One danger is that this leads to a panic sell-off in the shares of these companies that creates a domino effect across the market similar to what happened with banks in 2007-08.
Addressing the closing session of the DPIIT’s webinar on ‘Make in India for the World’, he talked about a five-point vision for boosting manufacturing and promoting exports.
In its report ‘What Investors Want to Know: Indian Sovereign and Financial Institutions in 2022’, it said financial institutions face an uneven recovery due to lingering asset-quality risks and capital limitations.
The country’s economy expanded by 8.4 per cent in the second quarter of 2021-22, to cross pre-pandemic levels. However, the GDP growth in July-September period was slower than the 20.1 per cent expansion in the previous quarter.
The Finance Minister further said that if India doesn’t have a vision for 100 years then will suffer similarly to the first 70 years.
Of this, the share of public sector banks (PSBs) in bad loans proportion has also declined 72 per cent against nearly 80 per cent.
Known for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic.
SIBs are perceived as banks that are ‘too big to fail (TBTF)’. This perception of TBTF creates an expectation of government support for these banks in times of distress. Due to this perception, these lenders enjoy certain advantages in the funding markets.
In that text, Professor Jorge Hernando Cuñado, from Nebrija University, broke down some of the events that were expected to bring instability to world order and the world economy.
All said, the emerging coronavirus situation, especially in the wake of the Omicron variant, might pose headwinds in the pace of reforms.
The General Budget is presented by the Finance Minister every year in Parliament on February 1.
Wholesale Price-based Index (WPI) inflation (Base Year: 2011-12) has remained in double digits for eight consecutive months beginning April.
Speaking at a webinar organised by National Stock Exchange (NSE) and New York University (NYU) Stern Business School on Friday night, Spence said that in recent times there had been unusually rapid expansion in digital transactions due to access to mobile internet in India.
Colliers India, which is part of Canada-based Colliers, is one of the leading property consultants. In an interview with PTI, Nair said India’s office market has become favourable for tenants.
He was virtually addressing students of the Ahmedabad University in Gujarat on Saturday night from the US during the varsity’s 11th annual convocation which was also held online.
According to Chakraborty, COVID-19 vaccination brings a sense of health security and should help resumption of normal economic activity, particularly in the services sector, which contributes more than 50 per cent of India’s GDP.
The finance minister was addressing a function after launching new schemes and handing over orders to various beneficiaries under the financial inclusion and credit outreach programme.
Kumar, however, cautioned that inflation is emerging as a key risk to sustainable global economic recovery with supply chain constraints and rising energy prices.
The PHDCCI Economy GPS Index for October 2021 increased to 131 as compared with 113.1 in the previous month. During the April-October 2021 period, it stood at 114.8 as compared with 78.7 in the previous financial year, the chamber stated.
Harvard University had extended Gopinath’s leave of absence on an exceptional basis by one year, which has allowed her to serve as Chief Economist at the IMF for three years.
The Covid-19 relief measures such as the restructuring dispensation, and the Emergency Credit Line Guarantee Scheme (ECLGS) will help limit the rise, the report added.
Muraleedharan said the Narendra Modi government has undertaken “far-reaching” structural reforms, making use of the mantra of ‘Reform, Perform and Transform’.
The RBI’s rate-setting panel MPC started its three-day deliberations on Wednesday. The central bank will announce the fourth bimonthly monetary policy review on Friday amid inflation remaining above its target for two months in row.
The Monthly Economic Review for August 2021 released by the Department of Economic Affairs (DEA) on Thursday said that sanguine economic prospects continue to be catalysed by effervescent external sector indicators.
In the first quarter of financial year 2021-22, India’s GDP witnessed a growth of 20.1 per cent compared to the same period of the last fiscal.