NEWS UPDATE, 8th January 2018

Government, RBI unlikely to give nod to Sebi’s ‘loan default disclosure’ proposal 

he Securities and Exchange Board of India (Sebi) proposal requiring listed companies to disclose a loan default within a day of it happening is unlikely to be implemented, with both the government and the Reserve Bank of India (RBI) not keen on such a measure, said two people close to the development.

Sebi had sought to resurrect the plan by taking the proposal to the regulator’s board meeting on December 28…..

Source: Economic Times 

Don’t privatise Air India, give it 5 years to revive: Parliamentary panel 

 This is not an appropriate time to divest government stake in Air India, which should be given at least five years to revive and its debt written off, a parliamentary panel is likely to tell the government.

The panel is also understood to have concluded that the equity infusion in the national carrier, as part of the turnaround plan (TAP), was made on a “piece meal basis”, adversely affecting its financial and operational performance and “forcing” the airline to take loans “at a ….

Source: Economic Times

PM Narendra Modi not a shoo-in but will start 2019 with big advantage 

What can one do about a city called Surat? How disappointing it must be for the Congress and the Lutyens Intellectual Brigade (LIB) who depended on this ancient city to deliver a stunning blow against PM Modi and the BJP in the just-concluded elections. Before December 9 and 14, it was believed that the anger against the government’s major reform measures — demonetisation and GST — will cripple the BJP in the city, which is the bastion of the trader community. The restive Patidars who have made  .. ..

Source: Economic Times

Asian infrastructure investment bank plans to issue first USD bonds this year

 China-led Asian Infrastructure Investment Bank (AIIB), in which India is a second largest shareholder, plans to issue its first US dollar-denominated bond with minimum worth of a USD billion by June this year. With 84 members so far, the AIIB was officially established in December 2015 and opened for business in January 2016.

Source: Financial Express

NPA crisis: 1,463 bad loan accounts owe PSU banks Rs 1 bn or more

As many as 1,463 entities account for bad loans of Rs 1 billion or more in 21 public sector banks (PSBs), finance ministry data showed….

Source: Buisness Standard

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