Under the bankruptcy law, the government could permit the partial transfer of a corporate debtor only if the distressed entity fails to secure a complete rescue plan. The proposed action is part of broader government […]
In order to promote green lending, banks are in discussion with the government regarding a Green Finance Framework that would include a preferential exemption for key statutory requirements such as cash reserve ratio (CRR), statutory […]
RBI has established a framework for financial institutions to provide customers with green deposits. The framework intends to promote the development of the country’s green finance ecosystem, and applies to all regulated institutions, including scheduled […]
The Reserve Bank of India (RBI) has held its key repo rate steady after six consecutive hikes, citing it was closely monitoring the impact of recent global financial turbulence. It may contemplate additional rate increases […]
The Reserve Bank of India (RBI) has raised the country’s policy rate by 25 basis points (bps) in its last policy review of 2022-23 amid inflation. The Monetary Policy Committee increased the repo rate, or […]
The government is preparing to modify the insolvency law in an effort to minimise the time required to complete the resolution procedure for stressed assets, and to prevent the assets’ values from depreciating significantly. The […]
India Ratings has revised its GDP growth prediction for 2021-22 downward to 8.6 per cent from the previously projected 9.2 per cent. The National Statistical Organisation (NSO), which has forecast real GDP growth of 9.2 […]
The next year is likely to witness asset monetisation of over Rs 3.5 trillion through infrastructure investment trusts (InvITs) and real estate infrastructure trusts (REITs). As per ICRA, a constraint has been removed with the […]
Moody’s Investors Service has cut India’s gross domestic product (GDP) forecast for 2021-22 to 9.3 per cent from the earlier projection of 13.7 per cent. The sharp decline in GDP estimates comes on the back […]
The Reserve Bank of India (RBI) has announced the emergency liquidity support of Rs 500 billion, with a three-year window, for health services. The window will be open till March 2022 and is classified under […]
The suspension of the Insolvency and Bankruptcy Code (IBC) has been extended for another three months, till March 31, 2021. This will help businesses cope with the economic disruptions caused by the coronavirus pandemic and […]
The Asian Development Bank (ADB) has approved a $231 million loan for setting up the 120 MW Lower Kopili hydroelectric project (HEP) in Assam. The project will double the hydropower generation capacity of Assam Power […]
The Securities and Exchange Board of India (SEBI) has relaxed fundraising norms for distressed companies to help them tide over a cash crunch and find investors in a bid to get back on their feet. […]
The centre has decided to offer tax benefits to global pension funds on their investments in the infrastructure sector as it seeks to attract investments in the road, port and airport sectors. The decision, which […]
The Reserve Bank of India (RBI) has slashed interest rates by 75 basis points in an emergency move to revive economic growth hit by the coronavirus pandemic and the nationwide lockdown. The central bank cut […]
The centre has unveiled Rs 102 trillion worth of infrastructure projects that will be implemented in the next five years as part of the government’s spending push in the infrastructure sector. The government has announced […]
The Securities and Exchange Board of India has prescribed wider disclosure and compliance norms to be followed by the issuers of listed municipal bonds. Such listed entities are required to prepare and submit half-yearly unaudited […]
The Reserve Bank of India (RBI) has allowed lenders in its revised guidelines for stressed assets complete discretion to design and implement bankruptcy resolution plans, after the Supreme Court scrapped the previous norms. The central […]
The Reserve Bank of India has allowed foreign portfolio investors (FPIs) to invest in municipal bonds issued by various urban local bodies. This will broaden the access of non-resident investors to debt instruments in the […]
The Supreme Court of India has quashed the February 12, 2018, circular for the resolution of stressed assets issued by the Reserve Bank of India (RBI) that had been challenged by various power companies. The […]
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