An underestimated growth projection could give Modi govt more spending room, while initiatives to improve NPA recovery could prove crucial for India's financial sector.
RBI had earlier allowed lending institutions to grant a moratorium on payment of loan instalments falling due between 1 March 1 to 3 May, later it was extended till 31 August.
Supreme Court gives Modi govt over 2 more weeks to decide on waiver of interest for moratorium period after considering interest of all classes of creditors & all sectors of economy.
RBI has accepted bankers’ demand for one-time loan restructuring instead of extending the moratorium as a way of countering the impact of the Covid-19 pandemic.
In an address to the CII, Das stressed the need for alternative sources of infra financing, and pushed for early completion of FTAs with US, UK and EU.
In a blog, ex-finance secretary Subhash Chandra Garg said 80% of bank lending was to non-essential sectors that have completely stopped functioning in the lockdown.
In Bad Money, Vivek Kaul writes how public sector banks refrained from recognising bad loans because that meant setting aside money to meet these losses.
Bringing back the Financial Resolution and Deposit Insurance Bill could be a very important reform in laying the foundations of a stronger financial system.
Across the varied reading of the NSS in Chinese media, one thread recurs: The more Trump leans toward isolationism, the more volatile the global order is likely to become.
Clean energy is “no longer the sideshow, it is the show”, BVR Subrahmanyam told the Odisha summit, warning India to lead the global shift or risk others’ tech dominance.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
Indians have been waiting for ache din since 2014. Minimum government, maximum governance. 5 trillion economy. A tomorrow that never arrives. You can count on Indians to forget yesterday’s dream and move to the next.
Indians have been waiting for ache din since 2014. Minimum government, maximum governance. 5 trillion economy. A tomorrow that never arrives. You can count on Indians to forget yesterday’s dream and move to the next.