While they have restructured loans, there is still question mark over the success of such a work-out
Some may lose competitiveness due to higher compliance costs
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
This amount is just about 10% of the previous IDS
This can mean companies like Apple, Zara can sell in India through wholly-owned subsidiaries
'He is positive and likes to get work done,' is how a retired bureaucrat described him. 'I assume he will push the reform agenda with strength.'
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
Government looking at cushioning slowdown due to demonetisation with sops and higher outlay for micro, small and medium enterprises, agriculture, and affordable housing.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
At a time when major economies have increased spending, India will have to do the same.
Unlike the Advance Estimates which missed the impact of demonetisation, CEA's survey is likely to have a better take on Indian economy.
PM's announcement were focused on those most affected by the note ban.
Eco affairs secretary says double counting possible; cash availability to improve in three weeks.
Cash withdrawal limits likely to continue
The FRBM report, to be submitted on Tuesday, is likely to have 'excuse clauses', absolving the government of meeting its fiscal commitments under certain conditions such as war or conflict, global economic meltdowns or natural disasters.
Reports from Ludhiana, Coimbatore, Moradabad, Tirupur, Indore, Surat, Delhi, Mumbai, Kolkata, Chennai and Hyderabad, suggest the impact of demonetisation is worsening.
A task force will speed up the recalibration of 200,000 ATMs so these can dispense the new Rs 2,000 notes.
The focus is likely to be on consolidation and improvement of existing rural-centric programmes to ensure their completion ahead of the next general elections in 2019, rather than announcement of new schemes. Sanjeeb Mukherjee and Arup Roychoudhury report.
Government hits back, tells rating agency to introspect on processes.
The government has managed Rs 21,000 crore through stake sales and buybacks in the first six months, the highest-ever first half divestment revenue for any year by a good margin, raising expectations for the rest of FY17.
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