While a DFI will help banks derisk their loan portfolios, creation of a bad bank will clean up their balance sheets.
Sajjid Chenoy, India economist at JP Morgan is the new part-time member.
The World Bank's executive board unanimously selected 63-year-old Malpass, who is currently Under Secretary of Treasury for International Affairs, as the bank's 13th President for a five-year term beginning April 9.
Bharti Airtel chairman Sunil Mittal has expressed hope that the government and regulators will step in to ensure the sector remains a viable place for continued investments and asserted that the industry requires "long overdue" support to maintain its current 3+1 structure. In the latest annual report of Airtel, Mittal said as the sector's role in the economy becomes more pervasive, its challenges loom larger. Issues such as unsustainable pricing and low returns in a highly capital-intensive environment, coupled with legacy legal issues, "have extracted their toll", Mittal observed.
The decision to seek the amendment was taken after the Union human resources development ministry recently disallowed the business school from going ahead with its overseas expansion plan.
On matters relating to the Diaspora, the Centre needs to call the shots, suggests Ambassador T P S Sreenivasan.
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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
Shringla visited Dhaka in March last after assuming office of the Indian Foreign Secretary in January this year.
Whether one likes it or not, services constitute the value-addition sector that the country has to build on, using its comparative advantage in infotech and related skills, suggests T N Ninan.
Overseas education consultant NNS Chandra shares advice on entrance examinations, admission procedures at international universities.
Of the 200 to 250 students who enroll in a graduate language course at Doon University annually, nearly all are assured placement in a range of companies like Amazon (France), AXA Insurance, Oracle and Capgemini.
'It is sad that Kerala had so many Covid patients which is primarily due to the mismanagement of the Left government.' 'The technical committee was full of CPI-M leaders who happen to have medical degrees with no experience in public health.' 'They were advising the CM and we are paying for those mistakes.'
Trump had accused Pakistan of providing safe havens to terrorists.
RBI Governor Shaktikanta Das and Finance Secretary Subhash Chandra Garg are also expected to attend the meetings.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
The turmoil in the global financial markets has cast its shadow on India's largest real estate deal. Delhi-based developer BPTP Ltd, which was banking on overseas institutions to fund the acquisition of 94 acres of prime land at Noida for Rs 5,006 crore, has sought an extension to pay the first instalment of the money.
There should be more scholarships to Indian students, Murthy said.
India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
Australia will ask India to crack down on unscrupulous education agents in India who give misleading information to students willing to pursue studies in the private institutes Down Under.
Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms
'We have been bold and innovative on recognition in the past and we do not need to rush,' advises Ambassador T P Sreenivasan.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'I don't think anybody would want to be in my position today where every head of State has to be explained that I am prioritising my country because there is a surge in cases.'
'I think if you can't shine the ball, that takes away swing bowling, that takes away reverse swing bowling and I just don't want to give batsmen another reason to score runs'
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
Poor land-use planning, indiscriminate approvals of building plans and the absence of disaster-risk assessment in urban design have resulted in what experts term concentrated concretization, predisposing cities to disaster risks
Corporate India is not bothered about the subprime crisis. I have not seen any large business house walk away from a deal on account of lack of funding.
Making a strong pitch for greater connectivity with the diaspora youth, Overseas Indian Affairs Minister Vayalar Ravi on Tuesday said partnerships between young Indians in the country and those residing overseas in industry and social sectors would create jobs and bring prosperity.
There are six kinds of wine drinkers, reveals Alok Chandra.
'Having dedicated my life towards improving breast healthcare in my motherland. I shall continue to work with rock-solid determination following this "chosen" path.'
The report ranks 42 major cities of the world across six key measures of economy, research and development, culture, accessibility, environment and livability
Enabling labour to become more globally mobile can produce higher remittances with powerful 'brain gain' dividends.
Less than a month after five financial institutions sold 20 per cent in the National Stock Exchange, a consortium of five stakeholders led by State Bank of India are looking to sell an 11 per cent stake in the exchange.
India needs to come up with new ideas to make the Pravasi Bharatiya Divas more appealing to overseas Indians. The Diasporas talents should be used for the country's development, says Thomas Abraham, founder of the Global Organisation of People of Indian Origin
Do you agree with the government? Or should IIMs be allowed to go overseas? Do you think India needs IIMs? Tell us.
Sanjay Kumar Singh suggests key factors investors need to keep an eye on while choosing the direct investment route.
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