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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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More From Sunny Verma - Page 11
Over Rs 3 lakh crore dues, IBC changes add to MSMEs’ liquidity woesSubscriber Only
June 30, 2020 03:07 IST
Even as government departments have started clearing up dues of MSMEs with the Finance Ministry stressing timely clearance of funds, many micro and small firms are stuck with pending payments of more than Rs 3 lakh crore with large firms with no easy legal recourse.
Tue, Jun 30, 2020Centre not keen to fund IBA’s bad bank plan, one-time loan restructuring likelySubscriber Only
June 23, 2020 03:01 IST
The government’s view is that bad loan resolution should happen in a market-led way, a senior government official said. The banks demand for a one-time restructuring of loans is being considered by the banking regulator and the government.
Tue, Jun 23, 2020
Explained: The biggest LIC IPO that the government is set to launchSubscriber Only
June 22, 2020 16:09 IST
LIC IPO 2020 Launch Date, Benefits: An IPO will certainly bring in transparency into affairs of LIC since it will be required to inform financial numbers and other market-related developments on time to the stock exchanges.
Thu, Jun 25, 2020
High rates, low demand: Stressed MSMEs can’t tap into Govt reliefSubscriber Only
June 22, 2020 05:04 IST
Viable companies, with good credit history, are able to raise funds, but the most needy among the MSMEs are facing a double whammy: slump in demand and lack of finance.
Mon, Jun 22, 2020
Explained: Why digital payments crashed and govt transfers rose in AprilSubscriber Only
June 16, 2020 12:30 IST
According to latest data from the Reserve Bank of India, overall value of transactions contracted by 46 per cent in April over March.
Thu, Jun 18, 2020
In April, 50-70% drop in transactions through credit & debit cards, chequesSubscriber Only
June 16, 2020 04:58 IST
Latest data from the Reserve Bank of India shows that transactions and payments through various banking channels fell between 26 per cent and 71 per cent in April over March, depending upon the mode of transaction.
Tue, Jun 16, 2020
In line for consolidation, strategic sale: Several engineering, metals, chem cosSubscriber Only
June 10, 2020 03:00 IST
The government sees privatisation and consolidation of state-owned companies in certain sectors where they are overrepresented as the second “generation reform” that is necessary to give a structural push to growth.
Wed, Jun 10, 2020Atmanirbhar package: PSBs ‘adequately capitalised’, unlikely to get fresh infusionSubscriber Only
June 05, 2020 04:34 IST
Many analysts argue that banks, especially state-owned ones, will need significant equity infusion in the medium term as the economic slump resulting from the impact of COVID-19 can potentially create a fresh set of non-performing assets (NPAs).
Fri, Jun 05, 2020
A day after Unlock 1, Cabinet approves economic package for MSMEs, farmersSubscriber Only
June 02, 2020 04:38 IST
Medium enterprises in the manufacturing and services sectors will now include companies with investment of Rs 50 crore in plant and machinery and turnover up to Rs 250 crore.
Tue, Jun 02, 2020
Moody’s lowers India rating citing low growth prospectsSubscriber Only
June 02, 2020 04:37 IST
Moody's expects India's real GDP growth rate to contract by 4 per cent in 2020-21 due to the shock from the coronavirus pandemic and related lockdown measures.
Tue, Jun 02, 2020
Explained: What RBI’s extension of loan moratorium meansSubscriber Only
May 31, 2020 18:43 IST
According to data provided by different banks, nearly 30 per cent of their outstanding loans have come under moratorium so far. For some banks, this figure is almost 70 per cent.
Mon, Jun 29, 2020
Modi govt second term, first year: Already struggling, Covid adds to govt’s challengesSubscriber Only
May 30, 2020 01:40 IST
The downward spiral has been accentuated by the lockdown that was enforced since late March to tackle the spread of Covid-19 pandemic, with most economists projecting that the Indian economy will record a contraction in GDP this year, while any recovery is expected to be long drawn process.
Sat, May 30, 2020
Krishnamurthy Subramanian: ‘Significant uncertainty about growth … after Spanish flu, recovery was V-shaped’Subscriber Only
May 28, 2020 07:54 IST
Chief Economic Adviser Krishnamurthy Subramanian said it is difficult to make a reliable estimate on growth given the kind of uncertainty resulting from effects of COVID-19 pandemic.
