Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
'The Modi government must create conditions to integrate millions into the rural economy as many migrants are certainly not going to return to live an undignified life,' notes Ramesh Menon.
RBI targets to keep inflation at 4 per cent, (+/- 2 per cent), and its rise beyond this comfort zone will put pressure on the central bank to hike rates.
News of all that's transpired on and off the football field
'As someone who has had the opportunity of cross examining Vinod Rai, extensively over three days as part of the Joint Parliamentary Committee, many of us included I had concluded at that point of time that this report rests on the foundation of sand.'
Backloading the government's borrowing programme suggests the finance ministry's confidence in better revenue numbers, says A K Bhattacharya.
A classified assessment in the National Intelligence Estimate attributed a more direct role to the Iraq war in fueling radicalism than that presented either in recent White House documents.
The 'defective medals' have brought shame to the organisers of the Lusofonia Games. Three Goan athletes have returned their medals won at the Lusofonia Games-2014 in Goa after they allegedly began losing sheen, leaving the organisers red-faced even as they stopped payment to the medals' manufacturers.
The Karnataka government on Monday cleared IT major Tata Consultancy Services' proposal for special economic zones at four locations in the state with a combined investment of Rs 1,150 crore.
Lalu handled the obstacle of 'departmentalism' with ease.
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Following adverse media reaction to the June 27 decision of the Cabinet Committee on Economic Affairs, the finance ministry had issued an office memorandum asking the petroleum ministry to see if there was a way to make RIL clear its gas supply backlog at the existing price.
Since 2011, India has remained on Tier 2 of the State Department reports on human trafficking.
The proposal to sell the building to state-owned Jawaharlal Nehru Port Trust also comes after the government's efforts of Air India strategic disinvestment failed to take off.
One of the beneficiaries is Jindal Steel and Power, which had earlier been kept out of procurement for rails
The estimates of national income and growth do not pass the 'smell test'.
The Survey estimated that a UBI that reduces poverty to 0.5 per cent would cost 4-5 per cent of GDP, assuming that those in the top 25 per cent income bracket are not part of the loop.
Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms
The railways ministry has a capex target of Rs 1 lakh crore for the financial year.
Remunerations dominated former India coach Anil Kumble's 19-page proposal on restructuring of contracts to the Board of Control for Cricket in India in which he had demanded that the 'chief coach should earn 60 percent of the captains' estimated earnings'.
Prince of Qatar, Hamad Bin Nasser A A Al-Thani, is looking at investing Rs one trillion in India.
On Friday, Colombian President Juan Manuel Santos won the Nobel Peace Prize for "his resolute efforts to bring the country's more than 50-year-long civil war to an end, a war that has cost the lives of at least 2,20,000 Colombians and displaced close to six million people". For those who don't know about the situation in Colombia, here's a simple explainer.
The Cabinet Committee on Economic Affairs may this week decide to price all domestically produced natural gas as per a formula suggested by a panel headed by Prime Minister's economic advisor C Rangarajan.
GST rate cut for real-estate, income transfer scheme, farm loan waivers execution and recapitalisation of PSU banks have the potential to boost India's growth in a few months, says Neelkanth Mishra.
By no means do economists see the Reserve Bank of India stop at just a 25-bp cut. Some of the economists such as Soumyakanti Ghosh of State Bank of India are of the firm view that rates have room to fall by a total of 75 bps in the current financial year, starting with 25 bps in the August 7 policy.
Estimated to cost Rs 125 crore, the centre, will be set up in Hyderabad.
'Russian diplomacy is presumably at work.' 'The ground is slippery, because "territorial sovereignty" is a hugely sensitive issue,' says Ambassador M K Bhadrakumar.
Slowdown in industrial production notwithstanding, a marginal increase in inflation raised the clamour for another round of rate cut by the Reserve Bank on April 4 to boost economic activity.
As part of the fund mobilisation move, the cabinet decided to seek financial aid from abroad through non-resident Keralites, from major cities in the country and also from educational institutions in Kerala.
His statement assumes significance in the wake of a row over the Centre's refusal to accept the United Arab Emirates' reported offer of Rs 700 crore to the flood-hit state.
'Although the Election Commission remains convinced about the EVM's integrity, as a fair umpire of the game it was necessary to travel the last mile to convince political players that the entire process was not only fair but transparently so.' A fascinating excerpt from former Chief Election Commissioner Navin Chawla's new book, Excerpted from Every Vote Counts: The Story Of India's Elections.
One hopes that the government will act on the Kelkar panel recommendations.
News of all that's transpired on and off the football field
GST reform has been hanging fire since 2006-07.
While asserting that the growth of coronavirus cases in the country has been more or less linear and not exponential, it also said testing has been ramped up consistently.
Sports Minister Jitendra Singh was far from impressed as he took stock of India's preparations for next year's Commonwealth and Asian Games in a meeting with SAI officials here and expressed dissatisfaction with the progress made so far.
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
The markets are in bubble territory.
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