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Friday, May 10, 2024
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Economy

Restrictions on home loans likely to worsen liquidity crunch in real estate sector

The National Housing Bank, India's housing regulator, has restricted certain mortgage-payment plans that developers typically use to push sales.

Foreign investors can help India tide over credit crisis, says JPMorgan’s Kalpana Morparia

JPMorgan India CEO Kalpana Morparia says tweaking bankruptcy rules can help overseas investors relieve India's troubled shadow banking sector.

Viral Acharya leaves RBI as his calls to protect its surplus reserves go unheeded

Deputy Governor Viral Acharya leaves RBI today with a sense of unfinished business on the central bank’s autonomy & the health of lenders.

Sensex crashes by 306 points as HDFC twins & FMCG stocks plummet

Stock markets extended their losses for a third straight day amid weak global trends, sinking the Sensex to an over two-month low.

Foreign sovereign borrowing is dire addiction, warns member of Modi’s economic panel

PMEAC member Rathin Roy says India is facing a silent fiscal crisis, all countries that have opted for overseas debt issuances have paid dearly.

RBI is closely monitoring 50 NBFCs for signs of crisis

RBI is constantly in touch with large lenders, NBFCs including housing finance companies, where it sees some signs of fragility, Das says.

Indian economy is resilient, signs are good – full text of RBI governor Das interview

I would not like to specify how long it (economic slowdown) will last. India is today in a far better place than most of the major economies, Das says.

More interest rate cuts will depend on economic data, RBI governor Shaktikanta Das says

Das says he sees signs of recovery in growth & that RBI’s switch to accommodative stance in June in itself amounts to a 25 basis-point cut.

Most countries don’t know how much they owe China — and it’s a lot

With loans totalling over $700 billion, a new study has found that over half of China’s lending to developing countries is ‘hidden’.

Jet Airways insolvency admin wants ideas to give creditors hope

The grounded carrier, stripped off most of its assets, is seeking new ideas to reassure creditors so they can recover at least some dues.

On Camera

If the Congress were truly a democratic party, Sam Pitroda would be a nobody

It is obscene that a man so detached from India should occupy such a powerful position in a party that governed India for most of its republican history.

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.

Three Indian Navy ships deployed to South China Sea

Deployment comes at a time when Yuan Wang 03, a Chinese missile and satellite tracking vessel, has entered Indian Ocean Region.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.