Rajan, former RBI governor, on September 7 identified a pick-up in private investment as an important requirement to improve health of the economy Speaking at the launch of his book, he said more than positive statements about the economy that Indian entrepreneurs make, what matters is …
Tag: Raghuram Rajan
RBI may review TReDS platform for hindrance-free financing of trade receivables
The Trade Receivables e-Discounting System (TReDS) is likely to be reviewed by the Reserve Bank of India and the government. The system of invoicing has made large companies to be spartan as competitors will identify their MSME suppliers. As TReDS is a transparent system, it is mandatory for comp…
Fresh bad loans created in Agriculture, SMEs due to demonetisation, says Pronab Sen
Pronab Sen, the former secretary of the Ministry of Statistics and Programme Implementation, was responsible for setting up the government’s data gathering machinery as the first Chief Statistician of India. One of the most regarded economists, he has taught at the Delhi School of Economics and J…
Telangana to set up industrial health clinics to revive MSMEs
HYDERABAD: The Telangana government would soon set up an ‘Industrial Health Clinic’ to revive sick units in the MSME sector with a corpus of Rs 100 crore, State Industries Minister K T Rama Rao said in the Legislative Assembly on December 30, 2016. Noting that 70-75 per cent jobs are …
Demonetisation: Liquidity problem may worsen bank NPAs as SMEs face crisis of repayment
The surprise demonetisation resulted in an extraordinary amount of funds available to banks, albeit for a short period. However, demonetisation will affect the banking sector in terms of non-performing assets (NPA), particularly in the context of last week’s bimonthly Monetary Policy Statement. L…
Airtel rolls out India’s first payments bank
The first payments bank in the country has gone live. Airtel Payments Bank , which has rolled out a pilot project in Rajasthan, launched with the promise of being a disruptor, offering 7.25% interest on savings bank accounts. This is the highest return offered by a bank in India, with most lender…
Finance Ministry signals common ground with RBI on bad loans
A day after Reserve Bank of India (RBI) Governor Urjit Patel signalled a shift in the central bank’s stance towards tackling bad loans, Finance Secretary Ashok Lavasa on October 5, backed the new approach, saying state-run banks need to find practical ways out of the stagnation in loan growth. Pa…
Industry forum ASSOCHAM calls Modi govt progressive
Describing the two-year tenure of the Prime Minister,Narendra Modi’s Government as ‘work in progress,’ apex industry body ASSOCHAM 23 May said that country’s big macroeconomic picture has certainly been steadied while some bold moves have been made in the roads and highways, railways and en…
SMEs key to economic growth | Raghuram Rajan
RBI governor Raghuram Rajan on May 21 said Small and Medium Enterprises (SMEs) hold the key to creating more jobs and accelerate country’s economic growth and the sector ought to be encouraged to flourish in a hassle-free environment. Rajan stressed the need for rapid implementation of prog…
RBI organizes program on MSME in Leh
Reserve Bank of India organized a town hall programme on MSME at Leh and an outreach activity at village Basgo, Leh. The programme was attended by Governor, Reserve Bank of India Raghuram Rajan. Regional Director for Jammu and Kashmir, Reserve Bank of India while extending a warm welcome to the…