-ThePrint.in The dip in forex reserves has been due to the intervention of the central bank to arrest the slide in the rupee. New Delhi: India’s foreign exchange reserves have fallen by about $2 billion per week for seven weeks now but top government officials said they were monitoring the trend and there is no cause for alarm. Economic affairs secretary Subhash Chandra Garg said funds would be raised through foreign currency non-repatriable...
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Fresh farm crisis brews in Maharashtra as banks tighten purse strings -Abhiram Ghadyalpatil
-Livemint.com Banks in Maharashtra have issued only 22% of the kharif season lending target of Rs43,342 crore till 27 June, said an official at the state department of cooperation Mumbai: Farm discontent is raising its head in Maharashtra yet again as banks remain tight-fisted on crop loans at the beginning of the sowing season, cancelling out the benefits of last year’s mega loan waiver. Banks in Maharashtra have issued only 22% of the...
More »Through A Wider Lens -Rajni Bakshi
-The Indian Express AIIB meeting presents an opportunity to redefine the parameters of development. Budha Ismail Jam, a fisherman from Kutch, will be unknown to most delegates at the Asian Infrastructure Investment Bank’s (AIIB) annual meeting being held in Mumbai on June 25-26. Yet, Jam’s story has far-reaching implications if infrastructure projects are to be more focused on the well-being of people rather than the profit margins of investors. The third annual meeting...
More »Heads of 11-PSBs to appear before the Standing Committee on Finance on Tuesday
-PTI New Delhi: Heads of 11-state owned banks will apprise a parliamentary committee about the problems of mounting bad loans and increasing fraud cases on Tuesday, sources said. They will be appearing before the Standing Committee on Finance, headed by veteran Congress leader M Veerappa Moily, which is looking into ‘Banking Sector in India- Issues, Challenges and the Way Forward, including Non- Performing Assets/ Stressed Assets in Banks/Financial Institutions’. Top officials of IDBI...
More »An adviser with nobody to advise -TCA Sharad Raghavan
-The Hindu Arvind Subramanian brought heft and pizzazz to his role as CEA — but who was listening? Arvind Subramanian has had quite a paradoxical tenure as the Chief Economic Adviser (CEA) to the Finance Minister. While he brought a lot of pizzazz and heft back to the usually staid Economic Surveys and lent his voice to a number of pressing economic issues, the government repeatedly failed to heed his advice or...
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