Coronavirus relief: Will RBI bazooka force banks to lend?
Banks now have enough resources, but may yet stay risk-averse, lending only to the best businesses.
Coronavirus relief package: Too small a package, not enough cash
If needed, the govt should print money to support the vulnerable, especially the urban poor; but, banks must be protected at any cost
Spend money to save the poor: Why a rate cut is of no use
A rate cut is of no use, spend on infra etc that gives the poor jobs; give forbearance to MSMEs as they are hurting.
Growth outlook: Crude crash could boost growth, but corona crisis will take it away
India’s economy today is weaker than it has been during previous crises even if a few of the macro indicators — mainly forex reserves, CAD and inflation — are more robust.
Yes Bank crisis: We failed to spot this one also
For all the criticism of the public sector and rants about its inefficiency, much of private sector hasn’t exactly covered itself with glory; integrity levels in the private sector, it would appear, are far more questionabl
Bland reassurances won’t fix lending, bankers need to be convinced they won’t be targeted
Apart from bankers not wanting to lend, the other issue—if banks loans are to rise—is about the ability of the borrowers to repay loans.
Lenders scared, business more so: Bankers must be protected from action against bona fide decisions that go wrong
If the state of credit markets is any indication, this slowdown is going to drag on for a long, long time. At the peak of what is typically India’s busy season, the pace of loans given is hitting new lows; the growth in non
Digital loans: It’s a UPI moment for India’s credit market
The infrastructure would enable lenders of all hues — banks, NBFCs and fintechs — to disburse loans.
RBI governor does a Draghi, prods bank to lend
Gives banks access to funds at a lower rate, but banks may not find it easy to lend as credit-worthy borrowers limited
Budget 2020: Where will India Inc find the money?
Union Budget 2020 India: Even if it wanted to invest—which it may not, given poor demand—there is no money to fund this from
Economic Survey 2020 busts govt myths, will it help?
Economic Survey 2020: Survey talks of an “Assemble in India for the world” programme that could be integrated with the Make in India plan to create jobs—40 million well-paying ones by 2025.
Why real estate needs a buy-in, else the economy could tank further
Little has been heard so far about the progress of the corpus created to provide last-mile funding for housing projects.
Economic slowdown: Tough times call for tough measures, here’s what govt needs to do now
Loan growth is at multi-year lows, demand for power has now fallen five months in a row, car sales continue to crawl, rural wages are barely rising and consumer confidence is shaken.
Economic slowdown: Enough of advice, govt needs to decide if it will act now
Asking for more advice is fine, but the govt needs to decide if it will act now, or will it remain hobbled by suit-boot-ki-sarkar
FM must slash income tax rates, only way to stimulate demand
Given the need of the hour is to boost spending, cutting income tax rates would put some money in consumers’ pockets.
Sanjeev Bikhchandani: The career entrepreneur
If there was someone who had total faith in his ability to build a business and backed him to the hilt, it was his jeevansathi, Surabhi, a batchmate from IIM Ahmedabad. Those were tough times and the business took a lot out o
The Great Letdown: Will India be able to create the number of jobs needed?
Given nearly 64% of the slowdown has been driven by industry—mainly manufacturing—India’s aspirational electorate should brace for more job losses. If top class companies like Vodafone-Idea are forced to think of shutt
Explained: Why credit flows to industry must pick up to regain lost momentum amid major slowdown
With government spending likely to be constrained due to poor tax collections, other sections of the economy need to pull their weight if the nominal growth is to pick up meaningfully.
GDP growth: Unless credit flows to industry revive quickly, it’s hard to see any pickup
At a time when the economy is slowing, it is only to be expected that tax collections, too, will slow.
Half-measures will not fix economy
Govt did well to get the power to notify hire-fire rules, but there is no certainty about how quickly it will move & what freedom will be given. The promises of more flexibility in EPFO & ESI was not kept, and pvt coal minin
IBC process gets back on track after SC nixes NCLAT ruling in Essar Steel
It’s a huge win for lenders, who despite their number one ranking, were fighting other stakeholders for their fair share.
Fix NBFC crisis to get growth back
Simultaneously, there needs to be a lot more urgency in putting stressed real estate projects into the hands of stronger builders so that these can be completed; homebuyers who make a nuisance of themselves need to be dealt w
Why India Inc must pass on the benefits of corporation tax rate cut to consumers
While liquidity in the banking sector may be in a big surplus, some segments of business and retail customers are not able to access affordable loans.
FE Best Bank Awards: Know who is the nominee for lifetime achievements award
Sobti’s now loaning money to microfinance borrowers for a television set or some household product. “She has borrowed twice and repaid the loans so now I can finance a TV,” he points out.
FE Best Banks Awards: Sanjiv Bajaj – A Bajaj you can bank on
But since he couldn’t launch one, he came up with the EMI card which today is a franchise with 16.5 million customers; in 2018-19, the EMI card contributed about 60% of the loans.
Welcome tax cuts but for the wrong persons!
Few firms will invest till there is a strong demand-revival. that needed a cut in income tax rates; the fm has frittered away money on corporates & the ultra-rich
Blame promoters, not FM Nirmala Sitharaman
Though FM is now trying, the govt was slow to reform; but Ms Shaw’s fellow-promoters even more to blame
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Budget 2020
- Budget 2020 hasn't violated fiscal discipline: FM Sitharaman
- Budget 2020 was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima Goyal
- Budget 2020: FM Nirmala Sitharaman says govt willing to do more beyond Union Budget to boost growth
- Budget 2020: FM says green shoots of recovery visible, points at worse macro-economic fundamentals under UPA
- Budget and the economy: What can we expect after this Budget?
- Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocation
- Budget 2020 proposals on DDT, personal tax not to impact MF industry: Franklin Templeton
- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
- Economic Survey 2020: Fudging food and fertiliser subsidy
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