Failure to slash stressed assets, cash crunch in NBFCs, delays in bankruptcy process are adding to challenges faced by banks as they tidy up balance sheets.
Cash squeeze threatens broader fallout, as higher cost of funds is passed on to merchants getting micro loans & property tycoons looking to roll over debt.
Reasons for the squeeze range from farm spending to looming elections, but its roots lie in Modi’s 2016 decision to overnight void 86 percent of currency in circulation?
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
From dat one, literally, there has been an obsession with black money. The SIT for black money was set up as possibly the first executive action. How many trillions it has recovered remains a state secret. However, the repeated answers given to Parliament that the government does not know the quantum of black money suggests the SIT does not even know the terrain where it is supposed to be hunting. Then came Demonetisation, which has broken the vertebrae of the economy. So it is not just about paper reforms like the IBC. It is delusional to believe the economy has crossed the hump for NPAs.
Disaster all around. The economy, human rights, Kashmir, job losses, auto industry, – courtesy the ego of one man.
From dat one, literally, there has been an obsession with black money. The SIT for black money was set up as possibly the first executive action. How many trillions it has recovered remains a state secret. However, the repeated answers given to Parliament that the government does not know the quantum of black money suggests the SIT does not even know the terrain where it is supposed to be hunting. Then came Demonetisation, which has broken the vertebrae of the economy. So it is not just about paper reforms like the IBC. It is delusional to believe the economy has crossed the hump for NPAs.
… day one …