Sandeep Singh

Articles By Sandeep Singh

Mother Dairy loses AAA rating assigned to bank facilities by Care

Company posts loss of Rs 91.83 crore in 2018-19 on account of “impairment of provision of Rs 190.85 crore arising from the investments made in IL&FS in the form of unsecured short term inter-corporate deposits,” said the rating agency.

Real Estate: Housing fund to provide equity, debt support to stuck projects

While the projects that have not turned into non-performing assets and are not under NCTL will benefit, analysts note that most stressed projects will not get any funding support.

Resident Indians remitted out more money than ever in July under LRS

By comparison, in the five year period of UPA II, between April 2009 and March 2014, the aggregate outward remittance under LRS amounted to $5.45 billion.

Phase II of Tajikistan’s Roghun HPP kicks off

Development of energy sector key for achieving expedited industrialisation, says President Rahmon.

Explained: What is behind the continuing slide of the rupee, crash of the Sensex

While China witnessed a decline in its currency by around 0.6 per cent, the Indian currency that opened on Tuesday after three days, witnessed a sharp decline of 90 paise or 1.2 per cent.

Nilesh Shah interview: ‘By slowing down gold imports, we will stop flight of savings & capital’

Our gold imports are rising and resulting in significant flight of capital. Between March 2011 and March 2019, the net import of gold and precious stones amounted to about $245 billion.

Surcharge rollback sees little impact, as FPIs continue outflow from Indian equities

In the five trading sessions following the rollback of surcharge, foreign portfolio investors sold Indian equities worth a net of Rs 5,485 crore from Indian equities.

Good move but bad timing: experts on bank merger

In fact, the three-way merger of Dena Bank and Vijaya Bank with Bank of Baroda took over six months to come into effect. While the government first proposed the merger of the banks in September 2018, the merger came into force on April 1, 2019.

RBI funds transfer: Govt member wanted more, Jalan panel said no

The Central government had nominated Kumar as a member of the Jalan Committee on July 30 after former Finance Secretary Subhash Chandra Garg was moved to the Power Ministry.

Govt could use RBI excess funds for big capital push in time of slowdown: Top official

Surplus funds received from RBI will not be used on the revenue account but rather to push up capital investment in the economy, the official indicated.

Explained: The Chinese connection to the falling Rupee

Interestingly, the Indian central bank has not intervened in the current rupee slide, unlike in the past when such a sharp fall in the rupee led to intervention by the RBI.

Rupee drops 4.25 per cent in three weeks, Reserve Bank keeps off

While the Rupee lost 4.25 per cent against the dollar over the last three weeks, only two major emerging economies saw their currencies decline more than that.

‘Red’ IL&FS entities account for more than two-thirds of group’s overall debt

The progress report shows that entities classified as red and amber comprise over 87 per cent of the total outstanding debt of over Rs 89,000 crore.

Demand slowdown: Now, M&M and Tata Motors to rejig production

 While Mahindra & Mahindra Ltd on Friday said it will be suspending automobile production for 8-14 days in the ongoing quarter in various plants to align production with demand, Tata Motors said that it is going for adjustments in production and block closure in line with the slowdown in demand.

Explained: Job losses in the auto industry, and the demand for lower GST on cars

FADA has stated that nearly 2 lakh jobs have been cut in the last three months due to the slowdown. The slowdown continued in July, which reflected in the decline in domestic sales of up to 50 per cent announced by leading automobile manufacturers.

Explained: Why has RBI cut lending rate by 35 bps? Why has GDP growth been revised downwards?

RBI rate cut explained: While inflation is a key consideration for a rate cut and it provided RBI the comfort to go for a cut, the decision was also taken to boost aggregate demand especially private investment.

Explained: Kashmir, trade war, China — behind the Rupee’s fall

After losing 113 paise or 1.6 per cent to close at 70.73 against the US dollar on Monday, the rupee opened with marginal recovery on Tuesday and was up 5 paise, trading at 70.69 to a dollar.

Before jail over CSR, govt should have seen this data

Total spend by firms has gone up in the last 5 yrs from 70% to over 90%

Explained: Car sales down, what does this mean for the economy?

Not just cars, sales of trucks, tractors and motorcycles too are down. The NBFC crisis has caused a liquidity crunch, and customers are postponing the decision to buy. What does this mean for the economy?

Mauritius Leaks: After Vikram Akula exit, a dispute between SKS stakeholders on split of shares

Records investigated by The Indian Express show that at the heart of the dispute was Mauritius-based Tejas Ventures that held 17.6 lakh shares of SKS Microfinance.