Only 5% mid, emerging corporates avail RBI s one-time restructuring: Ind-Ra
India Ratings and Research said only 5 per cent of its rated 450 issuers in the mid and emerging corporates (MEC) space had availed the RBI s financial restructuring facility available till December 31, 2020
PTI | February 3, 2021 | Updated 19:40 IST
In August last year, the RBI had announced a one-time restructuring for personal and corporate borrowers affected by the pandemic-related stress
Very few corporates from the mid and emerging segments opted for the Reserve Bank of India s (RBI) one-time debt restructuring following respite from various government schemes such as the Emergency Credit Line Guarantee Scheme (ECLGS) and a faster recovery in demand, according to a report.
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Budget 2021: MSME sector expectations from FM Nirmala Sitharaman
A quick look at what COVID-struck MSME sector hopes from Finance Minister Nirmala Sitharaman in Budget 2021 and what respite she is likely to offer
Source: Reuters
Budget 2021 is just around the corner and industry captains are hoping Finance Minister Nirmala Sitharaman will give their requests due consideration when she presents her Union Budget 2021-22 on February 1.
While the COVID-19 pandemic has left no sector unharmed, the micro small and medium enterprises (MSME) sector is believed to have borne the maximum brunt.
To alleviate the pain of MSMEs, the government announced a Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) under the Aatmanirbhar Bharat Abhiyan package valid until March 21, 2021.
Keep the wheels of economic recovery turning
Updated:
Updated:
January 28, 2021 10:51 IST
The fiscal stimulus needs to continue in FY 2021-22 to speed up India’s economic healing
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The fiscal stimulus needs to continue in FY 2021-22 to speed up India’s economic healing
The forthcoming Economic Survey will tell us about the state of the economy based on available empirical evidence. The first advance estimates of national income published on January 7 project a contraction of 7.7% for real GDP. The Q2 GDP estimates published by the National Statistical Office, Ministry of Statistics and Programme Implementation (MOSPI) on November 27 had suggested an economic recovery in India. An improvement in the rate of contraction from 23.9% in Q1 to 7.5% in Q2 was seen as the beginning of a sustained recovery. The Ministry of Finance, in its Monthly Economic Review highlighted it as signifying a ‘V’ shaped recovery and as a reflection of the resilience and robu
FDI is likely to exceed $50 billion this year while FPI flows into equity (around $20 billion of net equity investments YTD) are likely to reach record levels.