Relying on the private sector to undertake infrastructure investment may not be a realistic proposition.
GNPAs of public sector banks are now at a staggering 11.2 per cent of their advances.
Society of Manufacturers of Electric Vehicle (SMEV) on Thursday said sales of EVs in India fell 20 per cent in the financial year 2020-21 to 236,802 units. In 2019-20 sales of electric vehicles (EVs), including electric two-wheelers (E2W), electric three-wheelers (E3W) and electric four-wheelers (E4W), stood at 295,683 units. For FY21, the E2W segment sales declined by 6 per cent to 143,837 units, as compared to 152,000 units in FY20, SMEV said in a statement, adding that the FY21 E2W sales included 40,836 high-speed and 103,000 low-speed E2W. The E3W segment registered sales of 88,378 units as against 140,683 units sold in FY20.
The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.
Former Santosh Trophy National Football Championship player, E Hamsakoya, who had tested positive for COVID-19, succumbed to the virus early Saturday at a hospital in Malappuram, taking the toll due to the infection in the state to 15. Native of nearby Parappanangadi, Hamsakoya (61) had settled in Mumbai. He and his family had come down to his hometown on May 21 and had been under quarantine.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Common sense says if one can afford, servicing the loans during this period is a better bet than postponing it by three months,' says Tamal Bandyopadhyay.
The Centre has imposed a ban on the Popular Front of India (PFI) and several of its associates for their alleged terror activities.
Prices are likely to rise further as demand grows in coming months due to festivals
While number of commitments inched up in 2015, its value slipped 23% to 11-year low.
Gathering of five or more people at public places is prohibited, but there are no restrictions on people stepping out for the purpose of buying medicines, and visiting friends and relatives (after 11 pm in view of the night curfew).
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
'There are 80 million tonnes of foodgrain in our godowns and yet, 200 million people go to bed hungry.' 'So I decided to fight hunger.'
Internet users should be watchful for such attacks including phishing attempts and conduct cyber security audits of their IT systems, officials of Maharashtra Cyber, the state police's cyber wing, said.
Though COVID-19 will wreak more damage to the finances of the Indian population, the insurance sector is unlikely to get hurt.
'The BJP plans to win 10 (Lok Sabha) seats (in Tamil Nadu) and the alliance (with the AIADMK) 20 seats in 2024.'
The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.
Nearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.
Pegging the cost of the covid-19 lockdown at USD 120 billion (approximately Rs 9 lakh crores) or 4 per cent of the GDP, analysts on Wednesday sharply cut their growth estimates and stressed on the need to announce an economic package. The Reserve Bank of India (RBI), which is scheduled to announce its first bi-monthly policy review on April 3, is set to deliver a deep rate cuts and it should also be assumed that the fiscal deficit targets will be breached, analysts said.
The central bank tweaked the retail inflation range to 4.8-4.9 per cent in the first half of 2018-19, and 4.7 per cent in the second half.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
Dr Reddy's was the top loser in the Sensex pack, shedding around 2 per cent, followed by Reliance Industries, Sun Pharma, HDFC twins, Infosys, M&M and PowerGrid. NSE Nifty slumped 137.65 points to 14,496.50.
Baba Ramdev-led Patanjali Ayurved Ltd will sell its food retail business to group firm Ruchi Soya Industries Ltd for Rs 690 crore as part of its strategy to focus on non-food, traditional medicine and wellness business.
ED has come across two immovable assets - one flat in Dubai and one land parcel in London. It is examining the valuation of both properties, estimated between Rs 150 crore and Rs 200 crore.
The Taliban have been known for using violence to force the people to accept their agenda and views, he added.
All Sensex components ended in the red. SBI was the top loser, followed by ONGC, Axis Bank, ITC, Titan, Bajaj Auto, TCS and IndusInd Bank.
The challenge ahead for central and state governments remains enormous.
Bankers have hailed the Prime Minister's call to end "financial untouchability" and opened millions of accounts on the inaugural day itself.
'When an institution believes its knowledge and capability is superior to everyone, it behaves like a frog in the well.' 'And this is precisely the cause for the mess,' says J N Gupta.
The crux of the problem is change, specifically the Rs 500 note, which India's presses cannot, currently, print in adequate number, says Sahil Kini/IndiaSpend.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Pawar asked Modi why he was daring Opposition leaders to bring back Article 370 of the Constitution after it was nullified by Parliament in August.
Citing the massive surge in Omicron infections and the resultant impact on overall economic activities in the March quarter, Swiss brokerage UBS Securities has revised downwards its India's growth forecast for the current financial year to 9.1 per cent from 9.5 per cent earlier. However, UBS Securities does not see the third wave impact extending to the next financial year as it has revised upwards its real GDP forecast to 8.2 per cent, up from 7.7 per cent earlier, expecting the real GDP growth to remain well above the historical average. The World Bank pegs it at 8.3 per cent, unchanged from its June assessment, saying the recovery is not broad-based yet.
The group began to outperform the broader market only with the onset of the pandemic in March 2020 while earlier it was largely keeping pace with the Sensex. The group's market cap is up 164.4 per cent since the end of March 2020 against a 105 per cent rally in the Sensex.
'I just offered her a rose. She said thank you. And I took a photograph with her.'
As Maharashtra and Haryana show, Prime Minister Narendra Modi and Amit Shah completely control the BJP and are taking it to the next level ruthlessly, without carrying forward any past baggage.
It took 110 days for the COVID-19 cases in the country to reach one lakh and just 59 days more to go past the nine-lakh mark.
'I cannot afford to go to court. I cannot afford to lose a case. I will fight the Gandhi way -- peacefully, non-violently, and with determination,' Purshottam Chauhan, a resident of the Sabarmati Ashram, tells Rosamma Thomas. Around him, the homes of former neighbours are rubble. About 300 Dalit families resided within the premises of the Sabarmati Ashram till 2021. Only about 40 now remain.
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