Thursday, 7 July, 2022
TopicILFS

Topic: ILFS

Why Yes Bank, IL&FS, DHFL cases can become a headache for India’s next FATF assessment

India is likely to go through its FATF country assessment early next year. Some issues could prove a sticking point, including demonetisation and crackdown on shell firms.

Srei quits infrastructure funding blaming ‘socialist’ India, says it’s govt’s job

Srei will focus solely on financing purchases & leasing of equipment. Govt should fund infrastructure as India is a socialist economy, it says.

It’s not inflation but economic stagnation that poses a bigger worry for India

Risk of economic stagnation combined with high inflation has risen, though former remains the dominant force. RBI shouldn’t get nervous and worsen it.

Dewan case is a big test for India’s bankruptcy law and NBFC crisis

Bankruptcy law is set up for non-financial firms. Using it to put a financier like Dewan out of its misery has some advantages but many shortcomings.

S&P warns of increased contagion risk in India’s financial sector

S&P said if an Indian bank got into trouble, the contagion could spread to other banks “perceived to be struggling” with the same problems as failing banks.

Raj Thackeray, Manohar Joshi’s son summoned by ED in connection with IL&FS probe

Raj Thackeray & Unmesh Joshi jointly bid for assets in a company called Kohinoor CTNL, after creating a consortium but later the MNS chief quit.

Credit guarantee to banks, more powers to RBI as Modi govt moves to nip NBFC crisis in bud

In her first Budget, Nirmala Sitharaman nudges state-run banks to purchase assets of non-banking finance firms to help tide over liquidity crisis.

Troubled lender Dewan seeks $217 million in fresh loans a month

Dewan Housing has about Rs 800 billion of obligations and will submit the resolution plan on 10 July to a consortium of lenders led by state-run UBI.

Mehmal Sarfraz on an ‘arresting week’ in Pakistan & Shailaja Chandra on the role of IAS officers

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

Company directors will have to clear appointment exams as Modi cracks down on corruption

Modi govt is working on overhauling India’s corporate governance system after a series of frauds in its first term.

On Camera

YourTurn

Mahendra Singh Dhoni sporting an Army insignia on his glove during the India-South Africa

MS Dhoni is the rainbow of Indian cricket, a cult figure who inspires youth across nation

Mahendra Singh Dhoni’s honest self-assessment always put the interests of Indian cricket ahead of any desire to build a ‘legacy’ for himself.
Illustration by Soham Sen

Keep calm and carry on: Unlike wheat, rice isn’t hot yet

The world is worried that India might restrict exports of rice after wheat, pushing prices higher and worsening global food security.

Defence

Nepali Gorkhas to be recruited in Indian Army through Agnipath scheme, here is how

Similar to terms for Indian soldiers, the Nepalis would be inducted for 4 years, after which only 25 per cent would be retained.

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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