Economy

Interbank funding likely in near-term The RBI’s Rs.1 lakh crore funding lines (including the indirect funding through NABARD, SIDBI and NHB) is expected to take care of nearly 1.5 months of liquidity requirements for NBFC (including HFCs & MFIs), writes...

Appreciated: Rs.15,000 crore refinancing The Government should immediately announce a comprehensive economic package for the industry to provide relief in payment of wages, statutory obligations, rental and utilities, said FIEO President welcoming measures to maintain adequate liquidity in the system...

Sponsors to monetise their assets India’s informal economy, which helped rescued the economy in 2008, is likely to be the first to collapse in the pandemic as trade overall has come to a grinding halt, according to Nishith Desai Associates....

Rising risk for financial sector S&P Global Rating sees Indian economic growth at 7% in the medium term and projects 7.5% growth in fiscal 2022, albeit from a small base,. However, a prolonged slowdown, particularly if the recovery in fiscal...

Big boost for real estate In a major move to boost liquidity in the market, the RBI on 17 April 2020 announced several additional measures to accelerate the economy and facilitate bank credit flows in Lockdown 2.0. Among the various...

Opportunity to re-orientate businesses Public sector banks (PSBs) will continue to support the industry in challenging times being seen due to the deadly coronavirus spread and precautionary measures adopted by the government. This assurance was given by Commerce and Industry...

New normal will be very different, says Baroness Usha The Indian Government, along with the High Commission in London, is working with businesses to respond to the deadly and disruptive COVID-19. Giving this assurance, High Commissioner Ruchi Ghanashyam told a...

March 2020 exports down 34.57% FIEO President Sharad Kumar Saraf expects about 80-85% of the manufacturing to restart gradually and augment supply, bringing exports and manufacturing back on track following the government decision to allow opening of economic units in...

Capture China’s loss in export markets Minister of Road Transport and Highways Nitin Gadkari has told the Indian industry including MSMEs to convert this crisis into an opportunity, accelerate infrastructure projects and win this war against Coronavirus to achieve economic...

Generators get help with working capital Coal India Ltd (CIL) has allowed the facility of 'Usance Letter of Credit' to power sector consumers for payment of coal instead of cash advance for the Fuel Supply Agreements. This will help significantly...