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Rebooting Economy 62: Economic growth for whom and for what? © India Today Group Rebooting Economy 62: Economic growth for whom and for what? Hours left in the first budget, reviving economic growth is uppermost in everyone's mind. But what does economic growth mean? Is it growth in GDP numbers or a boom in the stock market? More significantly, what does it have for ordinary citizens? These questions assume significance because the pandemic has hit them the hardest, particularly the poorer segment. The World Bank, IMF, and Brookings Institute reports say India would see the most number of...

IMF's Chief Economist Gita Gopinath on Thursday said it would be damaging for India to start tightening policy support in the midst of the COVID-19 pandemic and also stressed on reducing wasteful expenditures in the upcoming Budget. Delivering NCAER's '9th C D Deshmukh Lecture' virtually, Gopinath said there is scope for the Indian government to provide more direct support to people. "It would be damaging (for India) to start tightening of policy support in the midst of the pandemic," the chief economist of the Washington-based global financial institution said. Noting that India's debt-t...

The Bank of England's health check on banks this year will seek to ensure that Britain's big lenders, including HSBC, and Barclays, can continue supporting the economy during the pandemic and will also look at how banks can return to more normal dividend levels.

ETMGS 2021: Bad loan fear overblown, PSU banks may only need hand-holding, says KV Kamath SECTIONS Share Synopsis K V Kamath said despite their inefficiencies and declining market shares, public sector banks will play an important role in the India growth story. Strong PSBs are required to meet our aspirations at least for next five years’ growth: KV Kamath at ETMGS 2021 Related NEW DELHI: KV Kamath, the veteran banker and former chief of New Development Bank-BRICS who recently headed the RBI panel on debt restructuring, on Wednesday downplayed the concerns over bad loans in public sector b...

Rebooting Economy 60: India in a financial mess of its own making Misdirected stimulus that relies heavily on liquidity infusion when demand is depressed and incentivising loan defaults by routinely writing off NPAs threaten financial stability and economic recovery Prasanna Mohanty | January 21, 2021 | Updated 14:56 IST The Insolvency and Bankruptcy Code (IBC) is unlikely to help much in cleaning up bad loans The RBI's Financial Stability Report (FSR) released on January 11, 2021 warns of serious financial risks to the economy (described as "unintended consequences") caused by the monetary ...