Discover and read the best of Twitter Threads about #nbfcs

Most recents (6)

#Thread
CEEW unpacks #FM Nirmala Sitaraman's announcements on the booster measures to cope with & recover from #Covid19 induced shocks & to build a #SelfReliantIndia. We focus on Power sector, MSMEs, & NBFCs.
indianexpress.com/article/busine…
#AatmanirbharBharat 1/n
"Over 1/2 of the INR 5.8L CR stimulus announced today focused on our #MSME sector. 40% of India’s 450 mn informal workers are employed with MSMEs. The recovery of this sector is central to our economic resurgence & the workers' well-being," @GhoshArunabha #AatmanirbharBharat 2/n
"The #MSME sector is also the backbone of India’s #energy transition, and a key source of industrial emissions," @GhoshArunabha.
#AatmanirbharBharat #EconomicPackage #SelfReliantIndia
@someshjha7 @Firstday75 3/n
Read 10 tweets
#AatmaNirbharBharatAbhiyan
Based on 👇

Land,Labour,Liquidity&Laws that are not isolationist but inclusive

Ease of Doing Business

DBT,JanDhan,Aadhar, Micro Insurance,Ujjwala Yojana, Ayushman Bharat, PM Awaas Yojana,PM FasalBima Yojana,Krishi Sinchai,Swachh Bharat--Key Landmarks
GST,IBC&PSU Bank Recapitalisation in last 6 yrs,have been big reforms

52606Cr given via #DBT to 41Cr #JanDhan holders

Free wheat&rice to 69Cr ration card holders

18000Cr tax refunds given

Free cylinders to 8Cr #Ujjwala holders

#20lakhcrores #COVIDー19
#atmanirbharbharat
Project DevelopmentCells,working for Promotion of Champion Sectors,in States

#MakeInIndia&Upgradation of Industrial Infra,a success&more will be done to #Decongest economy

3376 SEZs&IndustrialParks with 5 lakhhectares,to be ranked& mapped,in terms of readiness for competition
Read 20 tweets
Highlights of @RBI Governor @DasShaktikanta's first interview since the beginning of nationwide lockdown announced over a month ago. 👇(Source: @cogencis)

#COVID19
#FiscalPackage
#EconomicImpact
#IndiaFightsCorona
In an interview given to news agency @cogencis, @DasShaktikanta said even though there is an animated discussion on the subject of the central bank monetising the govt's budget deficit amidst the ongoing fight against #COVID19 pandemic, he has not taken a view on the issue. 👇
Highlights of @RBI Governor Das' comments on #RBIAutonomy #Banks #NBFCs #FintechSpace in an interview to news agency @cogencis
Read 3 tweets
The #EconomicSurvey2020 was released on Jan 31, 2020. The theme - "Wealth Creation". This thread provides a brief summary of each chapter in Volume I.

#Budget2020
#BudgetWithCDL

@FinMinIndia @nsitharaman @nsitharamanoffc @SubramanianKri
@FinMinIndia @nsitharaman @nsitharamanoffc @SubramanianKri #EconomicSurvey2020 bats for allowing the "invisible hand" to do its job. Market should only be supported and not attempted to be controlled by the government. #Budget2020 #BudgetWithCDL
@FinMinIndia
@nsitharaman
@nsitharamanoffc
@SubramanianKri
#Entrepreneurship is key to wealth creation and India's journey towards a #5TrillionEconomy. #EconomicSurvey2020 argues for continued and expanded support for entrepreneurs. #Budget2020 #BudgetWithCDL
@FinMinIndia
@nsitharaman
@nsitharamanoffc
@SubramanianKri
Read 11 tweets
1/: @bharatpeindia is bringing millions of small merchants on to the #digital payments ecosystem for the first time. Their goal: to become the largest enabler of free offline #payments and provide a one-stop platform for all #financial commerce solutions.
2/: Through a unique 30 second on-boarding process, @bharatpeindia has already reached a 1.7 Mn user base. 4 Mn+ #merchants will be using the platform by FY 2020.
3/: There are 50 Mn merchants in India, a vast majority of whom are underserved by #banks and #NBFCs. The credit gap in the market is ~$400b. This is the opportunity the company is going after.
Read 6 tweets
There have been a flurry of public issue of NCDs lately. These issues are primarily from NBFCs who are finding it tough to raise funds though banks and MFs. Here, I explain why the public issue NCDs are not in the interest of retail investors. Thread (1/9)
A) There is a common misconception that public issue NCDs are akin to Fixed Deposits (FDs). FDs of PSU banks are covered under the umbrella limit of 1 lakh deposit insurance. NCDs are not. A case in point is the expected loss to retail investors in DHFL public issue NCDs. 2/9
B) The rate offered by these NBFCs in public issue is much lower than what they offer in privately placed deals. Further, a substantial fee is cornered by brokers for selling these NCDs to retail investors. 3/9
Read 13 tweets

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