If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
The country's per capita income is likely to grow by close to 70 per cent to $4,000 by fiscal 2030 from $2,450 in fiscal 2023, helping it become a middle-income economy with $6-trillion GDP, more than half of which will be coming in from household consumption, says a research report. Per capita income/GDP has risen from $460 in fiscal 2001 to $1,413 in fiscal 2011 and further to $2,150 in fiscal 2021. The biggest growth driver will be external trade which may nearly double to $2.1 trillion by 2030 from $1.2 trillion in fiscal 2023 when the GDP printed in at $3.5 trillion, Standard Chartered Bank said in a weekend report which assumes a 10 per cent nominal GDP growth annually from now on.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
"The US crisis should make the government rethink on its proposed road map, to be implemented from March 2009, which envisages conferring voting rights on foreign investors in Indian banks," BJP spokesperson Ravi Shankar Prasad said. Asking the government to insulate the economy from the fallout of the US crisis, Prasad said manufacturing in India was already showing signs of distress.
While the first three parts of the operation, codenamed 'Red Spider', dealt with Indian banks (both private and state-run), the fourth part targeted a couple of foreign banks.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
India's services sector growth eased to a three-month low in June but service providers continued to signal positive demand trends, which resulted in a stronger increase in new business volumes and further job creation, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell from 61.2 in May to 58.5 in June. Despite falling from May, the latest figure was consistent with a sharp pace of growth.
Chidambaram will look at recovery issues with state govts, pending projects, and flow of credit to micro & small enterprises, weaker sections and minority community.
Both prime ministers believed in crafting schemes to help the common man. Modi used quite effectively the instruments Dr Singh introduced. In assessing Modi's success with many schemes, Dr Singh's fundamental work should not be ignored, points out A K Bhattacharya.
It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.
Progress on several parameters creates a tipping point situation.
India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.
Ultimately quotas kill talent and true meritocracy, argues R Jagannathan.
Foreign portfolio investors (FPIs) turned net buyers in October after being net sellers in the previous month. In October, FPIs bought shares worth nearly Rs 8,430 crore ($1 billion) against net selling of Rs 13,405 crore ($1.6 billion) in September. Positive flows during three of the previous four months have pushed the domestic markets towards fresh all-time highs. At present, the Sensex and Nifty are less than 2 per cent shy of breaching record highs logged in October 2021. A rally in equity markets in the US and Europe is in hopes that the Federal Reserve may go soft on rate hikes after its November meeting.
For India's leading MFI-turned bank, the challenge is to stay competitive while pricing its loans
Securities held in custody accounts reached a new high.
In a post on X, Modi said, "Happy to have welcomed @POTUS @JoeBiden to 7, Lok Kalyan Marg. Our meeting was very productive."
Will a caste census make tens of millions desert Mr Modi?, asks Shekhar Gupta.
The batch of five experts will also play a role as interpreters between India and China sides during border personnel meetings, sources said.
The court on September 3 asked the SIT to submit its fresh report.
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
World Bank report on Thursday called for initiatives at the policy and institutional level to tap the economic potential it offers.
Since the bankcuptcy law came into effect from December 2016, with every quarter, the recovery rate has progressively been going down, notes Tamal Bandyopadhyay.
The government had projected the GDP growth to be at 8.5%.
According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, India, Pakistan and Bangladesh.
For returning to trend growth of over eight per cent GDP growth and sustained low inflation of four per cent, removal of supply-side constraints and investor-friendly policy reforms are key, says Rajesh Cheruvu, Chief Investment Officer, India, RBS.
... And what explains the directions of change? asks Ajit Balakrishnan.
Prime Minister Narendra Modi offered prayers at the famous Kedarnath temple in Uttarakhand's Rudraprayag district on Friday.
'But he was very quick and did a very stylish adab.' 'Of course, I didn't expect him to hug.'
The Enforcement Directorate (ED) is expected to press money laundering charges against its two officers and some private individuals who were recently booked by the CBI in a bribery case linked to an accused arrested in the alleged Delhi liquor policy scam, official sources said Tuesday.
The meeting will be attended by all heads and EDs of public sector banks
The Delhi government will set up special camps for those who lost their Aadhaar cards and other important documents, and make arrangements for books and clothes for the affected children, Chief Minister Arvind Kejriwal announced on Sunday.
This could become tricky territory for India, given its basically adversarial relationship with China, its moves to block imports and investment from that country, and to deny market access for Chinese technologies, observes T N Ninan.
Reversing the burden of evidence means that the principle of innocent until proven guilty does not apply. It is exactly the opposite: Guilty as charged, until you can convince the judges of the contrary, points out Shekhar Gupta.
Son's offer to supply free power after 25 years is based on the idea that the cost of running a solar plant would progressively decline while its efficiency would increase.
The banks argue since the scale of credits is unforeseen, they will have to bear an unknown cost of servicing these accounts.
CPI inflation slowed to 9.39% in April compared with 10.39% in March.
'Hacking of an ID or an account will have the same impact on a user in a city and one in a small town.' 'Security is like a railroad, you create it to last for every customer.'
Praggnanandhaa, who has reached the summit clash featuring legendary five-time world champion Magnus Carlsen, had none other than the iconic Gary Kasparov, acknowledging the Indian GM's mother's role
