'If the RBI had done the right things, these mistakes would not have happened in banks, public or private,' says Ajay Shah.
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
In the last couple of months, the IT and BPO space has seen a big uptick in M&A activities, with companies merging with other entities to become bigger players.
Mukesh Panchal (35) had gone missing on Nov 7 during a riot in the sensitive Shah Alam area.
The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.
'The hour is very late, and the choice between triumph and tragedy knocks at our door,' says Ajay Shah.
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
To the extent that body shopping is replaced by true offshoring, everyone is better off, says Ajay Shah.
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.
'Concerns about India's future are hampering private investment.' 'If the private sector sees strategy, teams and execution on these issues, this will inspire confidence in India.' 'This should be our main strategy for 2017,' says Ajay Shah.
There is ample fuel in the computer revolution to do many useful things.
What is required from government is intellectual framework.
Theatres are finding innovative new ways to increase footfalls, discovers Vanita Kohli-Khandekar.
NSE's own handle @nseindia was content tweeting out the press release in seven tweets.
Finance firms in these SEZs likely to get tax breaks.
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
Watal panel had suggested an independent payments regulator be set up.
The non-oil, non-finance sector of the economy is under severe stress.
The size of the hole in today's banking crisis appears to be roughly 10 per cent of GDP.
The 'China model' will command less respect in India, which could help improve policy formulation.
Firms that should borrow abroad do not do so enough, and those that should not borrow abroad do.
India's economy is not like Western ones, and thus needs restrained fiscal policy even during a recession, says Ajay Shah.
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