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?
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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 …