"The idea is to get better valuation for these stressed assets by increasing transparency," a govt official told Moneycontrol.
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.
There is room to do away with the tax levied on interest earned on deposits for senior citizens, including the Senior Citizens Savings Scheme.
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.
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.
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
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 RBI will now be expected to do its bit to complement the government’s efforts to reverse the slowdown.
Physical presence of officials has all but killed the ‘attempted digitisation’ and with it, hopes of the fintech sector
Income Tax records of existing beneficiaries may hold clues
Lax supervision – whether it is RBI’s fault or because it has to jointly supervise cooperative banks with state governments – ultimately ends up hurting depositors.
Markets will take hope from the RBI governor's assertion that there is space for further rate cuts as the inflationary situation remains well under control.
The tax cuts were essential -- if they provide a cyclical boost too, that is an added bonus.
Balance sheet data for listed firms showed that the bulk of the cash was used for share buybacks, dividend payouts and for strengthening the balance sheet.
It should not be viewed as selling the family silver but for changing the structure of PSUs and improving their efficiency.
"We have an open mind and with an open mind, we are looking at several sectors," Goyal said.
Piyush Goyal also announced the launch of a new scheme called NIRVIK (Niryat Rin Vikas Yojna) by the Export Credit Gurantee Corporation of India.
FDI policy fails to address key regulatory issues such as delay in environmental clearances and land acquisition and lack of availability of coal rakes.
All the measures announced are unlikely to make anything more than a marginal impact on the export performance.
The two major concerns of the hospitality and food services industries are prohibitive costs of starting a business and delays in obtaining licences and permits, the report said
India's goods exports in July posted a marginal growth of 2.25 percent (year-on-year) to $26.33 billion as out-bound shipments from major sectors such as petroleum, gems and jewellery, engineering goods and leather registered a decline.