India’s financial system stands at an inflexion point. The expansion has created opportunities, but financial deepening cannot be sustained unless consumers are protected.
ED claims to have busted racket of illegal diversion of public funds after the tech firm raised Rs 36.6 cr in IPO in 2022. Probe stems from FIRs against promoter Harshavardhan Sabale.
In latest sign of its growing financial troubles, cash-strapped Punjab govt has requested Centre to increase its borrowing limit for this financial year above the sanctioned limit.
Speaking after 27th meeting of Financial Stability and Development Council, Ajay Seth said easing of KYC norms and dealing with financial crises early were among the issues discussed.
Punjab's finances the biggest challenge facing the AAP govt about to table its first budget. ‘Increasing revenue without imposing new taxes’ priority, says finance minister Cheema.
Depressed and ailing, three women in Delhi's Vasant Vihar area were found dead in a house with windows covered in plastic and four suicide notes detailing their financial troubles.
Since Evergrande nearly defaulted on its debt, China is taking a close look at rules governing residential real estate. Local govts now want more say in how escrow accounts are used.
The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold.
The World Bank said India is particularly vulnerable to sovereign debt and funding risks, especially after the Covid pandemic shuttered businesses and left millions jobless.
India’s financial system stands at an inflexion point. The expansion has created opportunities, but financial deepening cannot be sustained unless consumers are protected.
Govt says shipping services from East of Hormuz & Red Sea have nearly doubled since start of conflict. Despite PM's call for more use of public transport, no major change in petrol & diesel usage.
Defence Minister Rajnath Singh and Australian counterpart Richard Marles agreed to further maritime domain awareness activities both undersea and through patrol aircraft.
An oil shock, monsoon fears, rampant unemployment, and the seeming inevitability of inflation are common to both eras. Indira Gandhi’s self-destructive responses are instructive today.
COMMENTS