RIBs mops up $ 2.25 bn so far
The State Bank of India's multi-currency Resurgent India Bonds (RIB) have mopped up close to $ 2.25 billion within the first ten days of the float. The bank expects to mop up $ 2.5-$ 3 billion over the next seven days before the issues closes on August 24.

Limit fiscal deficit to 4 pc
The economy can be catapulted to a 7% trajectory if the fiscal deficit is limited to 4%. This can be achieved by widening the tax base, reducing the growth of revenue expenditure and providing innovative infrastructure funding. Along with these measures, the industry must adjust to moderate import tariff and agriculture output must grow at 4.5% per annum.

S&P contests NPA figures
International rating agency Standard & Poor (S&P) has estimated the real non-performing assets (NPAs) of the Indian banking sector anywhere between 35% to 70% of its total outstanding credit. Much of this -- upto 35% of the total banking assets -- would be accounted as NPA if rescheduling and restructuring of loans to make them good assets in the book are not taken into account.

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