Page 14 - Ananth Narayan News Today

‘Hangry’ customers, employees all over ByY Maheswara ReddyY Maheswara Reddy / Updated: Apr 10, 2021, 06:00 IST . The 11-day covid curfew from Saturday is set to have an adverse impact on the manufacturing industry and the hospitality sector, affecting the livelihoods of thousands of people in Bengaluru. Chief Minister BS Yediyurappa on Thursday announced that the curfew will be in force between 10 pm and 5 am from Saturday. According to PC Rao, president, Bruhat Bengaluru Hotels Associati...

India’s Central Bank Says ‘Boo.’ Carry Traders Faint × Large-scale bond-buying and money-printing may result in a glut of rupees, causing them to depreciate against the dollar. “India joins the money printers.” That’s how an ING Bank research note describes the Reserve Bank of India’s explicit commitment to buy ₹1 lakh crore ($14 billion) in government bonds this quarter. Since this new move has been given a fancy name — Government Securities Acquisition Program — it will ...

In a sign that the Reserve Bank of India’s (RBI’s) loose monetary policy could be leading to unintended consequences, the rupee nosedived 1.52 per cent after the central bank committed to buying Rs 1 trillion bonds from the secondary markets in the first quarter. The rupee closed at 74.56 to a dollar — the lowest since November 13, 2020. The intraday fall is the steepest since the August 2019 levels. According to Paresh Nayar, head of forex and fixed income at First Rand Bank, there was s...

Smart treasury operations could help RBI transfer higher surplus to the government SECTIONS Share Synopsis The Reserve Bank of India may have accumulated a record high foreign exchange reserves, but it is a losing proposition given that a nearly 25 percent jump in fact led to a fall in returns by nearly a fifth. Agencies While RBIs balance sheet has expanded since June 2020, yields on foreign currency investments have indeed reduced over the past year. Even as the Reserve Bank earned less on t...

Firms’ ability to repay debt improves in Dec quarter A Mint analysis of Capitaline data showed that the interest coverage ratio of 324 companies in the BSE 500 index rose to an 11-quarter high of 4.46 in the December quarter, compared with 3.87 in the September quarter and 3.30 in the December quarter of the previous fiscal.Premium 4 min read Share Via Read Full Story Steady earnings growth boosted Indian companies’ ability to service debt in the December quarter despite a higher interest o...

How to make India’s bad bank workable Many lenders have accumulated a large volume of stressed assets over the years. The NPA problem needs an urgent fix.Premium 9 min read Ananth Narayan Past experiments have failed because of design issues. Malaysia’s ‘Danaharta’ shows a viable way ahead If stressed loans are transferred at too low a value, the recovery might deliver supernormal profits to buyers. This could be especially problematic if the buyers are in the private sector Share Via R...

India’s federal budget Monday will be a much tougher balancing act than New Delhi’s regular annual fiscal trapeze. For one thing, the pandemic has upset business-as-usual calculations of how much to spend, on what, and how to finance it. For another, an impatience to make up for lost time has to be weighed against a shrinking of policy space in emerging markets: A reprise of the 2013 global taper tantrum could compound the country’s considerable domestic challenges. On the first questio...

A India’s federal budget Monday will be a much tougher balancing act than New Delhi’s regular annual fiscal trapeze. For one thing, the pandemic has upset business-as-usual calculations of how much to spend, on what, and how to finance it. For another, an impatience to make up for lost time has to be weighed against a shrinking of policy space in emerging markets: A reprise of the 2013 global taper tantrum could compound the country’s considerable domestic challenges. On the first qu...

Financing India’s growth revival The form the bank rescue plan will take can significantly affect its effectiveness. MintPremium 1 min read Share Via Read Full Story The pandemic has plunged the Indian economy into a contraction, and government revenues have taken a major hit. Supporting the country’s nascent economic recovery will require a massive spending package. How will the government fund the stimulus? This is the question our panel will be debating in today’s edition of Mint’s ...

How India could spend its way out of the Great Recession Premium (ANI) Share Via Read Full Story After dithering on a fiscal stimulus package for nearly a year, India’s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget. The government hopes that growth will generate higher tax revenues which will help meet its debt obligations in the coming years. Most economis...