Even if Mudra steps in to play its main role of refinancing at some stage, the responsibility for the bad loans remains with the banks.
Terming the state "pride" of the country, Modi said it is the gateway of the nation as it guards the frontier. It is the duty of the government to develop the state at any cost, he said.
D K Sarraf replaces Vasudeva, who turned 60 on Tuesday and is due to superannuate on Friday.
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).
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
Annabel Mehta, Sachin Tendulkar's mother-in-law, has dedicated her life to working with the Beautiful People of the other half of Mumbai without whom the city would neither exist nor thrive. Vaihayasi Pande Daniel met the amazing lady who was awarded the Member of the Order of the British Empire for her service to underprivileged communities.
'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.'
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.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
Education sector has reasosn to cheer Budget.
The consolidated entity can target good growth FY18 onwards, analysts say.
Adhil Shetty, CEO, BankBazaar.com shares his thoughts on what could help make digitisation and going cashless easier in the New Year.
RBI has taken a balanced approach in the credit policy considering various developments across the globe and their near term impact.
One popular strategy is to hire contract workers.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
Overseas education consultant NNS Chandra offers advice on how to pick the right international career for you.
Brand Factory clocked in Rs 1,045 crores worth of sales in FY17, accounting for 27 per cent of the total revenues earned by Future Lifestyle Fashions Retail. But what about the future?
In an online chat with readers, NNS Chandra offers career advice.
Anurag Singal, founder of cajobportal, a job site that caters exclusively to CAs and commerce graduates tells us how he aims to skill and enable satisfactory employment to aspiring professionals.
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.
What work in Jaipur's favour are lower costs, a good talent pool, better quality of life, and proximity to the Delhi National Capital Region
'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.'
One can expect significant changes at India's banks in ensuing months.
'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.'
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
'It can't be a coincidence that he and his family, uncles and all, vanished from India only days before the scam was discovered.'
KV Kamath has had a tough journey so far.
Once again, tax demands on foreign investors cause worry.
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."
'If you destroy the assets in Pathankot, you degrade the combat potential of India; you degrade the war potential of India.'
'Maybe, if Mr Modi can fire over Patel's gigantic shoulder, people will start to think that he is very much like Patel?' 'It's a long shot, but the Modi sheen has worn awfully thin, and after five years and a long, much-frayed rope, he faces real accountability from voters.' 'He needs any help he can get,' says Mitali Saran.
The BJP is banking on development. The opposition is raking up caste identities and the dangers of hyper nationalism.
'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.'
E-vyapar.com to help small businesses manage inventory & accounts online.
Physical security for women, the first step towards getting them into factories and offices, is all but absent in most Indian cities, notes Kanika Datta.
The indirect tax reform Goods and Services Tax is stuck in the Rajya Sabha.
.jpg)
A stumbling economy, a falling currency and high inflation, plus weak consumer demand, mean more and more become excess baggage.
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.
