Despite the Indian government's recent efforts anecdotal evidence indicates that there has been little change in the extortionist behaviour of a significant proportion of tax and police officials, says Jaimini Bhagwati.
Manik Nangia, Director and Chief Digital Officer, Max Life Insurance emphasises the importance of child insurance plan.
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
The rupee closed at Rs 66.21 in its last trading session.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
Mr Modi must stop talking, and start writing
All evidence suggests that the US Federal Reserve will raise interest rates soon.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
Parekh said divestment can unlock huge funds.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
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Prime Minister's key economic advisor C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures, including further liberalisation of FDI norms to improve economic condition.
'The BJP has no presence where the regional parties are strong.' 'And we should think of the Congress and support the Congress in those places where it is the dominant regional party.' 'The leaders of the other parties (have to) get together on this simple principle of one candidate against the BJP candidate.'
What will be the impact on the Euro itself? Will it devalue and to what extent?
'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
Arun Jaitley had a tough fiscal hill to climb.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
'Being authoritative is one thing -- Nehru was that -- but being authoritarian is quite another -- the current prime minister is clearly one.'
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
"We are seeing the feel-good factor is back. It's only a matter of time before the entire economic engine starts working seamlessly," says Motilal Oswal.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Aditya Puri thinks the government is on track.
'Demonetisation, is in principal, a mistake, because it involves a theft -- a taking of private property by the State.' 'It is one of those bad Indian ideas that has been tried twice in the past, with two failures for the record books.' 'This cloud over the economy will probably remain as long as Modi is in power.'
Pulbic banks have no reason to cheer Budget announcement.
Higher provisioning drags net profit down by 7.8 per cent.
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
Governor Rajan can be more unambiguously pro-growth.
'To bring about a paradigm shift in farmers's income, we need to change our approach to agriculture, and transit from the narrow prism of cultivation to a full-fledged enterprise, by building all associated supply chain linkages.' 'This alone will make the farmer an entrepreneur in his own right.'
SBI remains a favourite of most brokerages in the PSB segment.
There is a link between objectives and commitments.
Private consumption is looking up and will get better as the full effect of the good monsoon is felt on rural income, and the effect of the payout from the Seventh Pay Commission is felt on urban income, say Anis Chakravarty & Rishi Shah.
'There are many cases where a company hits the wall because of reasons not under their control.' 'If you do not understand and appreciate that and paint all promoters with the same brush then definitely you are inviting trouble.'
For the CBI, crimes are likely to become more innovative, complex, driven increasingly by technology and transcending geographical boundaries, says Anil Kumar Sinha.
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