Banikinkar Pattanayak

Articles By Banikinkar Pattanayak

649 Articles

Offshore Sovereign Bond: Government to gauge macro risks before taking final call

On top of these, the government will also have to decide if the overseas borrowing will be an annual feature or such securities will be issued only occasionally when there is a pressing need for it.

Sovereign Bond, Offshore Sovereign Bond, macro risks, Subhash Chandra Garg, macro-economic impact, economy news

Economic slowdown: Govt plans urgent steps to boost exports

Though the goods and services tax (GST) regime has subsumed a plethora of levies, some still exist (petroleum and electricity are still outside the GST ambit, while other levies like mandi tax, stamp duty, embedded central GS

commerce ministry, indian economy, union cabinet, goods and services tax, GST, central bank, mandi tax, stamp duty, economy news

Suspension of trade: Pakistan move to have negligible impact on India

India had granted the MFN status, a jargon for giving equal treatment to all trade partners under the WTO framework, to Pakistan unilaterally in 1996.

india pakistan trade, india pakistan trade news, india pakistan trade volume, india pakistan trade items list, india pakistan trade relation, india pakistan economy comparison, india pakistan economy news

India to rethink RCEP engagement if China denies market access

Even without the deal, India’s merchandise trade deficit with the RCEP grouping hit $105 billion in FY19 (60% of its total deficit)

Industry News

Offshore sovereign bonds: Govt weighing risks and rewards

The government is far from finalising details of its offshore bond sale plan, as it is in the process of working out various operational aspects and weighing potential macroeconomic impact of the move, a source told FE.

Economy News

Government to decide on Subhash Chandra Garg’s successor, panel to meet again: Bimal Jalan

FE had reported last week that although the Jalan panel’s report was being edited after recommendations were finalised in its last meeting on July 17, it might seek views of the finance ministry again.

Economy News

Offshore sovereign bond plan under review amid calls for caution

New DEA secretary set to re-examine proposal, hold talks with RBI and brief PMO

Atanu Chakraborty, finance ministry, department of economic affairs, Subhash Chandra Garg, foreign investors, offshore sovereign bonds News

Subhash Chandra Garg’s exit may delay Jalan panel report, offshore bond plan

Panel may seek opinion of new DEA secy; Garg opts for VRS after Oct 31

Economy News

Andhra for Andhraites: Will spur similar demands in other states

Clearly, Andhraites have moved out at a rapid pace in pursuit of work to other states that have been generous in accommodating them.

Opinion News

Make in India: Apple seeks lower tariffs for smartphone makers to boost exports

Apple has already started the assembly of iPhones in India (Phone SE in 2017 and iPhone 6s in 2018) through Wistron at its Bengaluru unit.

Industry News

Govt to amend IBC to facilitate mediation for individual creditors

Currently, current accountants, company secretaries, cost accountants and lawyers can become insolvency professionals if they fulfil the criteria and clear an examination conducted by the IBBI.

Industry News

IL&FS: Centre expects recovery to exceed 50%

‘Green’ entities are those which can pay all their obligations while ’ambers’ are those that can meet their obligations only partially. “Reds” are those that cannot meet any of their obligations.

Industry News

Budget 2019: Govt to cut extra-budgetary loans; funds to PSU banks meant to boost lending

Budget 2019 India: Finance secy says a big portion of PSB recap is meant to spur lending

Budget 2019 India, Budget 2019-20 News

Govt may raise $10 billion via first sovereign bond overseas, says finance secretary Subhash Chandra Garg

The government could raise around $10 billion from the issuance of its first overseas sovereign bond, as it expects a great enthusiasm for its securities in the foreign market. In an interview to FE on Saturday, finance secre

Sovereign Gold Bonds, SGB, Government of India, Reserve Bank of India, RBI, rupee, debt underwriter, bond market, sovereign bond market, Federal Reserve, ICICI, indian rupee, indian bonds, bond market, bonds, rupee, narendra modi, News

Budget 2019: Easier sourcing rules to help Apple, Ikea; retail, aviation, media sectors to see more foreign fundings

Budget 2019 India: Easier sourcing rules to help Apple & Ikea; retail, aviation, insurance, media to be opened up more.

