'No one seems to have looked at the extent of money that is being borrowed by individuals, and the rising levels of household debt.' 'At their present rates of growth, personal loans in India could well become the largest category of bank credit in just two or three years,' cautions T N Ninan.
Tamil Nadu's finances most stressed, with gross fiscal deficit estimated at Rs 31,830 crore.
The states have outstanding liabilities of a whopping Rs 59,89,360 crore as on March 31, 2021, and the new sources of risk have emerged in the form of rising expenditure on non-merit freebies, the Supreme Court was told on Thursday by a PIL petitioner opposing irrational handouts.
This is despite the private sector companies outperforming their public sector counterparts, reports Sachin P Mampatta.
Allowing it to lapse leaves you unprotected and can, in some cases, cause loss of premiums paid, experts tell Sanjay Kumar Singh.
'I am sure Dr Patra will get the fullest cooperation from the finance minister who needs workhorses, not prima donnas constantly looking to improve their CVs,' says T C A Srinivasa-Raghavan.
'We are probably working with flawed data on household finance.'
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
Sanjay Kumar Singh tells you what to watch out for when buying insurance and investing in MFs online.
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