Preparing for cheaper oil

Preparing for cheaper oil

The sudden and sharp fall in the global price of crude oil has thrown up a set of decisions for Indian policymakers. On the one hand, a reduction in the price of oil is always a benefit for India, which imports over 80 per cent

RBI Raises Concern Over Rising Coal Import as Trade Deficit Widens

RBI Raises Concern Over Rising Coal Import as Trade Deficit Widens

After crude oil and electronics, coal has emerged as the latest headache for Indian policy makers battling with unfavourable balance of payments, prompting the Reserve Bank of India (RBI) to flag its concern over the rising dry fuel import, perhaps for the first time.

Banks may face 60% haircut on power loans

Banks may face 60% haircut on power loans

Banks may have to take a haircut of as much as 60% from the close to Rs 1.8 lakh crore of loans to the power sector after the Allahabad High Court denied power companies interim relief from Reserve Bank of India’s tightened NPA regulations

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