Days after Q2FY20 GDP growth rate falling to a new low, finance minister Nirmala Sitharmaan on Saturday said that the government will frontload investments worth Rs 100 crore over a five-year period. Days after Q2FY20 GDP growth rate falling to…
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Decoding Slowdown: Govt apathy and low investment continue to plague the agriculture sector
When it comes to reviving economic growth, agriculture is often ignored. A good example is the flurry of recent policy announcements – cut in corporate tax, bank mergers, recapitalisation of banks, cut in the GST, higher depreciation on vehicles etc….
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Govt to cut extra-budgetary loans; funds to PSU banks meant to boost lending
Researchers at Icra say the credit guarantee scheme is more likely to benefit retail NBFCs with shorter-tenure assets. The benefits of the partial credit guarantee scheme for purchases of asset pools by banks from non-banking financial companies (NBFCs) could be…
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Govt may sell stake in some weak PSU banks
NEW DELHI: India is considering selling controlling stakes in some of the smaller state-run banks in a bid to raise funds to boost spending on programs for the poor, people with knowledge of the matter said. The proposal being considered involves…
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Govt must provide capital to banks on upfront basis: United Bank CEO
Says the NBFC crisis may snowball into a ‘serious problem’ if not handled properly Banks have to be cautious while lending to non-banking financial companies (NBFCs), as there are still concerns regarding resolution of the ongoing crisis in the sector….
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FIEO seeks govt, RBI intervention in resolving exporters’ banking issues
Exporters body FIEO has sought immediate intervention of the government and RBI to resolve issues related to payment mechanism for Iran and flow of credit to push shipments. Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said that…
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