The RBI is cracking down and increasing risk-weights on banks’ unsecured personal loans and consumer durable loans from 100% to 125%, and risk-weights on credit cards have been increased from 125% to 150%
The tighter rules, in the form of higher capital requirements, will make personal loans and credit costlier and possibly or hopefully curb growth in these categories, which have outpaced the overall bank credit growth of about 15% over the past year
Business Standard reported that with the present momentum in direct tax and GST collections expected to be sustained in the coming months, India's total tax receipts in FY24 could exceed the Budget Estimate by a "considerable margin"
In almost all cases, including rice, wheat, sugar and even tomatoes, prices appear to respond only barely to Government actions, for instance banning of exports, in the case of non-basmati rice, to most countries
A quest for a green label and a rush to meet ESG standards and appear friendly to green institutional investors in the new world is making more and more companies invest in their own renewable capacity