Sunny Verma is a Senior Assistant Editor with The Indian Express and writes on economy and finance.

June 02, 2021 03:01 IST
Under ECLGS, which is for helping firms tide over liquidity crunch resulting from Covid curbs, banks provide additional loans to existing borrowers without asking for extra collateral.
Wed, Jun 02, 2021
May 30, 2021 04:15 IST
The absence of a stringent nationwide lockdown has been a silver lining, it has ensured that industrial economic activity continued even if at a reduced level.
Sun, May 30, 2021
May 26, 2021 05:08 IST
As per the fresh set of regulations, an Indian insurance company with 74 per cent foreign equity should have majority of its directors, key management personnel, and at least one among the chairperson of its Board, its managing director and its chief executive officer; as resident Indian citizens.
Wed, May 26, 2021
May 19, 2021 03:00 IST
With the Cabinet clearance to the stake sale in place and legislative provisions already in line, the IDBI Bank transaction is expected to be faster than the process of privatising two other banks.
Tue, May 18, 2021
May 18, 2021 06:37 IST
Privatisation plans for key state-owned companies such as BPCL and Air India are likely to face delay and may stretch into later part of the year as the Covid-19 pandemic affects mobility of people, disrupting closure of transactions.
Tue, May 18, 2021
May 18, 2021 06:23 IST
According to data released by the Reserve Bank of India (RBI), while the direct investment to India in FY21 stood at $54.665 billion, FDI by India amounted to $11.299 billion, thereby resulting into a net FDI of $43.336 billion.
Tue, May 18, 2021
May 14, 2021 03:30 IST
Existing home loan customers are getting differential treatment from banks and HFCs. How have rates moved for HFCs and banks? What should existing customers do?
Fri, May 14, 2021
May 11, 2021 03:20 IST
Steel, the most commonly used input in construction sector and industries, is at all-time highs, as most metals including base and precious metals prices have gone through the roof over the last one year.
Mon, May 10, 2021
May 07, 2021 04:40 IST
The yield on the 10-year benchmark 5.85%, 2030 bond fell by 0.62% and closed at 5.978% on Wednesday, from 6.01% the previous day.
Fri, May 07, 2021
May 06, 2021 03:03 IST
The RBI’s decision to buy Rs 35,000 crore worth of bonds in May would help the market in absorbing a portion of the Rs 1.16 lakh crore of market borrowings by government during the month.
Thu, May 06, 2021
May 03, 2021 01:48 IST
In determining the Budgetary allocation for vaccine, the Finance Ministry initially estimated requirement of a total of 290 crore vaccine shots for the entire population, after taking into account two shots per individual and also the vaccine that is wasted during the entire process.
Mon, May 03, 2021
April 29, 2021 03:00 IST
Last October, the Central government had linked permission for additional borrowing of 1 per cent of their GSDP (Gross State Domestic Product) to implementation of four critical reforms.
Thu, Apr 29, 2021
April 27, 2021 03:00 IST
While the Central government has announced steps to ease imports of oxygen as well as related medical equipment, and extended the emergency credit line facility to stressed companies, another round of economic package is yet to be discussed.
Tue, Apr 27, 2021
April 23, 2021 04:10 IST
The government, which plans a law to ban private digital currencies, favours a digital currency backed by the Reserve Bank of India.
Fri, Apr 23, 2021
April 22, 2021 04:48 IST
The proposed legislation on cryptocurrencies which is likely to ban digital currencies is expected to provide an exit window to the existing crypto holders of private entities.
Thu, Apr 22, 2021
April 20, 2021 04:11 IST
The change in rules would effectively enable the Health Ministry to make advance payments of Rs 3,000 crore to Serum Institute of India (SII) and Rs 1,500 crore to Bharat Biotech for procuring vaccines.
Tue, Apr 20, 2021
April 19, 2021 01:22 IST
According to the RBI’s KYC regulations, periodic updation of KYC should be carried out at least once in every two years for high-risk customers, once in every eight years for medium risk customers and once in every ten years for low-risk customers.
Mon, Apr 19, 2021
April 17, 2021 06:19 IST
To provide relief to stressed companies, the Finance Ministry on Friday expanded the scope of a government-guaranteed credit facility to healthcare and stressed sector companies that have loan dues for up to 60 days (or SMA-1 accounts), as against 30 days earlier (SMA-0).
Sat, Apr 17, 2021
April 14, 2021 04:32 IST
A scrutiny of the list shows that it includes one BJP MLA; three ex-MLAs/candidates and one ex-MLA of AJSU (BJP ally in Jharkhand); six members of Laghu Udyog Bharati (LUB); six BJP functionaries; two former members of FICCI and one member from Gujarat.
Wed, Apr 14, 2021
April 12, 2021 01:26 IST
While the US initiative is aimed at addressing the threats of tax leakages being posed by tax havens across the globe, the issue of equalisation levy or digital taxes should also be addressed positively, government sources said.
Mon, Apr 12, 2021
April 10, 2021 01:36 IST
US Treasury Secretary Janet Yellen has urged G20 nations to move towards a global minimum corporate tax. What can this mean for India, other economies, and corporations that benefit from low-tax regimes?
Sat, Apr 10, 2021
April 09, 2021 04:30 IST
The currency fell sharply by 105 paise against the dollar on Wednesday. With the trend expected to continue, how does it affect your costs at home and abroad, and how should you manage your funds?
Thu, Apr 15, 2021
April 09, 2021 03:56 IST
The Department noted the crucial efforts of bankers over the past one year in ensuring that bank branches remain open and functional, and providing the complete suite of banking services to their customers.
Fri, Apr 09, 2021
April 07, 2021 11:28 IST
RBI Monetary Policy 2021: The RBI's decision comes amid a surge in Covid-19 cases that has prompted many states to impose fresh lockdown restrictions this week, triggering concerns over the economic recovery that is underway.
Wed, Apr 07, 2021
April 03, 2021 03:48 IST
The anti-incumbency Banerjee faces is as much about local-level corruption and competing ideologies as it is about stalled industrialisation, weak credit growth, a near-freeze in new jobs, low infrastructure development and agriculture spend.
Sat, Apr 03, 2021



