Monday, 17 January, 2022
TopicILFS

Topic: ILFS

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

Manojit Saha -
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

Pradipta Mukherjee -
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

Andy Mukherjee -
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

Andy Mukherjee -
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

Suvashree Ghosh -
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

PTI -
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

Remya Nair -
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

Baiju Kalesh -
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

Aastha Singh -
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

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

Priyanka Gandhi Vadra of Congress, a forerunner of women's question in India | PTI

Be it Congress, BJP, AAP—women’s question in India is a partisan issue. And that’s not so bad

Shruti Kapila -
India's woman question tests party imagination. Congress's focus on Nirbhaya, Unnao rape victim, and BJP's Uniform Civil Code show how.

Was Djokovic a health risk in Australia? What did the country’s govt gain from his deportation

Ambassador Qi Zhenhong presented the Letter of Credence by H.E. Xi Jinping, President of China to H.E. Gotabaya Rajapaksa, Sri Lankan President | Chinese Embassy in Sri Lanka/Twitter

China’s bare-chested turn to Sri-Lankan Tamils is India’s new headache

Economy

India adds to billionaires’ list, even as Covid worsens poverty in country, says Oxfam report

Archana Chaudhary -
According to the global Oxfam Davos report of 2022, India added 40 billionaires to 142 last year during Covid crisis, whose combined fortune is more than the poorest of the population.

Defence

HAL likely to be in fray for Navy’s NUHs after defence ministry junks Coast Guard chopper deal

Snehesh Alex Philip -
Last week, the Defence Acquisition Council scrapped the Coast Guard programme to buy 14 twin-engine helicopters under Buy Global category. Other projects under review now.

National Interest

Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

Shekhar Gupta -
The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.

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