Financial conglomerates neither have group-wide oversight mechanisms nor do they follow enterprise-wide risk management practices, according to the findings of a monitoring exercise by the Reserve Bank of India (RBI), Securities and Exchange Board of India (Sebi) and Insurance Regulatory and Development Authority (Irda).
The PM alleged that a 'PC' (percentage commission) culture has become the state government's identity.
'Genuine mistakes can and must be forgiven,' argues Vivek Gumaste.
Equity investments in 82 public sector enterprises have been completely eroded due to accumulated losses, an audit of financial statements conducted by the Comptroller and Auditor General of India revealed.
USIEF last week hosted its annual pre-departure orientation programme for US-bound students.
He said while the previous UPA government hid the bad loans, his government has properly recognised them and brought tough laws to deal with defaults and recovery money.
Archit Gupta on how can you maximise your savings and reduce your taxable income.
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.
Though it has been more than six months since the ban on entry load on mutual funds (MFs) came into force, independent financial advisors (IFAs) are still shying away from selling MFs.
Sachin Tendulkar has no hesitation in terming India as favourites going into the World Cup but what makes him happier is the team's ability to be competitive 'in any part of the world and on any surface'.
'Tamil Nadu is a state of temples, it's a holy land. People don't seem to realise that.'
The scheme has been extended to all categories of employees.
'The number of deaths attributable to warming is likely to rise in the future.'
The Congress on Tuesday termed as rhetoric and hollow on specifics the prime minister's address to the nation, saying there was no mention of a financial package or concrete steps to revive the economy.
So how is it going to affect the common citizen?
More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.
These simple changes can add a significant thrust to your overall money management over time.
'A proposal to do away with labour laws is not feasible.' 'That's why we wanted to have a dialogue with the states.'
Radhakishan Damani is the only billionaire to see his wealth grow by around 20% during the lockdown.
'COVID-19 is just an excuse to pass anti-labour laws.'
Air services may be disrupted on August 20 as airport employees have decided to join the major trade unions in their general strike against the "anti-people" policies of the United Progressive Alliance (UPA) government.
Only 112 CEOs were not too confident to conclude that the confidence motion would be taken to a logical conclusion in view of conflicting reports emanating from various political parties, Assocham said. With the signing of the nuclear agreement, investments to the tune of $40 billion can be generated in field of nuclear energy in the country as leading industrialists have started negotiations with their prospective counterparts to produce nuclear power, the survey said.
'If she contests it, then these people will have to fight it in court.'
The Communist Party of India Marxist, the largest among the Left parties, said the increase in FDI cap would lead to the outflow of Indian people's savings to lubricate speculative profits. It maintained that the Left had not allowed the UPA to take this decision for the past four years.
"Earlier, India was a land of snake charmers. Now, Americans perceive Indians to be very smart. The infotech revolution changed it all," says FICCI Secretary-General Amit Mitra.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
This, the Congress said in its political resolution, was necessary as there were misgivings on the 'misuse' of EVMs to 'manipulate the outcome contrary to popular verdict.' The resolution called for reverting to the old practice of paper ballot as adopted by other major democracies to help restore the credibility of the electoral process.
The first of its kind, a gem bourse to cater to the needs of the gemstone industry of the Pink City where all the business could be transacted under one roof, would soon become a reality.
From reiterating his commitment to build the border wall to protecting the American way of life from terrorist threats, President Donald Trump outlined his vision for the United States of America
Talking about the Tablighi Jamaat congregation, Agarwal said, "If the Tablighi Jamaat incident had not taken place and we compare the rate of doubling -- that is in how many days the cases have doubled, we will see that currently it is 4.1 days (including Jamaat cases) and if the incident had not taken place and additional cases had not come then the doubling rate would have been 7.4 days."
Legal hitches appear to have cropped up in the plans to set up two new reactors in the Kudankulam Nuclear Power Project and a commercial agreement on it is unlikely to be signed at the Annual Summit between Prime Minister Manmohan Singh and Russian President Vladimir Putin in Moscow on Monday.
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
M Damodaran is likely to head the new market value-based UTI Mutual Fund, promoted by LIC and three leading banks, after the new fund becomes operational from February 1.
'The situation is so bad that they are now sleeping on bridges or footpaths.' 'Therefore, they want to go and die before their parents or wife in case they get infected with COVID-19.' 'Workers don't want to die a dog's death in cities.'
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
Reaching out to different sections of society, including farmers, Prime Minister Narendra Modi has said the well-being of 'annadaata' is a priority for the government
'India's emergence as a global voice and global point of focus comes more from her economy,' says Frank G Wisner.
The strike call is over privatisation, mergers, and also due to write-off of corporate NPAs, criminalisation of willful default
'What Kamala Harris' rise and rise underscores is that our old ways of identifying the Indian-American Diaspora need to change...' 'None of this detracts from her Indian-American identity, which makes us feel as if we are Americans too,' notes Ambassador M K Bhadrakumar.
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