Farm loan waivers by state governments have potential to crowd out corporate borrowing if financed through state debt issuance, the Reserve Bank of India (RBI) said in its annual report.

On a similar note, India is trying hard to develop indigenous capacity (Make in India) for machineries and equipment required for, say, new steel capacity augmentation. Otherwise, the large scale of imports of capital goods in the form of machines and equipment for steel plants would have to continue by spending huge foreign exchange and make India import dependent.

To benefit the farmers with better price for raw cotton, the Centre shall also bring the cotton yarn under MEIS coverage, said the Confederation of Indian Textile Industry.

As per SOPA estimates, the actual area in Maharashtra is 36.390 lakh hectare, which is 10% less than the government estimates of 40.433 lakh hectare. Soyabean output in Maharashtra is estimated to rise by 32% to 38.4 lakh tonne for this year.

Caracas, which buys medicines and other products from India, is looking for alternative payment methods after the United States imposed stringent sanctions on Venezuela’s state oil firm PDVSA in a bid to push out President Nicolas Maduro.

Management continues to focus on liquidating Rs 12,300-crore inventory and scaling up the rental portfolio (DCCDL). We maintain earnings estimates for the erstwhile merged entity (despite demerger of DCCDL) awaiting greater clarity on adjustments/reconciliation between DLF and DCCDL numbers (post-demerger).

The production is based on orders received from the customers and hence management is confident that sales despatches would pick up over the next 2-3 quarters, driving an uptick in sales and normalised inventories.

NII is the difference between interest earned and interest paid by a bank. The lender’s asset quality improved q-o-q with gross non-performing assets (NPA) of 17.36%, down 10 basis points over Q2FY19.

Overseas subsidiary performance is expected to turn around which coupled with gradual improvement in domestic margins will enable improvement in the overall margins.

As APHS concludes its capex cycle and loss-making ventures breakeven, the stage is set for APHS to double Ebitda and reduce capex to one-third over FY19–21.

The bank has witnessed asset quality weakening further in December quarter with the gross non-performing assets (NPA) as of December 2018 increasing to Rs 4,056 crore (8.49%) compared to Rs 2, 663 crore (5.95%).

The board had been holding regular workshops with both farmers and buyers to encourage exports, he said, adding that the board had taken huge efforts to ensure that more mango growers register their orchards with MangoNet.

VEDL’s H2FY19 operating numbers were mixed. Key highlights, O&G production fell 2% due to natural decline at Mangla field, though gas volumes were better; production at Zn-India was lower due to geo-technical problems at RA mine and FY19 silver volumes missed 650-700t guidance.

Dishwashing has been one of fastest-growing categories for JYL and we expect strong growth to continue on account of market share gains and lower overall penetration in the category.

The bank, which witnessed a spike in NPAs in its home loan portfolio post the merger of the associate banks, expects the NPA levels to dip with improvements in underwriting and recoveries.

India produces 6-7 million tonne raw cashew per annum, and was till recently the leading supplier of kernels to the global markets.

CAI’s current estimates for the North Zone, Madhya Pradesh, Telangana and Andhra Pradesh are lower by 1 lakh bales each compared to its previous month estimate.

To make matters worse, a sizeable number of labourers from Odisha are employed in the Surat textile industry, said Ashish Gujarati, president of Pandesara Weavers' Association.

Outstanding promoters’ pledged shares were Rs 1.95 lakh crore, which is about 1.38% of the total BSE-500 Index’s market capitalisation in March 2019.

The total corporate bond issuance in FY19 was Rs 6.1 lakh crore, just slightly higher than `6 lakh crore mopped up in FY18.

With India exporting roughly one-third of its cotton yarn production every year, trends in export demand play a crucial role in determining the overall performance of the domestic spinning sector. 

Last year’s cotton sowing was estimated at 126.44 lakh hectare. Scientists say that early cotton sowing may be responsible for pink bollworm attack.

Total imports of shrimp by US for the first six months of 2019 remained flat at 300,683 tonne compared to 302,495 tonne imported during the same period of 2018. Overall, US imported 695,332 tonne of shrimps last year.

Banana accounts for as much as 60-65% of the green exports from Kerala and the rest are vegetables. Of the banana varieties, nenthran plantain leads the food preferences of Kerala’s 20 lakh diaspora families fanning out in the GCC countries.

There is nothing further the government can do, Kumar said, adding that there is liquidity, partial credit enhancement and interest rates have moderated. Asked about the progress made in the resolution of stressed NBFC Dewan Housing Finance (DHFL), Kumar said: “That you should ask the company.”

Industry members claim that the turnaround time after loan sanctions through the portal has been long. In a meeting with finance minister Nirmala Sitharaman earlier this month, an industry association raised a complaint to this effect.

The extent to which banks are using data to lend to SMEs can grow dramatically as almost every bank is working towards this initiative as there is a big opportunity, said the SBI chairman.

Finance minister Nirmala Sitharaman in the FY20 Budget abolished MDR charges for all merchants having a turnover of over Rs 50 crore which would lead the payment companies taking a hit on their margins.

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Growth was already slowing before the corona outbreak; forcing industry to pay full wages imperils MSMEs’ survival

Traditionally, our response to laws failing to arrest healthcare violence has been to simply increase the quantum and severity of punishment the next time.

Parliamentary panel’s recommendations aren’t bold enough, and in some areas, they are even regressive.

As more governments integrate the service—Himachal Pradesh was latest to do so, on April 21—one can expect traffic to increase.

Idealist notions of the State overtaking the Market as the one in charge are unfounded.

“The export without permission would have violated the law, thus, enforcement of such award would be violative of the public policy of India”, the SC said.

Can’t blame Corona for crisis, investment choice was poor

The Centre's fiscal management of the Covid crisis vis-a-vis availability of funds to states might result in creating a coercive, rather than a cooperative federalism.

A good ventilator must be a high-precision product, a combination of top-class engineering efforts, optimum manufacturing capability, and robust financial backing.

This trend continues even for local governments, which come to rely more on state transfers to run the administration.

WHO’s Solidarity and Oxford’s RECOVERY trials can give a clearer picture on some drugs that showed early promise.

The country’s NGOs and trade unions were critical in monitoring the situation, and reaching vulnerable groups.

It is not just the lungs, it affects the heart, kidneys, brain... this is making treatment—and a lasting cure—difficult.

As for MFs, many of them are backed by strong parents—in India and overseas—and this is the time for them to support their offspring.

However, the High Court rejected this invocation of Rule 165, ruling that the it specified only the payability conditions of fees, and not the chargeability of it.

An RT-PCR test takes several hours for the result to be available. We cannot make a patient who comes with a non-Covid-19 problem wait till that result is available.

The trend of low power demand, now furthered in the post-Covid economy, and increased RE generation, will continue to put a ceiling on the PLF of the thermal fleet.

Even supporting the poor—whose numbers will double—can cost Rs 65,000-130,000 crore per month

Rishi Kapoor was old Bollywood, but he was also cracklingly fresh, spoke to an India trembling on the cusp of a new era