Hey, tumblr, here's a bunch of WIPs from that Mermaid illustration I'm working on.

‘Loan rejig, other steps to save PSBs from shock’

Loan restructuring and other measures announced by the government to help the industry hit by the pandemic may save public sector banks from ‘shock’ in the next year, a top Finance Ministry official said. Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Secretary Debasish Panda told PTI. “There is a steady…

Stimulus of barely 2% of GDP offset by spending rejig

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The government still has some room for unveiling more stimuli, even without altering the estimated budget size for the year or the enhanced gross borrowing limit of Rs 12 lakh crore.

The stimulus 3.0 unveiled on Thursday notionally involves a maximum budgetary cost of Rs 1.5 lakh crore or thereabouts in FY21, but the actual outgo is seen to be much less. Together with the Rs 2.4-2.5 lakh…

Covid forces India to rejig FCA weightages

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MUMBAI : The uncertainties surrounding the covid-19 pandemic has forced the Reserve Bank of India (RBI) to reshuffle the weightages of its foreign currency assets (FCA).

RBI’s deposits with other central banks and the Bank for International Settlements (BIS) accounted for 33.37% of FCA at March-end, up from 28.83% at the end of September last year. This rebalancing is at…