| NewsClick

For latest updates on nCOVID-19 around the world visit our INTERACTIVE COVID MAP

Newsclick Team
Middle Class Has Lost Faith in Economy
29 May 2020
A new survey by CreditVidya has found that there has been a rapid decline in the income and spending of around 53 crore people belonging to the consumer class in India.
Abir Dasgupta, Paranjoy Guha Thakurta
Is Reliance’s Rights Issue Over-Valued?
20 May 2020
India’s “biggest-ever” rights issues of shares by the country’s single-largest private corporate entity, Reliance Industries Limited, is under way at a time when the economy is in terrible shape. Is…
Newsclick Team
Will Government Intervention on Mutual Funds and Insolvency Proceedings Calm Nerves?
29 Apr 2020
The Reserve Bank of India has intervened to prevent panic after Franklin Templeton closed six mutual fund schemes and the Finance Ministry has postponed insolvency proceedings.
PTI
MONEY HEIST? Over Rs 68,600 Cr Loans of Wilful Defaulters Written Off Till Sept 30, Says RBI
28 Apr 2020
Mehul Choksi, Vijay Mallya firms among those who got away with massive bank loan defaults, reveals the apex bank’s reply to RTI activist Saket Gokhale.
Subodh Varma
COVID-19: Why Modi Govt’s Loan Push Will Not Revive Economy
19 Apr 2020
Like so many policies, the Bharatiya Janata Party-led Narendra Modi government continues to display spectacular folly and anignorance of experience across the world.
Newsclick Team
Reserve Bank of India's New Polices: Raw Deal for States
18 Apr 2020
Since the state governments have to bear the bulk of the financial burden of providing relief to the poor and to migrant workers, the Union government and the Reserve Bank of India need to do much…
RBI’s COVID-19 Relief Measures for NBFCs Do Not Address NPA Concerns
17 Apr 2020
The central bank is again silent on whether scheduled commercial banks can extend moratorium to NBFCs which have combined debt of Rs 1.7 lakh crore maturing by June 2020.
PTI
To Push Liquidity and Credit Availability, RBI Eases Bad Loan Rules, Cuts Reverse Repo Rate
17 Apr 2020
Bad loans or non-performing asset (NPA) classification will now happen after 180 days instead of the current policy of 90 days of payment default.
Newsclick Report
NBFCs Debt Worth Rs 1.7 lakh Crore at Risk, Warns Crisil Rating
11 Apr 2020
According to RBI data, the outstanding borrowing of NBFCs is reported as Rs 7 lakh crore.
PTI
COVID-19: Banks in India to Witness Spike in Credit Costs, NPAs in 2020, Says S&P Report
06 Apr 2020
Credit Analyst Gavin Gunning said there were concerns that the coronavirus will spread faster, further, and for longer.