'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
The bigger worry is that the miss for FY19 is likely to be significant even after assuming macro factors such as crude oil prices, rupee, input costs, and interest rates, do not worsen from the current levels, reports Vishal Chhabria.
'How can middlemen disappear as long as our political parties are sucking in massive amounts of black money?' 'There is an old political art well practised in New Delhi -- people create artificial problems and then solve it for you to earn your gratitude for a lifetime.'
'If you destroy the assets in Pathankot, you degrade the combat potential of India; you degrade the war potential of India.'
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
This time, RBI can cut rates to reflect the improved fundamentals and to further shrink the arbitrage window.
The awarding of in-principle licences for 10 small finance banks is likely to be a game changer in a way which may not be adequately realised right now.
IndiGo is arguably more a financial services company than airline.
'As far as Kashmir is concerned, a 'solution' was very much in play, and had brought endemic violence across the Jammu and Kashmir regions very much under control before the disruptive adventurism of the present regime resulted in a limited and localised escalation.'
Adhil Shetty, CEO, BankBazaar.com shares his thoughts on what could help make digitisation and going cashless easier in the New Year.
While Iraq and Afghanistan top the Global Terrorism Index 2014 as the most terror-affected nations, India has been ranked number six.
Pahal looks to cut down diversion and eliminate duplicate.
Tirole's insights show how real-world incentives are complicated, and contracts can be difficult to write and enforce.
Credit card loans and personal loans are two prime examples of unsecured loans that must always be avoided.
It is not clear as to whether we are in a bubble in technology stocks. What is clear, however, is that there is no reason why this potential bubble will pop anytime soon, notes Akash Prakash.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
The RBI expects change, presumably commencing in the next Budget, but must hold its current view until this actually happens.
Johnson Controls-Hitachi, Voltas, Blue Star, Whirlpool recently recorded new 52-week highs but still haven't lost their steam
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."
Hard and unpopular decisions are needed - not just another round of financial repackaging to sort out the discom mess.
The consolidated entity can target good growth FY18 onwards, analysts say.
India's economy grew at a two-year high of 5.7 per cent in the first quarter of this financial year, after a below-five per cent growth in 2012-13 and 2013-14.
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
Without naming either the alleged kingpin of the fraud, billionaire jeweller Nirav Modi, or Punjab National Bank, Jaitley questioned the ethics of some businesses in the country and asked as to why the bank's internal and external auditors could not detect the fraud which had been going on for 7 long years.
Farm loan waivers should not be regarded as expenditure but as incentive and investment, argues B S Raghavan, the distinguished civil servant.
'Although strong arm tactics do cause inconvenience, they have not been able to stop us from carrying out our campaigns.' 'Allegations about being 'anti-development' mean very little when people in the country are still going hungry.' Greenpeace India chief Ravi Chellam on the challenges ahead.
'It can't be a coincidence that he and his family, uncles and all, vanished from India only days before the scam was discovered.'
'If 99.99 per cent of these micro borrowers are good at repaying their loans, why can't we look at the SMEs and MSMEs and replicate the same model for them with our stringent risk management system,' Chandra Shekhar Ghosh, chairman and managing director of India's newest private sector bank, tells Prasanna D Zore/Rediff.com.
'We have integrated start-up space created in almost all the 14 district headquarters of the state.'
'They have incubation facilities providing entrepreneurs common facilities like shared software, legal support, fab labs, hardware, manufacturing facilities and services like chartered accounting facilities, etc, enabling the start-ups to concentrate on technology R&D and product development.'
'In this moment, many women are incandescent with anger at the injustice of it all, and are done with being patient. They want to breathe.' 'They've decided to set fire to this toxic oxygen, and to make it as uncomfortable for men as it is for women,' says Mitali Saran.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
Delays in returning money for disputed transactions have also come under RBI's scanner.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Sales expansion also down 4.4%
Are we creeping back to controls on corporate decision making? Three moves over the past eight months reinforce this notion, says Kanika Datta.
Lower IT exports will raise India's dependence on capital flows to fund imports.
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
One can expect significant changes at India's banks in ensuing months.
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
