Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
If India wants to become a globally competitive manufacturing hub, it will have to rethink the notion that the traditional SMEs will form the manufacturing backbone, argues Prosenjit Datta.
The MPC headed by RBI Governor Shaktikanta Das will announce the resolution of the meeting at around noon on Thursday.
In this exclusive interview with Rediff.com's Suman Guha Mozumder,Time International's new Editor Bobby Ghosh discusses Iraq, India and the New Journalism.
A fascinating conversation with one of the world's finest reporters.
But there are challenges, observes Tamal Bandyopadhyay.
Israel and the UAE agreed to normalise their relations, and an agreement on the mutual establishment of embassies is expected to follow in the coming three weeks.
Not only has the Mudra loan mela generated no jobs, it has frittered away trillions of taxpayers' money and it's time to bury the scheme, argues Debashis Basu.
'Prime Minister Sheikh Hasina is sincere about maintaining religious harmony in the country.' 'But for mysterious reasons, it does not reach the grassroots activists of her party.'
Threats were often communicated to Pandit homes through notes tied to stones chucked through a window, or a notice pasted on a wall. Those sometimes came from neighbours eyeing that Pandit family's property. Those threats often worked in the atmosphere of terror during that awful season of vacuous exercise of State authority, writes David Devadas, longtime Kashmir watcher and author of two books on the Valley.
Rogue lending under political influence was rife in the Congress-led regime and is not happening in the Modi regime, certainly not on that scale. But if PSBs cannot lend as indiscriminately as they did last time in the name of 'credit expansion', how well will these banks do, asks Debashis Basu.
Danish Siddiqui, in his early 40s, was killed during clashes in Spin Boldak district in Kandahar, Tolo News quoted sources as saying.
Even when large businesses said they were flying blind in mid-2020, the markets rallied and an incredible business boom followed. This is not to say that the markets will continue to rally and there is nothing to worry about, observes Debashis Basu.
The temptation to get into businesses that are hot is perhaps too great for any politician, no matter what his public slogans are. Nehru plunged into hot sectors of his time -- engineering and iron and steel. Modi has plunged into digital payments -- the hot sector of his time, notes Debashis Basu.
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
'India is a founding and permanent member of this 'club of shame': Journalists are murdered on account of what they write or intend to write, but nobody is finally brought to justice in such cases.'
Perhaps the calculation is that economic recovery will have been achieved before the next general election comes around, but such assumptions can come unstuck if current directions are not reversed quickly, cautions T N Ninan.
I tried to reason in my mind that wouldn't beating Pakistan again and again -- in the league matches and in the knockouts if they made it -- be a better tribute to our martyred soldiers? A revealing excerpt from Vinod Rai's Not Just A Nightwatchman: My Innings In The BCCI.
Only cash deposits of over Rs 250,000 in bank accounts will be scrutinised by the tax department and in case of mismatch with I-T returns, tax plus 200 per cent penalty would be levied
Seven years is a long time for any of Modi's promised actions to show up. If voters are angry and cynical today, it is because the rhetoric stings, argues Ramesh Menon.
Byju Classes' founder Byju Raveendran, Zomato co-founder Gaurav Gupta, CEO of Antara Senior Living, Tara Singh Vachani, Vinati Organics' MD & CEO Vinati Mutreja and Swapan Mehra, CEO of Iora Ecological Solutions are among 115 young leaders.
'Section 153A is not meant to protect fragile sentiments of the majority Hindu community who choose to get offended by slogans celebrating the success of the Pakistani cricket team.'
Mr Modi and Mr Shah will need him if they want to win UP again in 2022 and India in 2024. This signals a Yogi Adityanath-sized change in BJP politics, even under Mr Modi, Shekhar Gupta.
Noted economist Arvind Panagariya says India is an emerging power. With liberalisation, Indian entrepreneurs have emerged and they are top class.
Dr Sanjaya Baru, editor, Business Standard, talks about the lack of respect for education and the need to reward excellence.
We are emphasising on an agricultural growth of 4.5 per cent to achieve a 9 per cent GDP growth, says Finance Minister Pranab Mukherjee.
'Those who worked with him or came to know him rated him as one of our best, with a sharp intellect, unfailing courtesy and ready wit.' Ambassador T P Sreenivasan fondly remembers Ambassador B S Prakash, wonderful human being, unusual diplomat and long-time Rediff.com columnist, who passed away into the ages on Monday, October 4, 2021.
'If the epidemic is sharply contained in a month or two, we have a huge buying opportunity. 'If not, we are staring at a serious economic crisis, the contours of which we are totally unaware of,' warns Debashis Basu.
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
Growth and economic reforms in India must take centre-stage again and acts of corruption or security concerns should not distract the attention of the government and the people, said Union Home Minister and former finance minister P Chidambaram recently.
Flagging the issue of lack of enough economists in the country, Reserve Bank India (RBI) Governor Raghuram Rajan has said the inability to get quality talent may be hurting policy making.
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
Human memory about policy issues is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor 'doing business' climate, taxtortion, extortionate oil prices, and high dependence on babus and the big State that has kept the enterprise system stifled, observes Debashis Basu.
Eminent journalist B G Verghese, a Ramon Magsaysay award winner and former editor of leading dailies Hindustan Times and Indian Express, died on Tuesday at the age of 87 after brief illness.
'Outside investors don't want to get tangled up in a religious war.'
The correlation between withdrawal of deposits and the Covid death rate is stark, reveals Tamal Bandyopadhyay.
A report published in British journal The Lancet reckons India's working population will surpass China's in the mid-2020s.
Chidambaram said this when he was asked by Financial Times Editor Lionel Barber on what he would he like to do beyond politics.
Ambani is also the year's biggest gainer, adding USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service.
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