Economy Of India | Corporate Law Reporter

RBI releases Framework for Revitalising Distressed Assets in the Economy

The Reserve Bank of India today released on its website the Framework for Revitalising Distressed Assets in the Economy. The Framework outlines a corrective action plan that will incentivise early identification of problem cases, timely restructuring of accounts which are considered to be viable, and taking prompt steps by banks for recovery or sale of… Read More

Tags: Economy of India, finance, Green paper, Loan, Reserve Bank, Reserve Bank of India, Restructuring, Steps (group)

Non-Banking Finance Companies: Game Changers

Speech delivered by Shri P Vijaya Bhaskar, Executive Director, Reserve Bank of India at ASSOCHAM in Delhi on January 23, 2014 Introduction The Indian financial sector consists of a wide variety of institutions which cater to different market segments. At the apex level are scheduled commercial banks which follow universal banking model. Next, there is… Read More

Tags: Commercial bank, Economy of India, finance, Gross domestic product, India, NBFC, Non-banking financial company, Run batted in

Why is Recent Food Inflation in India so Persistent?

(Speech delivered by Shri Deepak Mohanty, Executive Director, Reserve Bank of India, at the St. Xavier™s College, Mumbai on 13th January 2014) It is an honour for me to deliver this year™s Annual Lalit Doshi Memorial Lecture. I thank Principal Dr. Fr. Frazer Mascarenhas, Dr. Aditi Sawant and Ms. Nikita Kohli for this opportunity. The… Read More

Tags: Consumer Price Index CPI, Economic growth, Economy of India, Inflation, Maharashtra, Reserve Bank of India, Wholesale price index, WPI

Raghuram Rajan on Financial Sector Reforms

(Talk by Dr. Raghuram G. Rajan, Governor, Reserve Bank of India at the Delhi Economics Conclave 2013 at Delhi on December 11, 2013) The economy is stabilizing, but there is no room for complacency. Some part of improvement in the CAD has happened due to suppressing gold imports. Not all the measures to reduce fiscal… Read More

Tags: Central bank, Delhi Metro, Economy of India, India, Inflation, Raghuram Rajan, rbi, Reserve Bank

The Five Pillars of RBI™s Financial Sector Policies – Raghuram Rajan

Good evening. I thank the organisers for inviting me. These are challenging times for the Indian economy, but I have dwelt on those near-term challenges elsewhere. Let me turn instead to the opportunities we have to make India a far better place than it is today, focussing in particular on finance. Much of the world… Read More

Tags: Central bank, Delhi Mumbai Industrial Corridor Project, Economy of India, finance, India, Inflation, Reserve Bank, Reserve Bank of India

Regaining the Growth Momentum: Issues and Imperatives

(Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Sixth Annual Banking Conference Bank on it, 2013 organised by the Narsee Monjee Institute of Management Studies in Mumbai on Oct 5, 2013) Shri Pratip Chaudhuri, Former Chairman, State Bank of India; Dr. Rajan Saxena, Vice-Chancellor, Narsee Monjee Institute of Management… Read More

Tags: Asia, Economy of India, Financial crisis of 2007â€“2008, India, Management, Narsee Monjee Institute of Management Studies, Reserve Bank of India, State Bank of India

India™s International Investment Position (IIP), Quarter ended June 2013

International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (i) financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets; and (ii) liabilities of residents of an economy to non-residents. The difference between an economy's… Read More

Tags: Economy of India, External debt, foreign direct investment, India, June 2013, Net international investment position, Portfolio investment, United States

Bring in the Foreign Investor – Drop the Retrospective Tax

It took the rupee to have a lowest ever fall for the Government to understand that the decision of retrospective amendments to tax was a big blow to the Indian economy. The foreign investor had lost trust in India after seeing the regulatory barriers and was reluctant to do business in India. There are 16… Read More

Tags: Corporate Affairs Ministry, Economy of India, Finance Act, Government, India, Securities and Exchange Board of India, Supreme Court, World Bank

RBI releases Handbook of Statistics on the Indian Economy 2012-13

The Reserve Bank of India today released the fifteenth volume of its annual statistical publication titled Handbook of Statistics on the Indian Economy (HBS) 2012-13. One of the major initiatives of the Reserve Bank, this publication is aimed at improving data dissemination to public. Through this publication, the Reserve Bank has been providing time series data… Read More

Tags: Bandra, Bandra Kurla Complex, Economy of India, finance, India, Mumbai, Reserve Bank, Reserve Bank of India

FM Speak :: No Cause for Panic due to Currency Market Volatility; No Intention to Introduce Capital Controls

The Union Finance Minister Shri P. Chidambaram said that revival and encouragement of growth will continue to be the focus of the Government. Shri Chidambaram said that stronger growth will, in course of time, alleviate many of the challenges that we face. He said that there is no cause for the panic that seems to… Read More

Tags: Basel, Computer-aided design, Current account, Economy of India, Foreign exchange market, Government, India, P. Chidambaram

Statement by Shri P Chidambaram, Union Finance Minister in Parliament

Following is the Text of the Statement made by the Union Finance Minister Shri P. Chidambaram in Parliament today: Last year, at this time, the foremost challenge to the Indian economy was the growing fiscal deficit. Hence, on August 6, 2012 I made a statement on the path of fiscal consolidation that we intended to take. Following… Read More

Tags: CAD, Computer-aided design, Current account, Economy of India, Gross domestic product, India, P. Chidambaram, Reserve Bank of India

Dr Raghuram Rajan, CEA :: The Government and RBI are Working together to address the Challenges

The Government and RBI are Working together to address the Challenges being Faced by the Indian Economy; No Magic Wand to make the Problems Disappear Instantaneously but has Absolutely no doubt that we Will Deal with them: Dr Raghuram Rajan, CEA Dr Raghuram Rajan, Chief Economic Adviser, Ministry of Finance said that it is a great… Read More

Tags: Economy of India, Finance Minister, Raghuram Rajan, Rajan, rbi, Reserve Bank of India, Run batted in, Wand

Macroeconomic and Monetary Developments – First Quarter Review 2013-14

The Reserve Bank of India today released the Macroeconomic and Monetary Developments First Quarter Review 2013-14. The document serves as a backdrop to the First Quarter Review of Monetary Policy Statement 2013-14 to be announced on July 30, 2013. Highlights: Overall Outlook Amplifying macro-financial risks warrant cautious monetary policy stance Growth is expected to improve slowly… Read More

Tags: CAD, Computer-aided design, Current account, Economy of India, India, Middle East, Reserve Bank, Reserve Bank of India