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Banking as we know it will stand on its head in the next 10 years.
Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres, says Debashis Basu.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
'There must be thousands if not lakhs of people the government is illegally spying on.' 'Why should we enable this criminal activity by volunteering our details?'
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
'The BJP's election campaign promise of development isn't dead, it just doesn't look anything like what was promised.' 'The results are plain to see, which is why so many of us wake up with a knot in our stomachs, wondering what fresh new hell the day's news cycle will bring,' says Mitali Saran.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
It is worth reconsidering if this fascination with either having a single party majority or Modi's leadership or, indeed, both, is such a great idea for India, says Udit Misra.
Nilekani said new-age technology markets work on a winner-takes-all basis.
Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.
The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.
Life in Telangana is likely to come to a standstill on Tuesday, thanks to the state government's Intensive Household Survey. Not just the state-owned public transport buses, even private vehicles, will remain off the roads.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
'Their vote bank has shifted to the BJP; the Congress is yet to realise it.'
A new formula for pricing natural gas in the domestic market was determined; the decontrol of diesel prices was announced; and the scheme that directly transferred subsidies to bank accounts of users of liquefied petroleum gas (LPG) cylinders was modified and relaunched.
'As demonetisation showed us, the Shah-Modi duo can take big risks.' 'Risking economic damage for political benefit, however, is one thing, stoking old fires in complicated Assam is another', warns Shekhar Gupta.
India does not have a stringent privacy or data protection Act.
In an online chat with readers January 24, Rajeev Mahajan of Antworks answered queries on personal loans and peer to peer lending.
'The CAA should be kept in abeyance, without making it a prestige issue.'
'Laying down a clear policy on the future of illegal migrants will dispel anxieties and help in implementing the CAA, NPR and also the NCR,' suggests former Union home secretary Dr Madhav Godbole.
Manish Sabharwal tackles 5 criticisms of demonetisation.
The railways is expecting a revenue of Rs 1,84,820 crore during the current financial year (FY17).
Things are expected to change dramatically in a few years for urban consumers.
PM also came up with new acronym of Vikas--V for 'vidyut', K for 'kanoon vyawastha' and S for 'sadak'.
If companies get into trouble, the loan becomes a non-performing asset and "we very much want these assets to be back on track," Raghuram Rajan said.
Enhanced revenue generation is a priority for the government.
If this Budget was not packaged and sold as a Budget for the poor and for farmers, Narendra Modi would have lost the next election.
'Those who have seen the functioning of the Modi government in Gujarat know that the issues related to Hindutva and issues of economy and growth function simultaneously.' 'Modi's politics are based on the understanding of the middle-class consumer society which is in pursuit of material aspirations.' Sheela Bhatt/Rediff.com reveals the Modi government's economic and political plans for the year ahead.
Chief Economic Advisor Arvind Subramanian says that he hopes GDP growth will be at the upper end of the 7-7.5 per cent range.
One may fault this government for incompetence, corruption, and delayed action but it cannot be faulted for lacking a vision.
Even if they score administratively, state governments ruled by the party suffer from an inability to communicate positively, say observers.
Arun Jaitley had a tough fiscal hill to climb.
Paloma Sharma -- the only non-middle aged, non-canine member of the home -- on a Sunday spent at the bank.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The Economic Survey was tabled in the Parliament on Friday.
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
Steps taken by the government over the past few months signal a determined effort to reform the subsidy regime.
Attired in his trademark half sleeves kurta and sporting a Rajasthani turban, Prime Minister Narendra Modi devoted a bulk of his 90-minute address on the occasion of the 70th Independence Day to presenting in effect a report card of his government's work particularly in boosting economic growth, ease of doing business and welfare schemes for the poor and farmers.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
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