Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
Manmohan Singh, reveals the former President, was keen that either P Chidambaram or Montek Singh Ahluwalia be the finance minister.
The move comes within months of a crisis at JPMorgan Asset Management Company.
He also pointed out that the home ministry was neither consulted, nor did it give the necessary security clearance
It's crucial for Modi to make India an easier place to do business.
'While they were respectful of the PM, it was clear that as ministers, they owed their positions as much, if not more, to Mrs Gandhi.' 'When attacks were mounted on the PM, there was very little coordinated effort by the Congress, UPA ministers or other politicians to speak up in his favour and strongly defend him.' B K Chaturvedi, Cabinet Secretary during the early years of UPA1, reveals how the Manmohan Singh-Sonia Gandhi equation worked. A riveting excerpt from Chaturvedi's memoir, Challenges Of Governance: An Insider's View
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
There are conflicting signs on India's investment cycle.
Mr Modi must stop talking, and start writing
There is a need to have a 'CEO for Mumbai' in order to realise the ambition of making it a global financial centre.
Modi laid the foundation stone of a four-lane cable-stayed bridge between Okha and Beyt Dwarka.
If money allocations, investment commitments are a sign of better things to come, the state can be optimistic.
Even if they score administratively, state governments ruled by the party suffer from an inability to communicate positively, say observers.
Lok Sabha elections result of 2019 tells us the Modi wave has only consolidated, instead of waning.
On the first anniversary of the Narendra Modi-led NDA government, Sangh Parivar affiliates say they are annoyed with the ruling dispensation but can't live without it either
Joining hands with his arch rival, Lalu Prasad Yadav, paid off for the Bihar chief minister
This analysis is based on the quarterly earnings for 724 companies.
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
'It's the first-ever US presidential visit which is specially planned for India.' 'The standalone visit itself has achieved something already. Don't underestimate it.' Sheela Bhatt gives us an exclusive glimpse of what the Modi government hopes to achieve from Trump's visit.
The Budget sets out a comprehensive vision.
Indian economy about to take-off
India must first improve working condition, then it can concentrate on Make in India concept.
Whether India can create labour-intensive factory jobs instead that it needs to put millions to work in the next few years looks very unlikely.
With the first salary date after demonetisation around the corner, will India's labourers be able to take their hard-earned wages home?
The states will be asked to tap the Centre's JAM trinity.
The electric vehicle market in India needs a policy push that goes beyond targets, says Vandana Gombar.
'Most of the agitations are staged by the Opposition to disturb the peace of the state.'
CPI-based inflation on a (year-on-year) basis has come down from 8.59 per cent in April 2014 to 7.80 per cent in August 2014.
Has the rail ministry taken care to draw up a transparent framework?
Most top industrialists rate PM's first 100 days in office as 'good', primarily due to his intentions, not concrete policy measures.
Modi government has to come up with a robust economic agenda to impress the masses.
The Bharatiya Janata Party might have a majority in the Lok Sabha but sarcasm and public humiliation of rivals may not be the way to assert this. In fact, it is a waste of time
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
'The rule for millennials is: You can have a career for life.' 'You have to constantly adapt to the needs of the industry to stay relevant.' 'The jobs will be the same, but the skill sets required will be different.' 'Technology will dominate the nature of jobs available in the future.'
Bureaucratic insensitivity gave way to compassion with the state administration, police and passersby joining forces to help the stream of Indians fleeing Delhi.
A glance back at some important events that occurred in 2018.
Raheja has unveiled Krishna Housing Scheme in sector 14 at Sohna and the homes will be priced at Rs 15,00,000-23,00,000.
'It is the government's most important duty to ensure that when war breaks out, the armed forces are absolutely ready to face the adversary -- well equipped, well trained and in high spirits,' says Brigadier Gurmeet Kanwal (retd).
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