CEO Reading List

| Updated on November 10, 2019 Published on November 10, 2019

Missed all the action on the economy this week because you were buried under work? Here’s a curated list of BL’s most important stories on the economy over the week.


India made a last-minute decision to stay off signing the RCEP citing its impact on ‘vulnerable’ sections of the economy

Read more: India refuses to sign up for RCEP; says its core concerns remain unresolved

Not ready

In an exclusive BL interview, Surjit Bhalla, who steered the High Level Advisory Group on Trade and Policy, had frank views on why India is ill-prepared for pacts like RCEP due to its domestic challenges.

Also read: 90% of our bad export story is domestic challenges, 10 per cent is external environment: Economist Surjit Bhalla

No project finance

ICICI Bank has quietly shuttered its project finance division citing the lack of demand for its loans.

Also read: Amid lacklustre demand from infra sector, ICICI Bank shuts project financing division

Pay curbs

A new RBI circular has imposed limits on the pay structures of CEOs and Wholetime Directors by requiring that at least half the compensation be variable, the pay be linked to risk-taking and have deferral provisions that allow clawback of the money if the risks backfire.

Also read: RBI revises compensation guidelines for private bank CEOs, whole-time directors

Realty Bailout

The Centre has flagged off an AIF, to be managed by SBI Caps, to provide last-mile funding to complete stalled affordable home projects across India. The Centre will contribute Rs 10,000 crore, expects LIC/SBI etc to chip in with Rs 15,000 crore and expects to source the rest from sovereign wealth and pension funds.

Also read: Centre to open ₹25,000-crore window for stalled realty projects


Are Trump and Xi backing off from their hostile positions on trade? One can’t be sure but they’ve dropped some hints.

Also read: China, US agree to a tariff rollback if phase one trade deal is completed

Mood shift

Moody’s, which was the first global rating agency to upgrade India’s rating outlook, has now changed it from Stable to Negative, while retaining its ratings at Baa2. Moody’s changed its mind because of “lower effectiveness of the Government and policy in addressing long-lasting structural and institutional weaknesses” in India.

Also read: Moody’s cuts India outlook to ‘Negative’

Infosys Prize

Quite a few Infosys prize winners have gone on to bag the Nobel. Here are this year’s winners.

Read more: Infosys Prize winners: Full details

Finally, don’t miss our package on the Ayodhya verdict

Read: The Ayodhya Verdict

Compiled by Aarati Krishnan

Published on November 10, 2019
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