Monday, Oct 03, 2022
Journalism of Courage
Sunny Verma
Sunny Verma is a Senior Assistant Editor with The Indian Express and writes on economy and finance.
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Indian banks avoid Russia entities on West blacklist
With the US and European nations blocking major Russian financial institutions from SWIFT, those entities on the sanctions list are unable to receive confirmations for fund transactions executed through the globally accepted messaging network.
Fri, Mar 25, 2022
Explained: The US Fed Reserve’s rate hike, and its impact on markets, RBI policy
The US Federal Reserve has raised interest rates by 25 basis points, the first hike since 2018. What impact has this had on markets? Will it impact the Reserve Bank of India's monetary policy decision?
Thu, Mar 17, 2022
As crude oil prices ease, govt to wait and watch on excise duty cut
India imports about 85% of its crude oil requirements
Thu, Mar 17, 2022
Fertilisers likely to hike subsidy bill, but tax mop-up may keep deficit in check
Finance Ministry expects oil prices to cool off in the next 2-3 months as the impact of the geopolitical tensions may get eased by higher production from the United States and the OPEC member countries.
Mon, Mar 14, 2022
National Land Monetization corporation: Cabinet clears agency to monetise Govt land
To be fully owned by the Centre, under the administrative jurisdiction of the Finance Ministry, NLMC will have an initial authorised share capital of Rs 5,000 crore and paid-up share capital of Rs 150 crore.
Thu, Mar 10, 2022
Budget’s infra plans may take a hit as war fallout spills over
Government-led spending plans, leveraging infrastructure and capital expenditure to revive growth in the Budget for next fiscal, runs the risk from the uncertainties emanating from the ongoing Russia-Ukraine conflict.
Wed, Mar 09, 2022
Seize opportunity to export best-quality wheat, urges PM Modi as demand surges amid Russia-Ukraine war
Wheat prices have skyrocketed globally due to the geopolitical situation, especially since Russia and Ukraine are the world’s second-largest and fourth-largest wheat exporters, respectively
Wed, Mar 09, 2022
For bond market liquidity, FinMin looking at institution for buying debt
The DEA is working closely with Sebi. Such an entity is being seen as crucial especially during times of stress in financial markets, which freezes liquidity sometimes even for investment-grade bonds.
Mon, Feb 28, 2022
Credit score ‘misused’: How to fix this key metric
A customer can check her credit score and whether any loan (which has not be taken) is outstanding through the reports furnished by respective credit information bureaus.
Tue, Mar 01, 2022
Explained: Why digital lenders have come under the scanner
As per the findings of an RBI Working Group, released in November 2021, as many as 600 out of 1100 lending apps currently available for Indian Android users across 80 application stores are illegal apps.
Thu, Mar 03, 2022
Ahead of IPO, Govt clears 20% FDI in LIC under automatic route
“The change in FDI policy is sufficient to facilitate foreign investment in LIC up to 20 per cent,” said a government official noting that an amendment to the LIC Act, 1956, was not required.
Sun, Feb 27, 2022
Explained: Importance of credit score in getting a loan and how can one fix it
What is credit score, when is it downgrade, and how can a customer rectify it?
Thu, Mar 03, 2022
Palanivel Thiaga Rajan interview: Power being taken from states to the Union, creating complexity
'Why should it be in the Union’s interest that you cannot prepay? On what logic does it make sense? what purpose is served by not allowing prepayment?'
Mon, Feb 21, 2022
Centre’s loans for capex push ties our hands, say Opposition states
States are flagging specific concerns about how the 50-year loans, specifically earmarked for capex in the budget for next fiscal, will “tie them up” as per the Constitutional obligation under Article 293 (3), under which they need to seek the Centre’s permission for any borrowing in future.
Mon, Feb 21, 2022
Board knew of NSE chief’s misconduct but let her resign with glowing praise
Board did not inform market regulator SEBI of the ‘grave irregularities’
Sun, Feb 20, 2022
Inflation over comfort range of 6%; no need for alarm: RBI
India CPI Inflation Rate January 2022: The retail inflation which is measured by the Consumer Price Index (CPI) for December 2021 was revised to 5.66 per cent from 5.59 per cent, government data revealed.
Tue, Feb 15, 2022
Explained: Despite govt’s climate focus, why grants to a key adaptation fund are sliding
Grants released under NAFCC fell from Rs 115.36 crore in 2017-18 to Rs 42.94 crore in 2020-21, and Rs 27.76 crore (till December 2021) in the current year.
Thu, Feb 10, 2022
Infra push has larger, lasting multiplier effect, will create demand, jobs: Economic Affairs Secretary
There is a view that fiscal consolidation has been on the lower side and gross market borrowing is higher than expected. Could it crowd out private investment?
Mon, Feb 07, 2022
‘FY22 tax collections historic high … next year a window to cash in on the good times’: CBDT Chairman JB Mohapatra
"The department is in a very good space right now. Unlike last year, and before that one, when we were struggling for collections. This year collections have been good thankfully and hopefully another three months will go in this manner," Central Board of Direct Taxes (CBDT) Chairman JB Mohapatra said.
Sun, Feb 06, 2022
Budget a continuity of 2021 policies…capex push to lead lasting revival: FM
Nirmala Sitharaman was responding to a specific query from Bajaj Finserv CMD Sanjiv Bajaj regarding the timeline for privatisation of two-state owned banks and one general insurance company.
Sun, Feb 06, 2022
Interview with Secretary, DIPAM: ‘Entering difficult phase; nuanced divestment to have far-reaching impact’
'We believe there is sufficient capacity in today’s India to have multiple players who can think along these lines, build large infrastructure, manage large companies as well as large shareholders.'
Fri, Feb 04, 2022
Govt getting ready to sell IDBI Bank, may keep some stake: Top official
The government will also file the Draft Red Herring Prospectus (DRHP), or the primary prospectus, of Life Insurance Corporation (LIC) with the market regulator next week, and expects to list it on stock exchanges by the end of the financial year.
Fri, Feb 04, 2022
Tax revenue may cross RE; without excise we get 14% rise next year: Bajaj
"For excise duty, we have taken a hit of about Rs 50,000-60,000 crore and for customs duty it was overall Rs 18,000-20,000 crore," says Revenue Secretary Tarun Bajaj.
Thu, Feb 03, 2022
CBDT chief: Changes to I-T law have huge revenue implications
Making a retrospective amendment to the Income-tax Act from 2005-06, the Budget clarified that cess and surcharge will not be allowed to be claimed as deductions in the form of expenditure.
Thu, Feb 03, 2022
LIC IPO key: Divestment numbers missed, Budget dials down target
While Finance Minister Nirmala Sitharaman had set a target of Rs 1.75 lakh crore through disinvestment in the Budget estimates in 2021-22, the target has now been revised to Rs 78,000 crore. And for the year 2022-23, she has set a softer target of Rs 65,000 crore.
Wed, Feb 02, 2022