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Sunny Verma
Sunny Verma is a Senior Assistant Editor with The Indian Express and writes on economy and finance.
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Explained: Why Air India Express may be liable to pay Rs 1.19 crore to each victim of Kozhikode crashSubscriber Only
August 11, 2020 12:16 IST
Kerala plane crash: A senior airline official who did not wish to be named said “compensation is typically based on the Montreal Convention protocols and its specific adoption by India.”
Fri, Aug 14, 2020
Explained: RBI’s new loan recast schemeSubscriber Only
August 08, 2020 03:42 IST
The RBI has cleared a loan restructuring scheme for borrowers under stress because of the pandemic. How will the scheme work, and what safeguards are in place to prevent misuse?
Sun, Aug 09, 2020
Explained: Why the RBI has left interest rates unchangedSubscriber Only
August 07, 2020 04:30 IST
The RBI monetary policy review has kept interest rates on hold, contrary to broad market expectations. A look at how concerns around inflation and growth led to this decision, and other key highlights.
Mon, Aug 10, 2020
MSME boost: credit line for individual entrepreneurs tooSubscriber Only
August 02, 2020 04:25 IST
The scheme, which provides additional 20 per cent collateral-free credit, will now cover individual loans given for business purposes.
Sun, Aug 02, 2020
Give one-time recast to all borrowers: RBI’s Central Board directorSubscriber Only
August 01, 2020 00:22 IST
Satish Marathe, director at the RBI’s Central Board, has also called for government to reduce its holding in state-owned banks to 26 per cent and not go for privatisation of the banks.
Sat, Aug 01, 2020
COVID-19 disrupts govt’s sell-off plansSubscriber Only
July 31, 2020 04:49 IST
The Market disruption caused by the Covid-19 pandemic has forced the government to extend bid deadlines multiple times for its showpiece privatisation programmes of BPCL and Air India, while stake sale of other state-owned companies are also facing delays.
Fri, Jul 31, 2020RBI may allow one-time loan recast in construction & real estate, tourism and aviationSubscriber Only
July 30, 2020 03:01 IST
Sectors such as tourism, hospitality and real estate have been seeking this relief to tide over the business slump resulting from effects of COVID-19 pandemic induced economic downturn.
Thu, Jul 30, 2020
Deepak Parekh, Uday Kotak push for one-time restructuring of corporate loansSubscriber Only
July 28, 2020 05:05 IST
The RBI had announced a three-month moratorium on repayments in March to help borrowers tackle the impact, especially lockdown, of the Covid-19 pandemic.
Tue, Jul 28, 2020
Two months into MSME credit scheme, 43% of Rs 3 lakh crore sanctionedSubscriber Only
July 27, 2020 05:03 IST
Two months after the launch of the scheme, cumulative loan sanctions have risen to Rs 1.30 lakh crore from Rs 1.10 lakh crore on July 1, with both private and state-owned banks stepping up credit deployment, according to most recent data.
Mon, Jul 27, 2020
Explained: How the new public procurement restrictions target ChinaSubscriber Only
July 25, 2020 12:07 IST
The government has been taking a series of measures in recent months to restrict the inflow of Chinese investments and products into the country.
Sun, Jul 26, 2020
Amid rising bad loans, losses and COVID disruption, bank staff to get 15% salary hikeSubscriber Only
July 24, 2020 03:19 IST
Bank managements and unions have agreed to introduce the system of performance-linked incentive (PLI) in public sector banks for the first time.
Fri, Jul 24, 2020
Govt tightens bidding regulations for border countries (read China)Subscriber Only
July 24, 2020 00:41 IST
India shares its border with China, Nepal, Bhutan, Pakistan, Bangladesh and Myanmar. As per official data, out of these, the government has extended lines of credit to Bangladesh, Nepal, Myanmar, exempting them from the new order.
