livemint.com This is perhaps the first time in the history of independent India that regard for independent institutions has plumbed the depths of despair. Let us summarize.Recently the Mint brilliantly exposed the flaws in the new national accounting system, which gives reason to suspect the validity of the quarterly gross domestic product (GDP) figures released …
There is No Fair Play without an independent Referee Read More »
by Financial Express The proposed tightening of rules for non-banking financial companies (NBFCs) are very late in coming, and going by the problems the sector is facing, it is surprising the regulators haven’t been more concerned. Consequently, the rules need to be tightened for HFCs also, with these intermediaries being fully under the oversight of …
Economic Times, May 03, 2019 The Centre’s proposal to implement a blanket ban on the sale, purchase and issuance of cryptocurrency may not only prove futile but also be counterproductive. While crypto-assets are banned in some countries such as China, Russia, Ecuador and Bolivia, most major nations such as the US, Japan, European Union and …
Blanket ban on cryptocurrency may prove to be futile, claim experts Read More »
Economic Times, May 5, 2019 Rating agencies have reportedly downgraded $7.5 trillion worth of corporate debt between September 2018 – when defaults of Infrastructure Leasing & Financial Services began – and March 2018. Long-gestation infrastructure projects are financed by short-term loans from non-banking finance companies (NBFCs) that raise short-term debt, and repay their investors with …
Financial Express, May 4, 2019 With the Supreme Court coming down hard on RBI for not releasing information on bank inspection reports and for not making the names of loan defaulters public, chances are the central bank will have no option but to comply now. It is true, as RBI has maintained, that not all …
Make defaulter list public, but limit action on NPA Read More »
Economic Times, May 04, 2019 The new corporate insolvency regime has saved nearly four lakh jobs in India. Facts: 1. Under the insolvency regime, a total of 88 cases have been resolved so far, securing revenue of Rs 31,651 crore, with employee salaries of around Rs 2,350 crore. 2. At an estimated average salary of …
