In an article published smetimes.tradeindia.com,the Governor of the Reserve Bank of India (RBI) cautioned that the 2009-10 fiscal may prove to be more challenging as compared to 2008-09, which had seen the first two quarters unaffected by the economic recession. Also, while the green field projects continue, brown field projects requiring fresh investments remain suspended for 2009-10. There ...

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The Sensex closed above the psychological mark of 10,000 on 26 March after more than two and a half months. The gain was part of the worldwide rally. It is seen as a hopeful sign of risk aversion reversing, with the US currency’s depreciation leading to money moving out of sovereign securities to commodities and equities. ...

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The International Monetary Fund has said that emerging markets, including India, have been hit due to high commodity prices, financial constraints and weak external demand amid the global economic crisis. Addressing reporters on the occasion of the release of G-20 Surveillance Note in Washington, senior IMF officials,however, emphasized that the world body expects advanced countries to turn around and ...

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Corporate India is trying to hold in abeyance the AS 11, a mandatory accounting standard concerning the treatment of losses a company accrues from foreign exchange exposure. The arguments in support are the extremely unusual market conditions that need regulatory intervention. The ICAI supports the implementation on the grounds that account standards target proper disclosure and would lose standing if ...

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Delayed payments from the Central Public Sector Enterprises (CPSEs) are adding to the woes of small businesses, already reeling from the liquidity crisis and demand slowdown. Despite government directions on the subject, the crunch is resulting in defaults on bank loans and consequentially, non-performing assets. According to the article on indianexpress.com,the pending dues of all central and state ...

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