Instead of engaging in a futile blame game, the union finance ministry has to address the deep rooted malaise afflicting the financial sector
"The idea is to get better valuation for these stressed assets by increasing transparency," a govt official told Moneycontrol.
BofA-ML fund manager survey's contrarian trades are: long stocks-short cash, long UK energy-short US REITs, short pharma-long industrials.
Policy makers must find a way to wean the markets off their addiction to the narcotic of easy money
The fact that so few cases are resulting in resolution is not necessarily a function of the IBC process itself. It is the function of a slowing economy.
On the flip side, oil and commodity exporters such as Saudi Arabia, Kazakhstan, Nigeria, Russia and Indonesia will see windfall losses
The shrinking of India’s non-petroleum product exports is an indication of loss of competitiveness
There is room to do away with the tax levied on interest earned on deposits for senior citizens, including the Senior Citizens Savings Scheme.
The system of decision making which the indirect tax embodies is unique and needs to be preserved at all costs
Apart from the Communist countries, India’s government spending is higher than East Asian countries, as a percentage of GDP
Banks should be looking at other options for recovering loans before invoking IBC, especially in those cases where the amount of bad loans is not significant, he said.
ZHU Xiaohong, Counselor, Embassy of People’s Republic of China, said that the India should focus more on the '4Cs' -- compatibility, competitiveness, creativity and cooperation.
The proposal will cost the exchequer a total of Rs 16,000 crore.
RBI survey on business sentiment in Indian manufacturing at lowest level since the global financial crisis
Optimism about higher discretionary spending in the next one year is the lowest in at least four years
An immediate investment revival may prove elusive, given moderate capacity utilisation levels
Soft inflation and muted growth suggest there is room to cut rates further despite fears of fiscal slippage
Risk aversion among lenders and lack of demand are the key culprits
What’s left unsaid in the monetary policy resolution are the concerns about the fiscal situation.
Following are the key takeaways from the Monetary Policy document
The working group proposes surplus conditions and development of long-term repos
Rate cut to deepen the coordinated counter-cyclical policy stimulus measures to revive consumption, investment and growth
India’s September manufacturing PMI, though weak, is much better than the global average
As the RBI has succeeded in stabilising immediate economic settings, it will now play a bigger role in restoring the confidence in financial system to preserve policy effectiveness.
The sharp cut in corporate tax rates especially for new projects should help propel an investment demand recovery in the December quarter.