Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
High fiscal deficits raise inflation which hits the lowest income and salaried classes.
Glimpses of I-Day celebrations across India.
The RBI expects change, presumably commencing in the next Budget, but must hold its current view until this actually happens.
Over to the government how they manage the uncertainty of monsoon and revive spending in order to entice RBI for another round of rate cuts
World trade has been growing slower than world GDP since 2012.
It is time we support Dipa Karmakar and not forget her by the time Tokyo Olympics roll in, the way we've forgotten so many others -- medal winners who have died in penury, who have had to sell their medals to survive, who have taken auto-rickshaws home from the airport. It is time that talent, and not money, decided who gets to be nominated into the International Olympic Committee.
Emissions would still keep rising till 2030, and the path towards global warming would improve to 2.7c.
The hype surrounding the Budget gives it undue importance.
RBI's surprise rate cut has revived sentiments of India Inc.
'If the Congress is to challenge the NDA government, Rahul Gandhi will have to shed his indifference to Parliament, become more visible and vocal and, essentially, lead from the front,' says Rediff.com contributor Anita Katyal.
Money will flow to Europe, Japan - and the emerging markets, including India.
Custom duties, a major concern for the oil sector.
There are indications that India may be shedding its Stockholm Syndrome vis-a-vis the Modi government, says Bharat Bhushan.
The advent of technology, the widespread use of smart phones across the country and the increasing popularity of the social media has caused the mushrooming of media platforms and led to the gradual disintermediation of the mainstream traditional media. The BJP leadership has only caught on to this trend quite fast and has used it to counter the influence of the mainstream media, says A K Bhattacharya.
'The creation of Pakistan was integral to Britain's grand strategy.' 'If they were to ever leave India, Britain's military planners had made it clear that they needed to retain a foothold in the NWFP and Baluchistan because that would provide the means to retain control of Iran, Iraq, Kuwait, the UAE, Bahrain and Qatar.'
Dabhol's assets will be demerged into the power plant and the LNG terminal.
'Other countries go out on a limb to save even a single life.' 'What to talk of civilian accidents and disasters, even our military does not have a priority for Combat Search and Rescue,' says Group Captain P I Muralidharan (retd).
Parents should secure thier special child's future.
State government announced ex gratia for kin of those who lost lives.
Though the worker strike at the Gorakhpur-based publisher of Hindu religious texts has been called off, it hints at an underlying financial crisis, says Manavi Kapur
The American Association of Physicians of Indian Origin will attend the Pravasi Bharatiya Divas in Delhi with an agenda to develop a plan to bring together AAPI, NGOs and the government to provide access to affordable and quality health care. Aziz Haniffa reports
'The BJP suddenly seems vulnerable. This is not entirely surprising. In the past too, governments and leaders who won a thumping Lok Sabha majority lost popularity in a matter of months... The by-polls results shows that a degree of disenchantment with the Modi government is setting in,' says Praful Bidwai.
'To consider BRICS anything more than a temporary club with some common interests would be folly. The goal should be to induce others (Japan, ASEAN, South Africa) to align with us -- a non-threatening, democratic nation, rather than with malevolent China or waning America. For us to consider aligning with either China or the US would be absurd. India is just too big to be a sidekick,' says Rajeev Srinivasan.
Prince William and Princess Catherine, the Duke and Duchess of Cambridge, collected quite a few Mumbai hearts on a hot two days in April.
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
'Whether it's investments in Kashmir, building naval facilities, or selling top-of-the-range military equipment, Pakistan could well benefit more under Xi's watch.' 'Do Chinese concerns about the 'Islamisation' of Pakistan give it pause about how quickly to move forward with security and economic projects? At the moment the indication is quite the opposite: China is doubling down on its support to Pakistan, partly because of its fears about where the country is headed.'