Fri, Jul 24, 2020
Explained: Here is how banks will roll out their 15% salary hikeSubscriber Only
July 23, 2020 14:57 IST
PSU bank employees salary: The wage hike will benefit employees of old generation private banks and some foreign banks as the agreement has been signed by 11 state-owned banks, 12 private sector banks and seven foreign banks.
Mon, Jul 27, 2020
Explained: What is the government’s new policy on the strategic sector?Subscriber Only
July 22, 2020 17:36 IST
The government has already set in motion privatisation plans for large PSU companies BPCL, Air India, Container Corporation of India, and Shipping Corporation of India.
Thu, Jul 23, 2020
Debt monetisation: Indonesia plans to buy $40 billion in sovereign bonds, FinMin says open to conceptSubscriber Only
July 22, 2020 03:00 IST
Sources said the Centre is preparing the next set of measures that would be required to support economic activity. These measures are likely to be announced from beginning of September.
Wed, Jul 22, 2020
‘Centre can fund deficit at lower rates through direct monetisation’Subscriber Only
July 21, 2020 01:00 IST
Under monetisation, the Centre can raise funds directly from the RBI via issuance of “COVID perpetual bonds” or such instruments.
Tue, Jul 21, 2020
Explained: How the government can arrest India’s GDP slide by funding its deficitSubscriber Only
July 20, 2020 20:18 IST
The SBI’s economics research team report has suggested the government raise funds directly from the RBI, through issuance of “Covid perpetual bonds” or such instruments.
Tue, Jul 21, 2020
PMO continues meetings with FinMin: E-comm policy, status of economic package on the agendaSubscriber Only
July 17, 2020 03:15 IST
Prime Minister Narendra Modi is learnt to have met Finance Minister Nirmala Sitharaman on Thursday, the second meeting this week, to take stock of the economy.
Fri, Jul 17, 2020
PMO meets NITI, FinMin officials; Centre assessing ways to boost non-tax revenuesSubscriber Only
July 15, 2020 05:08 IST
In the backdrop of the steep economic contraction expected in the April-June quarter, the government is trying to assess its revenue position, how it can be augmented and what more will be required to support economic activity in these uncertain times, sources familiar with the matter said.
Wed, Jul 15, 2020
Explained: Why is Yes Bank launching an FPO?Subscriber Only
July 12, 2020 15:38 IST
Yes Bank FPO tomorrow: Spurt in NPAs and consequent provisioning has led to Yes Bank breaching the capital adequacy requirements as mandated by the Reserve Bank of India.
Thu, Jul 16, 2020
Explained: What is a bad bank, and why is a proposal to set it up being floated?Subscriber Only
July 08, 2020 23:54 IST
The banking sector, led by the Indian Banks Association, had recently submitted a proposal for setting up a bad bank to the finance ministry and the RBI.
Fri, Jul 10, 2020
Explained: You have till tomorrow to invest in gold bonds, but should you?Subscriber Only
July 07, 2020 07:12 IST
There are several questions involved: Why are gold prices rising? Is it a good idea to buy at this price? Can the price crash?
Thu, Jul 09, 2020Rule change to help over 270 stressed cos raise funds, restructure financesSubscriber Only
July 07, 2020 02:16 IST
On June 22, Sebi eased its preferential allotment rules to help stressed companies raise capital, changed the pricing formula to reflect recent prices and exempted such companies from the open offer requirement.
Tue, Jul 07, 2020
Similar entities already available, govt may relook Credit Guarantee Enhancement Corporation planSubscriber Only
July 06, 2020 05:56 IST
Credit enhancement entities aid in augmenting the credit ratings of bonds of certain above-investment grade operational infrastructure projects, improving their attractiveness to institutional investors, by proving partial or full credit guarantees.
Mon, Jul 06, 2020
Govt’s new MSME push: Providing credit to individual entrepreneursSubscriber Only
July 04, 2020 00:20 IST
Under the ECLGS scheme, banks are offering up to Rs 3 lakh crore of government-guaranteed loans — an extra 20 per cent of outstanding loans to their MSME borrowers that are non-NPA.
Sat, Jul 04, 2020Journalism of Courage
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