Despite Difficult Global Environment, India is Likely to be the Fastest Growing Major Economy in the World in 2016, says Economic Survey 2015-16

Despite Difficult Global Environment, India is Likely to be the Fastest Growing Major Economy in the World in 2016, says Economic Survey 2015-16 https://www.taxtmi.com/news?id=15727 A central domestic challenge is the Twin Balance Sheet problem-impaired public-sector bank balance sheets and stressed corporate finances-which hampers private investment. The Survey prescribes a four-part response: recognition (accurate asset valuation), recapitalization (equity infusions into banks), resolution (sale or write-down of corporate nonperforming assets) and reform (correcting incentives). It notes ongoing measures such as phased bank recapitalization and regulatory rehabilitation schemes and stresses coordinated action between the government and the central bank. en-us Fri, 26 Feb 2016 12:29:53 +0530 Fri, 26 Feb 2016 12:29:53 +0530 TaxTMI RSS Generator Despite Difficult Global Environment, India is Likely to be the Fastest Growing Major Economy in the World in 2016, says Economic Survey 2015-16 https://www.taxtmi.com/news?id=15727 A central domestic challenge is the Twin Balance Sheet problem-impaired public-sector bank balance sheets and stressed corporate finances-which hampers private investment. The Survey prescribes a four-part response: recognition (accurate asset valuation), recapitalization (equity infusions into banks), resolution (sale or write-down of corporate nonperforming assets) and reform (correcting incentives). It notes ongoing measures such as phased bank recapitalization and regulatory rehabilitation schemes and stresses coordinated action between the government and the central bank. News - Fri, 26 Feb 2016 12:29:53 +0530 https://www.taxtmi.com/news?id=15727