The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
The once-powerful Japanese major is left with little to show in the face of sustained competition from rivals.
Modi government has to come up with a robust economic agenda to impress the masses.
'If you destroy the assets in Pathankot, you degrade the combat potential of India; you degrade the war potential of India.'
Kidney scouts roam around the labour markets in the poorest districts of Bihar, West Bengal, Uttar Pradesh, Tamil Nadu and Delhi in search of potential donors.
The fragmentation of politics and the pressures of coalition management have contributed to a near-secular rise in budgetary social expenditures and spending on subsidies since 1991, leaving little fiscal space for government-led capital investment.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Indian economy about to take-off
Any attempt to defang Islamic State must first cut off its main sources of funding, especially its revenue from oil sales, extortion and crime, ransom payments, and support from foreign donors. This will also be need to be backed up by efficient forces on the ground.
'The BJP has latched on to the idea of nationalism, but the nationalism they advocate is not nationalism as we have understood it since the time of the freedom movement.' 'This is not secular nationalism, it is Hindu nationalism.' 'It is a form of nationalism that is exclusionary and it tends to conflate national interest with the government.' 'So, if you disagree with the government, for example, on surgical strikes or demonetisation, you are anti-national or holder of black money.'
Indian CEOs might like to make some serious course correction.
'Modi is likely to make more announcements to win or retain popularity, and put himself at the centre of things even more than now,' says T N Ninan.
The government has provided a long-term vision.
Modi government needs to focus more.
'We are rushing to 'develop' without carefully valuing natural areas.' 'With careful land use planning and scientific zonation at least 5 to 10 per cent of the country's land can be secured for tigers and other such species, and another 5 to 15 per cent kept under low-impact uses to support biodiversity that can coexist with human uses.'
Parth Gupta quit a good corporate job to work for the welfare of farmers in rural Madhya Pradesh.
After a 25-year stint at ICICI Bank, Mor suddenly quit as he wanted to add more value in the bigger areas of health care and financial inclusion.
There are many collateral advantages of taking the tough decision.
'Through the use of technology, the GSTN will tip the balance in favour of compliance rather than tax evasion, lowering the barriers for entry into the tax payment system while making it much harder to cheat on payments,' says Nandan Nilekani.
Compared to their Indian peers, MNCs have higher return ratios.
Special Economic Zones are likely to be central to realising Prime Minister Narendra Modi's ambitious Make in India agenda.
To redevelop cities as 'smart', investment of at least $10 billion is required. For 100 cities, it works out to $1 trillion
'You are beginning your professional life in a time of global turmoil, when economic systems and the earth's eco-systems are in deep crisis.' 'Societies across the world are struggling with the complexity of technological and social change happening at a speed that our species has never experienced before.' 'May you be more excited than frightened by the times we live in.' 'Precisely because the crises are so deep, there are also unprecedented opportunities for pioneering and brave work that can transform society, culture and economy to create a much better world for your children.'
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
'There is tension between the zones all the time.'
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
'If standing in a bank or ATM line is a test of patriotism, why is not a single leader standing in that queue too?'
Raamdeo Agrawal says, an investor should figure out if the company actually makes money or not, making an investment comes later.
"A Meryl Streep or Jimmy Kimmel can speak their mind, and stay assured that they won't be harmed. That does not happen in India," say Manavi Kapur & Ranjita Ganesan.
'You may show at the end of December how much money has come into the system, but none would be the wiser because most of see only what we want to see and believe.' 'Some of us will see through it and you will make your proxies call us enemies of the State.' 'I was somewhat with you till here. But we diverge from here on until you can do something which will veer through my cynicism brought about by your policy,' says Harsh N Gokhale.
India Inc has few leaders who are likely to grab headlines in 2015.
Mohandas Pai took part in an hour-long chat on rediff.com
Online shopping is becoming an obsession, a distraction and a cause of distress for a rising number of Indians. Are you a Compulsive Online Purchaser?
'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.'
'What should worry India and which needs to be expressed is Russia's simultaneous proximity to both China and Pakistan from a strategic angle. That hasn't happened ever before,' says Lieutenant General Syed Ata Hasnain (retd).
Since many of Modi's urban policies were initiated in Ahmedabad, the city may act as a template to examine what can be expected in a country that is witnessing the biggest migration from rural to urban areas in the world
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
With nearly a million identified slums, UP urgently requires housing for the poor
The population in Gaza has, for almost a decade, been facing Israel-created 'blockage' from the rest of the world. The isolation has given rise to tunnel phenomenon, an underground route for the procurement of essentials, says Ajey Lele
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