The RBI Governor, Shaktikanta Das addressed the media yesterday and took several steps to combat the economic fall-out of the coronavirus outbreak. The COVID-19 pandemic and the consequent lockdown has severely impacted economic activities across the world. As per the IMF’s World Economic Outlook, the global economy is expected to contract sharply by –3 percent in …
The Non-Bank Financial Corporations (NBFCs) were already facing a liquidity crunch when coronavirus pandemic hit and disrupted economic activities across various sectors. Ever since the default of Infrastructure Leasing & Financial Services Limited (IL&FS) and Dewan Housing Finance Corporation Ltd. (DHFL), the NBFCs have been facing difficulty in meeting their funding requirements. [Read about the …
The prolonged lockdown in China from January 2020 to March 2020 to tackle the deadly coronavirus pandemic disrupted the global supply chains in various sectors, including in the pharmaceutical sector. [You may read: Impact of COVID-19 on MSMEs] China is the world’s leading producer and exporter of bulk drugs and intermediates by volume. Most pharma …
Impact of COVID-19 on Pharmaceutical Sector in India Read More »
Currency convertibility means the freedom to convert domestic currency (rupee) into other international currencies (like Dollars etc.) Before we discuss it further, read- What is current account and capital account? Current account convertibility means freedom to convert rupee into dollars etc and vice versa for export and import of goods and services. It also includes …
Current Account and Capital Account Convertibility- Explained Read More »
The Insolvency and Bankruptcy Board of India (IBBI) constituted an 11 member working group under former SEBI chairman U.K Sinha to provide a regulatory framework to facilitate the insolvency resolution of group companies. We know that the Insolvency and Bankruptcy Code, 2016 had consolidated all the existing laws related to insolvency in India. [Read: The …
What is Group Insolvency framework? Why is it required? Read More »
The RBI hiked the limit of Ways and Means Advances (WMA) to deal with the COVID-19 pandemic. This post explains about the WMA in a simplified way. Ways and Means Advances (WMA) The RBI acts as a banker to Government. Under ways and means advances (WMA), it gives short-term loan facilities to the central government …
The RBI hikes Way and Means Advances (WMA) limit- What is it? Read More »
COVID-19 is the black swan of 2020. It has ravaged economies across the world. The pandemic is expected to hit India’s Micro, small and medium enterprises (MSME) sector particularly hard because of a lack of adequate cash reserves to tide over the crisis. The chairman of the Global Alliance for Mass Entrepreneurship (GAME) has said …
Impact of COVID-19 on Micro, small and medium enterprises (MSMEs) Read More »