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Friday, May 10, 2024
TopicRBI

Topic: RBI

This is how IL&FS has planned to rescue itself

Rescuing IL&FS, which has a total debt of $12.6 billion, is vital to stem the risk of default spreading to other lenders.

RBI & Modi govt come together to fight falling rupee & cash crunch at the same time

RBI has allowed banks to dip further into statutory liquidity reserves to help them meet their liquidity coverage ratio needs after Modi govt raised custom duties.

Indian economy is better off than in the dark days of 2013

Here are some indicators to show why the Indian economy is better off than in 2013 when it bore much of the brunt of the ‘taper tantrum’.

Indian regulators need to stop the IL&FS rot from spreading

RBI & SEBI need to urgently offer an emergency bailout to IL&FS before it does more harm to the rest of the market.

India’s software exports are not the answer to the rising oil bill

Attention has to be focused on the relative stagnation in merchandise exports over the medium term.

RBI wields the stick on bad loans by rejecting Yes Bank’s Rana Kapoor

Rana Kapoor’s removal illustrates just how far RBI is preparing to go to root out a system-wide legacy of shoddy lending.

Oh Yes Bank, you lost your CEO – for the greater good

After acting against Rana Kapoor, RBI will be forever held to a high standard and any compromises would damage its credibility.    

IMF estimates rupee’s depreciation to be only 6-7%

The world body warned that the rupee depreciation would jack up the prices of imported goods such as oil and petroleum products.

Modi govt keeps plan B ready to support rupee but in no hurry to implement it

Government is looking at raising funds through NRI bonds if rupee slides further but will junk idea if situation stabilises

After April high, India’s forex reserves fall below $400 billion mark

Drop being attributed to RBI's efforts to arrest rupee fall but experts say no reason to panic for now.

On Camera

Day after mass sick leave by employees, Air India Express fires crew members, cancels 85 more flights

About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.

Three Indian Navy ships deployed to South China Sea

Deployment comes at a time when Yuan Wang 03, a Chinese missile and satellite tracking vessel, has entered Indian Ocean Region.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.