Page 11 - Ruchika Chitravanshi/workspace/business Standard Web/undefined

India abstains from IMF vote on Pakistan loan; flags terror financing

India abstains from IMF vote on Pakistan's loan, citing risks of misuse for cross-border terrorism and warning against military interference in economic policy

Morningstar DBRS upgrades India's rating to BBB with stable outlook

Morningstar DBRS upgrades India's issuer rating to BBB, citing strong reforms and growth potential while expecting limited impact from regional geopolitical tensions

SC's Bhushan Power and Steel ruling: Review petition may flag 'errors'

According to a source aware of the developments, it appears that the court did not consider infusion of money by JSW in the form of compulsory convertible debenture towards equity infusion

AI regulation needs global cooperation, not isolated moves: Sitharaman

Speaking in Milan, Finance Minister calls for common global framework for the technology

India-Pakistan tensions could strain fiscal deficit if conflict escalates

Economists say India's fiscal deficit may widen if tensions with Pakistan persist, although the broader economic impact is expected to be limited if conflict remains contained

Govt brings draft framework of 'India's Climate Finance Taxonomy'

The finance ministry's draft taxonomy aims to guide climate-aligned investments across power, mobility, buildings, MSMEs and hard-to-abate sectors

Union Bank of India admits to lapses in procuring Subramanian's book

Union Bank of India has acknowledged lapses in procuring India@100 by K V Subramanian, prompting an internal probe, though it says no material financial impact has emerged

India-EU FTA our priority, possible by December-end: FM Nirmala Sitharaman

India has taken a long-term approach towards building its supply chains keeping in mind its strategic strengths and capacities are leveraged, says FM

JSW Steel to file review petition in SC on Bhushan Power & Steel resolution

Govt begins consultations after SC rejects JSW Steel's Rs 19,350 crore resolution plan for Bhushan Power and orders liquidation under IBC provisions

Krishnamurthy Subramanian's termination was India's call, says IMF

Sources said the reasons for Subramanian's termination included alleged impropriety in using his position to promote and publicise his latest book India@100

Defence spend amid Pak tensions may hit India's fiscal strength: Moody's

Moody's Ratings says India's economy remains resilient despite Pak tensions, but increased defence expenditure could weigh on fiscal strength and delay consolidation

BPSL liquidation: MCA, IBBI study SC order to assess IBC implications

"We are examining the order and seeing what learnings can be taken from there in terms of IBC regulations and processes," the government official said

SC ruling on BPSL resolution may reset IBC process as JSW plans review plea

"No prudent resolution applicant would submit a plan if there remains a lingering fear that some state authority might overturn it decades later", says Former IBBI chairperson M S Sahoo

Six month left, Krishnamurthy Subramanian's term cut short at IMF

Subramanian, who took up the IMF post in November 2022, represented India, Bangladesh, Sri Lanka, and Bhutan. As of May 3, the IMF's website lists the position as vacant

India to flag Pak's terror role with global lenders after Pahalgam attack

Country also set to voice its concerns with the IMF executive board next week, when it takes up a $1.3 billion loan for Pakistan

SC's JSW Steel decision a blow to insolvency process, say experts

The Supreme Court had invoked Section 142 of the Constitution to nullify the CoC decision

Private sector a trusted partner in development: FM Nirmala Sitharaman

First facilitation centre for PM internship scheme launched in Kolkata

Arvind Shrivastava takes charge as revenue secretary amid policy challenges

Prior to this, Shrivastava served in the Prime Minister's Office as joint secretary and later as additional secretary

Uncertainty could hit pvt sector capital formation: FinMin economic review

While highlighting that uncertainties stemming from global developments are a risk for the growth outlook for FY26, the finance ministry said

Streamlined processes help companies speed up voluntary closures

The working paper by PMEAC highlighted that process or nuts-and-bolts reforms are not systematically researched, documented or taught, but are an important part of a policymaker's toolkit