Indian Economy: News and Discussion

[Haldilal]

Ya'll Nibbiars The proposed NARCL will buy bad loans from banks, mostly PSBs. A step-down AMC will work on restructuring, turnaround and resolution. The government is keen to attract alternative investment funds run by private equity and other investors and will provide assurance against security receipts issued to banks. PSB's will hold 51 per cent stake in NARCL. Canara Bank will take the highest 12 per cent stake. Private sector bank's, too, will join. The investment will be between Rs 5,000 crore and Rs 8,000 crore depending upon the initial asset purchase plan.

 

[Haldilal]

This is a classic case study on bad banks. Glad you picked it up.

Ya’ll nibbirs needs to attract talent to make the Bad Bank work. Need extremely dedicated staff of only few hundreds but extremely talented.

 

[Haldilal]

It depends a lot on the quality of assets in the balance sheet of the distressed entity. It is these good assets that are being sold at discounted price to settle outstanding obligations. At one time we were in the market to purchase a sizeable portfolio of DHFL loan assets at a significant discount when DHFL was taking on water. Sadly the deal couldn't go through. Not enough time for due diligence.

A lot of the Investment banks and funds have launched Special Situations funds to outright buy these distressed assets or the good portion of assets of distressed entities at a significant discount and thereby recognize a fair value gain on writing up the investments at a later date.

Then there are ARCs (Asset Reconstruction Companies) like Edelweiss ARC who are purchasing distressed assets at discounted prices and bringing them up to viability standards to be sold at profit.

A lot of deep pockets are following the distressed market carefully in case they see a deal worth the investment.

Ya'll Nibbiars the DHFL was a sad deal and even the Videocon. And in the case of the Shiv Technologies the same lender given back them additional loans after a 95 percent discount's on the NPA's.

 

[Haldilal]

Ya'll Nibbiars the ARC is a risky business I new a deal where the Edelweiss and a ex JPMORGAN person burned their hands and that's also in the physical asset's. I fought that case.

 

[ym888]

Hunger crisis forces even middle-class Indians to line up for rations
SECTIONS
Hunger crisis forces eve ..

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[FalconSlayers]

 

[FalconSlayers]

 

[FalconSlayers]

 

[FalconSlayers]

 

[HitmanBlood]

Hunger crisis forces even middle-class Indians to line up for rations
SECTIONS
Hunger crisis forces eve ..

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

There is no hunger crisis in India. This article is a propaganda piece from Bloomberg. That outlet has a neocon anti India agenda. Even article itself says there is no statistical data so they relay on anecdotal evidence.

 

[FalconSlayers]

There is no hunger crisis in India. This article is a propaganda piece from Bloomberg. That outlet has a neocon anti India agenda. Even article itself says there is no statistical data so they relay on anecdotal evidence.

It can be true to an extent for poor, but middle class? I mean inflation is not that high that middle class guys will go for such, except a few do so and they represent the whole, lol.

 

[Haldilal]

Ya'll Nibbiars the Indian Bad Bank will start with 2.2 lakh crores NPA that quite a challenge's.

 

[Haldilal]

Ya'll Nibbiars

Authum Investment likely winner for Reliance Commercial Finance

The Alpana Dangi-promoted Authum Investment is in the business of investing in shares and securities. The company, which has a net worth of over Rs 2,400 crore, is also engaged in financing activities, according to its website.

www.financialexpress.com

 

[Haldilal]

Ya'll Nibbiars

200mn investment planned in India: ZF - Times of India

Times of India brings the Latest & Top Breaking News on Politics and Current Affairs in India & around the World, Cricket, Sports, Business, Bollywood News and Entertainment, Science, Technology, Health & Fitness news & opinions from leading columnists.

m.timesofindia.com

 

[HariPrasad-1]

If you closely look at the EODB rankings you will see that India gets its a$$ screwed in two specific parameters. One is land and the other is contract enforcement. The land acquisition act tabled by NDA-1 was an attempt to elevate India's position in this regard. We all know how it ended up, right? The NJAC bill was another attempt where they wanted to fix the judicial system. Again we know how it turned out. A aspiring capitalist economy runs on a bunch of contracts. Any delay enforcing it and you get a bad name in investor community. Compare it to the people's 'republic' where contract enforcement is swift and land acquisition is cheap, fast and seamless. Can you do that in India?
Truth be told, after getting the initial spanking various state governments indeed attempted to undertake land reforms within their respective legal capabilities. Most recent example being Karnataka; who undertook reforms amidst covid despite intense protests. But this is nothing compared to the giant land parcel network that the 2015 bill would have created.
Look at the farm bills. There was absolutely no problem with them apart from the fact that it would have hit a politically powerful corrupt vested interest group really really hard. How did that end up?
I still have hopes regarding farm bills. Committees after committees advised similar reforms and in all probability even the SC appointed committee will not really change any major provision and it will probably get implemented once elections are over. But look at the time frame. Two years LOST!
It is incredibly incredibly difficult to undertake reforms in a democracy like India where pretty much everybody has a problem with pretty much everything.

yes, However, many issues are sorted out such as easy clearance, availability of electricity, good road and port infrastructure etc. Which pushed our rank steeply in ease of doing business. However, what you said is right. Many issues need attention and resolutions. More and more reforms will resolve those structural issues. We need a Nitin Gadkari style push to complete reforms in short time.

 

[Suryavanshi]

Much Jubal about Nepal from the Mongolian nationalist but not any about Myanmar.

 

[Haldilal]

Ya'll Nibbiars Internationally Mutual Fund Association also dictates who should probe whom?.

The entire ecosystem from mutual funds to news anchors and analyst support such activities & infact glorify most such companies. We as a country do not understand the concept of conflict of interest across many professions and industries.

 

[afako]

Modi Govt is the first Govt where the PM and most of the major ministers are from the coastal states who understand world trade and mercantalism much better than rent seeking bureaucrats in Delhi could ever understand.

Finally India is at a turning point where we are becoming a major manufacturer and exporter.

 

[Haldilal]

Modi Govt is the first Govt where the PM and most of the major ministers are from the coastal states who understand world trade and mercantalism much better than rent seeking bureaucrats in Delhi could ever understand.

Finally India is at a turning point where we are becoming a major manufacturer and exporter.

Ya'll Nibbiars you biased against North Indians you go to Jail.

 

[sorcerer]

Strong Tailwinds, India Set To Emerge As Fourth Largest Chemical Producer In The World

The specialty chemicals industry in India has grown at a rapid pace of 11.7 percent CAGR over CY15-20 and is valued at around $32 billion. The industry is expected to continue growing at a lightning speed, delivering a 12.4 percent CAGR over the next five years and India's share in the global specialty chemical market is expected to double to $64 billion by CY25.

Strong tailwinds, India set to emerge as fourth largest chemical producer in the world

India will be the biggest beneficiary as the US and European companies face pressures from institutional investors and lenders to re-base their supply chain away from China but New Delhi faces stiff competition from several countries, including Vietnam

www.moneycontrol.com