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RBI on May 3 proposed to lenders that they set aside higher provisions for under-construction infrastructure projects and asked them to ensure strict monitoring of any emerging stress
The Indian rupee is expected to appreciate to about Rs 82–82.50 in FY25 while in the near term, it will trade between Rs 83-83.50 against the US dollar, a top economist with CARE Ratings said.
The non-life insurance industry in India witnessed robust growth in FY24, with health insurance premiums exceeding Rs 1 trillion and motor insurance crossing Rs 90,000 crore mark. Government schemes like Ayushman Bharat contributed significantly to the growth. Industry experts project a medium-term growth rate of 13-15% driven by health and motor insurance segments.
The Insolvency and Bankruptcy Code (IBC) seems to be incentivising debtors to settle their defaults even before the cases are admitted under the code with over 27,500 applications for initiation of CIRPs with an underlying default of Rs 9.74 ...
Finance Minister Nirmala Sitharaman, on February 1, announced that the government will provide long-term interest-free loans to states to promote iconic tourist sites.