Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
'The problem is not the performance under Vishal Sikka, but the quality of Infy's board of directors, argues Debashis Basu.
'There is so much talk about Netflix and what they should be doing.' 'In two years, SonyLIV has done what Netflix should be doing.'
Govt must introduce automated investment scheme for poor.
We remain at the mercy of the global economic climate.
Instead of condemning all businessmen, the PM may like to listen to some of them.
Mr Modi can create a small temporary team in the PMO whose only job would be to listen to businessmen's mann ki baat referring to global best practices.
Lack of decisiveness and courage to deal with PSBs may turn out be the biggest impediment to the Modi government's economic initiatives, says Debashis Basu.
Nobody is clear what 'minimum government maximum governance' means.
Mudra Bank will be a Rs 20,000-crore institution, which would "primarily be responsible for refinancing all micro-finance institutions.
Sukanya Verma looks at the recent spate of book-to-screen adaptations.
NSE's own handle @nseindia was content tweeting out the press release in seven tweets.
Moneylife's victory against NSE shows good journalism does not need to fear deep pockets of big corporations
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
'When fund managers talk of being bullish for the long term, they assume strong economic growth.' 'That is what they have assumed every year, naively believing the pronouncements and promises of ministers.' 'Unfortunately, they have been wrong year after year,' observes Debashis Basu, editor, www.moneylife.in.
The insatiable greed for money and power is too large, too repugnant to thwart. And no one epitomised that better than Harshad Mehta, notes Dhruv Munjal.
The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.
The govt has incentivised the worst of investment products.
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The Sensex was around 18,600 by the end of August.
Each scam that comes out in the open shows the regulators to be miles behind.
The RBI has created a stunted business model by which payment banks are supposed to shoulder the noble objective of financial inclusion without being able to make much money.
This mindless medley of products does not create choice.
Today, the single most popular route of laundering is the stock market platform, notes Debashis Basu.
'We are probably working with flawed data on household finance.'
If the government seriously keeps out of business, the business world will know about it at a lightning speed; there would be no need for rock show-like events.
Traditional plans are the biggest area of concern for consumers.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
Private-equity funds made an average annual return of just 7 per cent between January 2007 and December 2013 while the Sensex was up 11 per cent.
The single most important issue in Public Sector Banks is corruption.
The new tax regime proposed by the Modi government may not have acceptance from all corners.
The completely avoidable mess that the finance ministry found itself in was rather surprising, says Debashis Basu.
My sense is that we are in a situation similar to 2011-13, notes Debashis Basu.
Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres, says Debashis Basu.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
The best investment schemes fail if they don't offer incentives to intermediaries to push investors.
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.
There are millions of taxpayers, all of whom are susceptible to this frustrating situation.
'Mr Modi has inherited a system that taxes businessmen and fritters the money away over ministries.'
Here is a look at some of Aseem Chhabra's favourite memories of 2020 in Hindi cinema, performances by well-known and new actors, special moments in films and shows.
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