Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
A nation that aspires to be a superpower and wants to join the ranks of global leaders in knowledge, science and technology should declare an all out war on ills like superstition and black magic at all levels, says Dinesh C Sharma.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
President Pranab Mukherjee on Thursday addressed the nation on the eve of the 68th Independence Day.
'The man who never knows when he is beaten deserved, on the day he played what will be his last World Cup game, mates who were not beaten in the mind before they were beaten on the field.' Prem Panicker salutes 'India's best one day captain by a long margin who led superbly throughout the tournament.'
The year 2014 has been an eventful one for India. The country got a new government and a new state, broke new frontiers in various fields and of course its share of controversies.
'This was not the cleanest game of cricket you've ever seen -- there were too many flubs and fumbles for that. But it was certainly the semi-final this mostly blah tournament has needed -- two tough, well-rounded teams, toe to toe, slugging it out, bleeding and drawing blood until there was only one left standing.'
Indian economy about to take-off
President Pranab Mukherjee on Monday addressed the first joint sitting of Parliament as mandatorily required under the Constitution after the general elections. The address is the political, economic and foreign policy road map of the Narendra Modi government and covers virtually all crucial areas.
'In the first meeting of this new year, we took a joint new year resolution that we will complete it this year. At the time things were not very clear, but the mood was clear that yes, we must resolve it.' 'Yes, details have to come out, but there are some sensitivities, there are some stake-holders not yet on board, especially other Naga undergrounds etc, we would like them to come on board... So at a proper time it has to be revealed to the country, and to the legislature. Perhaps, we may have to wait for some more time.' 'With better understanding of the Indian system, many of them have learnt, realised, appreciated that Naga nationalist aspirations can be accommodated in the Indian system. The Indian system is pretty comprehensive and flexible.' 'A Naga has as much stake, claim over India as any other Indian. There is no distinction. This, Nagas have realised, that yes, Naga nationalist aspirations and Indian nationalism are not mutually exclusive.' Ravindra Narayan Ravi, the Government of India's Special Interlocutor for the Naga talks, explains how the Naga Peace Accord was reached in an exclusive interview to Saisuresh Sivaswamy/Rediff.com
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