RBI Governor press conference: GDP growth in 2020-21 is expected to remain in the negative category with some pick up in second half, says Shaktikanta Das

Under the modified PCGS, sovereign guarantee of up to 20 per cent of first loss will be provided to state-owned banks for purchase of bonds or commercial papers of NBFCs, MFIs and housing finance companies (HFCs) having a credit rating of AA or below

In April, RIL board cleared a proposal to raise Rs 25,000 crore through NCDs on a private placement basis; risk-averse banks flush with money post RBI's liquidity infusion of over Rs 8 lakh crore has got an opportunity to park funds at 6.95 per cent to 7.05 per cent

Considering huge losses in revenue, SBI expects states to at least strip its estimated budgeted capital expenditure for FY21 of Rs 8.8 lakh crore by 50 per cent, if not more

The most important component of the government's initiatives and recurring theme across most tranches of stimulus announcements was the thrust towards promoting private businesses by easing regulations and drafting new ones

Whoever knowingly makes a false claim for obtaining any relief or government benefits will be punishable with a jail term up to two years

Dr Rajib Dasgupta of Jawaharlal Nehru University, says that the move by the finance minister on infectious disease block at the district level is a welcome measure

Coronavirus Lockdown 4.0: All shopping malls, cinema halls, gym, swimming pools, entertainment parks, bars, and other public gathering places will remain closed

While the states can borrow up to 3.5%, or around Rs 7.5 lakh crore without any condition, the next 150 bps of the borrowing limit is subjected to certain conditions

India's fiscal deficit will rise from the targeted 3.5% to 6% of GDP in FY21. Barclays has pegged consolidated government deficit (Centre and State) at 12% of GDP, compared to 8% earlier, implying overall borrowing need of close to Rs 25 lakh crore

Releasing the fifth and final tranche of the economic stimulus package, Finance Minister Nirmala Sitharaman said the Centre devolved Rs 46,038 crore of taxes in April to states even though actual revenue shows unprecedented decline from Budget Estimates

The centre has increased its borrowing from the budgeted Rs 7.8 lakh crore in 2020-21 to Rs 12 lakh crore. Similarly, the states borrowing which was estimated at Rs 6.41 lakh crore in 2020-21 has now increased  to Rs 10.69 lakh crore

If you are keen to invest in gilt funds, you must know while gilt funds do carry very little credit risk due to sovereign backing, they are prone to interest rate risks

For a variety of reasons, around 30 per cent of agricultural households still find it easier to avail credit from non-institutional sources, despite significantly higher rates

The traditional approach of pumping money into banks to push liquidity to corporates and NBFCs is not working. It's time to change the strategy

India badly needs a stimulus. Here's how to find the money

Why equity financing by the government may be an important step to get India Inc. back on track

Subbarao said the Centre needs to cap its borrowings as the open ended borrowings will have negative consequences such as pushing interest rates high

In the last 4-5 years, the government maintained fiscal deficit target of 3 to 3.5 per cent - an acceptable level with a glide path to reduce it to 3 per cent

Nominal GDP will be around Rs 215 lakh crore instead of the budgeted Rs 225 lakh crore. Fiscal deficit will be 5.5-5.7 per cent against the budgeted target of 3.5 per cent