RBI’s Revised Framework for the Resolution of Stressed Assets

By the beginning of 2018, there are high incidence of provisioning, quarterly losses reported by banks etc. in the country because of a new...

What is Donald Trump’s (US-China) trade war?

What is a trade war?Trade war is a situation where countries restricts each other’s’ trade by imposing tariff or quota on imports. Retaliatory steps...

What is Standing Deposit Facility (SDF)?

The Standing Deposit Facility, proposed to be introduced by the RBI, is a collateral free liquidity absorption mechanism that aims to absorb liquidity from...

Fighting NPAs, SBI reports its biggest quarterly loss

India’s largest banker - State Bank of India reported its biggest-ever quarterly loss amidst intensified efforts fighting the NPAs. The bank’s loss comes as...

When oil returns to the boiling days…

The happy days of lower crude prices are seeming to be over for India; at least for the medium term. Crude producing countries are...

What is Central Road and Infrastructure Fund (CRIF)?

Over the last one and a half decade, the Central Road Fund (CRF) was a major revenue for the government to finance ambitious road...

US and China to mute their trade war instincts

World’s largest economies – the US and China have reached in a solution to withdraw from their trade war endeavor. According to the US...

Geopolitics and Trump makes crude producers happy

After a gap of nearly three and a half years, Brent oil crossed $80/barrel; bringing back celebration time for the OPEC and other oil...

What is the new Classification of MSMEs?

How MSMEs are classified?The government has given a new turnover based classification of MSMEs in February 2018. As per this new classification, the MSMEs...

What is Banking Ombudsman Scheme?

The Banking Ombudsman Scheme was implemented by the RBI to redress the complaints of customers on certain types of banking services provided by banks...

What is Fugitive Economic Offenders Bill 2018?

The Union Cabinet has approved a Bill – Fugitive Economic Offenders Bill 2018 to bring economic offenders under the law. Main objective of the...

Government to seize the assets of hit and run defaulters

After Mallya, Modi, Jatin Mehta etc., created a loot of more than Rs 30000 crores of PSBs and thus tax payer’s money, the Cabinet...

Russia heats up the cold war; says it has untraceable nuclear...

The Russian President Vladimir Putin declared that his country is developing a supersonic anti-ballistic missile system that can’t be traced or intercepted by the...

Trump further tightens H1B Visa Policy

US President Donald Trump is imitating the Indian way to reject something - add paper works. His latest policy on H1B Visas to the...

What is Middle-Income Trap?

The Economic Survey 2018 (volume I) makes a theoretical examination of India facing a Late Convergence Stall and the risk of falling into the...

The Classic game: How tax payers’ money is used for financing...

The Nirav Modi fraud appeared when India’s Public-Sector Banks are struggling with nearly 10 lakh crores worth of stressed assets. Several of the government...

PNB reports fraudulent transaction of Rs 11400 crores

Read More: What is Punjab National Bank’s LoU fraud?The Indian banking sector fails to produce good news. Latest is that-  one of the NPA...

RBI toughens Resolution norms for stressed assets

The Reserve Bank of India (RBI) has brought a new Resolution time table for stressed assets under which banks have to start Resolution Plan...

PSBs in full-swing cleaning up mode as write-off goes up

Trends in NPA write off by Public Sector Banks shows that the government owned banks are correcting their balance sheets quickly. A total of...

RBI recognizes fresh inflation risks from MSP and global commodity prices

The RBI in its sixth bimonthly monetary policy statement upscaled inflation projection for April- September 2018, anticipating a host of factors including rising crude...