A look into interest expenses and operating profits of 20 realty firms over the last two years shows a decline in their ability to service their debts.
Direct exposure to Greece limited, little impact of debt crisis: RBI governor.
Guernsey is a tax haven that lies within the common travel area of British Isles and part of the European community for the purposes of free trade in goods.
Citing an order by the High Court of Hyderabad, the minister said the recovery of the amount from the Telangana government’s account is against the court’s order.
If the proposal is implemented, FIIs could get more headroom for purchases.
A painful monetary course correction can lead to sustained long-term growth.
Raghuram Rajan has asked central banks from across the world to define “new rules of the game.”
Banks have restructured around Rs 53,000 crore of the seven Discoms’ exposure.
We need a holistic bankruptcy code. RBI’s Strategic Debt Restructuring Scheme is not the answer.
Vested interests have scuttled earlier attempts at cutting back the cash economy. To succeed, the Finance Ministry’s latest bid must focus on making the cost of cash transactions unaffordable.
The department is also planning to fully adopt and use banking services to end the current system of sending I-T refunds over the value of Rs 50,000 via cheques through the postal department.
Monetary policy should take output into account directly, not switch focus to WPI.
The bank, which will be known as ‘Bandhan Bank’, will kick off in Kolkata on August 23.
FIIs can invest as much as $ 30 billion in government securities and $ 51 billion in corporate debt instruments such as commercial paper and bonds.
For the full year, CAD tracked the trade deficit and shrank to $27.5 billion in 2014-15 (1.3 per cent of GDP) from $32.4 billion (1.7 per cent) a year ago.