The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
Key relaxations traced in final regulations.
Knight Frank and Royal Institute of Chartered Surveyors in their report said that 10 million homes will be delivered by 2022 as targeted by the government.
In a show of solidarity, the CEOs of some 40 top American companies have come together to create a global task force to mobilise resources to help India fight the battle against Covid-19.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
Even though the Health Ministry and Indian Council of Medical Research (ICMR) have been insisting that there is 'no solid evidence' of community transmission so far, the government has started scaling up health infrastructure to deal with any situation.
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Can the leaky public distribution system, or PDS, deliver the subsidised grain to two-thirds of the population?
As for structural reform, there are signs if one looks hard enough.
'There exists a 'brotherhood' of sorts for a very long time and corrupt dealers and corrupt OMC officials are in it together,' Ashwani Attrish, founder, Empowering Petroleum Dealers Foundation, tells Sudhir Bisht, a veteran of the petroleum industry.
Stressing on the 'Make in India' initiative, a Ministry of Defence appointed committee has recommended enhanced private sector involvement by granting manufacturers tax and import concessions.
From crisis leaders to future Goliaths, India Inc saw them all in 2017, says Shailesh Dobhal.
Insisting that Vijay Mallya was not given even "a rupee benefit" under the Modi government, Finance Minister Arun Jaitley on Thursday said that loans were reportedly given to the businessman during the previous United Progressive Alliance rule through intervention of the North Block, a reference to the finance ministry.
The trio, 'twin shocks' of demonetisation and GST, 'twin balance sheet' problem that has been weakening India's banking system and the 'twin deficit' problem will continue to challenge economic management and performance in the year ahead, says Shankar Acharya.
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
Real estate firms like DLF, Prestige, Phoenix Mills to benefit.
'Providing funds and autonomy to a few institutions that may not have the intent to excel must not become a case of trying to feed those who are not hungry and starving those who are famished,' says Jitendra Kumar Das, Director, FORE School of Management, New Delhi.
'You cannot start an MSME again.' 'It is not like a Yes Bank that someone comes and saves the bank.' Once the shutter is down for an MSME, nobody will come to its rescue.'
The prospects for strong, sustained economic reforms do not appear to be promising in India.
There will very little direct impact from the US Fed's rate hike this time, as we are well prepared both to handle liquidity, outflow of FII funds and managing our currency. But that doesn't mean India will be out of the woods anytime soon, says M V Subramanian.
The original idea was to replace the existing schemes for scheduled castes and tribes.
Fresh guidelines were issued by the government on Wednesday for enforcing the second phase of the coronavirus lockdown, with the Union home ministry barring all kinds of public transport and prohibiting opening of public places during this period.
India must change approach and have better access to networks to fulfil its digitisation dream.
'These are only passing clouds. The banking industry is a century-old industry and this is not the first time it is going through such a crisis.' 'When the economy revives, those companies that are in the infrastructure fields will also get revived.' 'After all, a lot of money has gone into creating assets like power projects and roads, so you can't say money has been wasted.'
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
The vertical will be based out of Bengaluru.
India needs a National Trade Policy Council, chaired by a minister who reports directly to the PM, says Jayanta Roy, former economic advisor to the Union commerce ministry.
What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?
'Right now, politics is operating in a state of suspended animation. That works to Modi's advantage.'
Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a still strong medium-term growth outlook compared with similar category peers and relative external resilience stemming from solid foreign-reserve buffers against high public debt, a weak financial sector and some lagging structural factors, including governance indicators and GDP per capita.
The Centre has, however, retained its proposal to curb flash strikes as workers in all factories will be required to give employers a strike notice of at least two weeks after the Bill becomes a law.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
'The government lights lamps for nurses but when we demand what's due for us, they don't listen at all.'
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
Inviting private sector in Indian Railways is a good idea.
Many believe that marketing budgets could be a hurdle.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
Finance Minister Arun Jaitley presented the Union Budget.
This was India's time; with a strong central bank governor and a new decisive government, anything was possible.
Today, Vachani's public-listed company, Dixon Technologies, has gone beyond manufacturing just television sets. Armed with private equity funding from Motilal Oswal eight years ago, it has transformed itself into a Rs 4,400 crore electronic manufacturing services major, which now straddles lighting products, home appliances, feature phones, LED bulbs, amongst others. A two-part series looks at how two home-grown manufacturers are leveraging the govt's production-linked incentive scheme.
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