Union Finance Minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit becomes more hassle-free for borrowers. However, the minister made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal. At a meeting between industry representatives and the finance minister, a startup founder in the baking business suggested for credit to be available hassle-free, to which largest lender SBI's chairman Dinesh Kumar Khara said a startup's worries are more on the equity side and assured full support in lending if sufficient equity is on the table.
'The common ground between a film-maker and a film critic is a mad masochistic love for the movie.'
'She seems to have disappeared off the face of the planet after telling different people different things.'
'The stimulus message was tagged on to what was meant to be an exhortation to self-reliance, glossing over the near impossibility of merging the immediate requirement of relief for a huge population and a questionable strategy for the future trajectory of a large economy aspiring to superstardom,' points out Shreekant Sambrani.
As a loyal foot soldier he continues to defend the indefensible.
Import duty on a business jet is merely 3 per cent, on a yacht 10 per cent, but it's 60 per cent on cars and a mind-boggling 213 per cent on one's favourite tipple.
There has always been a risk-taking edge to Imran Khan. Like him or hate him, it had to be someone like him to finally threaten to demolish the Pakistani establishment, explains Shekhar Gupta.
These businessmen represent the top five firms that have taken loans from the crisis-hit Yes Bank and these debts were either in the red or were stressed, officials said.
Mukerjea recorded her statement under the Prevention of Money Laundering Act and said she and her husband Peter Mukerjea met Chidambaram at his office in Delhi's North Block.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
US President Barack Obama is known as a measured, temperate man, and his remarks on the Indian economy in an interview, this past weekend should bolster that reputation.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
If the real economy is indeed looking up, then it no longer needs hand-holding and fiscal laxity
'But will there be matching action as far as tribals are concerned on the ground?'
Finance Minister Pranab Mukherjee seems to have stuck to increasing income for the government as the sole focus of the Budget 2010. The key problem faced by people -- inflation has been thrown out of the window of consideration.
Traditionally, food prices have been seasonal in nature.
While people have paid the price for the disruption it caused, now is the time to reap its benefits, says T N Ninan.
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
It may well be possible to defeat Modi. But nobody seems to know how, points out Vir Sanghvi.
'If he were to ask me, I would tell Mr Modi that the real Congress legacy he has to undo is not Nehru's social and political philosophy -- which fits India perfectly -- but his daughter's economic philosophy,' says T C A Srinivasa Raghavan.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The UK court, which had been presented with detailed submissions regarding the precarious mental health of Nirav Modi and a family history of depression and suicide during the extradition proceedings, concluded on Thursday that the diamond merchant's state of mind may well benefit from a move from his London prison cell to Barrack 12 at Mumbai Central Prison on Arthur Road. As part of a very comprehensive judgment handed down by District Judge Samuel Goozee at Westminster Magistrates' Court in London in which he found a prima facie case of fraud and money laundering against the 49-year-old diamond merchant, it is noted that Modi's risk of suicide may be high but there is no evidence to point to immediate suicidal intentions. The judgment refers to the expert defence witness who had assessed Modi, forensic psychiatrist Andrew Forrester, to point out that Barrack 12 may well be a positive change from Wandsworth Prison in south-west London where he is being held on judicial remand, with the COVID-19 pandemic playing a "significant role" in the deterioration of his "depressive disorder".
'I am not scared of corona, I am sure God is protecting us.'
'The main thing Cyrus left is to tell us that you can be a business leader by being good.' 'He practiced that in all of his dealings, in all of his decisions -- in the way he thought, the way he behaved and indeed as he spoke.'
'ABCL was almost bankrupt, Amit's house was mortgaged...'
Finance Minister Nirmala Sitharman on Friday met her counterparts in Singapore and Canada and discussed various issues, including economy, health and opportunities for collaboration. Sitharaman met UK Chancellor of the Exchequer Rishi Sunak, Singapore Finance Minister Lawrence Wong and Canada's Deputy Prime Minister & Finance Minister Chrystia Freeland on the sidelines of the G-20 Joint Finance and Health Ministers' meeting. "Finance Minister Smt. @nsitharaman had an engaging discussion with @cafreeland Dy. Prime Minister & Finance Minister of Canada on the sidelines of #G20 Finance & Health Ministers Meeting in #Rome. The Ministers discussed various issues, including economic and health cooperation," a Finance Ministry tweet said.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
Our income tax department should bring out monthly bulletin as well as annual reports providing insights into the nature of our direct tax segments, points out R Vaidyanathan.
The report said the company, which was involved in transactions with and buying properties from the late Iqbal Memon alias Iqbal Mirchi, gave Rs 10 crore to the BJP in 2014-15. Mirchi was a close aide of Dawood Ibrahim.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Prime Minister Narendra Modi has five key aspects to his style of leading -- total command over bureaucracy, direct approval on every decision, flexible approach to issues, importance of communication and adept at repackaging schemes, says A K Bhattacharya.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
We need a master plan to increase our water storage capacity, improve irrigation facilities and create water networks across the country that links the draught prone with those experiencing floods.
Nikunj Saraf, Vice President Choice Wealth, answers your queries
Congress chief Sonia Gandhi's son-in-law said that he was a political victim but never misused his position or ran away with anyone's money.
After the Reserve Bank of India restricted the Sri Guru Raghavendra Co-operative Bank from doing business with immediate effect and capped the withdrawal limit at Rs 35,000, depositors on Tuesday queued up outside the bank's branches in Bengaluru. The regulatory body said the bank will continue to undertake banking business with restrictions until its financial position improves.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
