 "News digest: Budget 2018, stressed assets, core sector growth, and more")
Sebi agrees to transfer Rs 16.7 billion of surplus funds to government
Capital markets regulator, the Securities and Exchange Board of India (Sebi), has agreed to transfer Rs 16.7 billion of its surplus funds to the government. The Centre has been eyeing these resources, which would enable it to reduce the fiscal deficit. Read more
Insolvency: Bidders may not be able to sell stressed assets for 5 years
Bidders for assets of companies undergoing insolvency proceedings face up to a five-year lock-in for the shares they acquire. Lending banks are insisting on this to deter sales of the assets by the new promoter at a profit within months of the takeover. Read more
IBBI chairman M S Sahoo defends 94% haircut for stressed firm
The Insolvency and Bankruptcy Board of India (IBBI) Chairman M S Sahoo defended the large haircut lenders had to take in the case of Synergies Dooray. He said that was the best option. Lenders took a haircut of 94 per cent, stirring a controversy. Read more
Ahead of Budget 2018, core sector growth slows to 5-month low of 4% in Dec
The country's output from eight core sectors rose four per cent in December, slowing from the much larger growth of 7.4 per cent in November. Read more
Budget 2018: Jaitley may deliver significant portions of speech in Hindi
In a break from tradition, Finance Minister Arun Jaitley is likely to deliver significant portions of his Budget speech on Thursday, particularly those related to the farm sector, in Hindi.
In his previous four Budgets, the FM, who is adept at speaking in both English and Hindi, has been known to intersperse his mostly English speech with Hindi and Urdu couplets and explanatory observations. Read more
Capital markets regulator, the Securities and Exchange Board of India (Sebi), has agreed to transfer Rs 16.7 billion of its surplus funds to the government. The Centre has been eyeing these resources, which would enable it to reduce the fiscal deficit. Read more
Insolvency: Bidders may not be able to sell stressed assets for 5 years
Also Read
IBBI chairman M S Sahoo defends 94% haircut for stressed firm
The Insolvency and Bankruptcy Board of India (IBBI) Chairman M S Sahoo defended the large haircut lenders had to take in the case of Synergies Dooray. He said that was the best option. Lenders took a haircut of 94 per cent, stirring a controversy. Read more
Ahead of Budget 2018, core sector growth slows to 5-month low of 4% in Dec
The country's output from eight core sectors rose four per cent in December, slowing from the much larger growth of 7.4 per cent in November. Read more
Budget 2018: Jaitley may deliver significant portions of speech in Hindi
In a break from tradition, Finance Minister Arun Jaitley is likely to deliver significant portions of his Budget speech on Thursday, particularly those related to the farm sector, in Hindi.
In his previous four Budgets, the FM, who is adept at speaking in both English and Hindi, has been known to intersperse his mostly English speech with Hindi and Urdu couplets and explanatory observations. Read more
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