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Sunny Verma
Sunny Verma is a Senior Assistant Editor with The Indian Express and writes on economy and finance.
More From Sunny Verma - Page 5
Oil bonds launched by the UPA: why, how much, and what NDA arguesSubscriber Only
August 18, 2021 02:25 IST
Oil bonds UPA: Instead of paying direct subsidy to oil marketing companies from the Budget, the then government issued oil bonds totalling Rs 1.34 lakh crore to the state-fuel retailers in a bid to contain the fiscal deficit.
Tue, Aug 24, 2021
Gati Shakti to build on NIP; focus on infra investment ‘integration’Subscriber Only
August 17, 2021 03:00 IST
Finance Minister Nirmala Sitharaman said on Monday the Gati Shakti project is aimed at creating “an integrated framework” for infrastructure development across the country, which will ensure that various economic hubs are able to better utilise the investments on the sector being done by the government and private players.
Tue, Aug 17, 2021
17 cases on tax table, Centre reaches out to companies for closureSubscriber Only
August 12, 2021 04:00 IST
These negotiations could be wrapped up within the next month, sources said, adding that any formal statement by either the Government or the companies would be issued only after that.
Thu, Aug 12, 2021
Viability of telecom sector: Govt likely to push for floor priceSubscriber Only
August 11, 2021 04:00 IST
Officials in the Department of Telecommunications (DoT) said a floor price, which may even be set informally, will act like a support mechanism akin to the FRP (fair and remunerative price) for the sugarcane industry. “The floor price could be hiked by up to Rs 30 per user,” the official said.
Wed, Aug 11, 2021
Task cut out for DoT to convince FinMin on telecom relief packageSubscriber Only
August 09, 2021 03:00 IST
Among the relief package options are a possibility of extending the moratorium on spectrum payment obligations by few more years or allowing the telcos to encash, for some years, the bank guarantees the they have submitted before asking them to re-submit, the sources said.
Mon, Aug 09, 2021
Retrospective tax policy: NDA called it tax terror; took 7 years and adverse verdicts to course-correctSubscriber Only
August 06, 2021 04:00 IST
Though delayed, the decision sends out a loud and clear message to global investors that India will course-correct, and bite the bullet even if circumstances around it aren't exactly propitious. The move also sets out India’s stand as a nation on the principle of taxation.
Wed, Aug 11, 2021
In signal to global investors, Govt moves to bury controversial retrospective tax policySubscriber Only
August 05, 2021 18:11 IST
Following the retrospective amendment moved by the UPA government in 2012, tax demands have been raised in 17 cases, including against British telecom company Vodafone and gas major Cairn Energy.
Fri, Aug 06, 2021
Exempting select PSUs from minimum free float norm reverses govt stanceSubscriber Only
August 04, 2021 03:30 IST
Sections in the government and market participants feel the move would affect liquidity in PSU company stocks, dissuade institutional investors and may even have a bearing on the disinvestment programme.
Wed, Aug 04, 2021
MSME liquidity line set to widen as more NBFCs start ‘factoring’Subscriber Only
August 03, 2021 03:00 IST
Factoring law amendments have been cleared in both Houses of Parliament in the current session. This will enable nearly 9,000 NBFCs to participate in the factoring market instead of just seven now.
Tue, Aug 03, 2021
Amendments to privatise general insurer gets Cabinet green lightSubscriber Only
July 30, 2021 04:00 IST
The Finance Ministry, in consultation with the NITI Aayog and a core group of secretaries on disinvestment, will finalise the insurance company that is to be privatised.
Fri, Jul 30, 2021
Changes to deposit insurance laws: How account holders will gainSubscriber Only
July 29, 2021 19:58 IST
The Union Cabinet has cleared changes to the deposit insurance laws to provide funds up to Rs 5 lakh to an account holder within 90 days in the event of a bank coming under the moratorium imposed by the RBI.
