Indian Economy & Business Analysis
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Major events for the week are tabling of report on black money in the parliament, SEBI’s tightening of rules for mutual funds, continued trouble at DHFL, initiation of insolvency proceedings against Jet Airways and L&T set to acquire Mindtree. The quantum of black money in the economy stood in the range of 7-120% of GDP […]
The week saw important developments in the financial services sector with debt repayment by DHFL, issue of new rules by SEBI for credit rating agencies and resignation of auditors of Reliance Capital. On the other hand, economy had some good news with a jump in IIP growth rate and inflation numbers being in the comfort […]
NBFC sector has been receiving intense attention, most recently due to default by Dewan Housing finance Corporation Ltd (DHFL). The trouble which began about a year ago with the default of IL&FS has seen skeletons tumbling out of the closet. While RBI has proactively provided liquidity to the market, it has refused to bail out […]
GDP growth declined for fourth successive quarter, reaching a level of 5.8% for quarter ended March’19, as per the data released by MOSPI recently. This is also the lowest quarterly growth rate in the five years of NDA-1 government. (How the government still came back to power is another story). Growth rate for the full […]
