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The Reserve Bank of India (RBI) logo is displayed on a gate at the central bank's headquarters in Mumbai, India

India’s crony capitalism claims another victim — the RBI

There has been a gradual weakening of the RBI, which is a great shame since in the brief time it got to play bad cop, the central bank did some good police work.

No relief for investors after RBI is seen curtailing its support for the bond market

RBI may buy Rs 1.7 trillion of debt in the year starting April 1, compared with an estimated record Rs 3 trillion spent on such purchases this fiscal period.
A vendor sits at a fruit stall at Crawford Market in Mumbai (Representational image)

Modi govt plans to borrow Rs 6.4 trillion for next financial year

Investors have turned skittish about the health of India’s finances amid signs that the government is ready to sacrifice fiscal discipline.
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

India’s Lehman has put genie of mistrust out of the bottle again

The collapse of IL&FS has put a question mark on India’s model of infrastructure financing.
Commuters and pedestrians walk past the Chhatrapati Shivaji Terminus railway station in Mumbai (Representational image)

Overseas investors sell India’s govt bonds, but still have faith in corporate debt

Investors sold Rs 33.5 billion of government debt this year.
A farmer in Sirsa, Haryana | Prashanth Vishwanathan/Bloomberg

Heavy debts alone are not driving farmers to suicide

Instead of loan waivers, policy makers need to peel through the layers to figure out what farmers really need.
Managing Director of IMF Christine Lagarde

Forget a synchronised pickup in global economic growth

Trade tensions, geopolitical concerns, policy uncertainty, high debt levels, financial vulnerabilities & limited policy space are hurting outlook.

IL&FS effect slams brakes on runaway growth of non-bank finance companies

RBI is looking at strengthening guidelines for non-bank lenders to avoid rollover risks after the IL&FS defaults.
An Essar Steel factory in Surat, Gujarat

SC allows ArcelorMittal & NuMetal to bid for Essar provided they clear their dues in 2 weeks

The top court held both firms ineligible under amended Insolvency and Bankruptcy Code but granted them a fresh opportunity.
File image of finance minister Arun Jaitley

The untold story behind Modi government’s shock takeover of IL&FS

The Modi govt had been monitoring IL&FS for two weeks and decision to oust its board was taken by finance minister Arun Jaitley.

On Camera

PM Narendra Modi and BJP president Amit Shah

Is RSS wary of Modi-Shah? A quiet ‘support’ to Raj Thackeray in Maharashtra signals so

BJP emerging as single-largest party in 2019 won’t be enough for Modi because many, including some in RSS, see a ‘threat’ in his return.
CJI Gogoi

Is Supreme Court handling sexual harassment allegation against CJI Ranjan Gogoi correctly?

Two advocates Monday wrote to the Bar Council of India criticising it for its support to CJI Ranjan Gogoi and called the hearing a ‘travesty of justice’.


Indian Coast Guard

Indian Coast Guard increases maritime surveillance following Sri Lanka blasts

More ships and aircraft have been deployed to ensure India faces no security threat after a series of blasts killed 290 in Colombo, a Coast Guard official said.
Graphic by Soham Sen | ThePrint

Modi & Shah have turned India into ‘Jingostan’ & are out to conquer the paranoid country

The Modi-Shah BJP has resurrected dangers & the enemy from the past, and built a scary jingoism. It’s a great diversionary tactic, but it never ends well.