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,
SC delivers a welcome judgment; Aadhaar cannot be an instrument of coercion | Business Standard Editorials
The Supreme Court delivered its decision on the constitutionality of the Aadhaar unique identification system on Wednesday, in one of the most anticipated judgments of recent years. Since it was
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
Rupee @75-plus: Turbulence ahead | Business Standard Column
With the US Federal Reserve raising rates, and the oil prices rising above $80 barrel after the recent OPEC meeting, there will be further pressure on the Rupee. That
Time to wake up? CAD and rupee are to remain stressed until the 2019 polls | Business Standard Column
Any criticism (even minor) of the government’s economic management elicits a stock response: we have the fastest-growing economy, strong macro fundamentals and are in a
Aadhaar: The spirit of the dissent may outlast the verdict of the court | Business Standard News
Benjamin Franklin who helped father the American Constitution wrote – “Those who would give up essential Liberty, to purchase a little temporary safety, deserve neither
Fed hikes again. Should RBI follow? – 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
NPA mess: Bankers seek Govt help to speed up debt recovery process – NEWS – The Hindu BusinessLine
Public sector banks’ (PSB) chief executives on Tuesday sought government intervention to speed up the debt recovery process, including faster approvals from District Magistrates, to
View: Falling, not rising, cronyism is the main cause of NPAs – The Economic Times
Rajan says he sent a list of prominent bank fraud cases to the PMO, but heard nothing more about it. Former RBI chief Raghuram Rajan has dissected the banking
Finance minister hits out at Rajan for MSME banking crisis statement – The Economic Times
“I think for anyone to do postmortem is easier than action when it was required,” Jaitley said when asked to comment on Rajan’s view about
Step in, Government, and force IL&FS to list–Economic Times
Infrastructure Leasing & Financial Services (IL&FS) has fashioned its own rescue, and the rescue plan might well work out. But it is too large an
What’s after WTO? Global trade wars won’t end soon, India will need to adjust and adapt–Times of India
The trade war between US and China has escalated over the last few days in a series of retaliatory tariffs. Chances of resolution are ebbing
IL&FS | NCLT: Sidbi may take IL&FS to National Company Law Tribunal–Economic Times
The Small Industries Development Bank of India (Sidbi) may file a case in the National Company Law Tribunal (NCLT) against debt-laden Infrastructure Leasing & Financial Services Ltd (IL&FS) for
NPAs: Whopping Rs 1.8 lakh crore debt recovery expected in FY19 from IBC and non-IBC route, says FM Jaitley – The Financial Express
The Narendra Modi government on Tuesday said that the debt recovery in the financial year 2018-19 is expected to be Rs 1.8 lakh crore from both Insolvency
Time to restore ethics in banking, says former Union finance secretary Ashok Lavasa – The Financial Express
It is time for the banking sector in India to re-introduce ethics in banking, election commissioner and former Union finance secretary Ashok Lavasa has said.
Videocon goes to bankruptcy! Bids invited for Venugopal Dhoot’s company under IBC – The Financial Express
Once a household name and successful brand, Videocon Industries is going into bankruptcy for defaulting on debt worth Rs 20,000 crore. Venugopal Dhoot’s Videocon, which has
Govt to consider PSBs’ demand on relaxing PCA framework for banking system | Business Standard News
The Union government on Tuesday said it will consider demands from public sector banks (PSB) to approach the Reserve Bank of India (RBI) on relaxing the Prompt Corrective
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