Three years after the prime minister's election promise that his government would create 10 million jobs, the emerging picture is not pretty. Employment HAS TO take on a critical status in the government's agenda, says Shyamal Majumdar.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
43 months after Modi's election promise that his government would create 10 million jobs, the reality does not paint a pretty picture, warns Shyamal Majumdar.
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
As Inter-Services Intelligence, the notorious Pakistan spy agency infamous for its clandestine support to most of the major terror attacks in India, made its maiden overt presence on Indian soil, curious citizens tried to catch a glimpse of "ISI ka Banda" (the ISI man).
Early next week, the Federal Bureau of Investigation will shut down servers associated with the DNS Changer malware.
Indian investigating agencies will finally lay their hands on an important Indian Mujahideen operative who could well be the answer to the outfit's Gulf module, reports Vicky Nanjappa.
Prime Minister Narendra Modi has "no respect" for the culture, language and people of Tamil Nadu, he alleged.
Sticky labour laws and a difficult business environment have led to employers shifting their new hiring in favour of contract labour where social security is much lesser, says Mahesh Vyas.
DDinesh Kumar Khara is someone who cares for others's ideas and suggestions.
If he takes the people along with him (which he always does); cares for the customers (80 per cent of SBI's new customers are in the 20-40 age group); and doesn't take his eyes off technology, his job is done, says Tamal Bandyopadhyay.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
'We are also seeing the birth of new evil, the new face of drug distribution where human interface has reduced; consumers are using the Dark Web to source supplies and using cryptocurrencies as payment mode.'
DOIT is a 100 per cent subsidiary of Morgan Credits in which Rana Kapoor's daughters Radha, Roshini and Raakhe, are directors. In 2018-19, the company incurred a net loss of Rs 48.76 crore on revenues of Rs 59 crore - a sharp contrast to 2017-18 when it had profits of Rs 2.7 crore on revenues of Rs 43 crore. To fund these aggressive investments into its subsidiaries in 2018-19, DOIT used debt which doubled to Rs 600 crore in 2018-19 from the previous year.
A vast majority of borrowers are in the essential services' supply chain with tiny and micro businesses, and this has sprung back.
In India, the government has given in for now by announcing sops worth Rs 1,400 crore or Rs 14 billion (Rs 600 crore or Rs 6 billion of which are speedy refunds). But the initial relief which greeted the move already seems to be fading.
A faltering economy may have led to a re-think on economic strategy. And Mr Modi might think he is politically strong enough to take some risks. But there could be a minefield ahead, observes T N Ninan.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
After showing a consistent rise in the previous 4 quarters, gross NPAs of 40 listed bank declined to Rs 10.03 trillion at the end of June 2018, from Rs 10.25 trillion in the previous quarter.
'But we are much better than what we all had expected and planned, and what all the prophets of doom had predicted.'
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay.
The Orwellian surveillance State is here. And here to stay, asserts Virendra Kapoor.
Gandhi said, "I am saying in 10 days, but I assure you it will do done within two days."
The strike call is over privatisation, mergers, and also due to write-off of corporate NPAs, criminalisation of willful default
Almost each of these companies has a different technology to show for the effectiveness against microbes.
According to the consumer affairs department, these chit funds are operating at a small level.
Thursday's Opposition-sponsored bandh did not bring Tamil Nadu to a standstill.
But Raju has not discarded his first love, real estate.
Despite the relaxation of the one-child policy in 2016, the number of live births per 1,000 people fell to a record low of 10.48 in 2019, down from 10.94 in 2018.
It has been virtually a ten-year wait that's coming to a happy end for the 47-year-old leader, who nurtured the ambition of becoming chief minister soon after his father's death in September 2009.
The idea was that despite some defaults the high rates would assure good profits.
The council decided not to levy any additional tax on small petrol and diesel cars of up to 1200 cc as well as on hybrid ones.
Corporate ministry documents show that the Siva's firm kept taking loans from public sector banks like State Bank of India, Punjab National Bank which gradually turned to bad loans.
'India is in a slowdown which most of us have not seen in our living memory.'
A flower has been named in honour the Indian prime minister.
G C Murmu rarely speaks in public and when he does, his statements are always in lockstep with the thinking within this government.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
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