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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 8
Lower divestment, spectrum auction receipts hit non-tax collection targetSubscriber Only
January 14, 2021 03:00 IST
With a shortfall, the concern is of excess reliance on off-balance sheet borrowing through the internal and extra-Budgetary resources, which is deployed by the Central Public Sector Enterprises and departmental undertakings.
Thu, Jan 14, 2021
Zero coupon bonds: Innovative Govt tool to fund PSBs, keep deficit in checkSubscriber Only
December 28, 2020 06:29 IST
Zero coupon bonds: The funds raised through issuance of these instruments, which are a variation of the recapitalisation bonds issued earlier to public sector banks, are being deployed to capitalise the state-run bank.
Fri, Jan 01, 2021
PSBs scan older loans, may lead to more fraud discoverySubscriber Only
December 22, 2020 03:00 IST
Sources said banks are reviewing loan accounts, which have already been flagged for monitoring, and more large accounts are likely to be reported as fraud in the next couple of months.
Tue, Dec 22, 2020
Explained: Why does Budget-making exercise begin with consultations with stakeholders?Subscriber Only
December 15, 2020 07:10 IST
The Budget is like a financial plan of the government for the next year; it provides various financial numbers for the current year, and makes projections for the next year.
Wed, Dec 16, 2020
State-owned cos plan greater investor outreach to boost market valuationSubscriber Only
December 14, 2020 03:00 IST
Concerns over PSU stocks over the last year have led to foreign portfolio investors (FPIs) lower their holdings, as they pumped in a net of `1.56 lakh crore into equities in April-November, but did not pay much attention to state-owned companies.
Mon, Dec 14, 2020
Liquidity push for debt markets: Plan to list G-secs on global bond indicesSubscriber Only
December 11, 2020 03:00 IST
The Reserve Bank of India had on March 30 notified a fully accessible route for investment by non-residents in government securities without any ceilings.
Fri, Dec 11, 2020
Chandra Shekhar Ghosh: ‘Our credit growth steady … disbursement during festive season almost 95% of last year’Subscriber Only
December 01, 2020 01:01 IST
Chandra Shekhar Ghosh said the Reserve Bank of India (RBI) internal working group’s recent suggestions of allowing higher promoter shareholding would strengthen banks, while any licences to corporate houses should be subject to greater supervisory regulations.
Tue, Dec 01, 2020
Amid divestment plans, PSUs lag in market rally, FPIs show little interestSubscriber Only
November 30, 2020 04:40 IST
While the BSE Sensex has risen by 50 per cent between March 31 and November 24, the BSE PSU index has risen by only 18.7 per cent.
Mon, Nov 30, 2020
Covid to washout FY21, economists see 10% growth in FY22 on low baseSubscriber Only
November 28, 2020 00:25 IST
Pick up in economic activity, negligible chances of lockdown boost hopes of next fiscal seeing positive growth.
Sat, Nov 28, 2020
Need tighter supervision before corporates run banks, say expertsSubscriber Only
November 27, 2020 04:50 IST
A cross-section of stakeholders contacted by The Indian Express, including three of the ten experts consulted by the RBI's Internal Working Group which last week favoured entry of business houses, said companies can bring in much-needed capital, business experience and managerial competence into banking.
Fri, Nov 27, 2020
Explained: Why China’s negative yield bonds are in demandSubscriber Only
November 24, 2020 03:19 IST
At a time when the world is battling the Covid-19 pandemic and interest rates in developed markets across Europe are much lower, investors are looking for relatively better-yielding debt instruments to safeguard their interests.
Tue, Nov 24, 2020
In eight months, forex reserves rise by more than $100 billionSubscriber Only
November 22, 2020 00:24 IST
This jump of 22 per cent has come following a sharp decline in imports alongside strong foreign investment inflows in the second half of the calendar year.
Sun, Nov 22, 2020
Moratorium on Lakshmi Vilas Bank: What does it mean for depositors, financial sector?Subscriber Only
November 19, 2020 01:40 IST
RBI has imposed a moratorium on Lakshmi Vilas Bank and drafted a scheme for a merger. What does this mean for depositors, and for the financial sector, which has witnessed a series of failures in recent years?
