'Success will require political skill, not just economic expertise'
The key reason for the country's stagnating exports is its failure to build a strong manufacturing base, says T N Ninan.
Leading stock exchange BSE has initiated a process of putting in place a new risk-based model for supervision of market entities including brokers, taking forward a new model proposed by regulator Sebi in this regard.
The first stage of the inclusion strategy was focussed on opening bank accounts, logically seen as creating the last-mile channels for financial access.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
'There are two pre-conditions for big reforms. One, a sense of crisis and second, fairly concentrated levers of power.' 'India is growing at 7.5 per cent or something close to that.' 'Our levers of power are decentralised, not just between the Centre and states. Power is dispersed and there is no sense of crisis.'
Rajan's remarks come as the Modi-led government completes one year.
Start now, and sail through your tenure like a pro!
'While the poor have little say in shaping India's intellectual or public discourse, they do have a significant role in deciding political outcomes,' points out Roshan Kishore.
The government must undo the damage inflicted by the flawed policies of globalisation, and India should be converted into a country where entrepreneurs can thrive and the entire population can participate in the economy, says Arvind Kumar.
Experts say having an open fire in the kitchen is like burning 400 cigarettes an hour.
These banks are finding it hard to pick up seasoned bankers at the pay they are offering
A more effective promotion of domestic manufacturing and mining could significantly reduce the trade deficit in key sectors, says T N Ninan.
While it is a convenient mode of payment, it is not an efficient way of borrowing. Repay your dues fully every month if you decide to use it
Losing a phone has become even more costly after the government's push for a cashless society
Rama Krishna Sangu, partner, Manohar Chowdhry & Associates, Chartered Accountants, and a member of the Indirect Tax Committee of ICAI, fielded readers' questions on GST on Rediff Chat.
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Barely 10% of small businesses are in a GST-ready position, say experts
Mirach Capital rejected accusations of indulging in forgery.
Inclusive of the July hike of 25 paise, a monthly increase of similar amount would result in a saving of Rs 2.25 a litre for the current financial year alone.
India's near-term growth has improved: IMF
To begin, the Budget has no doubt attempted to address uncertainty.
'I am more worried about the BJP as I see lot of marginalisation of top leaders in the BJP.' 'I am really worried about the terminal decline of the Congress. And the greatest tragedy is that there are so many good people in the Congress.' 'It will take a couple of years, but this is the most appropriate time for a new political party and leadership to emerge.'
The Economic Survey states that the rationalisation and reprioritisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure more towards inclusive development.
The budgeted indirect tax collection target is Rs 9.26 trillion, and the Centre has collected around Rs 5 trillion in the first 8 months. So it needs another Rs 4.2 trn in the last four months
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
Appearing on Rediff Chat, G Srikanth, partner in GSV Associates, Chartered Accountants, Chennai, and member of the Institute of Cost and Management Accountants, answered readers' queries on the Goods and Services Act.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
The industry employs about 10 million workforce.
The merger will result in substantial cost and capex synergies with an estimated net present value of around USD 10 billion after integration costs and spectrum liberalisation payments, with estimated savings of USD 2.1 billion annually from the fourth year of the merger.
The government does not seem inclined, at least in the petroleum sector, to effect sudden and steep upward price revisions to tame its huge subsidy burden and rein in fiscal deficit.
CSK is reinventing itself to get rid of the controversies and improve brand value
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
As under-construction properties turn riskier, due to slowing sales, a buyer needs to protect his interest in the property.
Stating that a weak fiscal position continues to constrain India's sovereign ratings, Fitch said the next government's medium-term fiscal policy will be of particular importance from a rating perspective.
PS banks need to pull up their socks to improve cash flows.
The calculation is based on annual usage of eight cylinders per household.
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