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?
Assam CM can’t celebrate that the Congress drew a blank in the Bodoland Territorial Council polls in 2010 as well as 2015, and bagged only one in 2020.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
In post on social media, Cooper narrated experience of MiG-21 researcher from Germany who wanted to attend aircraft’s farewell ceremony in India, and the roadblocks he faced.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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 …