Saturday, October 31News That Matters

Tag: Kamath

Kamath file implementation | What steps were taken on Kamath file: SC asks Govt

Kamath file implementation | What steps were taken on Kamath file: SC asks Govt

Business
The Supreme Court on Monday requested the Centre and the Reserve Bank of India about the steps taken to implement the KV Kamath Committee file on solutions to bail out sectors plagued by the Covid-19 stress.A Bench, led by Justice Ashok Bhushan, properly-known that an further affidavit filed by the government final week didn't contend with "several factors" raised within the writ petitions highlighting the hassle of debtors, tiny and tall, who are being charged compound passion for the six-month mortgage moratorium that ended on August 31.The affidavit had informed the court docket about the government's resolution to "hand-preserve" tiny and weak debtors and waive the passion on passion accrued against their loans all the blueprint in which by the moratorium duration. However the waiver...
RBI constituted KV Kamath committee names 26 sectors for restructuring

RBI constituted KV Kamath committee names 26 sectors for restructuring

Business
SynopsisThe KV Kamath committee has chosen 26 sectors which will require restructuring primarily based on its analyses of financial parameters hit due to the the commercial atomize caused by the COVID-19 pandemic.CompaniesThe KV Kamath committee has chosen 26 sectors which will require restructuring primarily based on its analyses of financial parameters hit due to the the commercial atomize caused by the COVID-19 pandemic. In its document the five member committee said vitality, building, iron and steel, roads, right property, wholesale trading, textiles, user durables, aviation, logistics, hotels, ingesting locations and tourism, mining are among the sectors that can need restructuring. The committee chosen five financial parameters linked to leverage, liquidity, debt serviceability etc....