'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
The polls are being viewed as a run-up to the general elections scheduled for May 2019 and will test the popularity of the government and its policies amid rising crude oil prices
The biggest spend (Rs 4,406 crore) was for Schedule VII (II), which involves "promoting education, including special education and employment enhancing vocation skills, especially among children, women, elderly and the differently abled and livelihood enhancement projects". The FY19 spend was 17.2 per cent higher than Rs 1,0128.3 crore spent during the previous year.
People spent a sleepless night as a series of aftershocks shook Assam after a strong 6.4 magnitude earthquake caused extensive damage to buildings.
State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
The country has a long way to go before it claims to have arrived, he said.
With a sole mandate of inflation targeting, RBI wears many hats.
The intention is to have a model with a single-clearing house.
The torrential rain that took place between September 27 and 30 has created a flood-like situation in 15 districts of the state, including the state capital.
UTI's legacy and brand recognition, together with a robust distribution network and access to public sector money, could work in its favour, and help it command a premium
Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
The makers of 3 Idiots may be smiling their way to the banks with box-office records in Bollywood, but the National Innovation Foundation awaits funds promised by Vidhu Vinod Chopra, the film's producer. NIF sourced the innovations for the film.
When big offers hit the market, broader indices corrected 2-4%
This survey also shows how things have moved forward since the last large-scale sample survey conducted by NSSO in 2012-13
Long-term funding was a requirement for infrastructure projects, and asset-liability mismatch in the banking system, impacts the access to finance for infrastructure projects. One of the key challenges would, however, be to get private sector back into investing.
Now that you have already downloaded mobile wallets and all set to go cashless/digital with your payments to the local grocer, cabbie, maid, etc, here's what you must watch out for, says Tripti Rai.
Will it trigger a social and management revolution as well, asks Ajit Balakrishnan.
Gautam Adani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being the fourth richest Indian. Hinduja Brothers and HCL's Shiv Nadar were ranked 2nd and 3rd. Wipro's Azim Premji slipped two places to fifth place.
It would be a good idea to create independent oversight committees for each regulatory institution and indeed, even for their appellate bodies, says A K Bhattacharya.
'It will take a long time for people's memory to be misled by a prime minister who is so arrogant and who refuses to acknowledge his own faults.'
The move will to a large extent speed up the monetary transmission process--which is banks passing on the rate cuts that the Reserve Bank announces to their borrowers without much delays--something that has been missing all these while and something that the RBI has been unhappy with.
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.
'Long-term retail investors should not worry about these sharp dips and jumps if they have chosen their stocks wisely.' 'Short-term volatility is a given and a rise and fall of two-three per cent should not worry them.'
There is a lot of optimism across all markets and a large part of it is justified, says Samir Arora of Helios Capital Management.
Raghuram Rajan optimistic about passage of GST
The regulations will only apply to the share purchases that have been done after October 1, 2004
Officials said the government had no option but to cut spending.
The year gone by has also forced all airlines to turn the lens sharply on their own costs, workings and internal dynamics, opening their eyes to their vulnerabilities. Fewer, leaner, nimbler players will emerge from the carnage.
'It shows that they cannot manage the situation with the forces in their hand.'
Experts said the 20 per cent drop in the market poses a challenge for companies that have set the ball rolling on their IPO plans as valuations will now have to realign. This could entail more dilution or lowering of the issue size.
Fifty-six months on, the government's record in implementing these schemes and projects has been mixed, report Arup Roychoudhury and Indivjal Dhasmana.
She was born in Farrukhabad and went to the US to pursue her master's degree and a Ph.D.
'No Budget has so far has addressed the issue of the government's abysmal productivity of capital spending, improving which will be the big game changer. 'But, the government's tight lock on businesses, banks, education, and even essential services like transportation and large parts of infrastructure and healthcare is destroying capital year after year,' points out Debashis Basu.
'Is baar vote jati par nahi, kaam par milega.'
AP Moller-Maersk, one of the affected entities globally, operates the Gateway Terminals India at JNPT.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
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