Ratings are based on the overall exposure to default risk, with regard to timely receipt of payments from the investments the scheme has made.
'Investors need to understand that these schemes may not do well in the market that is in a bull run, but quality stocks would protect the downside.'
The April 2 Supreme Court order quashing the February 12, 2018 RBI circular (which ended all debt recast plans even on a one-day default) put paid to the resolution plan as banks were left with no leeway to restructure the loan and pay the promised Rs 1,500 crore interim funds.
M&M will close down GenZe, an e-scooter business in California, because it is unlikely it would stand on its own feet, and is ahead of its time.
Corporate indebtedness is now twice what it was before the global financial crisis; banks' bad loans ratio is 3.5 times higher.
Is the latest mobile or car or a house the goal? If so, the savings and investments should be aimed at catering to it. The amount needed has to be worked out, and money needs to be saved, accordingly, suggests Sarbajeet K Sen.
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
Every financial plan needs to be tweaked periodically.
With projects worth Rs 1,28,000-cr, the group hopes to become one of the country's biggest industrial houses.
On April 25 2015, a massive earthquake in Ghorka, Nepal, followed by another devastating one on May 12, killed nearly 9,000 people and injured over 21,000. More than 600,000 homes were damaged or destroyed. Two years later, the paved alleys are still lined by the skeletons of homes once filled with families. Children carefully side-step piles of broken brick on their way to school. According to data available, barely 5 per cent of the destroyed houses have been rebuilt, according to the National Reconstruction Authority. That 800,000 families still do not have their houses rebuilt is simply a disaster.
'Fiscal purists would quarrel with the idea of selling assets to pay for current expenditure -- such as the payout to farmers and the health insurance programme -- for the obvious reason that the process cannot go on forever.' 'At some point, the list of assets available for sale will run out,' notes T N Ninan.consultations -- something already aired in connection with the lease of airports to the Adani group, says T N Ninan.
Goenka, who is the elder son of Essel group promoter and Zee chairman Subhash Chandra, has been MD of the media firm since January 1, 2010.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
Customers need to weigh whether they will be better off selling their mutual fund holdings or taking a loan against it.
'We have petitioned the district collector and MEA to put pressure on the Saudis for compensation, but nothing has happened.' A Ganesh Nadar reports on the family's plight.
A total of 4,452 cases have been disposed at pre-admission stage and 66 have been resolved after adjudication. 260 cases have been ordered for liquidation.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.
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