Sunny Verma

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

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.

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.

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.

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.

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

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.

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.

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

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).

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

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.

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.

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

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.

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.

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

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.

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.