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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 15
RBI panel: Liquidity crisis a blip for HFCs; long-term growth still intactSubscriber Only
September 11, 2019 03:57 IST
Home loans are most lucrative credit product for banks and HFCs with low levels of non performing assets (NPAs) recorded in this segment.
Wed, Sep 11, 2019RBI panel to firm up mechanism for assessing adequacy of forex reservesSubscriber Only
September 10, 2019 03:31 IST
An internal group of the Reserve Bank of India is expected to study how much reserves are adequate to cover various risks.
Tue, Sep 10, 2019
Post FM Sitharaman’s countrywide discussions with corporates & taxmen, fresh measures likelySubscriber Only
September 06, 2019 02:45 IST
The government will hold more such deliberations in different cities to understand sectoral issues faced by various sectors, a senior Finance Ministry official said.
Fri, Sep 06, 2019Big bank reform: 10 merged into four for scale and growthSubscriber Only
August 31, 2019 04:55 IST
Fund infusion in the merged entity will provide growth capital enabling the bank to enhance lending, Mehta said. Punjab National Bank will get a fresh capital infusion of around Rs 16,000 crore, the FM said.
Sun, Sep 01, 2019
As RBI picks lower end of risk buffer at 5.5% its think tank pegged ideal level above 16%Subscriber Only
August 29, 2019 01:57 IST
This resulted in Rs 52,637 crore of excess provisions identified under a revised Economic Capital Framework (ECF) adopted by the RBI board, which the RBI decided to transfer to the government along with Rs 1.23 lakh crore of surplus transfer for 2018-19.
Thu, Aug 29, 2019RBI funds transfer: Govt member wanted more, Jalan panel said noSubscriber Only
August 28, 2019 05:00 IST
The Central government had nominated Kumar as a member of the Jalan Committee on July 30 after former Finance Secretary Subhash Chandra Garg was moved to the Power Ministry.
Thu, Aug 29, 2019
Govt could use RBI excess funds for big capital push in time of slowdown: Top officialSubscriber Only
August 27, 2019 04:43 IST
Surplus funds received from RBI will not be used on the revenue account but rather to push up capital investment in the economy, the official indicated.
Tue, Aug 27, 2019
Arun Jaitley piloted two epic reforms: GST and bankruptcy codeSubscriber Only
August 25, 2019 03:34 IST
A breakdown in relations with the Reserve Bank of India over the issue of the Central bank’s surplus reserves and many other issues was another blip during his tenure.
Sun, Aug 25, 2019
Arun Jaitley: PM Modi’s go-to man and key strategist on economic policy and legal issuesSubscriber Only
August 24, 2019 17:08 IST
Apart from a series of measures to enhance the productivity of the Indian economy, Arun Jaitley was instrumental in bringing political consensus for a marathon legislative process and subsequent implementation of the Goods and Services Tax.
Sat, Aug 24, 2019
Capital infusion: Earnings being analysed to decide fund requirementSubscriber Only
August 21, 2019 03:15 IST
A Finance Ministry official said the government expects the capital infusion to aid lending growth, while some banks will need funds to meet minimum regulatory requirements.
Wed, Aug 21, 2019
‘Red’ IL&FS entities account for more than two-thirds of group’s overall debtSubscriber Only
August 16, 2019 03:38 IST
The progress report shows that entities classified as red and amber comprise over 87 per cent of the total outstanding debt of over Rs 89,000 crore.
Fri, Aug 16, 2019
Finance in talks with FPIs to provide relief from surchargeSubscriber Only
August 09, 2019 04:55 IST
Discussions with FPIs are currently underway and there are indications that investors impacted by the move could be extended some relief from the levy.
Fri, Aug 09, 2019
Shunted out, Finance Secretary Subhash Chandra Garg puts in papers the day afterSubscriber Only
July 26, 2019 03:46 IST
A top Finance Ministry bureaucrat being moved out and seeking voluntary retirement puts a question mark on key announcements in the Union Budget 2019-20 including the planned overseas bonds.
