Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
'At a time like this when the country's politics is set to change, Sonia Gandhi's speech didn't reflect her take on the change for the aam aadmi'. 'Once again, it was clear that Congress has lost the narrative of the aam aadmi, notes Sheela Bhatt.
Presenting the best of Sanctuary Asia Wildlife Awards 2015.
Finance Minister Arun Jaitley said the inflation index would determine the nominal growth figure, and it is better to set modest targets and outperform them.
'Himalayan glaciers are expected to become smaller, and small glaciers will have disappeared, but by no means will all glaciers have melted by the end of the 21st century,' glaciologist Markus Stoffel tells Rashme Sehgal.
'AAP's real value must be measured not by the number of Lok Sabha seats it wins in the election -- which may not exceed 10 or 15 -- and not even by the number of votes it takes from the BJP, but by its ability to deflate Modi's superhuman '56-inch chest' image and the charisma so assiduously manufactured around him by the corporate-controlled media.'
The question we must ask is how do politicians get that wealth disclosed in the affidavits, says Mahesh Vijapurkar.
'Muslims may turn to the BJP or may not come out to vote in great numbers like they have in the past.' 'Anything can happen.' 'They can feel an increased sense of alienation, but that depends on the BJP -- on how it includes them.'
Shreekant Sambrani is confident that today's adversity will make the country emerge even stronger
How will the government's decision to demonetise Rs 500 and Rs 1,000 notes help curb the creation and flow of black money into the Indian economy?
'These are foods that are very common in the Indian diet... Naan, chapatti, rice...' 'Those processed carbohydrates are far worse for body weight and heart health than the fats they replaced.' 'The problem with these foods is that even if there isn't any obvious sugar in them, they turn to sugar very quickly.'
The Reserve Bank of India (RBI) on Thursday paved the way for niche banking by issuing draft guidelines for setting up payment banks and small banks.
Indian states are preparing for a Rs 1.9 lakh crore (Rs 1.9 trillion) tax windfall this fiscal year.
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.
'We have to work for our victories.' 'We have to offer a better alternative governance model.' 'Not just criticise the current government.' 'You have to build bridges, learn from what has gone wrong and create a party for all people.'
Interstellar is an incredible ride, a film that will scare and stupefy and drop jaws and make us weep, the kind of film that makes our hearts thump against our ribs for forty straight-minutes and makes us believe in the glory of the movies.
Former chairman of the UIDAI Nandan Nilekani, elucidates how Aadhaar could become the spine for alternative banking and could replace government services with cash benefits.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
The Bombay high court on Tuesday allowed the Board of Control for Cricket in India to host Indian Premier League matches in Maharashtra only till April 30 after which it has asked the organisers to shift the matches outside the state.
The focus on non-issues like 'love jihad' has dragged radicals like Vijaykant Chauhan from the fringes to the mainstream in Uttar Pradesh
Markets are likely to go down, correct and stay subdued.
The families that were affected by the communal violence in Muzaffarnagar district have no hope of their homes being restored to them. Is the government really unable to reassure them of a safe return?
Make in India has few advantages and some disadvatnages too.
Sushma Swaraj has fought battles fearlessly, lost a few, and won many. By rights, according to many, she is the one who should have been declared the Bharatiya Janata Party's prime ministerial candidate for this year's general elections. But that didn't happen. Is that why she is so quiet these days?
There are conflicting signs on India's investment cycle.
In embarking on building the world's tallest statue, Modi is hoping his stature will also rise - if not across India then at least in Gujarat, says Bharat Bhushan.
Congress leader Jairam Ramesh interacts with readers on Rediff Chat as he discusses the period that changed India's history, forever.
Milind Deora, minister of state for communication and information technology and shipping, is one of the Congress' young guns under Rahul Gandhi. He tells Kavita Chowdhury that the core problem for the United Progressive Alliance in its second term has been its inability to communicate effectively. Edited excerpts:
Banerjee along with other regional leaders are likely to play an important role in any future government in New Delhi, so it is in India's interest that regional leaders like herself realise the importance of progressive economics and good governance, says Tridivesh Singh Maini.
In the second and concluding part of his interview, Gurumurthy outlines the two areas he believes the government should focus on.
The second part of BJP president Amit Shah's interview to Sheela Bhatt/Rediff.com, to mark the completion of one year of the Narendra Modi government.
'Sonia is trying to become a politician again. Will she succeed?'
'Imagine a scenario where a terror strike by Pakistan-supported jihadis causes thousands of deaths in India. India in retaliation destroys terror camps in Pakistan occupied Kashmir.' 'There is a clamour for revenge in Pakistan and that country begins to fuel its missiles for a nuclear strike against India and that is detected by Indian satellites.' 'No sane government in India will then wait for the nuclear bombs to fall on Delhi before launching its own strike. To be effective, this may well involve nuclear weapons.' Colonel Anil A Athale (retd) says the change in the 'No First Use' pledge in the BJP manifesto is long overdue.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
The administration and America Inc have invested in Narendra Modi's power to transform India. Aziz Haniffa/Rediff.com reports from Washington, DC.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
The second and final part of former cabinet secretary Naresh Chandra's interview to Sheela Bhatt.
'Kejriwal has taken a leaf out of Modi's campaign of 2014 and improved upon it.' 'That suit will haunt Modi till he exits politics.' 'Of all the factors that favoured Kejriwal, the biggest was the arrogance and over-confidence of the Modi-Shah led BJP.' 'What the Congress could not do in the last two decades in Gujarat, Kejriwal did it in no time in Delhi.' 'The BJP has behaved exactly like the Congress in decoding Kejriwal's politics.'
'For all practical purposes, the game ended at the break. The Irish bowlers had neither the pace nor the skill to compete against the Indian line-up; the lack of swing further blunted any edge they could have brought to the contest.'
Indian economy about to take-off
