The nominal GDP in the first quarter contracted by 22.6% to Rs 38.08 lakh crore compared to Rs 49.18 lakh crore in the same period last year even as the real GDP declined 23.9% during the quarter

The World Bank notes that the government needs to continue to implement critical reforms in key areas such as health, labour, land, skills and finance to come out stronger from the impact of the coronavirus pandemic

The report found that IFIN was not compliant with the minimum Net Owned Funds and Capital to Risk Assets Ratio (CRAR) prescribed for an NBFC of its type, as of March 31, 2018

Solutions to shadow banking risks are well-documented: tightening regulations, extending central banks' cover as lender-of-last-resort, mandating deposit insurance to prevent overnight collapse, controlling trade in highly complex, opaque and high-risk derivatives and changing short-term-funding-long-term-lending business model

Most governments across the world incentivise debts to drive business even when it leads to over-borrowing, economic instability, tax evasion and adversely impacts investment in public goods. In contrast, equity-driven business has none of these ill-effects, produces better economic outcomes too

India Stock Market Highlights Today: ONGC, followed by Tech Mahindra, TCS, HCL Tech, NTPC, Infosys and HDFC duo were among the top gainers today, while Maruti, Axis Bank, Bharti Airtel, M&M and Reliance Industries were among the laggards.

India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit

From using technology to sell financial products to being tech companies that use AI, Big Data and analytics for offering customised services, the banking industry will see a major shift

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

Punjab is among the most indebted states with debt to gross state domestic product (GSDP) ratio in FY20 being nearly 40%. The outstanding debt of the state is projected to be Rs 2,48,236 crore in 2020-21(BE) which is 38.53% of GSDP

If the aggregate demand for credit does not rise, clearly, 75% of the Aatmanirbhar Bharat Abhiyan package would simply fail to stimulate the economy

The higher the value above the long-term average, the more overpriced the index becomes

Rising debt of Centre and states is set to weaken the countrys credit profile. What is the way out?

Why the sharp recovery and sustained run in stock markets is built on weak fundamentals. Despite the fall, they are trading at double the valuation of the 2008 Lehman crash

This is the second part of the series which focuses on some of the neoliberal ideas which have clearly failed and yet vigorously pursued and who are the proponents of these ideas

The global fight against health and economic crises highlights the need for big government spending and better redistribution to protect people, not less

The reason India finds itself in the comity of nations that can't afford a big stimulus to stoke economic growth is the 8 quarters of wait-and-watch game played until coronavirus hit us

RBI data shows excess liquidity is lying idle, parked in its own reverse repo account, and burdening it with higher interest payouts. This could be tapped and channelised for additional fiscal spending to stimulate growth through government bonds

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

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