The IMF is urging governments to let fuel prices rise, warning that broad subsidies and price caps worsen global energy shocks. Allowing price signals to function encourages demand reduction, which is crucial for market stabilization. Targeted cash transfers are recommended…
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In a bid to navigate the turbulent waters of global shipping issues, India’s textiles ministry is advocating for lower duties on rayon pulp and certain cotton varieties. Furthermore, there’s potential for a postponement of anti-dumping duties on specific yarns, which…
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Indian banks are now requiring corporates to provide documentation for dollar forward transactions. This move follows recent currency volatility and new regulations. Banks are scrutinizing clients and setting limits based on past performance. The Reserve Bank of India has not…
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Gautam Adani is now Asia’s richest person, surpassing Mukesh Ambani. Adani’s wealth has surged this year, placing him 19th globally. Ambani’s fortune has seen a decline. Adani Group shares gained significantly, boosting Adani’s net worth. Several global billionaires have experienced…
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Growth headwinds are building across the banking sector, with lenders likely to adopt a more cautious stance and prioritise low-risk borrower segments
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A new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt share to initiate proceedings. This bypasses the NCLT admission process, with the tribunal’s role limited to moratorium and plan approval. The entire…
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