Budget 2019-20, Union Budget 2019 India News

Budget 2019: RBI to regulate housing finance companies

Budget 2019 India: Earlier this month, DHFL defaulted on repayment, which led to a slew of rating downgrades and worsened fears of a spill-over contagion effect.

Union Budget 2019 India, Budget 2019-20 News

Budget 2019: How Modi government can dispel ‘jobless growth’ notion, boost labour-intensive sectors

Budget 2019-20: Keen to soften the blow for the MSME sector that was hit by the double whammy of demonetisation and the goods and services tax (GST), finance minister Nirmala Sitharaman could also heed industry demand for a 2

Budget 2019, Union Budget 2019 India, Budget 2019 India, GDP growth capital expenditure Budget 2019-20, Budget 2019 GDP growth capital expenditure, Union Budget 2019 India GDP growth capital expenditure, Ranen Banerjee, PwC News

Govt may use small saving fund money to finance deficit

The government’s reliance on NSSF has only grown in recent years. From just 1.8% in FY13, NSSF funds financed 19.7% of fiscal deficit in FY19 and are budgeted to contribute 18.5% of the deficit in FY20, according to analyst

NSSF kitty, INdian government, National Small Savings Fund, welfare schemes, money, economy news

PSU banks may get Rs 40,000 cr capital; Rs 5,000 cr infusion likely for 3 insurers

With uncertainties hovering around the amount of surplus transfer from the Reserve Bank of India to the government, the capital infusion into PSBs in FY20 will most likely be through recap bonds again.

insurance, insurance companies, DIPAM, Ministry of Finance, National Insurance Company, Oriental Insurance Company, United India Insurance Company, IRDA, disinvestment, Insurance Regulatory and Development Authority News

Modi govt plans more features to flagship schemes to push inclusion

Govt working on adding new features to Jan Dhan, Mudra, Suraksha Bima Yojana and Atal Pension schemes.

Banking & Finance News

Trade winds: Big jump in electronics exports allays deficit fears

Massive electronics imports and their debilitating impact on trade balance have long pressured the country’s current account, but a spurt in electronics exports since last year has pleasantly surprised policymakers.

Economy News

PSU disinvestment: Govt to sell stake in 3 insurers to New India Assurance

Another option being considered is to merge all the four companies, instead of the proposed three, to create an LIC-type mega insurer in the general insurance space and avoid undercutting each other.

Markets News

Farm exports: Cabinet secretary-led panel may review curbs

In December 2018, the Cabinet Committee on Economic Affairs (CCEA) had approved an agriculture export policy that proposed to keep the outbound shipment of processed and organic items free of any restriction.

In March 2018, the commerce ministry had released the first draft farm export policy, seeking a stable trade policy regime with limited government interference for key farm items. News

Steel cost of engineering exporters to drop

Engineering goods exporters complain that local steel producers are charging them 15-20% more than the price at which the latter are shipping out to other countries.

For its part, the steel industry on Tuesday demanded that a 25% safeguard duty on ad valorem basis be imposed on six product categories News

Export subsidy programme to be phased out to meet WTO norms

MEIS to go; instead, tax remission scheme, now only for garments, to cover more sectors

export subsidies, WTO, Merchandise Exports from India Scheme, Piyush Goyal, central GST, GNI threshold News

Budget 2019 booster! Not just PSBs, 3 state-run insurance firms may get Rs 4,000 crore capital infusion

Union Budget 2019: Target is to shore up solvency of state-run insurers National Insurance, Oriental Insurance and United India Insurance

Budget 2019 News

Anti-fraud drive: New govt may bolster SFIO’s probe muscle

With increasing instances of corporate frauds, the new government could consider substantially raising the strength of the Serious Fraud Investigation Office (SFIO) to bolster its capacity to investigate

sfio, ibc, jet airways News