Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
The NPA of the public sector banks rose to 6.03% as of June 2015.
The time-bound nature of the bankruptcy code, envisaging resolution within 180 to 270 days, would put enormous pressure on the existing judicial infrastructure.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
Infrastructure, stricter implementation boost commercial vehicle sales
Despite the 6-month high, trade deficit has widened to a four-month high of $14.62 billion, as imports rose by 14.85 per cent during the month, reports Subhayan Chakraborty.
For banks, the package will limit the burden of provisioning for stressed loans. Besides, the proposed restructuring package for MSMEs with a credit of up to Rs 25 crore is expected to provide a breather to units from this sector.
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.
Issues like high insurance cost and the announced price hike effective January could also weigh on sales in 2019. The only bright spot is the softening seen in fuel prices over the past month.
The GDP has been estimated at Rs 126.54 lakh-crore (Rs 126.54 trillion).
Instead of a rate hike, or even a pause, there could be a window for the RBI for an interest rate cut
The RBI has targeted consumer price inflation at 6 per cent by January and 4 per cent by March 2018.
There are chances of taps running dry and prices of fruits and vegetables spiking.
Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.
RBI, govt steps to help banks end NPA woes by Mar'17: Rajan
Once Bhushan Steel is into its fold, Tata Steel will increase its capacity from 12.7 million tonnes per annum (mtpa) to 18.3 mtpa
India's crony capitalists will have had their day in the sun.
Imports rise at highest pace in more than 2 years as crude oil price spikes.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Hardening prices of manufactured items during the month may refrain the Reserve Bank of India from cutting rates in its policy review on February 8.
The thrust will be on improving connectivity in economic corridors and remote and border areas with a view to hike trade and enable faster movement of cargo.
The move will have cascading effects for lot of related sectors
RBI will make a presentation on January 24 before the panel on the state of NPAs and stressed loans.
The deficit for the first five months of the year stood at 96 per cent of the full-year target of Rs 5.46 lakh crore despite cut in capital expenditure in August.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
Private lenders have also been expanding their branch and automate teller machine networks aggressively.
India's economic growth accelerates to 7.4% in Sept quarter
About Rs 2,000 crore of realty money has flown into stocks in the National Capital Region in the months after demonetisation.
'What is critical today in India is confidence of depositors.' 'If you have these kinds of problems spreading like this, the confidence level of a lot of people in the system gets shaken.'
Punjab National Bank has the largest share.
The limit of indebtedness comes down to Rs 15,000 crore from 2018-19, and then Rs 10,000 crore from April 2019 onwards
Experts said the higher pay out will boost consumption demand.
Of the 170 million rural households in the country, a government website claims to have connected 82 per cent of them. The metered households are 50 per cent of the total. As on February, 2018, of the 780,000 villages to be intensively electrified or provide connection to all in households, 493,000 have been covered. However, the amount and quality of the power supply cannot be ascertained from this data. No clause in any of the rural electrification programmes promises 24 hours' power supply.
Aided by the new initiatives of the government, there has been a huge drop in imports
Mumbai Monorail was to be built in two phases - Phase I of 8.93 km and Phase II of 11.20 km. The first phase ran operations for around three years before services were abruptly halted, owing to a fire incident last year. The second phase now stands completed, but is lying closed.
The services sector, which plays the biggest role in shaping the economy, is facing loads of issues currently. The largest segments, financial and real estate, are struggling to cope with bad debts and low demand for houses.
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
Bad debt rules are steps in right direction.
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