Ad Here  
February
March
April
May
June
July
 
 
Not just in-laws (and outlaws); they’ve renowned academics at the helm! The why of tax incentives Tough task taking states together Sri Lanka votes for change Tatas moving out of urea production... Pharma – overdose of copying More Shakti to resource mobilisation... Fall in crude prices help in oil sector reform When the President was rendered homeless… An inexplicable neglect The brown list of Venkitaramanan Why land prices zoom in TN? Lesson from Chandrababu Naidu The nuclear option Parliament in paralysis... Gas is the way forward Telangana in top gear… Kulandai was a giant Editor's Says Tribute – UCAL Selvan… Multi-faceted Venkat Silver Years of Madras Musings Naidu’s return augurs well for Seemandhra A yen for wastage… The Gulf aviation boom Wanted: a second airport for Chennai Building loyalty through the stomach Noble nonagenarians... CIPET hqrs to stay at Guindy – for the present? Russi Mody – a tribute When nations steal growth from one another… Gay abandon in pricing Tribute – M V Murugappan EVM is tamper-proof He saved millions from starvation... Infrastructure funding – lessons learnt GNS - 100: our first subscriber Colour-Chem’s colourful KRVS Kinetic Karnataka Mersal magnified London, London Narayan Godspeed, Chief Minister JJ The power-full Hindujas The ‘Ayyo-yes’ is no more Valli, they are more marginalised Nuclear power at the nucleus PC’s preference for professionals Boy, can you beat these? Tatas moving out of urea production... Naidu will soon build a new Hyderabad For whom the MIDS bell tolls? Lalu’s envy, India’s pride Build close rapport with business leaders L&T- the specialty of special purpose vehicles Wise Presidents Auto components surge… Don’t seem to feel the pulse… Editor's Notes Cement prices continue to rise… Where is Rajaji? The Swadeshi Trump The Jan Dhan bonanza No engine for this car Mu Sigma – is no more Shaming of Tamils by Tamil farmers at Delhi Discoms deserve better… Excel Generators provide the vital back-up Revive development banks... Maximising the micro pricing … Permanent secretariat for TN GIM New IT products of Ramco in the pipeline… Marketing expert Balagopal is no more Put expensive assets created to use... Padma Bhushan for A Ramakrishna Quality silica from Neyveli This scant respect for Law Welcome changes that testify to Jayalalithaa’s return to health A rich pool of talent not utilised…. Small units prefers to remain small... Tax agriculture No mega rail project for Tamil Nadu Welcome focus on core competence Another Indian music maestro at the UN Intellectual of rare qualities Return to king coal for urea... Moily’s bold thrust Streamlining mandatory third party cover Modi storms Silicon Valley Secularism and anti-Hinduism More Shakthi to Das’ elbow Solar thermal shines… Delhi is distant… The Ports’ Pasha expands into Tamil Nadu Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Banning booze... Five star activism stalls development activity Focus on quality of power - its only around 170-180V TELANGANA at last…BUT When online building permits work…. Online not in line with brick and mortar businesses... Engineering seats go abegging An informal presentation - analytical, forward locking... Dr C Rangarajan returns to Chennai Should we change the official year? Modi and the lady Sweeter prospects for sugar Come elections, come advertisements... Welcome thrust on trade in Modi’s foreign visits... The sea- saw battle continues... Haul over the coal West Bengal: mindless malignancy Like Hinduism: many paths to reach God... When small is no larger beautiful.. Things happen by accident and not by design... Tihar, Puzhal not different from Parappana Agrahara Paytm karo... For whom the bell tolls? Odisha: spectacular win by Naveen Patnaik F C Kohli - his concerns all embracing A think tank for Chennai When TN politicians can emulate Kerala's Alexa – Talking Wikipedia TN accounts for the largest recruits by the IT sector An enemy’s enemy is a friend Muffled voices for merit… Medical costs hit the roof... to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Cleaning Ganga – relocate tanneries and install electric crematoria Liberal imports idling indigenous capacities Tribute – Manikam Ramaswami Quality education through the PPP mode Rs.1600 crore paper board plant of TNPL S V Raju – a ‘good’ true liberal IPL - no surprise this scam Music happens A proud Madrasi Delhi returns to BJP IPL type auction for VCs? Increasing non co-operation of state leaders Polls and promises Limit foreign borrowings to hi-tech, export potential projects... WTO Meet: resolved to meet again All eyes on Sankara Nethralaya Remembering Indira Sivasailam... Tribute A professional at the helm of IRDA... Recognition to role of NBFCs.... ONGC at KG Basin TN-leverage strength of BHEL, NLC... A Grand Finale for SN’s MS centenary at the US… Towards speedy justice Bihar elections - the Rajaji formula worked Which side are you, Montek? Poor representation for Kerala and TN in Cabinet Reliance’s TV – 18 ready to launch Tamil News Channel Air Asia India will set new benchmarks for budget travel Waning interest in public discussions… A more liberated TN… SoA @ 80 B H Kothari - a tribute Align crops to agro climate endowments… Sweet news for TN sugar mills A Grand Finale for SN’s MS centenary at the US… Make standards certification mandatory... Strengthen the base... Poor quality of university VCs EEC at the National Media Centre Welcome GST When Ratan Tata visited SRM Adharma of opposition politics Bihar – Nitish Kumar adopts the Lalu model Fortune for Indian Airlines Solar, solar everywhere … Road development slows down The rise and fall of Annamalai University CII projects higher growth… TIAM turns a full cycle The few handicaps... PPP mode for upgrading Corporation Hospitals A glass full of corruption Breaththrough in malaria control Measuring roof tops in terms of KW/MW S Ramanathan – a versatile musician, musicologist Fuel for thought Cutting the nose to spite the face Readers' Mail Kudos to NDTV... The balancing act Scientists urged to take up farmer-oriented research Demise of a media baron... Protest masters... Plummeting profits of PSBs Shipping woes of Chennai companies Delhi is distant MHC should not return to its old indisciplined ways Adapt Vajpayee dinner diplomacy L&T: focus on infrastructure and more infrastructure… TGS- The king storyteller Rahman at CIC …and of a popular trade leader Delhi Chalo... CRS, a jewel among managers, is no more. Why this malaise in medical education? Preserving for the future No Maha Koottani in TN... There was flood of milk. Reason: no milk commissioner! More heat than light Land reclamation from sea appears cheaper! Computation of GDP – conundrums continue Vibrant Gujarat How Air-India loses customs... Robber barons everywhere Of course, Gujarat is vibrant China invests in India CSR and CMI: promise of another Srinivasan Ramanujan... The rise and rise of KCP IAS invades NDDB... The ‘Jayanthi Tax.’ Whistle-Stop Tour of Raghuram Rajan More tributes to GR GM Technology at last! Convulsions in The Hindu Funding the un-funded R Sridhar steps down as CEO of Shriram Capital Shanti and Sadhana through Music Where a state respects its litterateurs… A friendly business group TN – agglomerate land holdings without alienating ownership Roaring Ro-Ro facility Contrarian cousins Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Inflation: are we emulating Argentina and Brazil? A welcome initiative by the judiciary He continues the focus on social amelioration A C Muthiah – his munificent bequeaths to science Insurance companies bleeding, yet no decision on increasing FDI limit! Revving up the manufacturing sector Diamond jubilee of Egmore Samskrt School Making ‘my Amaravati’... Eternal support for capitalisation of PS banks Fortune 500 review The star of Spencers is no more Airlines in India: cost and space Shale gas and its shallow future
 
