Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
The better performing states throw up more employment opportunities including at unskilled levels.
More than legal and illegal mining of sand, the issue which stares us in the face is sustainable sand mining, says Gopal Krishna
Sebi has asked exchanges to appoint independent auditors to conduct forensic audit of these firms for verification, including their credentials/financials.
Are we creeping back to controls on corporate decision making? Three moves over the past eight months reinforce this notion, says Kanika Datta.
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
After rows over water usage at its plants in Kerala and Uttar Pradesh, it is now the turn of its Gujarat factory.
The green panel has also asked the city government to identify the most polluted areas on Tuesday itself and sprinkle water.
Just like China wants Trump to lose the US presidential poll, it may want Modi to lose the Lok Sabha polls. So months before the 2024 elections, China may take possession of an important area, say one of the Char Dhams, warns Sanjeev Nayyar.
Rooms at this Kolkata hotel are priced between Rs 7,000-8,000 per night. Gateway is a full-service upscale hospitality brand under the Taj Group of Hotels.
The advocates are seeking withdrawal of the amended rules under the Advocates Act, that empower judges to act against errant lawyers.
Moily said several gas fields of both RIL and state-owned Oil and Natural Gas Corp were economically unviable to produce at current rate of $4.2 per million British thermal unit.
An agreement was reached in Islamabad during a meeting between Pakistan Finance Minister Ishaq Dar and Xu Ziqin, President of state-owned China Shipbuilding & Offshore International Company Limited -- the trade arm of China Shipbuilding Industry Corporation.
Bankruptcy proceedings are going at a slower pace than what the bankers had envisaged and many cases have gone beyond the 270-day timeline set under the IBC mainly because of litigation.
Businesses coming to terms with Ind-AS (Indian Accounting Standards) implementation, GST can do without further uncertainty and costs, say N Sundaresha Subramanian & Sudipto Dey.
'Though the river is cleaner than what it was five years ago, a lot more needs to be done.'
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
GST stabilisation, DTC implementation and banking reforms are crucial for sustaining high growth for a long period, says Rashesh Shah.
Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore.
Supreme Court must be less ambitious in the issues it chooses to take up, says M J Antony
The tribunal, which had concluded its hearings on two petitions from RIL on January 6 and reserved its order for an unspecified date, set February 24 for the next hearing.
Amarinder Singh dubbed Kejriwal's proposed visit to Chandigarh as another example of the Delhi CM allegedly leaving the national capital in the midst of a crisis and travelling to other places when his presence was needed the most at home.
The industry players couldn't hide their disappointment.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
'No amount of digression can hide deflect the fact that the PM's visit was badly conceived, planned and executed,' argues Ambassador M K Bhadrakumar.
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
N Sundaresha Subramanian, Karan Choudhury and Shreya Jai report on the sorry condition of homebuyers who invested in Jaypee Infratech and the Amrapali group's Noida-based projects.
'70 per cent of sewage flows untreated into the river along its entire course. Hardwar and Rishikesh remain two of our holiest cities. Then why has the government failed to do anything?' 'If Modi can do with the Ganga what he has done with the Sabarmati, that will be a major achievement.'
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
China Development Bank takes Reliance Communications to NCLT over loan default
'Make cash available now, don't put people into suffering.' 'You should not come to a situation where the operation was successful and the patient is dying.' 'What did not happen in India for several years, you cannot do in 50 days.' 'This is agony and pain.'
Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
'The attempt to build a negative narrative about India's economic performance is disingenuous.' 'For the investors as well as the targeted beneficiaries of welfare schemes, the ground reality is very different,' argues Rajiv Kumar, vice-chairman, NITI Aayog.
Workers' union to hold meeting on Monday to decide when to return to work.
Vijay Mallya left India on March 2, presumably for London.
Four Canadian ministers of Indian origin are traveling with Prime Minister Trudeau.
Verifiable 'distress-sharing' of available water may still be the way out of the Cauvery water row, says N Sathiya Moorthy.
The matter dates back to 2007, when RIL, prior to the merger of Reliance Petroleum with itself, allegedly short-sold 4.1 per cent stake in RPL to prevent a slump in the stock.
Meetings and protest marches in support of the demands of the victims marked the 29th anniversary of the Bhopal gas catastrophe here today.
Reliance Industries has accused CAG of exceeding its brief in the audit of spending on eastern offshore KG-D6 block saying hindsight is being used to question operational decisions taken 8 years back.
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