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Sunday, January 19, 2020

Sunny Verma


Sunny Verma is a Senior Assistant Editor with The Indian Express and writes on economy and finance.

With divestment target under pressure, Centre fast-tracks strategic sales process
Thu, Jan 16, 2020

CPSEs MMTC, NMDC, BHEL and MECON, along with Industrial Promotion and Investment Corporation of Odisha Ltd and Odisha Mining Corporation, will sell their respective stakes in Neelachal Ispat Nigam Limited to a strategic buyer.

Government plans to set up Credit Enhancement fund to boost infrastructure projects
Sun, Jan 12, 2020

The fund will provide credit enhancement to such lower rated projects, enabling them to raise loans at better rates while improving their viability.

Income Tax relief for middle class & incentives for new home buyers likely
Fri, Jan 17, 2020

A series of discussions have been held within the government to promote economic growth and a reduction in the tax burden is seen as having a direct impact on boosting consumption.

Run-up to Budget 2020-21: On Govt table — Do away with or prune tax on long term capital gains
Sat, Jan 04, 2020

Sections within the government as well as leading market players have noted that LTCG has not yielded much in terms of revenue. The tax was imposed after direct intervention by Prime Minister Narendra Modi seeking financial market players to make a fair contribution for nation building.

Economy challenges: boost growth and GST revenues, keep deficit in check
Wed, Jan 01, 2020

There have been calls for the government to lead the revival through aggressive spending. The question is whether the government has the wherewithal to do so.

Amid low tax revenues, minority stake sales and privatisation set to dominate disinvestment agenda
Fri, Dec 27, 2019

The government has cleared plans for complete sale of its equity in BPCL, Shipping Corporation of India Ltd and Air India, while approving majority stake sale in Container Corporation of India Ltd (CONCOR) along with transfer of management control.

Vikram Kirloskar: ‘It takes two to clap … Key is to run in a transparent way’
Wed, Dec 18, 2019

The industry and government should also work to narrow the trust deficit between the two, he said.

As RBI buys dollars, Rupee falls 2.5% in 2019 despite huge foreign funds flow
Mon, Dec 09, 2019

Despite the recent gush of foreign fund flows into the equity and debt markets, the rupee has remained relatively weak against the United States dollar.

Explained: Despite RBI’s temporary pause, borrowing cost may still fall as spread narrows
Sat, Dec 07, 2019

As uncertainties surround the financial system — especially in the backdrop of failure of large institutions like IL&FS, DHFL, PMC Bank and some smaller NBFCs — banks are yet to fully pass on the rate reductions to customers.

CCEA okays launch of India’s first debt exchange-traded fund
Thu, Dec 05, 2019

Debt ETF allows conservative investors to own securities of government-owned firms along with the facility of liquidity.

Barring govt spending, growth slumps across industrial and services sectors
Sat, Nov 30, 2019

Government expenditure was the key component supporting GDP growth, rising by 15.6 per cent in July-September 2019 (Q2FY20) as against 10.8 per cent in July-September 2018 (Q2FY19).

Divestment of THDCIL & NEEPCO, land sales may fetch govt Rs 30,000 crore
Fri, Nov 29, 2019

Stake sale in THDC India Ltd and NEEPCO is expected to be completed by the end of the fiscal year.

Divestment kicks in: Stake sale in major PSUs announced
Thu, Nov 21, 2019

Sources said the Centre wants to retain 24 per cent stake in CONCOR given its importance in the railway sector, but will transfer entire management control to a private player since its remaining stake will be below the critical threshold of 26 per cent.

First fixed income ETF of bluechip PSUs may be launched next month
Thu, Nov 21, 2019

Compared with bank fixed deposits that generate a post-tax return of around 5.5 per cent, this product could generate a return of over 7 per cent for the investors.

Explained: What is deposit insurance?
Tue, Nov 19, 2019

Rs 1 lakh is all that a depositor can expect in the unlikely event of her bank failing. But this could change.

How banks stand to benefit from SC’s judgment in Essar Steel insolvency case
Tue, Nov 19, 2019

The Supreme Court’s order is being seen as bringing the rigour and momentum back into the IBC as an effective tool to deal with stressed assets in the economy.

Moody’s cites jobs, rural stress to cut ratings outlook to negative from stable
Sat, Nov 09, 2019

While Moody’s has maintained the country ratings and only lowered the outlook, it still poses risks of capital flight unless the government improves its fiscal health materially through aggressive stake sale in state-owned companies.

Explained: Moody’s cuts India outlook to negative. What does it mean?
Fri, Nov 08, 2019

Moody's cuts India outlook to negative; government says India among fastest growing major economies in the world.

For faster resolution, NBFCs to be brought under IBC purview
Fri, Nov 08, 2019

The notification will allow existing consortium of lenders and the existing resolution professional to take the financial service provider or the NBFC to the NCLT and seek a resolution plan that is binding on all parties.

About 40 per cent stalled units to benefit from special window, say analysts
Fri, Nov 08, 2019

Industry insiders say the special funding window may help completion of around 40 per cent of nearly 5 lakh housing units that currently stand stalled.