Fri, Jul 26, 2019
Inter-ministerial body proposes ban on private cryptocurrenciesSubscriber Only
July 23, 2019 03:56 IST
No country across the world treats virtual currencies as legal tender.
Tue, Jul 23, 2019
Overseas bonds: Major advantages in raising long term funds, says NITI VC Rajiv KumarSubscriber Only
July 22, 2019 03:18 IST
Kumar says government fully aware of the risks, and that there could be exchange rate volatility.
Mon, Jul 22, 2019
IBC amendments get Cabinet nod; 330-day deadline for resolution among key changesSubscriber Only
July 18, 2019 03:41 IST
The amendments to IBC are aimed at filling critical gap in the corporate insolvency resolution framework while at the same maximising value from the resolution process, the government said.
Thu, Jul 18, 2019
Dissenting voices in Govt: Surcharge on rich may well end up hurting investmentSubscriber Only
July 16, 2019 04:38 IST
A top policy maker in the NDA government told The Indian Express that the surcharge will have the “most deleterious” impact on investments in the country and push out unicorns and discourage the inflow of high quality human capital that India was just beginning to attract.
Tue, Jul 16, 2019
Budget boost for Electric Vehicles will give India a first mover advantage: NITI Aayog’s Rajiv KumarSubscriber Only
July 15, 2019 00:38 IST
"In most other industries, we have been followers. But in this case, we can take the lead and crack the world markets by expanding exports of electric vehicles. Electric mobility is a sector which will drive economic activity in [the] coming years."
Mon, Jul 15, 2019
Govt to make provision for hedging currency risk in overseas borrowingsSubscriber Only
July 14, 2019 03:33 IST
Sources said after discussions with the Reserve Bank of India (RBI) on the sovereign bond issue, the government will put in place a mechanism to hedge its currency risk
Sun, Jul 14, 2019
Borrowing rates for govt decline but stay high for individuals, corporatesSubscriber Only
July 12, 2019 03:00 IST
The Finance Ministry said it would borrow less this year, and pared its fiscal deficit target to 3.3 per cent of GDP, below the interim Budget estimate of 3.4 per cent of GDP. Besides, it also proposed to part-fund its deficit by tapping the international market.
Fri, Jul 12, 2019
Centre readies list of land assets for disinvestmentSubscriber Only
July 08, 2019 04:43 IST
The government has a list of 29 companies that will be put up for strategic sales to private companies.
Mon, Jul 08, 2019
DIPAM secretary Atanu Chakraborty: ‘Will keep putting products for sale on the conveyor belt’Subscriber Only
July 08, 2019 04:07 IST
Chakraborty said that the Budget proposal to increase public shareholding from 25 per cent to 35 per cent will allow more capital flows, which will help fill the savings-investment gap.
Mon, Jul 08, 2019
Tax on super rich is like giving back to society: Revenue Secretary Ajay Bhushan PandeySubscriber Only
July 07, 2019 03:16 IST
With the Indian economy expected to grow only marginally higher this fiscal, the government has set a realistic target for Goods and Services Tax (GST) and anti-evasion measures will be taken to increase the efficiency of revenue collections, Revenue Secretary Ajay Bhushan Pandey said Saturday.
Sun, Jul 07, 2019
Promoting growth without risking fiscal math is aim of most measures: Finance Secretary Subhash Chandra GargSubscriber Only
July 07, 2019 02:01 IST
Finance Secretary Subhash Chandra Garg said most measures in the Union Budget 2019-20 are aimed at promoting growth without jeopardising the fiscal math. In an interview to The Indian Express, he said fiscal stimulus can at best be a short term relief measure, but it cannot be a long term strategy to promote growth. Edited excerpts:
Sun, Jul 07, 2019
Union Budget 2019: Recapitalisation bonds of Rs 70,000 crore for PSBsSubscriber Only
July 06, 2019 02:21 IST
Finance Minister Nirmala Sitharaman said the state of banks has improved significantly as non performing assets (NPAs) have fallen and banks have raised provisions against likely loan losses.
Sat, Jul 06, 2019Journalism of Courage
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