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Former prime minister Manmohan Singh suggested five remedial measures to reverse the current slowdown(Vipin Kumar/HT PHOTO)

Manmohan Singh’s 5-point remedy for ’extremely serious economic slowdown’

By Rajeev Jayaswal | New Delhi, Hindustan Times
UPDATED ON JUN 28, 2020 05:22 PM IST
Congress’s Manmohan Singh said that the very first step before implementing the five reform measures is to accept that the country is facing an economic crisis
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The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets. It prompted the government to seize control of the non-banking lender.(HT Photo)
The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets. It prompted the government to seize control of the non-banking lender.(HT Photo)

Govt, RBI monitoring NBFC crisis : FM Nirmala Sitharaman

By HT Correspondent | New Delhi
UPDATED ON JUL 06, 2019 11:56 PM IST
The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets.
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Earlier, the CSO in its advance estimate had pegged the GDP growth rate for 2018-19 at 7.2 per cent.(Reuters/ Representative Image)
Earlier, the CSO in its advance estimate had pegged the GDP growth rate for 2018-19 at 7.2 per cent.(Reuters/ Representative Image)

Govt revises GDP growth rate for 2017-18 to 7.2% from 6.7%

By Roshan Kishore | Hindustan Times, New Delhi
UPDATED ON JAN 31, 2019 10:36 PM IST
Real GDP or GDP at constant (2011-12) prices for 2017-18 and 2016-17 stand at Rs 131.80 lakh crore and Rs 122.98 lakh crore, respectively, showing growth of 7.2 per cent during 2017-18 and 8.2 per cent during 2016-17, the CSO said.
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A Reserve Bank of India (RBI) note based on unaudited financial statements of Scheduled Commercial Banks (SCBs) up to September 30, 2018, suggests that the worst of the non-performing assets (NPA) crisis facing India’s banks might be over and that credit growth may also be back.(REUTERS)
A Reserve Bank of India (RBI) note based on unaudited financial statements of Scheduled Commercial Banks (SCBs) up to September 30, 2018, suggests that the worst of the non-performing assets (NPA) crisis facing India’s banks might be over and that credit growth may also be back.(REUTERS)

RBI note shows worst of NPA and credit growth problem may be over

UPDATED ON DEC 06, 2018 08:07 AM IST
The share of gross NPAs in total advances of banks, both in the public and private sector, peaked in March 2018, and has since declined — in both the June and September quarter of the current fiscal year. The NPA crisis is more widespread in the public sector banks.
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