Sat, Jul 31, 2021
Stimulus ‘inadequate’, 25% of MSME loans may default: PanelSubscriber Only
July 28, 2021 03:18 IST
Expressing concern over the grim situation of small enterprises, the committee recommended the government to unveil a “larger economic package aimed at bolstering demand, investment, exports and employment generation to help the economy, including MSMEs.”
Wed, Jul 28, 2021
“Enough time given’: No relief likely for barred payment cosSubscriber Only
July 27, 2021 03:00 IST
The latest draft of the personal data protection Bill also envisages a strict regime for localised storage of sensitive personal and financial data, an IT Ministry official said.
Tue, Jul 27, 2021
ARCs stretched, ‘bad bank’ road map: Rs 2 lakh crore of stressed assetsSubscriber Only
July 21, 2021 03:08 IST
This is set to rise going forward as sources say that NARCL may have a capital base of Rs 6,000-7,000 crore eventually. Some private sector banks are also expected to pick up equity stake in the company.
Wed, Jul 21, 2021
Cryptocurrency bank plans India operations, takes cooperative route to get around RBI rulesSubscriber Only
July 19, 2021 04:14 IST
The “bank” has ambitious plans to extend loans to buy cryptocurrencies and open savings accounts for customers. The government is also planning to bring in a law to regulate cryptocurrencies.
Mon, Jul 19, 2021
Explained: Here’s what to consider before investing directly in govt securitiesSubscriber Only
July 16, 2021 04:10 IST
Greater participation will support the government’s expanding borrowings plan, estimated at around Rs 12 lakh crore annually.
Wed, Jul 21, 2021
To privatise a general insurer, Centre set to amend 1972 lawSubscriber Only
July 16, 2021 02:38 IST
The Centre has set the disinvestment target for 2021-22 at Rs 1.75 lakh crore, lower than the Rs 2.1 lakh crore in 2020-21.
Fri, Jul 16, 2021
As forex returns dwindle, RBI, govt turn to experts for deployment adviceSubscriber Only
July 12, 2021 03:05 IST
Last month, the RBI and the finance ministry held discussions on the issue of better management of forex reserves. The RBI’s Department of External Investments and Operations (DEIO) invests forex keeping in mind the objectives of safety, liquidity and return, in that order, as part of its management of foreign exchange reserves.
Mon, Jul 12, 2021
Shares up post Carlyle deal, top PNB Housing execs sold off ESOPsSubscriber Only
June 25, 2021 04:16 IST
Between June 2 and June 22, at least 23 senior executives of the company sold their shares worth an aggregate of over Rs 13 crore.
Fri, Jun 25, 2021
IDBI Bank privatisation process kicks offSubscriber Only
June 23, 2021 03:01 IST
The government currently owns 45.48 per cent equity in IDBI Bank, while Life Insurance Corporation has 49.24 per cent stake and remaining 5.29 equity is held by public shareholders.
Wed, Jun 23, 2021
PNB Housing can hold EGM but concern in Govt over its Rs 4000-crore Carlyle dealSubscriber Only
June 22, 2021 04:18 IST
Officials are flagging concerns over the “fairness of process and valuation,” and the way the deal has been structured in which shares have been sold at a discount to the book value.
Tue, Jun 22, 2021
Second wave: 60% addition to bad loans from MSMEsSubscriber Only
June 21, 2021 04:07 IST
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.
Mon, Jun 21, 2021
Experts see new surge in bad loans, could rise to 13-15% this FYSubscriber Only
June 16, 2021 04:17 IST
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.
Wed, Jun 16, 2021
Explained: What is the SDG India Index, and how does your state rank?Subscriber Only
June 04, 2021 11:21 IST
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?
Tue, Jun 08, 2021
To prevent delays in LIC IPO, valuation process on fast trackSubscriber Only
June 03, 2021 05:51 IST
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.
Thu, Jun 03, 2021Journalism of Courage
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