariffs to ostensibly tackle competition. This is
Steel ministry pins hopes on spurt in infrastructure spending–Economic Times–16-06-2017
Steel ministry is pinning its hopes on a spurt in infrastructure spending to provide a much needed boost to domestic steel demand. It expects at
Opt for family floater with restoration benefits–Business Standard–16-06-2017
The restoration option doubles the cover if the policyholder exhausts the sum insured. Say, you have health insurance of Rs 10 lakh. You run up
GST regime: Builders must pass on lower rates to buyers, says FinMin–Otherwise, the action would be violation of the anti-profiteering clauseBusiness Standard–16-06-2017
The government on Thursday asked builders to pass on the benefit of lower tax under the goods and services tax (GST) system to buyers by
NPA recovery–A good start–Business Standard–16-06-2017
On Tuesday, the independent advisory committee that the RBI has set up to advise on loan resolution chose 12 large non-performing accounts for resolution under
Where are the jobs?–Business Standard–16-06-2017
The latest evidence of India’s anaemic jobs growth comes from the Manpower Group. In its Employment Outlook Survey for July-September, 2017, the human resource consulting
Current account deficit widens in Q4 to 0.6% y-o-y–Business Standard–16-06-2017
India’s current account deficit (CAD) in the fourth quarter (Q4) widened to $3.4 billion, or 0.6 per cent of gross domestic product (GDP), against $0.3
Propping up the RBI’s credibility–Economic Times–16.06-2017
While considerations of growth would have made a rate cut a positive gesture of accommodation, the Monetary Policy Committee’s (MPC) decision to hold its policy
The only way to push up lending, growth is to draw on political capital–Economic Times–16-06-2017
Finance minister Arun Jaitley did the right thing by making it clear that the government respects the RBI’s decision on policy rates, something that is
Economic data deceive to dispirit–Economic Times–16-06-2017
Consumer prices for May show inflation at the lowest level since 2001, at 2.18%. A good harvest, in combination with the lingering effects of the
All our econometric models which we draw for projecting inflation have gone for a toss: Madan Sabnavis, Chief Economist, CARE Ratings. – The Economic Times–16-06-2017
In an exclusive interview to ET NOW, Madan Sabnavis, Chief Economist, CARE Ratings says that lowering interest rate cannot be a panacea for an economy
Banks take charge to recover bad loans worth Rs 1.5 lakh crore–Economic Times–16-06-2017
Banks are getting into loan recovery overdrive. At least six meetings of joint lenders’ forums have been called next week to finalise the resolution of
India’s gold imports surge 3-fold to $4.95 billion in May – The Economic Times–16-06-2017
Exports grew for the ninth month running in May, but large gold imports ahead of the goods and services tax (GST) rollout from July 1
Inflation targetting: Government has a role in working towards this goal–Financial Express–15-06-2017
With farmers agitating over low prices, and the government needing to make good on its promises to raise their incomes/profits, chances are the government will
Food processing industry is taking off thanks to policy changes–Business Standard–15-06-2017
The food processing industry, which has been languishing for long despite carrying the sunrise sector tag, seems to be finally taking off. It has seen
Focus on the customer, all else is a distraction, says Amazon India head–Business Standard–15-06-2017
Amazon India Head Amit Agarwal. Photo: Sanjay K Sharma Do you see SoftBank and Alibaba coming together to fight Amazon? Our strategy has always been
RBI puts Central Bank of India under ‘corrective action’ as bad loans surge–Business Standard–15-06-2017
The Reserve Bank of India (RBI) has initiated “prompt corrective action” (PCA) for state-run Central Bank of India (CBI) over high bad loans and negative
