Page 20 - Arup Roychoudhury

SC gives Centre two weeks for final proposal on loan moratorium interest

No more adjournments, says bench; next hearing Sept 28

Centre has walked the talk on capex, shows official data

Data from Controller General of Accounts shows capital expenditure for April-June 2020, at Rs 88,273 crore, was 40% higher than a year ago, though the gap narrowed to just 4% by July-end

Considering fiscal deficit range instead of number, says N K Singh

Singh said the 15th Finance Commission had not sought any extension and will finish its report for 2021-22 to 2025-26 by October 31

Don't declare accounts NPA till further orders, says Supreme Court

A three-judge Bench will hear the case next on Thursday

Asking banks to waive interest will adversely impact financial system: Govt

Solicitor General Tushar Mehta told the three-judge Bench that waiving interest or granting a blanket moratorium on repayment of loans will be a "knee jerk reaction"

Supreme Court to decide on moratorium interest waiver issue today

The apex court said it would hear the matter again and decide on Wednesday a bunch of petitions demanding waiver of interest, or waiver of interest on interest on the suspended monthly instalments

Centre, state finmin officials thrash out GST compensation gaps

The states were informed that if they take the option of borrowing Rs 97,000 crore under a special window, they will still get Rs 2.35 trillion minus Rs 97,000 crore from the compensation cess

Q1 GDP data: Employment-creating sectors bear brunt of slowdown

Construction sector fell a staggering 50.3 per cent, while manufacturing sector contracted by 39.3 per cent, at constant prices

At Rs 8.21 trn, April-July fiscal deficit exceeds FY21 budget estimates

With GDP for April-June also in, it can be calculated that fiscal deficit for Q1FY21 was 17.4% of nominal GDP. FM Sitharaman had pegged fiscal deficit for the year at 3.5% of GDP in 2020-21 Budget

SBI's Kumar, HDFC's Puri speak on their careers, legacies, motivations

The two titans of Indian banking also spoke about what it takes to succeed in the highly competitive and byzantine financial services sector

No pressure from govt to participate in MSME scheme, says SBI chief

Leading bankers welcome term loan installment moratorium announced as economic relief

Banks need to overhaul anti-money laundering mechanism: Deloitte Report

The survey will be released on August 26

FM Nirmala Sitharaman asks seven CPSEs to spend 50% capex in H1

This is because the government looks to maintain the pace of capital and infrastructure projects in a bid to soften the economic blow from the Covid-19 pandemic

July WPI at -0.58%, in negative zone for fourth month on the trot

The steep fall in deflation from June to July slightly reduced the gap between WPI and Consumer Price Index-based inflation

CPI-based inflation above MPC comfort range for fourth straight month

Official data released on Thursday showed that CPI for July rose 6.93 per cent year on year, up from 6.23 per cent in June

Unlock BFSI 2.0: Rural India revival difficult to sustain, say economists

It is a misconception that all of rural India is doing well amid the outbreak of Covid-19, said Pronab Sen

FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget

FY20 is being considered for a 'more realistic comparison'

Next round of Covid stimulus: Where can the Centre intervene fiscally?

In meetings over the past two weeks in the PMO, advisors and bureaucrats are learnt to have given their views on what shape and form the next set of stimulus announcements should take

Insurance may get 'strategic sector' tag under new privatisation policy

Other sectors that could get the 'strategic' tag are railways, oil and gas, defence, space and atomic energy

Govt, RBI and 15th Finance Commission discuss bank recapitalisation

The banking sector needs to open up to the same levels of 'liberalisation process' which other sectors have witnessed, N K Singh said