India needs to tap into foreign capital to trigger investment and growth: CEA Subramanian

India needs to tap into foreign capital to trigger investment and growth: CEA Subramanian

There is a need to consider tapping into foreign capital to trigger a cycle of investment and growth, Chief Economic Adviser (CEA) Krishnamurthy Subramanian said on July 16. “Apart from sovereign bond issue, we also need to be tapping into foreign...
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Weekly Tactical Pick: Indostar Capital Finance

Weekly Tactical Pick: Indostar Capital Finance

Moneycontrol Research Team We are recommending Indostar Capital Finance (CMP: Rs 350, market capitalisation: Rs 3,200 crore), the asset financing non-banking financial company (NBFC), as a tactical pick. Primarily, a wholesale financier, it forayed into SME...
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JKIDS to provide capital investment incentives, interest subsidy

JKIDS to provide capital investment incentives, interest subsidy

The newly announced Jammu and Kashmir government’s Industrial Development Scheme (JKIDS) offers capital investment incentives and interest subsidy to industries and service unit holders in the state. Unit holders in J&K will be provided ‘central capita...
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Capital infusion of PSBs to support credit growth, job creation: SBI report

Capital infusion of PSBs to support credit growth, job creation: SBI report

The capital infusion of public sector banks (PSBs) is a “big bang reform” aimed at supporting credit growth and job creation, says a SBI research report. The government on October 24 unveiled Rs 2.11 lakh crore two-year road map for strengthening NPA-hit...
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Finance ministry may provide capital support for merger of PSU banks

Finance ministry may provide capital support for merger of PSU banks

The finance ministry is open to providing capital support for facilitating consolidation among state-owned banks, which are reeling under mounting bad loans, official sources said. The Union cabinet has approved the setting up of an alternative mechanism, or a...
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Public sector capital investment in lockdown mode in Maharashtra

Public sector capital investment in lockdown mode in Maharashtra

Brakes have been applied on public sector capital investment in Maharashtra. The Devendra Fadnavis government’s Rs 34,000-crore farm loan waiver and the compensation to municipalities for loss of revenue due to implementation of the Goods and Services Tax ...
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