Subsidised credit from the government and the RBI has not proved to be a sustainable source in the past. Moreover, the bond market in India is still awaiting reforms.
Inflation has been consistently over 6% over the last few months on account of rising food prices and supply constraints. It touched a 77-month high of 7.6% in Oct.
The US treasury has placed India under the currency manipulator watchlist. It says India intervened in the FX market in a sustained, asymmetric manner.
The IFSC regulator has approved banking regulations for IBUs. It has allowed resident Indians, with a net worth of not less than $1 million, to invest in IBUs.
The Finance Minister said the current reflation is sustainable and consistent GST collections for two months and industry expansion plans indicate additional demand in the economy
RBI restricted HDFC Bank from launching new digital banking activities and issuing credit cards. Governor Das says IWG proposal on corporates in banking independent of RBI.
Two questions are pertinent: Why does the Trump administration keep making the same mistakes on the peace proposal? And what does a hurried peace plan mean on the ground?
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
Finance Minister announced a plan for the setting up of a Development Finance Institution (DFI) to mobilise funds amounting to ₹111cr (151.5bn). DFIs have been around since IFCI in 1948 to offer long-term financing to the industrial and infrastructural sector. Once wielders of exclusive powers as providers of finance, their role has declined.
Since the liberalisation of the 90s and growing burden of NPAs, the Narasimham Committee Report had recommended that DFIs ought to be converted to a bank or NBFC. DFIs are vulnerable to governmental support and the dispensation’s electoral obligation.
The Union Budget proposes a statutory sanction to the DFI and even a guaranteed paid-up capital of ₹10,000cr ($1.3bn). What may seem like a last-ditch effort to re-instrumentalise liquidity in the development market will need a low-cost low-tail source of funding. In any case, the potential remains.
If insurance and pension funds are deployed in infrastructure projects, would it not be a risk for people who are in the evening of their lives, if these projects tank, and money gets stuck in half done projects? Our infra projects are very costly on account of corruption, and fudging of costs to allow bribes at every level.
The idea is good. But because of the corrupted bank officials the entire system will be failed. In addtion to providing finance, based on market survey before garnting finance, the instution should also arrange for marketing the productes in internal and internatinal market at reasonable/ profiable price. If it was arranged there is no cause for NPA. For this the financial institution should use the services of agri specialist, economic advisors, statistic , marketing specialist. If it was done India will become supre power within 2025 under leader ship of Modiji.
DFInitely, maybe!
Finance Minister announced a plan for the setting up of a Development Finance Institution (DFI) to mobilise funds amounting to ₹111cr (151.5bn). DFIs have been around since IFCI in 1948 to offer long-term financing to the industrial and infrastructural sector. Once wielders of exclusive powers as providers of finance, their role has declined.
Since the liberalisation of the 90s and growing burden of NPAs, the Narasimham Committee Report had recommended that DFIs ought to be converted to a bank or NBFC. DFIs are vulnerable to governmental support and the dispensation’s electoral obligation.
The Union Budget proposes a statutory sanction to the DFI and even a guaranteed paid-up capital of ₹10,000cr ($1.3bn). What may seem like a last-ditch effort to re-instrumentalise liquidity in the development market will need a low-cost low-tail source of funding. In any case, the potential remains.
If insurance and pension funds are deployed in infrastructure projects, would it not be a risk for people who are in the evening of their lives, if these projects tank, and money gets stuck in half done projects? Our infra projects are very costly on account of corruption, and fudging of costs to allow bribes at every level.
The idea is good. But because of the corrupted bank officials the entire system will be failed. In addtion to providing finance, based on market survey before garnting finance, the instution should also arrange for marketing the productes in internal and internatinal market at reasonable/ profiable price. If it was arranged there is no cause for NPA. For this the financial institution should use the services of agri specialist, economic advisors, statistic , marketing specialist. If it was done India will become supre power within 2025 under leader ship of Modiji.