Page 1376 - Economy & Policy News
Moody's expects auto-loan delinquencies to rise in next three to six months
Collection rates for auto-loan asset-backed securities (ABS) rated by Moody's Investors Service remained stable in the quarter ended March 2021
 "Moody's expects auto-loan delinquencies to rise in next three to six months")
DHFL insolvency case: NCLT appoints panel to oversee resolution plan
The Mumbai bench of the NCLT approved Piramal Group's resolution plan for the beleaguered DHFL on June 7.
 "DHFL insolvency case: NCLT appoints panel to oversee resolution plan")
FIDC urges govt to address issues of MSME borrowers and NBFCs
The Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and NBFCs catering to these enterprises.
 "FIDC urges govt to address issues of MSME borrowers and NBFCs")
Govt amends rules pertaining to Indian Accounting Standards
Ind AS are converged with the International Financial Reporting Standards (IFRS).
 "Govt amends rules pertaining to Indian Accounting Standards")
Tamil Nadu ranks 2nd after AP in new job creation under IBPS scheme
Under the IBPS Scheme, Andhra Pradesh is the highest in employment generation by creating 12,234 new jobs
 "Tamil Nadu ranks 2nd after AP in new job creation under IBPS scheme")
Repo rate expected to remain unchanged in fiscal 2022: Emkay Global
Reserve Bank of India's repo rate is expected to remain unchanged during FY22, said Emkay Global in a report.
 "Repo rate expected to remain unchanged in fiscal 2022: Emkay Global")
Credit growth in fiscal 2022 to be in low double-digit: Care Ratings
The slowdown in economy can further delay anticipated pick-up in credit growth apart from the likely impact on asset quality.
 "Credit growth in fiscal 2022 to be in low double-digit: Care Ratings")
India's roadside restaurateurs count cost of coronavirus pandemic
Given low vaccination rates, experts are already warning of a third wave later this year.
 "India's roadside restaurateurs count cost of coronavirus pandemic")
IMF proposes setting up of an international carbon price floor
The IMF chief noted that a carbon price floor arrangement does not mean carbon taxes per se.
 "IMF proposes setting up of an international carbon price floor")
Real GDP growth likely to be 8.7% in FY22: Motilal Oswal Financial Services
Motilal Oswal Financial Services has projected real GDP growth of 8.7 per cent in FY22, down from 11.1 per cent it had forecast earlier
 "Real GDP growth likely to be 8.7% in FY22: Motilal Oswal Financial Services")
Policy flip flops, discoms hinder progress in solar rooftop projects
According to the industry data, close to 75 per cent of rooftop installations comes from the commercial and industrial segment
 "Policy flip flops, discoms hinder progress in solar rooftop projects")
India and US launch a hydrogen task force in clean energy push
India-US strategic partnership was revamped after Biden administration took charge
 "India and US launch a hydrogen task force in clean energy push")
Explained: How foreign portfolio investors view the 'India story'
The IT, FMCG and manufacturing sectors are less attractive to foreign portfolio investors than financial and energy companies
 "Explained: How foreign portfolio investors view the 'India story'")
MFIs in Assam, borrowers set to get major relief as govt steps in
According to CRIF Micro Credit, Assam was one of the most stressed states in terms of microfinance loans
 "MFIs in Assam, borrowers set to get major relief as govt steps in")
MPC chose loose policy to nurse growth, felt inflation wasn't demand-driven
Loss in momentum of activity could be temporary and restricted to the first quarter of FY22, RBI governor Shaktikanta Das is quoted to have said in minutes of MPC meetings
 "MPC chose loose policy to nurse growth, felt inflation wasn't demand-driven")
UN Special Rapporteurs write to govt against IT Rules, ask for review
They say the IT Rules seem to be at variance with international law and standards on privacy rights and freedom of opinion and expression, to which India is a signatory
 "UN Special Rapporteurs write to govt against IT Rules, ask for review")
Govt ready to talk to farmers but not on repeal of laws, says Tomar
Union Agriculture Minister Narendra Singh Tomar on Friday said the government was ready to talk to the agitating farmers "even if they come at midnight", but not about their demand to repeal the three new laws which are the bone of contention.
 "Govt ready to talk to farmers but not on repeal of laws, says Tomar")
RBI will stick to pushing economic growth at this stage: Deputy guv MK Jain
"The inflation concerns are valid but we have to prioritise growth at this stage", deputy governor MK Jain said at a webinar
Tremendous potential for proliferation of Wi-Fi hotspots in India: Trai
The PM WANI initiative can result in a massive scale-up of the internet in rural areas, which will be transformative, Trai Chairman said
 "Tremendous potential for proliferation of Wi-Fi hotspots in India: Trai")
RBI has taken steps to smoothen impact of Covid wave: Deputy Governor Jain
Asserting that the second wave of COVID-19 has posed some challenges, RBI Deputy Governor M K Jain on Friday said both the central bank and the government have taken steps to mitigate its impact.