Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
Hotels are using a combination of platforms to reach out to the guests. These include online travel agents among others. hotels in India are offering guests an option to pay now and stay later.
The slain terrorist has been identified as Shafat Hussain Wani, a resident of Wagoora area of north Kashmir's Baramulla district.
The concluding part of the A to Z guide to a year that will soon become history.
Fans allowed for the mega final as UEFA said that each club would receive 6,000 tickets which are expected to go on sale from today, May 13. The final capacity for the match has yet to be confirmed.
Income tax collection, by way of advance tax and TDS, in the April-June quarter was about 80 per cent of what was collected in the same period last year.
The sale of the 10 hospital properties to Fortis Healthcare will help Khorakiwala repay the Rs 500 crore (Rs 5 billion) debt on Wockhardt Hospital's books.
The bus carrying 45 passengers from Reasi to Bakkle turned turtle and fell into a deep gorge
A week after Prime Minister Narendra Modi announced that the Rs 500 and Rs 1,000 notes are illegal tender, at least 33 people have been reported dead in demonetisation-related incidents.
The Tata Sons' chief said that world's reliance on China for sourcing goods will reduce, and India will definitely have an opportunity to participate.
The purchase or construction of houses by large numbers of people can add meaningfully to India's economic growth, points out Neelkanth Mishra.
To manage anxious crowds, as many as 3,400 personnel of paramilitary and Delhi Police along with 200 quick reaction teams have been deployed at ATMs and banks.
'I was so nervous and embarrassed that I hid behind a pillar, just watching my son quietly.' 'I could see him very quiet, not communicating with anybody.'' 'I thought he was not interested. But when he gave his first shot, he was perfect!'
'Inequality has been growing in the world. The virus has only amplified it.'
Special judge Sangeeta Dhigra Sehgal on Tuesday deferred a decision on former Samajwadi Party leader and member of Rajya Sabha Amar Singh's bail hearing in the cash-for-votes scam to Thursday.
Amar Singh built an extensive network for the party, and was often spotted with celebrities, from the Bachchans to Anil Ambani to Subrata Roy.
'Our priority is how to reduce the waiting time for people for darshan.'
'I would recommend two parts to fiscal support. One, support the lower end of the society by direct intervention through ways such as direct benefit cash transfer. Second, give fiscal support to the stressed sectors in line with the Rs 3-lakh crore (Rs 3 trillion) emergency credit line guarantee norms'
'Like doctors, health workers, police, bankers are also COVID warriors,' notes Tamal Bandyopadhyay.
Two days after being discharged from hospital, Rajya Sabha MP Amar Singh, an accused in the 2008 cash-for-vote scam case, has moved a Delhi court seeking its permission to go abroad for treatment of his kidney ailment.
Arif, a watchman, set out on the daunting journey hoping some miracle would happen and he would be able to see his father, who had suffered a massive stroke and was in critical condition. And miracle did happen, when the Central Reserve Police Force came to his help. The paramilitary force gave him and his father 'wings', quite literally.
With banks struggling to cope with rush to get alternative currency, the government has extended use of old defunct Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees and purchases from co-operative stores till November 24.
The cap of Rs 10,000 on daily withdrawal has also been removed.
Around 2,500 engineers and 45,000 cash management employees step up efforts to complete the target of recalibrating 12,500 ATMs every day.
The poor can't withdraw their money from their bank account and other Indians live in constant fear of their money getting stolen by unscrupulous hackers, says Syed Firdaus Ashraf.
'The norm will be even less public accountability, even less transparency, tweets instead of press conferences, TV lectures rather than parliamentary debate, and greater political authoritarianism,' predicts Sunanda K Datta-Ray.
Leading hotels are taking all precautions but the unusual service the staff has been pressed into puts them at the forefront of COVID fight.
Now that cashless is once again the national buzzword, Harjot Singh Narula explains what you must know about cashless treatment under health insurance plan
The restrictions imposed in March led to a sharp slump in demand from bulk consumers like hotels, restaurants, and roadside tea stalls, as they were forced to shut down. Sales of major milk products such as ice-cream, butter milk, and cheese, which usually spike during summer, also dropped.
'Several businesses like entertainment, hospitality, travel etc would never be the same again.'
'Aggressively stepping up vaccinations will constitute the most enduring stimulus of all in the coming quarters,' observes Sajjid Z Chinoy, Chief India Economist at J P Morgan.
While the interest from Hinduja is a positive sign for the grounded airline, executives of banks cautioned that there is no certainty that the deal will fructify. The cost of recapitalising Jet Airways is increasing every day.
In a daring daylight heist, two unidentified armed assailants looted a cash van of around Rs 1.5 crore after allegedly killing an ATM security guard in Kamla Nagar area of North Delhi on Saturday morning.
When faced with a medical emergency, you pay cash or use your credit card, instead of asking why the hospital is not accepting your cashless medical insurance.
Crores of new currency notes continue to tumble out of lockers and hidden locations as authorities conduct raids and searches across the country.
ICICI Prudential has tied up with the healthcare service provider to enable investors in its ICICI Prudential Savings Fund use the money seamlessly for medical purpose.
'Once the lockdown is lifted, we will see some pickup in demand.' 'And my sense is that it will be a long walk this time given that we have lost three months of economic activity.'
The bodies of four terrorists, killed in the Pathankot terror attack four months ago, were buried on Wednesday at an undisclosed location in the garrison city.
Nearly 7,000 paramilitary forces have been deployed in the affected areas of the northeast district since Monday.
A group of four-five 'Nihangs' (Sikhs armed with traditional weapons and dressed in loose blue top) were travelling in a vehicle and they were asked to stop at a vegetable market by the Mandi board officials at around 6.15 am, police said.
