While chits and the formal financial sector are not 'largely substitutable', users like the commitment to savings that these enforce and the flexibility in borrowing, reports N Sundaresha Subramanian from New Delhi.
The prime minister seems to have turned his face away from the business of introducing serious reform, says T N Ninan.
Make in India has few advantages and some disadvatnages too.
While it took the Congress nearly a half century to earn the hatred of other political outfits, the BJP appears set to reach there in around six years, says Arun Bhatnagar, former secretary to the GoI.
The Bharatiya Janata Party on Tuesday alleged that Congress and Aam Admi Party were collaborating to form government in a "self- serving" exercise with "dishonourable" motive, as the Congress wanted a breather and feared another electoral humiliation while the AAP was keen to prevent its members of Legislative Assembly from being "scattered".
In the near term, the key driver will still be the government's fiscal spending.
The clean-up process begun by the Reserve Bank of India runs the risk of spiralling out of control.
PM Modi, BJP president J P Nadda, Congress leader Rahul Gandhi and Delhi Chief Minister Arvind Kejriwal have all expressed grief over the incident.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
His father is a former finance minister. His brother is a minister in the Modi government. But Sumant Sinha wants nothing to do with politics and tells Shreya Jai why he is bullish on the renewable energy sector.
Anti-CAB protests intensify in Guwahati even as the PM appealed for calm, assuring the people of the state that the govt will protect their interests.
'His contributions in setting up transparent precedents of governance are still basically intact despite the cynicism of several of his successors,' notes Jamini Bhagwati.
Shehla doesn't and has never shied away from talking the tough talk and walking the tough walk, says Gurmehar Kaur.
'At this point, neither the army or the IAF has that immediate, punitive deterrent power against Pakistan.' 'Forget a three-week war; on the LoC, where the action is, Pakistan has until now fielded better infantry weapons, body armour, sniper rifles, and matching artillery' points out Shekhar Gupta.
He had come in search of jobs in America to rescue his presidency and India failed him in more ways than one, observes Ambassador T P Sreenivasan.
He is among the contenders for the top job in the event the BJP gets fewer seats in 2019. That may have something to do with him picking up the cudgels for Sushma Swaraj when many in the party kept mum, says Aditi Phadnis.
'If JNU students are anti-national, why do we send in the police? Why not send in intellectuals like M V Kamath to have a debate and discussion?'
In Delhi, the poor are pitted against the middle class, with the former led by Arvind Kejriwal and the latter by Prime Minister Narendra Modi.
Make in India right now is just a slogan. The policy content is missing or not clearly articulated. The lion with cogs and wheels must now show some majestic movement forward, says Rahul Khullar.
'The mood in Beijing is already nervous and feverously watchful.' 'Developments in China will be scrutinised as intensely and nervously as the ones in Washington,' says Claude Smadja.
Though India has been one of the best-performing markets in the last two months, it has lagged some of its emerging market peers such as the Philippines, Thailand and South Africa.
Congress insists on sending legislation to select committee, says will support it in winter session.
Even US equities are now back to end-2014 levels.
Who will make the most of the disruptions of 2016 this year? Mihir Sharma's list of probables.
Articulate segments of Muzaffarpur have been at the the forefront of all anti-establishment mobilisation, which makes their silence over the atrocities in a shelter home in the town puzzling. Could it be that if those accused of horrific crimes belong to dominant castes and if the victims belong to the vulnerable groups, then the middle classes become mute, asks Mohammad Sajjad.
'If you invest your entire capital in talks, you cannot abruptly change gear and decide on war.'
'The Modi government's lurch toward America has not brought it any dividends so far. The Western world is simply not in a position to make big investments in India... India needs to take a leap of faith vis-a-vis China.'
Smart cities must be very well equipped with technology and security systems alike.
'Attempts at long-term rapprochement have been rather feeble from both sides. The primary cause of the lack of progress is that these efforts do not appear to have the support of the Pakistan army,' says Brigadier Gurmeet Kanwal (retd).
The Union Health ministry put the number of positive cases at 82, eight more since Thursday night, which includes the woman and a 76-year-old man from Karnataka who became the country's first coronavirus fatality besides 17 foreign nationals, Health Ministry officials said.
'Usually, the Left backed the Congress and other 'secular' parties on the justification of keeping the BJP out. In Bengal, the alliance targets a truly secular rival,' says Shekhar Gupta.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
The tunnel, bypassing snow-bound upper reaches, will reduce the journey time by two hours and provide a safe, all-weather route to commuters travelling from Jammu and Udhampur to Ramban, Banihal and Srinagar.
Right from conducting nuclear deterrence patrols in 2015 to its destructive space programme, from its back-tracking on economic commitments to its hardened positions on Sino-India border deal -- its approach with India spells Adversarial with a capital A, says Shehzad Poonawalla
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
'When it comes to India-Pakistan relations, seminal moments of progress invariably bring out saboteurs of peace -- whether we're talking about fresh provocations along the LoC, or even a terror attack in India.'
Manish Sabharwal is chairman of TeamLease, which has helped hire 1.4 million sales and customer service reps and logistics employees such as couriers for companies across India since it was founded in 2002.
Experts believe the market will fall between 1 and 3%.
'Ladakh is a tiny salami-slice issue.' 'The big one for China is Arunachal Pradesh, more than 83,000 sq km.' 'Do they imagine they can grab any of this by force?' 'In the 21st century, nursing those thoughts only means you need to get your heads examined.' 'It isn't going to happen,' declares Shekhar Gupta.
