According to bankers, total debt recast will be around Rs 3 lakh crore. Shapoorji Pallonji, Future groups among firms to receive nod for recast, but may ultimately not need it.
Even ardent defenders of central bank independence acknowledge that by scooping up truckloads of sovereign debt, they influence how much governments can spend.
The US treasury has placed India under the currency manipulator watchlist. It says India intervened in the FX market in a sustained, asymmetric manner.
PMC Bank, put under restrictions in September 2019, had invited expressions of interest in November, and 4 entities — financial sector players and corporates — have come forward.
The 6-member Monetary Policy Committee is forecast to hold benchmark repurchase rate at 4% Friday, according to all 30 economists surveyed by Bloomberg.
In episode 628 of #CutTheClutter, ThePrint’s Editor-in-Chief Shekhar Gupta dissects RBI’s latest proposal to allow Indian corporates into the banking sector.
Recent bank failures show that concerns about RBI’s supervisory capacity are relevant. A common feature was RBI allowing problem of bad loans to linger.
Becoming banks would give NBFCs access to low-cost deposits. But even after IL&FS crisis led to rising borrowing costs, no company applied for a bank licence.
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.
Their CFOs sat and drafted the policy anyways, so you and me were not the intended beneficiaries. The Big Money has it and gets as much more as they want at the cost of the whole of the rest of the country.
Their CFOs sat and drafted the policy anyways, so you and me were not the intended beneficiaries. The Big Money has it and gets as much more as they want at the cost of the whole of the rest of the country.