Thu, Nov 26, 2020
Lenders to get extra funds to buy bonds, other debt instruments of stressed cosSubscriber Only
November 17, 2020 03:31 IST
Sources said the Reserve Bank of India (RBI) plans to provide additional liquidity to banks that can be used to buy bonds or other debt instruments of stressed companies.
Tue, Nov 17, 2020
Atmanirbhar 3.0: How the stressed sectors, job creation, real estate will benefitSubscriber Only
November 12, 2020 19:36 IST
Announcing new stimulus measures, Finance Minister Nirmala Sitharaman said the "unrelenting reform pitch" of the government has helped in a "strong recovery" taking root in the economy.
Sun, Nov 15, 2020
Facing credit card defaults, banks move to settle duesSubscriber Only
October 28, 2020 06:07 IST
Banks and card issuers have managed to show lower NPAs so far due to the moratorium that was valid till August 2020 — the issue of interest waiver is being heard in the Supreme Court.
Wed, Oct 28, 2020
To maximise liquidity for MSMEs, govt may extend credit scheme deadlineSubscriber Only
October 26, 2020 03:12 IST
Banks have sanctioned 62.52 per cent of the targeted Rs 3 lakh crore under the ECLGS for stressed MSMEs, while disbursements were at 45.38 per cent of the total amount as of October 5, up from 47.7 per cent sanctions and 32.9 per cent disbursements recorded as on August 12.
Mon, Oct 26, 2020
Centre waives compound interest on loans up to Rs 2 crore: How will the cashback work?Subscriber Only
October 24, 2020 17:15 IST
Loan cash back scheme: A borrower with a Rs 50 lakh home loan outstanding, for example, will get a benefit of around Rs 12,425 in the form of savings on accounts of compound interest for a six months period, assuming the rate of interest at 8 per cent.
Sun, Oct 25, 2020
Late-Stage Trials: ‘Committed’ to mass vaccination, govt yet to finalise fund allocationSubscriber Only
October 23, 2020 01:09 IST
With various vaccine candidates progressing to late-stage human trials here, some experts feel the cost that the Centre will bear may become clearer by early 2021.
Fri, Oct 23, 2020
Monetisation of idle land: Railways, Defence, BSNL in lineSubscriber Only
October 22, 2020 04:46 IST
Sources said that after a detailed assessment of surplus land assets, various ministries are now ready to go ahead with monetisation of idle parcels for commercial development and infrastructure creation.
Thu, Oct 22, 2020
Govt targets Rs 1 lakh crore spend by March-end, announces new LTC voucher, festival advanceSubscriber Only
October 13, 2020 04:30 IST
But experts say demand impetus will be small, need bigger stimulus
Tue, Oct 13, 2020
Explained: Here’s what the Centre has proposed in its LTC schemeSubscriber Only
October 12, 2020 16:16 IST
LTC cash voucher and festival advance scheme: The measures announced by the government are projected to create “additional demand” of Rs 1 lakh crore in the economy.
Mon, Oct 19, 2020
Path to revival: Many indicators linked to consumption regain pre-Covid levelsSubscriber Only
October 12, 2020 05:14 IST
Data shows that in September, demand for fuel and electricity — among the major indicators of economic activity — too surpassed February levels.
Mon, Oct 12, 2020
Credit guarantees to MSMEs: Private banks sanction more than PSBs for 1st time since launch of schemeSubscriber Only
October 08, 2020 03:09 IST
As of September 29, 12 public sector banks, 24 private banks and 31 non-banking financial companies (NBFCs) sanctioned Rs 1.86 lakh crore under the scheme, of which Rs 1.32 has been disbursed to 27.09 lakh borrowers, government data shows.
Thu, Oct 08, 2020
Explained: How your EMIs are affected by the govt waiver on levy of compound interestSubscriber Only
October 04, 2020 00:44 IST
If you had a loan outstanding of Rs 50 lakh for a remaining term of 19 years (228 months) at the beginning of the moratorium period and your interest rate was 8 per cent, the interest cost for the six-month period of the moratorium will come at close to Rs 2 lakh. This will have to be paid.
Sat, Oct 10, 2020Journalism of Courage
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