'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
Maruti, Honda and Tata Motors posted highest sales growth during the month
'If credit is not available, people will postpone buying. That's what has happened.'
'Breaking down silos and ensuring a more integrated governance process is just as important to performance.' 'It has been a major priority in the last six years, especially in national security,' External Affairs Minister Dr Subrahmanyam Jaishankar points out when delivering the Sardar Patel Memorial Lecture-2020: India and the Post-Covid World.
Reliance Industries Ltd is expected to invest Rs 30,000 crore (Rs 300 billion), of the total Rs 70,000 crore (Rs 700 billion) announced, in its telecom arm Reliance Jio Infocomm over the next two years, credit rating firm Moody's said on Monday. The investment in the telecom business is a credit negative for RIL because RJio will not generate any EBITDA (an indicator of cash flows) for at least next 12 months, it said. Moody's added however that RJio will be a formidable competitor in the sector making it a credit negative for top telecom operators already in the field. "Based on RIL's March 2014 annual report, we estimate that it has already invested about Rs 400 billion (Rs 40,000 crore) in Reliance Jio, and we expect RIL to invest the next Rs 300 billion in Reliance Jio over the next two years," Moody's Investors Service said in a statement. RIL recently announced that it will launch commercial 4G telecom service of RJio in 2015 entailing investment of Rs 70,000 crore. RIL has said that RJio will initially cover about 5,000 towns and cities accounting for over 90 per cent of urban India, as well as over 215,000 villages in India and the target is to expand this to over 600,000 villages. Moody's said RJio will be a "formidable competitor in India's telecom sector" as it will enter the business with financial muscle. RJio's entry into highly competitive telecom sector is also credit negative for incumbent mobile operators and market leaders Bharti Airtel and Vodafone India because "it will undoubtedly result in intensified competition that will lead to declines in average revenue per user and margins". But, it also said that strong spectrum holding of incumbents; existing large subscriber-bases and well- established brand equity; offering 2G and 3G services (apart from 4G services being launched) as well as marketing and distribution architecture mitigate much of the near-term competitive threat from Reliance Jio for them. "Furthermore, given issues of language and literacy, large parts of rural India remain a substantially voice-based market where near-term demand for 4G services may be muted," Moody's said.
A lower base could be part of the explanation but not all.
Patanjali's packet milk to be lower than competitor brands by Rs 2 a litre
"The post-mortem report said it was a case of asphyxia due to ante-mortem hanging and suicidal in nature," the SP said.
Investors indulged in buying beaten down blue chips at lower and attractive levels.
Profits grow, but not because of recovering demand.
Raghuram Rajan, who has been pilloried by his critics for keeping interest rates high and has also been accused of stifling growth.
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
KVIC is keen to build an international footprint and is hopeful about signing up B2B agreements with at least 40 countries, to which end it has even registered a GI (geographical indicator) tag in the UK, Germany and Russia.
'Whether or not Chandrashekhar Azad succeeds or fails electorally, he has already made democratic politics more accountable to Dalits.'
Currently, Hyundai has 400 dealerships and over 270 rural sales outlets supported by over 1,000 service centers across India.
President Pranab Mukherjee on Thursday cautioned that poor cannot wait for long and they need to get succour "here and now", in remarks that come against the backdrop of demonetisation which, he said, may lead to temporary slowdown of economy.
'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The opposition in Lok Sabha on Monday tore into the controversial Land Acquisition Bill
'If I am angry, then I do not have the right to be in the Cabinet. Whatever I have done, I have ensured that farmers' interests are protected,' Rural Development Minister Chaudhary Birender Singh, who 'abstained' from a meeting with the President on the ordinance, tells Rashme Sehgal.
A host of dynamic reforms, policies and announcements during the last five years are expected to reach its logical fruition in the second term, says Ankit Kansal.
Companies from the capital goods space will under-perform.
Dozens of farmers have already committed suicide in India after damage from unseasonal rains this year.
The EC's actions remain to be seen on 'money-hoarding and transportation' for poll-time use. The question remains if the polity in the state would push the EC so far as to use the countermanding option. Even then EC would have to push its constitutional powers to find a way to prevent 'money-power' in the state's elections, says N Sathiya Moorthy
Car sales in India surged by 12.87 per cent in December.
Surendra Hiranandani -- chairman and managing director, House of Hiranandani -- explains what ails India's housing sector and indicates the way forward.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Budget 2018 bears imprints of a government unsure of second term with clear majority, says Shekhar Gupta.
It is rare for communal riots to spread to rural areas. The UP riot is the first time after the September 1969 Gujarat riots that a rural area have been affected. Electoral politics which divide society in majority/minority, going on since the early 1990s, is a major contributing factor to this heightened tension between communities, says Colonel (retd) Anil Athale in the first of a two part series.
'The rule for millennials is: You can have a career for life.' 'You have to constantly adapt to the needs of the industry to stay relevant.' 'The jobs will be the same, but the skill sets required will be different.' 'Technology will dominate the nature of jobs available in the future.'
Maharashtra cooperation minister Harshvardhan Patil on Friday suffered an eye injury after some activists from Dhangar community threw ink at him at a function at Bhigwan Pune's Indapur tehsil.
Demand for passenger vehicles has been driven by new models, especially in the SUV category with the likes of Maruti Vitara Brezza and Hyundai Creta clocking good numbers
India's rank was further amplified by the collapse of the South American and Russian economies.
'We have to make doing business in India easier.'
'"It is not corruption, but destruction that we fear. We fear for our lives and the BJP has not been able to convince us otherwise," Muslims and Dalits tell me.' Does a high turnout indicate anti-incumbency or does it indicate minority consolidation against a particular leader or party? Neeta Kolhatkar explains the situation in Maharashtra.
The earlier government was blamed for non-performance, the current one will be rightfully blamed for mismanagement
The police were aware of the bandh since the gram panchayats had informed them about it. Yet, they did nothing to prevent it.
'The man who has been Gujarat's chief minister for 13 years has no understanding of the ills affecting the farmers and agriculture in India.'
Here are the key decisions announced by the Reserve Bank of India on Thursday.
The sentiments of the ignorant are what politicians unfortunately fan to inflame passions for political gain, says Murad Ali Baig
