His tweet came after media reports said that he took a U-turn on his remarks.
'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan.
It had been pointed out to the banking regulator that one-day default was difficult to monitor in large companies, especially where cash flows are dependent on government payments.
The government has provided a long-term vision.
'India will jump 30-40 places in the World Bank ranking of ease of doing business next year.'
In drought-hit Marathwada region, the focus has shifted to renaming the city of Aurangabad, with BJP and Shiv Sena raising a pitch to rename the city as 'Sambhajinagar'.
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
Instead of the minority stake they held earlier, now they have controlling stake in many firms
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
Alleging that AAP MLAs are being arrested under a 'conspiracy', party's Delhi convenor Dilip Pandey said a writ petition will be filed in the Delhi high court with a compilation of 'false' cases slapped against them.
Several of his lenders have a lot to answer for.
'Power is always transitory, and you should be the same person whether you have it or not,' the head of the number one law firm in India tells Pavan Lall.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
India worked in close partnership with the World Bank to improve its position, says NITI Aayog CEO Amitabh Kant.
The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel.
According to the revised plan, promoter Naresh Goyal, his wife Anita Goyal and the directors nominated by the promoter would be asked to step down from the board, and the lenders, as part of the resolution process, will infuse around Rs 1,200 crore into the airline as emergency funding.
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.
Said the airline sector is doing well in India, with many carriers making good profits
RBI may be inclined to impose severe restrictions on lending in the coming quarters.
Of the 40 CEOs polled from across the country, 60 per cent identified a fractured electoral mandate as a bigger risk than trade wars, volatile oil prices, and inflation.
Formula One Chief Executive Bernie Ecclestone has been indicted in Germany in a case relating to the sale of a stake in the motor racing business eight years ago, a spokesman for a Munich court said on Wednesday.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Bankers said the SC verdict might prolong the resolution process and force lenders to bring back cases to the drawing board.
'One by one we are seeing these private banks taking people's money and mismanaging it.' 'In the last 30 years, 30 private banks have collapsed.' 'Nationalise all banks so that people's money is safe.'
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
When the government is out to get Mallya, why is it quiet about those people who are responsible for Air India's massive losses is a million dollar question
'Instead of doing ground work they are sitting and monitoring the drought through Mantralaya and trying to solve the problem with Aamir Khan.'
China Development Bank takes Reliance Communications to NCLT over loan default
The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.
The Modi government could steer through Parliament 59 out of 75 Bills.
Rooms at this Kolkata hotel are priced between Rs 7,000-8,000 per night. Gateway is a full-service upscale hospitality brand under the Taj Group of Hotels.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
'Nationalism built on divisiveness cannot strengthen the country, or help the economy improve its performance,' points out T N Ninan.
'If prices of everyday consumption don't come down, employment doesn't pick up, 2020 will not be a happy year for anyone but the super rich,' notes Sherna Gandhy.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
Siva group defaulted on payment in 2016 and is also facing CBI investigation
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances