Bollywood is taking a break from work to celebrate the Ganpati festival with their friends and family.
Farhan Akhtar invited his family and filmi friends for the special screening of his new film, The Sky Is Pink, in Mumbai.
A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even bodily harm if the money was repaid. Anup Roy reports.
'But we are much better than what we all had expected and planned, and what all the prophets of doom had predicted.'
As households age, they pile up debt, a peculiarity unique to Indians, a Financial Stability and Development Council report has found. Here are the key takeaways.
Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.
'Indian non-bank lenders stand exposed to a deteriorating credit quality environment.' 'Such a deterioration could put at risk the value of NCDs purchased by the mutual funds and expose investors in bond and liquid funds to a risk of capital loss.'
'I hope the trend is sustainable and that economic activity accelerates going forward.'
They now believe their money will be repaid after completion of the tenure of the instruments they have invested in, says Anup Roy.
Just a day before Shabana Azmi met with a road accident on January 18, she was celebrating husband Javed Akhtar's 75th birthday bash with the rest of Bollywood. And it was a full house, as *everyone* came forward to pay their salaams to one of Bollywood's leading writers and poets.
Salman Khan brought in his 54th birthday with a grand party with his family and friends. He cut a cake with his Dabangg 3 team by his side.
When banks deposit their money with RBI, the central bank offers government securities of equal value. But now, it could be running out of enough securities to offer banks against the overnight deposits.
If RBI has to replace the entire stock of Rs 1,000 and Rs 500 notes with Rs 100 ones, the cost would be more than Rs 10,000 crore.
>The BJP's star campaigner could not help even half the number of candidates for whom he campaigned in his aggressive 'Didi-o-Didi' style in Bengal
2018 has been a disappointing and highly volatile year for equity investors.
There's a long way to go before human beings are replaced by machines -- in banks at least.
The top court reserved its verdict on a batch of pleas seeking a collegium-like system for the appointment of ECs and the Chief Election Commissioner and asked the parties to file written submission in five days.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
'We are very watchful about inflation and growth. But the main challenge is economic revival and growth.'
'RBI is taking all steps to complete the process expeditiously so as to release firm figures at an early date.'
K C Chakrabarty, former deputy governor, RBI, talks to Anup Roy on issues in the new bankruptcy law and rules.
'Nobody will wait now. Everyone will come to deposit their old notes. The confidence is shaken.'
'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'
Kingfisher Airlines owed Indian banks Rs 7,000 crore as of January.
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
'A strong foreign exchange reserve is the best safety net against global spillovers.'
Friends and colleagues console Vishal Bhardwaj who lost his mother on Sunday.
'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
'We have 100,000 students going abroad every year.' 'So, we have room for at least 100 universities of very high quality to service those 100,000 students.'
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
NBFCs are mainly dependent on funding their operation from their own cash flows.
Will demonetisation lead to a rate cut, leading to higher quantum of lending?
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'
As the global economy sways into uncertain territories and domestic prices almost certain to rise, Raghuram Rajan's ideas would have come in handy.
List of the athletes who will represent India at the 29th Olympic Games.
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