SECTOR
Seasonal loan contraction lower this year compared to the last
Data seem to indicate that firms, especially large companies, seem to be drawing up to their limits and not repaying, thanks to the moratorium
BUSINESS
Darkness refuses to lift around Indian power sector
More than a liquidity lifeline is needed now
BUSINESS
Bringing cooperative banks under RBI supervision is a good move, but it is not enough
Government should introduce bankruptcy law for financial corporations and the central bank should beef up supervisory capability
BUSINESS
Yes Bank interest default a warning on what rising NPAs could do
The expected sharp rise in NPAs brings two inter-linked issues to the fore. One is the need to augment bank capital. Second, we need to conclusively address the bad loan issue so that lending gains traction and supports the economic recovery.
BUSINESS
How long will the rise in fuel prices continue?
BUSINESS
The thorny issue of bank ownership
Bearing down on boards and separating ownership and management is fine, but RBI has to strengthen its own supervision capabilities.
BUSINESS
Needed: A credit backstop for investment-grade NBFCs
Liquidity measures have had their day. They haven’t helped lower-rated companies
BUSINESS
Big industry borrowed more during the first month of lockdown, RBI data show
Salary cuts and layoffs seem to have affected consumption and personal loans.
ECONOMY
RBI does what it can. But will it be enough?
The central bank needs more support from the government
ECONOMY
The sore point with the MSME credit guarantee scheme
Borrowers who don’t have access to formal finance will be left high and dry.
BUSINESS
Big bang reforms paint vision of a prosperous India, but how will we reach there?
In the immediate term, the package does little to boost demand, is inadequate although it adds up to a notional 10 percent of GDP, and leans too heavily on a spluttering financial system.
MARKETS
A 1991 moment for agriculture
Key reforms will free farmers from the clutches of middlemen and trader cartels, open new channels and foster investments and competition in the agri supply chain.
BUSINESS
Day 2 of economic package: Still waiting for the demand boost
Will the next set of measures be about putting more money into the hands of businesses and the middle class to boost demand?
BUSINESS
A stimulus on the cheap
Finance minister announces a bunch of measures to ease liquidity. But question of boosting demand remains.
ECONOMY
Rs 4.2 lakh crore extra borrowing may not be enough for a fiscal stimulus
As nominal GDP growth plummets, there is a risk of a huge shortfall in revenue receipts
BUSINESS
Debt knell for blue chip issuance points to confidence deficit
High spreads also point to failure of RBI’s targeted long term repos
ECONOMY
Oil tax hike | Waiting for lunch after paying for it
Taxes as a percentage of base price are 260 percent for petrol and 256 percent for diesel.
ECONOMY
The power sector's coronavirus problems don't stop at weak demand
Liquidity infusion needed in the short term, reforms for the long term
MARKETS
Fed meeting points to dollar weakness. How much will the Indian rupee benefit?
On balance, we are looking at a gradual depreciation of the Indian currency. COVID-19 will be the difference between the rupee at 76 to a dollar or 85 in another six months.
ECONOMY
Suspending bankruptcy law will cause more harm than good
The main advantage of the IBC is that it lays out a clearly defined process that seeks to keep the business as a going concern
ECONOMY
Liquidity line to MFs: RBI’s all-too-familiar method of directed lending may not work
Who will bear the credit risk?
ECONOMY
RBI COVID Package 2.0 | It’s not enough to assure banks to bear risks
Second package is better targeted towards NBFCs and HFCs, but could prove insufficient to meet the credit demands of those who need it the most.
ECONOMY
Lockdown Relaxation | Devil lies in the implementation
On paper, these guidelines can help growth recover but their on-ground implementation is crucial for success
ECONOMY
MPC expects more fiscal stimulus; sees current package only as a cushion
Even if inflation is not an immediate concern, panel also wants to conserve some policy space to boost economy once normal activity resumes
