techkenyot.com
techkenyot.com January 20, 2019


Generalised farm loan waiver impacts credit culture, says RBI Governor

08 January 2019, 09:46 | Hattie Nash

The government and RBI have now appointed a panel to look into the issue around the sharing of the RBI’s reserves

The government and RBI have now appointed a panel to look into the issue around the sharing of the RBI’s reserves

"As and when any decision (on interim dividend) is taken the Reserve Bank will not delay in announcing the decision", he said.

The Reserve Bank of India (RBI), having changed management last month following a clash with the government, is likely to transfer an interim dividend of Rs 30,000-40,000 crore ($4.32 billion-$5.8 billion) to the government by March, according to three sources with direct knowledge of the matter.

The government has requested the RBI to give interim dividend as was done in the past.

States need to examine whether they have fiscal space to meet the requirement of farm loan waivers announced by many states and release the money to banks immediately, said the RBI governor.

Bulls remain a dumping ground for bad players, acquiring Michael Carter-Williams
Carter-Williams, 27, was averaging just 9.1 minutes and 4.3 points per game this season, his first in Houston. Carter-Williams was a little-used reserve for the Rockets.

"We do realise that governance reforms are an important component of the revival of public sector banks", said Das who replaced Urjit Patel as RBI Governor last month after Patel resigned following a tiff with the government on liquidity issue.

"We will take steps to deal with liquidity deficit, if it is noticed".

He further added that caution and care have to be exercised by the RBI so that excess liquidity, which sometime has certain adverse consequences, is not created.

In fact the RBI had refused to relent on the issue before the prime minister launched a MSME support programme in early November, which, among other things, aimed to enhance credit access to micro, small and medium businesses. Any infusion of liquidity will have to be very carefully considered and has to be need-based. "However, we don't want to create a framework which imposes restrictions that throttle the functioning of banks", he said.

CDC: Flu numbers on the rise as 13 children die
There are several flu symptoms to look out and may include muscle aches, fatigue, headache, dry cough and a sore throat. With the number of flu cases on the rise, so are the number of deaths from the flu in children, now at 13.

Asking for rationalisation, Das added: "However I must also add that the RBI would not like a situation wherein the liquidity becomes kind of "loose money".

He said banks have been asked to look at the viability of individual proposals for loan restructuring of MSMEs.

The asset quality of commercial banks has improved, but the improvements will have to be sustained if the banks, especially the public sector ones, are to fulfil their responsibilities and become healthy, Das said.

The governor added that the RBI hopes MSME units and banks will be working together to ensure that the scheme is implemented in letter and spirit, so that the benefits are maximised.

Another early playoff exit, so what next for the Texans?
The Patriots, who went a ideal 8-0 at home this season, last faced the Ravens in 2016, winning 30-23 in Foxboro. The Patriots and Ravens have played one another four times, all during the Brady-Belichick era.

He said that the viability of each MSME unit will be gauged to ascertain whether the restructuring scheme would be available or not. The statement signals Das' bid to emerge as an independent central bank governor and shrug off charges of being close to the government. "The RBI will listen to everybody and interact with everybody including the government, but the final decision will be taken by the RBI in an objective manner to the best of its abilities", Mr. Das said.



Other News

Trending Now

Bluebottles inundate Queensland beaches stinging thousands of swimmers
According to the report, some 2630 people were stung across the weekend, with nearly 1000 hurt in a matter of hours on Sunday. But a SLSQ spokesman described the latest influx as an "epidemic", while some local media outlets labelled it an "invasion".

American woman serving life sentence for murder granted clemency after celebrities' campaign
Cyntoia Brown will reportedly be required to perform 50 hours of community service and also participate in counseling sessions. Celebrity support from entertainers like Rihanna and Kim Kardashian helped ignite a viral campaign to get Brown out of prison.

White Sox make big play for top free agent Manny Machado
When Gregorius returns, Tulowitzki might have a reduced role. "A lot can happen in that time, " Tulowitzki said. Colorado dealt him in July 2015 to Toronto in a deal that brought shortstop Jose Reyes to the Rockies.

Clemson redshirts and coaches at Media Day
I've had my doubts all season that Alabama was the clear-cut No. 1 team over Clemson, and this is the Tigers' chance to prove it. ESPN will have live broadcasts of the game on four of its channels, including its ESPN Megacast on ESPN.

Daenerys meets Sansa in new footage from Game of Thrones!
While Daenerys gives her an approving look, Jon doesn't look too sure about what will follow. Also, joining them for the scene are Brienne of Tarth and Ser Jorah Mormont.

Millionaire finds out three sons aren’t his after shock diagnosis
A woman was forced to pay £250,000 for tricking her "infertile" husband into believing three sons were his for 21 years. He also paid her a monthly amount of about $5,300 to contribute to the upbringing of the children.

The Packers Have Reportedly Made A Head Coaching Decision
He takes over for Mike McCarthy , who was sacked during the season following a stunning home loss to Arizona on December 2. The early expectation is that Pettine stays in Green Bay, though Lafleur will make a firm call when it's official.

Rattled Australia pick through rubble of 'lost summer' against India
Shastri praised his skipper Virat Kohli's unrivalled passion after his nation's first Test cricket series victory in Australia . Kohli hopes the success in Australia will inspire the next generation to become world-class Test cricketers.

Woman in Vegetative State Gives Birth in Long-Term Care Facility
In 2013, an investigation found that a staff member made "inappropriate, sexual statements" about four clients. The worker had also been observed watching clients touch themselves.

Razer Raptor Is The Company's First Gaming Monitor
It's a 27-inch 16:9 display with bezels that are only 2.3mm thick and surround an IPS panel with a resolution of 2560-by-1440. The panel averages 420 nits of brightness, covers 95 percent of the DCI-P3 spectrum and has a 1000:1 contrast ratio.