'Election years tend to see high government expenditure on unproductive schemes, though that money sloshing around can boost private consumption.' 'Again, it can mean higher inflation,' explains Devangshu Datta.
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
'It is this difference in their personalities -- one in eloquent command of the requirements of Parliamentary debate, the other unable to infuse spontaneity in his script -- that will be as much a factor in who India votes for next year, as other more germane factors,' says Vikram Johri.
From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.
If tweets can do so much, why do we need an independent regulator and multiple committees discuss and recommend policy?
'Good economics isn't necessarily bad politics, or vice versa,' says Shekhar Gupta.
The origin of the challenge is the so-called "fresh start" process. Many in the MFI industry apprehend that such a law in India will encourage small unsecured borrowers to default and destroy the credit culture. So, while'Fresh start' is a welcome step as it will free up the debtors from the archaic laws of the colonial era, debtors need handholding and counselling to prevent any misuse, says Tamal Bandyopadhyay.
Unstoppable so far, star Indian boxer Vijender Singh will now gun for his maiden title in the professional circuit when he fights for the WBO Asia belt come June in front of home fans in the national capital. The middleweight boxer, who earned worldwide fame by becoming India's first Olympic and World Championships medallist at the amateur level, has exhibited rampaging form even in the pro arena. Since his debut in the circuit last October, the 30-year-old from Haryana has won all his three pro contests via knockouts. His next bout is scheduled for March 12 in Liverpool, the opponent for which is yet to be named. "I am already excited. My first title fight, that too in front of my own people, in my own country. It cannot get better than this. I have no idea who my opponent is going to be but I am sure I will carry on the way I have so far," Vijender told PTI from Manchester where he is currently training for the March 12 showpiece.
RBI has cited at least 10 areas where it has no control over PSBs.
'The financial sector will be hit even harder than the overall market.' 'The banking sector will eventually be rescued.' 'But it may go into a long downwards spiral before things turn around.' 'Threat or buying opportunity?' asks Devangshu Datta.
Experts said the new framework has ensured that the focus has moved to creditor protection from debtor protection.
K C Chakrabarty, former deputy governor, RBI, talks to Anup Roy on issues in the new bankruptcy law and rules.
'When a company goes into insolvency, by definition it means that existing shareholders have been wiped out.'
The Maybach S650's focus on luxury would make a private jet's interiors appear pedestrian, says Pavan Lall. Does it mean it has no room for improvement?
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
'The worst is over, but it may take a couple more years for the banking system to re-establish the growth process.' 'Banks are the major pillars in an economy's revival.' 'Without banking operations and lending, revival will not happen.'
'Stand-alone' trip to North American nation and a strong track record in Gujarat open doors to business.
'If credit is not available, people will postpone buying. That's what has happened.'
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
The Insolvency and Bankruptcy Code (IBC) got a leg-up with Tata Steel's acquisition of Bhushan Steel, the first big case to be resolved. Tata Steel CEO & MD T V Narendran tells Ishita Ayan Dutt how this deal moved so quickly while others are still mired in controversies.
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
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.
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
The Congress said arrogance of the BJP has touched its zenith as it turned 'blind' to farm distress.
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
In front of a packed arena, in his first pro bout that lasted all ten rounds, Vijender Singh beat Kerry Hopes 98-92-98-92 and 100-92 in a close contest to win the WBO Asia Pacific super middleweight title fight in New Delhi on Saturday.
Keki Mistry, vice chairman and CEO, HDFC tells Joydeep Ghosh and Chirag Madia that unlike some other players it never went for excesses and never took unreasonable risks.
Gurcharan Singh tells Laxmi Negi/Rediff.com why he deserted the Indian team and the reason for wanting to return to the country after 15 years.
The International Cricket Council has approved change in rules in the LBW decisions of the umpires concerning the controversial Decision Review System, which is expected to benefit the bowlers, while deferring plans for a radical shake-up of international cricket, including on the proposed creation of two divisions in Test and a new one-day league.
'If a person whom Vijender had thrashed earlier is now a World champion, why can't Vijender be champion now too?'
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