RBI rejects Lakshmi Vilas Bank-Indiabulls Housing Finance merger plan

The Reserve Bank of India (RBI) rejected the merger proposal between Lakshmi Vilas Bank and mortgage lender Indiabulls Housing Finance Limited. If the RBI would have approved the move, this would have been the first-ever incident where a non-bank lender ..

Merger of the 10 Public Sector Banks

In a slew of measures announced by the Finance Minister of India, Nirmala Sitharaman on 30th August, 2019, to take the country out of economic doldrums, one particular step of the government has stood out. This was the planned merger ..

RBI’s Surplus Transfer

The Reserve Bank of India has transferred a surplus of Rs. 1.76 lakh crores to the Indian Government. This payment, which is equal to 1.25% of the Indian GDP (in nominal rates for 2018-19) aims to provide some breathing space ..

Government announces measures to arrest economic downturn

To improve the grim economic situations in India, the Indian finance ministry has announced several measures to arrest the economic downturn in India and promote a healthy investor scenario in India. These measures were announced the Finance Minister of India, ..

Moody predicts the status of the Global Economies

One of the world’s leading financial conglomerates, the Moody corporation’s wing, the Moody’s Investor Services has released its predictions for the economies of the world. What does the report say about India? Moody’s Investors Service has cut its growth projections ..

Causes for Fiscal Distress in Rural India

While there have been several media reports about how the precarious fiscal position in Rural India has lead to a slowdown in the FMCG sector of India, causing the food giants Britannia and Parle to slash production and jobs, respectively, ..

Tax Holiday for Startups extended to startups with turnover upto INR 25 crore

In a clarification issued by the Central Board of Direct taxes, a tax holiday has been extended to only those startups with a turnover of INR 25 crore.? What has happened? Startups in India have the potential to provide a ..

State of Biscuit Makers in India

The hard-hitting Indian economic crisis has also taken a toll on the Biscuit makers in India. What has happened? The Indian Rural economy is in shambles and is facing a significant credit crunch which has been magnified by successive droughts ..

Growing Economy via investments in Infrastructure

It is no surprise that the global economy is about to enter a recession. The economic woes are also high for Indian Economy which is currently going through its worst phase of growth. However, the economy can be stimulated via ..

Proposed steps by NITI Ayog to slow economic decline in India

The Indian think-tank, the NITI Ayog has declared that the current economic situation in India is unprecedented and nobody had faced this type of a situation in the past 70 years. The NITI Ayog has also proposed several solutions to ..