George Mathew

Profile

Vacancy at regulatory bodies: Irdai chairman retires, search panel yet to identify successor
Mon, Feb 26, 2018

Finance Ministry advertises again for the post of RBI DG for supervisory departments.

National Health Protection Scheme: HealthMin meets insurers to chalk out a roadmap
Fri, Feb 23, 2018

NHPS will be part of Centre’s Ayushman Bharat Yojana.

Rs 111,738 crore: That’s what 9,339 wilful defaulters owe, PSU banks hit most
Wed, Feb 21, 2018

The RBI is yet to disclose the full list of defaulters. In 2017, the RBI had told the Supreme Court that it was not in favour of publishing the list of loan defaulters who owe more than Rs 500 crore to public sector banks.

Punjab National Bank fraud: How the system was gamed
Mon, Feb 19, 2018

In a regulatory filing last week, Punjab National Bank reported a Rs 11,394 crore fraud involving billionaire jeweller Nirav Modi. The government has ordered a probe by agencies such as the CBI, Enforcement Directorate and the Income-Tax Department.

Budget proposal to combine three PSU general insurance firms: Post merger, there may be excess of 15,000 staff, Rs 3,000-crore savings
Fri, Feb 16, 2018

Merged unit will have 30 regional offices as against 90 of the 3 firms put together at present, and there might be 10,000-15,000 excess employees.

Nirav Modi case: Punjab National Bank admits Rs 11,000 crore fraud in South Mumbai branch
Thu, Feb 15, 2018

On February 5, CBI had booked diamond jeweller Nirav Modi, his wife Ami Modi, brother Nishal Modi and his maternal uncle Mehul Choksi in connection with an alleged Rs 280-crore cheating case after it received a complaint from PNB on January 29.

Monetary Policy: RBI keeps key rates steady, warns on five levies, fiscal slippage
Thu, Feb 08, 2018

Unveiling the bi-monthly monetary policy statement in Mumbai, RBI Governor Urjit Patel said “significant and postponed deviations” from fiscal targets would make matters “more challenging” going forward.

Why Indian investors are fretting over tax on equity gains, elections
Wed, Feb 07, 2018

Market crash and after: Rising bond yields, Fed rate hike fears give Wall Street the flu, Sensex sneezes.

BSE Sensex, Nifty witness sharp fall as US stock plunge sparks global sell-off
Tue, Feb 06, 2018

Premier indices in India fell around 3 per cent and mid and small cap indices fell over 5 per cent. This is largely due to a global sell-off on concerns of overheating in the US market and expectations of a rate hike by the Federal Reserve System, the central bank of the United States of America. 

RBI likely to keep policy rates unchanged for now
Mon, Feb 05, 2018

Higher minimum support price, fiscal slippages may force rate hike later

Day after budget: 10% tax, fiscal slip; Market wakes up rattled, slides over 800 points
Sat, Feb 03, 2018

Dalal Street witnessed mayhem Friday with the benchmark Sensex plunging 840 points. Worried investors dumped stocks across the board — they were also upset with the proposal of 10 per cent tax on distributed income from equity-oriented mutual funds. 

Union Budget 2018: Rs 5 lakh health cover for 10 crore poor, prescription awaited
Fri, Feb 02, 2018

Describing the scheme as “the world’s largest government-funded healthcare programme”, Finance Minister Arun Jaitley announced one medical college for every three Parliamentary constituencies, and at least one in every state.

Union Budget 2018, Insolvency Resolution: MAT relief for resolution of stressed companies, but experts want more
Fri, Feb 02, 2018

Provisions in the IT Act pertaining to carry forward and set off of losses in closely held firms would be relaxed for entities being dealt with under the code.

Union Budget 2018: Stocks take a roller-coaster ride; bond yields surge sharply
Fri, Feb 02, 2018

Union Budget 2018: 10% long-term capital gains tax and higher fiscal deficit numbers send Sensex crashing by 750 pts intra-day; recoups losses on institutions-led buying

LIC makes most of bull rally with Rs 20K-crore profit
Wed, Jan 31, 2018

LIC Chairman VK Sharma had last month said the corporation had made a profit of Rs 12,374 crore from the stock market in the first six months of FY18 as compared with Rs 10,643 crore in same period of FY17.

Cryptocurrency Vs Yellow Metal: Bitcoin no substitute for gold, it’s highly volatile, warns gold body
Fri, Jan 26, 2018

According to World Gold Council, bitcoin and cryptocurrencies more generally are not a substitute for gold.

Corporate debt restructuring: 291 accounts for Rs 1,72,463 crore fail
Tue, Jan 23, 2018

Loan recast packages for over Rs 61,000 crore failed in 12 months ended September 2017.

Sudden change in govt stance on borrowing sparks relief rally
Thu, Jan 18, 2018

On December 27, govt decided to make an additional borrowing of Rs 50,000 crore; it is now reduced to Rs 20,000 crore

Interview with Uday Kotak: ‘Massive amount of Indian savers’ money is now going into few hundred stocks’
Mon, Jan 15, 2018

Uday Kotak said four out of five top private banks are majority owned foreigners, benefiting foreign savers.

Uday Kotak red flag over market rally, says savings going to ‘few hundred stocks’
Mon, Jan 15, 2018

He said a lot of domestic savings were flowing to “a few hundred stocks” of firms whose governance standards fuel concern.

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