Wednesday, 22 May, 2019
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SEBI Bhavan

SEBI’s new focus on rating agencies is the first step towards bond market reform

The IL&FS crisis laid bare the problems facing India’s bond markets. Now, there is a need to build deep and liquid markets via regulatory reform.

NBFCs are feeling the sting as mutual funds cut debt exposure

Mutual fund investments in commercial paper & bonds that mature within 90 days dropped to Rs 3.24 trillion at end of March, the lowest in 6 quarters.

King of Indian bond sales warns of biggest crisis since Lehman

Axis Bank's Shashikant Rathi says the bond market is in 'complete chaos' since the shock defaults last year by IL&FS.
Pedestrians and shoppers walk past stores on a street in Varanasi (representational image)

In IL&FS crisis season, why you should be worried if your PF money is with exempt trust

Exempted firms not overseen by EPFO have adopted govt guidelines that pertain to investments but there is no one to monitor if these are followed
The Reserve Bank of India (RBI) logo is displayed on a gate at the central bank's headquarters in Mumbai

Failing to challenge NCLAT’s loan classification can further damage RBI’s credibility

The National Company Law Appellate Tribunal ordered that no lender can declare its exposure to embattled IL&FS Group as non-performing without its permission.
Graphic by Arindam Mukherjee | ThePrint

Foreign players are taking the place of Indian entrepreneurs biting the dust

Suzuki has half the car market, the Chinese have mobile phones, the Koreans consumer durables and Etihad may run Jet. Where would we be without foreign players?
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

ED conducts multiple raids in connection to IL&FS payment default case

IL&FS has defaulted on payment of loans to SIDBI and along with its subsidiaries has a combined debt of over Rs 91,000 crore.
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

IL&FS crisis threatens savings of employees in wayward pension trusts

Several pension trusts invested in IL&FS because it was considered ‘safe’. So far, the losses are unclear as 200 trusts haven’t filed their returns to EPFO.
IL&FS building in Mumbai | Abhijit Bhatlekar/Bloomberg News

There was major failure by rating agencies in IL&FS crisis, Parliamentary panel says

Panel questions highest rating to debt instruments of IL&FS group even when the company was highly leveraged and at the brink of default.
Queues outside an ATM after demonetisation was announced

It’s time policy makers acknowledge the real problem facing India’s shadow banks

The collapse of the highly rated infrastructure operator-financier IL&FS Group exposed the fault lines under Indian shadow banks’ impressive credit edifice.

On Camera

Dead men talking

Reporting on Lanka's blood-soaked years, I watched names disappear from my notebook.
crash

Budgam friendly fire: Should charge of culpable homicide be on the table in the fog of war?

A senior IAF officer and 3 other personnel could be booked for “culpable homicide not amounting to murder” in the February Mi-17 helicopter downing.

Defence

File photo of commander-in-Chief of Andaman and Nicobar Command Vice Admiral Vimal Verma | By special arrangement

Bimal Verma files petition against KB Singh’s appointment as next Navy chief

He filed a petition in the Armed Forces Tribunal and contended that it should call for the service records of both him and Vice Admiral KB Singh and compare them.
Prime Minister Narendra Modi in Varanasi in 2014 | Commons

Pracharak Modi: The mask you see, is the man you get

India has its first leader who is unapologetic about belonging to the social and political Right. This is how Shekhar Gupta foresaw Modi’s five years in this National Interest within three months of his victory in 2014.