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Illustration: Soham Sen | ThePrint

Modi govt is embracing some discarded Congress policies. But they won’t work even now

Policies like deficit monetisation, loan restructuring, higher tariffs and import licencing have been brought back to combat the economic fallout of Covid-19.
HDFC

HDFC Bank has been delaying sharing its loans details, credit bureau complains to RBI

Experian Plc told RBI in July that HDFC Bank has been late in providing details of its loans, including repayment status of millions of retail borrowers.
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

RBI turns cautious amid inflation, keeps interest rate unchanged at 4%

RBI expects headline inflation to remain elevated in the second quarter of 2020-21. It also sees real GDP shrinking in the first half as well as the full year.
RBI logo | ANI Photos

For economists, inflation makes another rate cut by RBI tomorrow too close to call

Of the 42 economists surveyed by Bloomberg, 21 expect a 25 basis-point rate cut Thursday, one projects a 50-point move and the rest see no change.
HDFC Ltd chairman Deepak Parekh

Why loan restructuring is any day better than a moratorium — HDFC’s Deepak Parekh explains

Deepak Parekh says at ThePrint’s ‘Off The Cuff’ that by giving a loan moratorium, the RBI is creating a problem for later on.
video

Off The Cuff with Deepak Parekh

Deepak Parekh, Chairman of HDFC Ltd, India's largest housing finance company, was the guest at ThePrint's Off the Cuff. In a conversation with Editor-in-Chief Shekhar Gupta, Parekh talks about the stressed financial system and how the sector could see consolidation in the coming months. He was also optimistic about demand recovery in the coming months and advocated aggressive asset monetization and disinvestment to create fiscal space. Parekh also cautioned against blindly printing money. Parekh said builders should look to provide discounts and clear their housing inventory in the coming months.
HDFC chairman Deepak Parekh | Photo: Flickr

Indian economy will be booming by next August, worst behind us — HDFC chairman Deepak Parekh

At ThePrint's Off the Cuff, HDFC chairman Deepak Parekh said govt should reduce stakes in state-owned banks to 51% and pursue aggressive asset monetisation & privatisation.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Allow us to restructure loans but no need for blanket recast, banks tell RBI

The Indian Banks’ Association has written to RBI, saying debt recast needs to be completed by September to prevent fresh bad loan creation.

Why RBI Governor Shaktikanta Das is not likely to risk another rate cut this week

CPI-based inflation has remained over 6% for last 2 quarters. With NPAs also expected to rise significantly, RBI could focus on financial stability this time.
(Photo for Representation)

Financial bailouts must be for struggling businesses to preserve jobs, not repay old debts

The Indian govt & the RBI launched many schemes to ensure availability of credit during Covid, but financial institutions are still cautious about new lending.

On Camera

UP chief minister Yogi Adityanath | ANI

Yogi Adityanath is the ‘best chief minister in India,’ only not in Uttar Pradesh

India Today’s ‘Mood of the Nation’ survey overplays Yogi Adityanath’s ratings in an all-India survey, and downplays the lacklustre ratings he gets within Uttar Pradesh.
A storage tank containing liquid gas stands at the Natural Gas Liquids (NGL) facility in Saudi Aramco's Shaybah oilfield in the Rub' Al-Khali desert. | Photographer: Simon Dawson | Bloomberg

Saudi Aramco remains interested in investing $15 billion in Reliance Industries

A deal with Reliance would help Saudi Aramco, the world’s biggest crude exporter, join the ranks of the top oil refiners and chemical makers.

Defence

A Heron 1 UAV in flight. The 14 corps is looking at procuring at least 10 to 15 long-range Heron UAVs | Representational image | Commons

UAVs, high speed boats, All Terrain Vehicles — what Army’s Ladakh corps wants amid LAC row

The corps, which takes care of the northern part of the LoC with Pakistan besides the LAC, has also sought for Israeli Spike Anti-Tank Guided Missiles & long-range surveillance cameras.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.