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Monday, June 21, 2021

Sunny Verma


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

Second wave: 60% addition to bad loans from MSMEs
Mon, Jun 21, 2021

MSMEs and micro enterprises have been the most impacted with nearly 60 per cent of addition to Non Performing Assets (NPAs) in April and May coming from MSMEs, nearly twice what it was earlier.

Experts see new surge in bad loans, could rise to 13-15% this FY
Wed, Jun 16, 2021

Analysts estimate that non-performing assets (NPAs) will jump from a little under 8 per cent in the previous fiscal year — helped by restructuring, write-offs and regulatory relaxations including a loan moratorium — to 13-15 per cent in 2021-22.

Explained: What is the SDG India Index, and how does your state rank?
Tue, Jun 08, 2021

Kerala has retained the top rank in NITI Aayog's SDG India Index 2020-21, while Bihar is the worst performing state. What is SDG India Index, and why is it significant? What are the latest findings?

To prevent delays in LIC IPO, valuation process on fast track
Thu, Jun 03, 2021

The Finance Ministry is currently evaluating the embedded value of the life insurer and a report on that is expected to be prepared in a month’s time.

‘Existing window sufficient’ but govt ‘open to raising’ ECLGS cap
Wed, Jun 02, 2021

Under ECLGS, which is for helping firms tide over liquidity crunch resulting from Covid curbs, banks provide additional loans to existing borrowers without asking for extra collateral.

Local lockdowns cushion impact of second wave but deeper fear hits spending, demand
Sun, May 30, 2021

The absence of a stringent nationwide lockdown has been a silver lining, it has ensured that industrial economic activity continued even if at a reduced level.

Insurance FDI rules set, govt looks to whet investor appetite
Wed, May 26, 2021

As per the fresh set of regulations, an Indian insurance company with 74 per cent foreign equity should have majority of its directors, key management personnel, and at least one among the chairperson of its Board, its managing director and its chief executive officer; as resident Indian citizens.

IDBI Bank stake sale on track; LIC offering likely by fourth qtr
Tue, May 18, 2021

With the Cabinet clearance to the stake sale in place and legislative provisions already in line, the IDBI Bank transaction is expected to be faster than the process of privatising two other banks.

Lockdowns hold up due diligence process; stretch AI, BPCL sell-off plans
Tue, May 18, 2021

Privatisation plans for key state-owned companies such as BPCL and Air India are likely to face delay and may stretch into later part of the year as the Covid-19 pandemic affects mobility of people, disrupting closure of transactions.

FDI hits all-time high in FY21; forex reserves jump over $100 bn
Tue, May 18, 2021

According to data released by the Reserve Bank of India (RBI), while the direct investment to India in FY21 stood at $54.665 billion, FDI by India amounted to $11.299 billion, thereby resulting into a net FDI of $43.336 billion.

Bank v HFC: Who transmits home loan rate cuts better?
Fri, May 14, 2021

Existing home loan customers are getting differential treatment from banks and HFCs. How have rates moved for HFCs and banks? What should existing customers do?

Commodities in super cycle: Hit highs but cast cloud over recovery, inflation
Mon, May 10, 2021

Steel, the most commonly used input in construction sector and industries, is at all-time highs, as most metals including base and precious metals prices have gone through the roof over the last one year.

Explained: Why RBI wants moderate bond yields, and what it means for investors
Fri, May 07, 2021

The yield on the 10-year benchmark 5.85%, 2030 bond fell by 0.62% and closed at 5.978% on Wednesday, from 6.01% the previous day.

Bond yield falls under 6% on RBI plan to buy additional G-Secs
Thu, May 06, 2021

The RBI’s decision to buy Rs 35,000 crore worth of bonds in May would help the market in absorbing a portion of the Rs 1.16 lakh crore of market borrowings by government during the month.

With change in vaccine procurement policy, Budgetary allocation likely to see tweaks
Mon, May 03, 2021

In determining the Budgetary allocation for vaccine, the Finance Ministry initially estimated requirement of a total of 290 crore vaccine shots for the entire population, after taking into account two shots per individual and also the vaccine that is wasted during the entire process.

States implementing key institutional reforms can borrow Rs 1.06 lakh crore more
Thu, Apr 29, 2021

Last October, the Central government had linked permission for additional borrowing of 1 per cent of their GSDP (Gross State Domestic Product) to implementation of four critical reforms.

‘Stimulus built in’, govt to focus on rolling out Budget proposals
Tue, Apr 27, 2021

While the Central government has announced steps to ease imports of oxygen as well as related medical equipment, and extended the emergency credit line facility to stressed companies, another round of economic package is yet to be discussed.

RBI plans and an upcoming Bill: Where are digital currencies headed?
Fri, Apr 23, 2021

The government, which plans a law to ban private digital currencies, favours a digital currency backed by the Reserve Bank of India.

Exit window likely for crypto holders, old transactions to be under scanner
Thu, Apr 22, 2021

The proposed legislation on cryptocurrencies which is likely to ban digital currencies is expected to provide an exit window to the existing crypto holders of private entities.

Vaccine makers had sought funding help, market access opens up revenue source
Tue, Apr 20, 2021

The change in rules would effectively enable the Health Ministry to make advance payments of Rs 3,000 crore to Serum Institute of India (SII) and Rs 1,500 crore to Bharat Biotech for procuring vaccines.

KYC issues hold up pensions, some bank accounts frozen
Mon, Apr 19, 2021

According to the RBI’s KYC regulations, periodic updation of KYC should be carried out at least once in every two years for high-risk customers, once in every eight years for medium risk customers and once in every ten years for low-risk customers.

ECLGS ambit widened to cos with loan dues up to 60 days
Sat, Apr 17, 2021

To provide relief to stressed companies, the Finance Ministry on Friday expanded the scope of a government-guaranteed credit facility to healthcare and stressed sector companies that have loan dues for up to 60 days (or SMA-1 accounts), as against 30 days earlier (SMA-0).

Most non-official members in new MSME Board have BJP links
Wed, Apr 14, 2021

A scrutiny of the list shows that it includes one BJP MLA; three ex-MLAs/candidates and one ex-MLA of AJSU (BJP ally in Jharkhand); six members of Laghu Udyog Bharati (LUB); six BJP functionaries; two former members of FICCI and one member from Gujarat.

Govt open to talks on US tax plan, seeks support on equalisation levy
Mon, Apr 12, 2021

While the US initiative is aimed at addressing the threats of tax leakages being posed by tax havens across the globe, the issue of equalisation levy or digital taxes should also be addressed positively, government sources said.

Explained: Joe Biden’s radical tax proposal
Sat, Apr 10, 2021

US Treasury Secretary Janet Yellen has urged G20 nations to move towards a global minimum corporate tax. What can this mean for India, other economies, and corporations that benefit from low-tax regimes?