The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
IFC will act as a transaction advisor for the projects to be developed in the public-private partnership mode.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
The government has made it much harder for tycoons to get special dispensations from Delhi
Centre releases Rs1,712cr to TN, Rs 1,234cr to Karnataka for drought.
The Rs 1.10 lakh crore train project between Ahmedabad and Mumbai is expected to be completed by 2022. The train would cover the distance of over 500 km in around two hours.
Dubai, Singapore, London are the top overseas markets for Indians
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
'Since the growth is not fast enough to provide jobs for the young, the fallout will be political and social,' warns T N Ninan.
Maybe Modi could ask a patriarch of the stature of the late G D Birla to flesh out the details of a new company to manage government land privatisation.
Equity debt, gold - these all are terms you may have heard of when reading on funds but not quite sure where to start with or which one most suits your needs.
Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.
'Space out when raising funds; Sebi mulls securitisation platform'
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
An interplay of Modi government's outreach in Bihar and the sequence of events in Chirag Paswan's life could make Bihar a game of musical chairs when the results are out.
'If they add a small paragraph that no purchase will be allowed below the MSP, they have a winner on their hands'
Experts say lending rates won't come down significantly,as banks are grappling with NPAs
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
Addressing the party workers and people of Bihar through a virtual rally, he attacked the opposition Rashtriya Janata Dal saying the growth rate of the state was just 3.9 per cent when the party was in power, but it rose to 11.3 per cent under the NDA.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The oil crisis could not have come at a worse time for the Modi government as its tax collection has fallen short of its 2020-2021 target by Rs 5.2 lakh crore.
Canara Bank has offered to help China recover its huge non-performing assets in the banking sector.\n
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
'We can only hope that the government has finally 'got it' and will stay focused on improving productivity, demand, and governance,' says Debashis Basu.
'There is lack of demand because people have no jobs, and no income.' 'Lakhs of people have lost their jobs and they have no income which has led to no demand in the market.'
If Modi's truly a reformer and a believer in minimum government, he would bury the Vodafone ghosts now. He would also then go to Bihar, campaigning on his politically controversial reforms. Both will need him to dip deep into his accumulated political capital and risk it, suggests Shekhar Gupta.
'Either China is building regional transport infrastructure long before it needs it, or this is in a chain of Chinese investments with more strategic than economic intent,' says T N Ninan.
'The stimulus packages, sector reliefs, loans etc are coming to industry, but state governments have not got any money from GST, no money from excise, no money from any income source.'
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
Merely choosing investment products in accordance with your risk profile is not enough. Consider all your requirements before deciding where to put your money
Modi's Make in India will work only if the cost of borrowing comes down.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
India needs to build an economic system that will provide adequate capital to budding entrepreneurs, says Ajit Balakrishnan.
Change will have to begin with Mr Modi, who by all accounts has shown little active interest in macro-economic issues, preferring instead to focus on the effective implementation of projects and programmes, points out T N Ninan.
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
Medha is an organisation created with the idea of bringing in better employment opportunities and life for educated youth.
India's crony capitalists will have had their day in the sun.
The Telugu Desam Party has confirmed that its chief Chandrababu Naidu will be sworn in as the chief minister of Seemandhra on June 8. The swearing-in will take place six days after Telangana Rashtra Samithi supremo K Chandrasekhar Rao is sworn in as the chief minister of Telangana.
