CII has also asked for a backstop facility to address liquidity crisis at NBFCs, and relief for MSMEs, besides a refinance facility for mutual funds.
1 min read18 Jan 2019ONGC's cash reserves dropped to about Rs1,000 crore as on 31 March from nearly Rs13,000 crore a year earlier after its HPCL acquisition and dividend payout to the government
2 min read11 Jun 2018Coal India has allocated Rs15,000 crore capex for this year, out of which Rs6,500 crore28% higher than last year's allocationis for non-core operations
2 min read7 Jun 2017For every dollar it buys, RBI releases rupees into the banking system, which is already awash with surplus cash after demonetisation
1 min read13 Apr 2017RBI may consider raising the cash reserve ratio for the first time since 2010 if deposits accumulated due to demonetisation don't flee over the coming months
2 min read20 Mar 2017Economic Survey says RBI's surplus cash can be used to extinguish bad loans in PSU banks and setting up a state-owned asset reconstruction company
2 min read31 Jan 2017RBI says the temporary cash reserve ratio (CRR) hike withdrawal will start in the fortnight beginning 10 December
1 min read7 Dec 2016From RBI's estimation of growth and inflation, to its move on cash reserve ratio, the market is closely watching for the monetary policy statement
2 min read6 Dec 2016CRR is the percentage of a bank's time and demand liabilities that needs to be kept as cash with RBI
2 min read5 Dec 2016According to experts RBI's move for banks to maintain excess cash reserve ratio is likely to result into over Rs3 trillion outflow
1 min read30 Nov 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared