E-PaperSdr News
PM eases SDRF cap to help states fight the pandemic
In virtual meeting with CMs, Modi tells states to evaluate efficacy of local lockdowns
2 min read24 Sep 2020Consensus remains elusive among G20 countries on fresh SDR allocation
SDR is an international reserve asset created by International Monetary Fund comprising the dollar, euro, yen, sterling and yuan, allocated to its members in proportion of their quota
2 min read19 Jul 2020States can use ₹29,000 cr SDRF fund to give food, shelter to migrant workers: MHA
Central government has also asked the states and UTs to set up camps for migrant workers fleeing cities and carry out their health check-ups
2 min read28 Mar 2020India's forex reserves decline $727 mn
India's forex reserves comprise Foreign Currency Assets (FCAs), gold reserves, Special Drawing Rights (SDRs) and India's reserve position with the International Monetary FundOn a weekly basis, FCAs - the largest component of the forex reserves - edged lower by $1.734 billion to $399.357 billion
1 min read3 Aug 2019Disaster relief funds not enough, say states
GST council to seek views of the attorney general of India on the disaster cess, talks would also be held with the 15th Finance Commission over the NDRF and SDRFs
1 min read15 Oct 2018Bankruptcy court admits insolvency plea against Lavasa Corp
Lavasa, which owes more than 3,000 crore to lenders, owns about 20,000 acres in Maharashtra
2 min read30 Aug 2018Cracking India’s bankruptcy code
The Insolvency and Bankruptcy Code has got cracking on the bad loans problem of the Indian banking system, but can it clean up the mess?
6 min read2 Aug 2018The RBI got this one right
The Reserve Bank of India did the right thing by issuing new guidelines for banks regarding the classification and restructuring of stressed assets
4 min read20 Feb 2018Banking stocks fall after RBI rejigs bad loan rules
Banking stocks fall as analysts expect that state-owned lenders will remain at an elevated level after RBI scraps CDR, SDR, S4A and JLF schemes to restructure defaulted loans
1 min read14 Feb 2018RBI withdraws SDR, S4A, sets banks 180-day timeline for bad loan resolution
Banks must implement a resolution plan within 180 days where exposure is Rs2,000 crore and above, failing which the NPA account has to be referred to the insolvency and bankruptcy code within 15 days
3 min read13 Feb 2018Popular Topics
Budget
The 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