Thu, May 28, 2020Sluggish growth in bank credit to industry since FY16, micro & small sectors worst hitSubscriber Only
May 25, 2020 01:56 IST
While the government last week announced a credit guarantee scheme for bank lending to the MSME sector and others, data shows that micro and small industries have, over the last four years, witnessed an even slower credit expansion.
Mon, May 25, 2020
Banks worried, see ballooning of bad loans in second half of 2020-21Subscriber Only
May 23, 2020 04:35 IST
According to data provided by different banks, nearly 25-30 per cent of their outstanding loans have come under moratorium.
Sat, May 23, 2020
Nirmala Sitharaman: ‘Too many unknowns, I have to be ready, I can’t finish my story with these announcements’Subscriber Only
May 20, 2020 04:01 IST
Finance Minister Nirmala Sitharaman says she is open to deficit monetisation, won't hazard a guess on where growth is headed.
Wed, May 20, 2020FM Nirmala Sitharaman interview: ‘Thought about it (bigger cash transfers), but grant for how many, of how much?’Subscriber Only
May 20, 2020 01:24 IST
Finance Minister Nirmala Sitharaman says all suggestions were heard till the level of the Prime Minister before the package was finalised.
Wed, May 20, 2020
With migrants headed home, 65% hike in MNREGA fundsSubscriber Only
May 18, 2020 04:47 IST
For MGNREGS, the government announced an additional allocation of Rs 40,000 crore. In the 2020-21 Budget estimate, the government had reduced the allocation under the scheme to Rs 61,500 crore, compared to the revised estimate of Rs 71,002 crore in 2019-20.
Mon, May 18, 2020Nirmala Sitharaman’s economic package: States get more headroom, but with conditionsSubscriber Only
May 17, 2020 15:25 IST
Sitharaman also said the government will open all sectors to the private sector including strategic sectors, and a new coherent policy in this regard will be unveiled.
Sun, May 17, 2020
Steps Nirmala Sitharaman may announce today: Measures to boost Make in India, relief for migrant workersSubscriber Only
May 14, 2020 14:56 IST
Sources said the government is expected to announce further measures that will provide agriculture sector loans worth Rs 5 lakh crore. Steps taken under the Make in India initiative are expected to be worth Rs 1 lakh crore.
Thu, May 14, 2020
Explained: Will banks open fund tap to MSME sector? Govt guarantee helps, but a lot hinges on the fine printSubscriber Only
May 14, 2020 11:35 IST
MSMEs, which make up for about 45 per cent of the country’s total manufacturing output, 40 per cent of exports, almost 30 per cent of the national GDP are stressed due to depleting internal reserves and low visibility of demand for next six months at least.
Sat, May 16, 2020
First dose is liquidity: MSMEs get mega guaranteeSubscriber Only
May 14, 2020 05:22 IST
Most measures focus on off-balance sheet support; success depends on improving lenders’ risk appetite
Thu, May 14, 2020
Economic package: Safety net for the poor, MSMEs, tax breaks, land assetsSubscriber Only
May 13, 2020 05:41 IST
Over the next few days, Finance Minister Nirmala Sitharaman will provide details of the package that is likely to include measures to boost local manufacturing, help improve India’s competitiveness in a global economy, and provide relief to the distressed poor, labourers and hapless migrants.
Wed, May 13, 2020
‘Bold, not incremental reforms, will help to boost the productive capacity, productivity of economy,’ says Rajiv KumarSubscriber Only
May 13, 2020 05:39 IST
In an interaction with The Indian Express, after the Prime Minister’s speech on Tuesday, NITI Aayog Vice-Chairman Rajiv Kumar said the steps to be announced in the coming days would focus on ensuring that India does not shut itself out from the global economy, even as it promotes self-reliance.
Wed, May 13, 2020
Govt panel suggests setting up apex land management bodySubscriber Only
May 06, 2020 03:00 IST
The task force noted there is a need for a separate organisation, which can work with various government departments including Railways and Defence Ministry to utilise their surplus land assets.
Tue, May 05, 2020Journalism of Courage
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