Journalism of Courage
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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 20
Simply put: Rise of imports, beyond crudeSubscriber Only
September 10, 2018 04:58 IST
It is not just rising prices and imports of crude that have put pressure on the rupee. From coal & coke to electronics and minerals, a look at how Indian imports have risen sharply from one fiscal to the next.
Mon, Sep 10, 2018
Preponement of income tax return deadline drives up e-return numbersSubscriber Only
September 08, 2018 00:54 IST
In the 2018-19 financial year, the tax department announced that returns filed after August 31, 2018, will attract penalty of Rs 5,000.
Sat, Sep 08, 2018
Parliamentary Standing Committee on Finance: ‘RBI should bear responsibility to fix flaws with its oversight functions’Subscriber Only
September 06, 2018 01:30 IST
The Committee emphasised that the present banking sector crisis, which is transient, should not become an alibi for privatisation of public sector banks (PSBs).
Thu, Sep 06, 2018
Why rupee fall remains a worrySubscriber Only
September 04, 2018 00:25 IST
Fuel prices jump as rupee hits another low, driven by rise in global crude prices and political uncertainty. How do these factors impact the national economy, what are India’s options for addressing the situation?
Tue, Sep 04, 2018
How Adani won Ruchi Soya, why Patanjali objectsSubscriber Only
September 03, 2018 00:20 IST
After creditors selected Adani Wilmar’s resolution plan, Patanjali has moved the Mumbai bench of the National Company Law Tribunal (NCLT) seeking disqualification of the plan. Why is the acquisition important, and what is the dispute?
Mon, Sep 03, 2018Annual Report 2017-2018: RBI may extend February 12 circular on stressed assets to NBFCsSubscriber Only
August 30, 2018 01:12 IST
Inclusion of NBFCs within the new stressed asset resolution framework would increase the number of cases under the IBC.
Thu, Aug 30, 2018
RBI circular on bad loans: Rs 3 lakh crore loans to come under IBC for resolutionSubscriber Only
August 25, 2018 05:37 IST
As much as Rs 3 lakh crore worth of loans of 70-80 companies is likely to come in for resolution under the Insolvency and Bankruptcy Code (IBC) starting early next week.
Sat, Aug 25, 2018
Bank deposits: Government against raising insurance cover to Rs 15 lakhSubscriber Only
August 23, 2018 00:11 IST
The coverage under the Deposit Insurance and Credit Guarantee Corporation (DICGC) was last revised in 1993 from Rs 30,000 to Rs 1 lakh per depositor per bank.
Thu, Aug 23, 2018
Explained: Backstory of GDP back series and the controversy surrounding itSubscriber Only
August 22, 2018 00:09 IST
Why has a report suggesting that the Indian economy grew faster under the UPA than during the last four years, triggered a controversy? What goes into making statistical estimates such as these?
Wed, Aug 22, 2018
Kerala floods: Insurance firms look at over Rs 1,000-crore claims, banks may restructure loansSubscriber Only
August 21, 2018 03:12 IST
Kerala Floods: Financial services firms Jefferies said the floods will lead to recovery delays and losses for banks, especially in agriculture loans, home loans and credit micro, small and medium enterprises.
Wed, Aug 22, 2018
Nirav Modi scam: Government lets CBI move against two former PNB officialsSubscriber Only
August 14, 2018 05:05 IST
In May, while probing the alleged fraud involving diamantaires Modi and his uncle Mehul Choksi, the CBI had named 25 accused, including Ananthasubramanian and Sharan, and Nirav Modi’s three firms Stellar Diamonds, Solar Exports and Diamond R’ US, in its charge sheet.
Tue, Aug 14, 2018
Rs 2000 crore fraud: Former Bhushan Steel MD Neeraj Singal arrested by SFIOSubscriber Only
August 10, 2018 04:43 IST
Neeraj Singal was sent to judicial custody until August 14. Bhushan Steel has been acquired by a Tata Group company under the Insolvency and Bankruptcy Code.
