Topic: Debt
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.
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.
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.
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.
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.
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.
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.
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.
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.
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’.
Defence
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.
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.