Somesh Jha &Amp; Abhijit Lele

Stories by Somesh Jha &Amp; Abhijit Lele

Banks seek stricter norms for reporting on wilful defaulters

Banks seek stricter norms for reporting on wilful defaulters

Rediff.com   28 Aug 2014

Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.

Ahead of festive season, banks cut big-ticket home loan rates

Ahead of festive season, banks cut big-ticket home loan rates

Rediff.com   27 Aug 2014

SBI, ICICI Bank and PNB reduce interest rate for loans above Rs 75,00,000

SC verdict on coal blocks worries bankers

SC verdict on coal blocks worries bankers

Rediff.com   26 Aug 2014

These numbers show overall exposure and are not a reflection that all loans are going to be impacted.

Reliance Retail tweaks funding strategy

Reliance Retail tweaks funding strategy

Rediff.com   24 Aug 2014

Reliance Retail would be exposed to implementation and execution risks in its expansion plans.

Labour reforms in haste a bad idea, says ILO India director

Labour reforms in haste a bad idea, says ILO India director

Rediff.com   8 Aug 2014

According to Staermose, the main issue is that the changes in labour laws should be done after holding extensive tripartite consultations.

In Gujarat cadre PM Modi trusts

In Gujarat cadre PM Modi trusts

Rediff.com   8 Aug 2014

At least a dozen officers from Gujarat are handling key assignments in various important central positions

Syndicate Bank brass in damage control

Syndicate Bank brass in damage control

Rediff.com   7 Aug 2014

The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.

Govt eases environment rules to push investments

Govt eases environment rules to push investments

Rediff.com   7 Aug 2014

Rules for mining, roads, power and irrigation projects relaxed.

Govt likely to table two labour laws in Parliament today

Govt likely to table two labour laws in Parliament today

Rediff.com   6 Aug 2014

These include Apprenticeship Act 1961 and Labour Laws (Exemption from Furnishing Returns and Maintaining Registers by Certain Establishments) Act 1988

Flipkart signs up for Modi's labour training plan

Flipkart signs up for Modi's labour training plan

Rediff.com   4 Aug 2014

E-retailer Flipkart has signed a memorandum of understanding with the labour ministry for short-term training of its new employees.

Labour reforms: Govt to ease rules on apprentices, women

Labour reforms: Govt to ease rules on apprentices, women

Rediff.com   27 Jul 2014

Cabinet may take up amendments to 3 laws on Wednesday; but no relaxed retrenchment norms yet.

TCS raising Rs 4,000 crore via commercial paper

TCS raising Rs 4,000 crore via commercial paper

Rediff.com   26 Jul 2014

Analysts say TCS's total dividend outgo in 2014-15 is likely to cross Rs 11,500 crore (Rs 115 billion), given its policy of paying quarterly dividends.

In 50 days, Modi govt gave green nod to 5 projects

In 50 days, Modi govt gave green nod to 5 projects

Rediff.com   18 Jul 2014

The Narendra Modi-led National Democratic Alliance government has given environment clearance to five projects since it took charge on May 26.

Only a quarter of young girls contribute to economy

Only a quarter of young girls contribute to economy

Rediff.com   4 Jul 2014

Data show 75 per cent of the girls in 2011 were those who did not contribute to any economic activity (termed as non-workers by Census) -- these could include students, those involved in household chores, beggars, or those not helping in even unpaid work in the family, etc.

Minister wants to strike a balance between workers and industry

Minister wants to strike a balance between workers and industry

Rediff.com   3 Jul 2014

It's a middle path for labour reforms.

Labour Min okays new inspection schemes for factories

Labour Min okays new inspection schemes for factories

Rediff.com   27 Jun 2014

Every organisation will also prioritise the areas requiring mandatory inspection, and the cases forwarded by the CAIU will be on data and evidence basis.

Banks put Rs 21k-cr NPAs on block in 3 months

Banks put Rs 21k-cr NPAs on block in 3 months

Rediff.com   23 Jun 2014

Rush to offload bad loans indicates a revival in asset-sale market

NPAs render govt banks unfit for pvt Provident Fund deposits

NPAs render govt banks unfit for pvt Provident Fund deposits

Rediff.com   6 May 2014

Norms governing investments by provident funds bar these from depositing funds in a commercial bank in case the NPAs of that bank exceed two per cent of net advances.

SBI to lend $500 mn, redeem securities worth $800 mn

SBI to lend $500 mn, redeem securities worth $800 mn

Rediff.com   23 Apr 2014

SBI's overall gross NPA as on end-December 2013 was close to Rs 68,000 crore ( Rs 680 billion) or 5.73 per cent of its gross advances.

The Kejriwals of Varanasi have spoken

The Kejriwals of Varanasi have spoken

Rediff.com   31 Mar 2014

As many as seven retail shops on Lanka Road in Varanasi are owned and run by the extended family of the Kejriwals in the holy town.