Fri, Aug 10, 2018
Stressed assets: ‘MSMEs worse-placed than power projects’Subscriber Only
August 09, 2018 01:04 IST
On February 12 this year, the RBI had issued a ‘Revised Framework for Resolution of Stressed Assets’ that stipulates that default of even a single day in payment of interest or principal amount would trigger a formulation of resolution plan by the committee of creditors.
Thu, Aug 09, 2018
Urban Co-op Banks: Violations seen across 621 lenders during note ban, reveals RBISubscriber Only
August 01, 2018 01:00 IST
While UCBs are registered as cooperative societies supervised by the Registrar of Cooperative Societies, the RBI regulates and supervises the banking functions of UCBs under the provisions of Banking Regulation Act, 1949.
Wed, Aug 01, 2018
SBI issues 980 electoral bonds worth Rs 438 crore; political parties redeem Rs 427 croreSubscriber Only
July 24, 2018 02:25 IST
These bonds have a life of 15 days from the date of issue and no payment is made to any payee political party depositing them after expiry of the validity period.
Tue, Jul 24, 2018
Piyush Goyal introduces insolvency amendment Bill in Lok SabhaSubscriber Only
July 24, 2018 02:20 IST
The Bill replaced the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, which was approved by President Ram Nath Kovind last month. A total of Rs 4 lakh crore worth of stressed assets are currently undergoing resolution under the IBC.
Tue, Jul 24, 2018
Public sector banks set to close 1/3rd of branches outside IndiaSubscriber Only
July 23, 2018 04:52 IST
State Bank of India, Punjab National Bank, Indian Overseas Bank, IDBI Bank and Bank of India are among the state-owned banks leading the process of scaling down overseas operations.
Mon, Jul 23, 2018
Railways: Bullet train load increases, told to get funds from marketSubscriber Only
July 22, 2018 02:51 IST
While the Finance Ministry is learnt to have said that it will pay the principal, the Railways has communicated that it will not be able to bear the yearly interest and associated charges.
Sun, Jul 22, 2018
Don’t see problem in getting RBI nod for LIC-IDBI Bank deal, says officialSubscriber Only
July 19, 2018 00:24 IST
LIC meets the RBI requirements of acquiring a banking company and it should pass through the “filter tests” of the RBI, said a senior government official.
Thu, Jul 19, 2018Govt gives nod to Iran bank in Mumbai before US sanctionsSubscriber Only
July 14, 2018 06:25 IST
In the wake of US sanctions, India may explore the possibility of reviving the rupee-rial arrangement to import oil from Iran that it has used in the past.
Sat, Jul 14, 2018
Buyout by LIC might lead to capital infusion in IDBI BankSubscriber Only
July 11, 2018 03:00 IST
Preferential allotment is a process by which allotment of shares is done in bulk by the company to a select group of investors.
Wed, Jul 11, 2018
Home Ministry flags Chinese bank eyeing second branch in IndiaSubscriber Only
July 09, 2018 04:56 IST
Sources said the MHA has voiced concerns that ICBC — the world’s largest bank by total assets — has employed more than the authorised number of Chinese nationals at its existing Mumbai branch.
Mon, Jul 09, 2018
Nomura exits, Citibank enters and domestic MFs stay putSubscriber Only
July 09, 2018 03:00 IST
On May 27, 2018 through a filing with the stock exchanges, Manpasand Beverages Ltd informed that the company’s statutory auditors have resigned with effect from May 26 and that the company has appointed a new auditor.
Mon, Jul 09, 2018
Hasmukh Adhia: ‘Stable e-way bill system, new IT infra, small changes in GST law to be priorities in 2nd year’Subscriber Only
June 27, 2018 01:17 IST
He said natural gas and ATF are “two easier candidates for inclusion” under GST, but the timing will have to be determined by the GST Council. Edited excerpts:
Wed, Jun 27, 2018
When an insurer buys a bankSubscriber Only
June 27, 2018 00:36 IST
State-owned LIC plans to buy a controlling stake in IDBI Bank. While LIC will get the bank that it has been wanting and the government will have completed a disinvestment, should an insurer be using policyholders’ money to buy a controlling stake in a troubled bank?
Wed, Jun 27, 2018Journalism of Courage
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