Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
A defiant Board of Control for Cricket in India president N Srinivasan insists he will attend the Working Committee meeting in Delhi on August 2 despite the Bombay high court ruling that the constitution of the spot-fixing probe panel, which gave his franchise Chennai Super Kings a clean chit, was "illegal and unconstitutional".
Sukerkar was among the leaders who had resigned from their posts after the RSS axed Velignkar as state unit chief, after his BBSM.
India has made a good beginning in the area of satellite navigation but still there is a long way to go.
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
'Nobody will wait now. Everyone will come to deposit their old notes. The confidence is shaken.'
State Bank of India (SBI) chairman Rajnish Kumar, in conversation with Abhijit Lele, also says that the overhang of corporate debt stress will begin to recede in the next two-three quarters.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
It is important for India to develop multiple launch sites and become capable of undertaking more launches in a year's time, says Ajey Lele.
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
The biological weapons convention is a non-starter in spite of the efforts of many states in the world for the last five decades mainly because the US is not ready to accept the 'verification protocol' which could allow the formation of some official mechanism for inspections, says Ajay Lele.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
Defending champion Naomi Osaka of Japan was upset 7-5, 6-4 by Belinda Bencic in the fourth round at the US Open on Monday as the Swiss reached the quarter-finals for the second time.
P S Jayakumar, managing director and chief executive officer, Bank of Baroda, speaks to Abhijit Lele & Hamsini Karthik about loan recoveries, sounding more confident than a year before.
Vietnam is a key player in India's act east policy under Prime Minister Narendra Modi. From India's perspective, a strategic partnership with Vietnam will only deepen political, economic, and security ties and be a bulwark against China, say Melissa S Hersh and Dr Ajey Lele
Is the SBI chairman leaving the bank in a stronger and better position than what it was? Abhijit Lele finds out.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.
Today, the biggest challenge for any state is to evolve indigenous hardware options. It is important for the states like Germany, India etc to increase their stakes in the global IT setup and this could allow them to control the US domination, says Ajey Lele.
It is impossible the control or reduce the fury of nature but, at a lower scale, it is worth experimenting to modify it, says Ajay Lele.
Axis Bank Managing Director & Chief Executive Officer Shikha Sharma on the new mechanism for non-performing loans, the bank's loan portfolio, industry outlook and the bank's future plans.
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
Surely even cleavage-obsessed filmmakers ought to, at first, be filmmakers, yes, asks Raja Sen.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
The 'context' of the launch of GSAT-15 highlights that India has much ground to cover in the transponder arena while in satellite navigation arena ISRO's progress has been satisfactory, says Ajey Lele.
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
Former cricketer Kirti Azad on Monday again suggested that Indian cricket captain Mahendra Singh Dhoni could be guilty of conflict of interest, as was the case with Board of Control for Cricket in India (BCCI) president N Srinivasan.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
'If the BCCI's coffers are inundated with funds today, much of the credit must go to Jagmohan Dalmiya.'
Godrej and some other firms are frustrated at what they say is the slow execution of projects and lack of government support, which are hampering India's efforts to compete with China and Russia as a cheaper option for launching satellites.
'I want to leave behind the bank stronger and better than when I took over.'
The growth story of India depends on its achievements in the S&T sector. There is a need to revolutionise the landscape of Indian science and technology and this is only possible if the scientific community is allowed to work 'professionally and scientifically' without burdening them with the baggage of the past, says Ajey Lele.
The population in Gaza has, for almost a decade, been facing Israel-created 'blockage' from the rest of the world. The isolation has given rise to tunnel phenomenon, an underground route for the procurement of essentials, says Ajey Lele
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