Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
For the fifth time since its inception in 1982, the Siena College Research Institute has released a survey of expert opinions on US presidents. And George W Bush, ranking 39th out of 44 presidents, is a new inclusion to the list's dreaded 'Bottom Five' of worst presidents ever. He scored particularly poorly with the 238 historians in 1) handling the economy, 2) communication, 3) ability to compromise, 4) foreign policy accomplishments and 5) intelligence.
'With the June quarter GDP shrinking by nearly a quarter, there is an even greater economic imperative: Reduction of uncertainty,' observes Neelkanth Mishra.
Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.
The experts said there is a need to relook at the testing strategy in a way that it results in guiding the public health response and effectively limiting the spread of the disease.
The broader NSE Nifty rose nearly 124 points to settle just below the psychological 11,000 level.
The Centre on Saturday strongly advised 12 states and Union Territories reporting a surge in coronavirus cases to significantly increase testing and ensure people follow COVID-appropriate behaviour, noting that one infected person could spread infection to an average of 406 individuals in a 30-day window without restrictions.
Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.
Unemployment rate in US soared to a 26-year high of 9.8 per cent in September as 263,000 jobs were lost last month.
No government can 'ignore inclusiveness in a democracy', Montek Singh Ahluwalia tells Anjuli Bhargava.
Experts warn of over-interpreting the numbers and said their sustainability needed to be watched beyond November, says Indivjal Dhasmana.
As President Biden moves ahead with a new 'strategic concept' for China and Russia, the going is bound to get rough for the US and its G7 partners, notes Ambassador T P Sreenivasan.
The Centre has asked states and union territories witnessing surge in new COVID-19 cases and high active caseload to continue with the strategy of 'test, track and treat' that had yielded rich dividends at the height of the pandemic and accelerate vaccination for priority population groups in districts reporting higher infections on mission mode.
Prime Minister Manmohan Singh on Wednesday expressed optimism that the country would be able to sustain four per cent growth rate in the farm sector achieved during the past three years.
Indian hockey chief coach Rajinder Singh on India's chances at the elite six-nation tournament.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
US Secretary of State Antony Blinken was asked by US Congressmen if the US had explore the possibility of northwest India for counter terrorism capabilities in Afghanistan. Blinken's remarks on India assume great importance, observes Ambassador M K Bhadrakumar
Patel urges government to rein in borrowings, inflation
'The government wants farmers to diversify from rice and wheat, and create another green revolution. Cannabis can play a big part in that'
'States have done a tremendous job of identifying health facilities for COVID-19 care and equipping them well.'
Employees in India were more optimistic about the future of their national economy.
'A buoyant market economy is one which is led by the innovation and imagination of private persons,' notes Ajay Shah.
With all the brouhaha over GST, and (often) a limited understanding of the long-term forces shaping India's logistics sector, companies seem to have omitted factoring in some underlying trends that could shape supply chain excellence, says Neelesh Mundra.
The top line growth for the 500 companies slowed down to 8.7 per cent.
Underlining that years of economic stagnation have given way to a "roaring geyser of opportunity", Trump said, "I knew that if we unleashed the potential of our people, cut taxes, slashed regulation, fixed broken trade deals and fully tapped American energy that prosperity would come thundering back ... and that is exactly what happened."
'The coronavirus epidemic highlights the need to start thinking more actively about multilateral coordination, including, but not confined to, health emergencies and climate uncertainties,' says Rathin Roy.
Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.
Diversion of funds towards the surging equity weighed on the precious metal's price
'Modi must keep his members in check or risk losing domestic and global credibility,' Moody's warned.
It is imperative to check the basics of a company before investing in it
The momentous occasion came when the House of Representatives passed the $1.5 trillion (Rs 96 lakh crore) tax reform bill for the second time by 224 to 201 votes to clear the technical snag in the passage of the bill, which was passed by the Senate and House earlier.
With the negative impact of demonetisation waning and the implementation of the GST, 80% of the CEOs surveyed said they were planning to hire more people in 2018
When Bureau of Energy Efficiency certifies that an AC is star-rated, it does this based on the manufacturer's self or third party efficiency report, points out Sunita Narain.
Companies like Amazon Prime Video are also temporarily lowering bit rates -- a measure of how much data is being transferred -- to ease pressure on telecom network infrastructure.
Investigators call for civilian photos of weather in Kobe Bryant helicopter wreck
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
Some experts argue that India's new growth figures are due to the revised calculation of GDP, which was launched in January
'It will only get worse, definitely, for the next month and one-and-a-half months.'
'The people of India have not only challenged the ruling dispensation with the constitution, they have also opened the eyes of the leadership that sits in the Opposition.'
Nadella said he is surprised by the number of government bodies that have adopted Microsoft's cloud services
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