Finance Minister Nirmala Sitharaman to hold review meeting with bankers

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Nirmala Sitharaman with collar shirt


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Finance Minister Nirmala Sitharaman will hold a review meeting with bankers and heads of non-banking financial companies (NBFCs) on September 3. The meeting is taking place ahead of the roll out of one-time debt recast for resolution of COVID-19 related stress in bank loans.

“The review (meeting) will focus on enabling businesses and households to avail of the revival framework on the basis of viability, necessary steps like finalising bank policies and identifying borrowers, and discussing issues that require addressing for smooth and speedy implementation,” the Finance Ministry said in a statement.

The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday with the top management of scheduled commercial banks and NBFCs, it said.

The Reserve Bank of India (RBI) earlier this month permitted one-time restructuring of both corporate and retail loans.

Banks are in

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Brainard Says U.S. Economy Still Needs Fiscal, Monetary Help

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(Bloomberg) — Federal Reserve Governor Lael Brainard said the U.S. economy faces “considerable uncertainty” in the months ahead and called for continued support from both the central bank and fiscal policy makers to help the country recover from the coronavirus pandemic.



Fed Chair Powell Speaks At Fed Listens Event


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Fed Chair Powell Speaks At Fed Listens Event

“Fiscal support will remain essential to sustaining many families and businesses,” Brainard said Tuesday during a virtual event hosted by the Brookings Institution, adding the timing and size of that support was a “key factor” in the outlook. “It will be important for monetary policy to pivot from stabilization to accommodation.”

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Chair Jerome Powell last week announced a new framework for monetary policy that takes a more relaxed attitude toward inflation to tackle the problem of it being too low for many years. The shift means the Fed will allow the job market to run hotter, and

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Protect the critical roles the Postal Service plays

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We are writing as a diverse group of women healthcare leaders who represent medicine, nursing, hospitals, health systems, research, policy and finance. Healthcare is our industry, our professional identity and our life’s work. The health of American families is the cornerstone of our collective mission, vision and values.

We are deeply troubled by the changes already made, as well as postponed but threatened cutbacks at the U.S. Postal Service. We view preserving the Postal Service as vital to the fight against COVID-19 and the support of vulnerable populations like seniors, minorities and disabled people. We also look to the Postal Service to protect Americans’ right to vote, giving them a voice in setting the healthcare agenda.

None of us could function without a high-performing Postal Service. Each piece of the healthcare system—providers, insurers, government and suppliers—relies on consistent, predictable mail delivery.

Cutbacks to mail delivery could short-circuit healthcare’s ability to

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