Restructuring Current Affairs, GK & News
The RBI has proposed a one-time loan restructuring scheme for micro, small and medium enterprises (MSMEs). The loan restructuring would be a big relief for troubled small businesses hit by demonetisation in late 2016 and the implementation of goods and services tax (GST) in July 2017. Features of the Restructuring scheme The features of the ..
The Union Government has constituted a high level empowered committee to address the issues of stressed thermal power projects. The committee will be headed by Cabinet Secretary, Pradeep Kumar Sinha with representatives from the Ministry of Railways, Ministry of Finance, Ministry of Power, Ministry of Coal and the lenders having major exposure to the power ..
As per the Department of Industrial Policy and Promotion (DIPP), any kind of corporate debt restructuring or loan restructuring mechanism will not be considered as Foreign Direct Investment (FDI) in those banks which have foreign entities as majority shareholders. Earlier, any kind downstream investment by an Indian company that is owned by foreign entities into ..
Topics: Department of Industrial Policy and Promotion • Economic geography • Economy • Foreign direct investment • International business • International macroeconomics • Restructuring • World economy
The Centre agreed upon a Rs 35000 crore debt restructuring package to the textile sector. Step is taken to support the textile industry in this moment of crisis. The total outstanding debt of the textiles sector is Rs 1,55,809 crore of which debt of Rs 35,000 crore requires restructuring. Govt would issue directives to Banks ..
Month: Current Affairs - May, 2012