Recognition to role of NBFCs....

NBFCs have not been receiving credit for the service rendered in financing lakhs of small and micro enterprises. Sustained efforts were made by Shriram Group’s R Thyagarajan supported by Akhila Srinivasan and her team in mobilising dozens of trade bodies all over the country. These include small transport operators, traders’ associations, motor parts dealers and a lot of other small business groups to demand attention to funding their requirements. These have been receiving little attention from the organised banking sector and have been largely kept out of the benefits extended through the priority lending route.         There is, therefore, understandable satisfaction over the change brought about through MUDRA Bank. Significantly, this measure would also take NBFCs out of the regulation and control of Reserve Bank of India.

This makes sense. RBI has not been able to regulate its primary function of controlling inflation effectively, formulate and implement its monetary policy and even regulate the large and growing banking system.

NBFCs are a different sector, much smaller in size related to the banks and needing different set of regulatory norms. Over the last 15 years these have been battered by ever-changing norms and increased restrictions in raising resources. At this rate, Thyagarajan predicts the total extinction of the sector over the next five years.

Thus, the release of NBFCs from the control of RBI and creation of MUDRA Bank as a specialised statutory institution is of special value to the NBFC sector that has been making a rich contribution to nurturing lakhs of new entrepreneurs in small businesses.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com