'The shadow banks are currently facing a liquidity and solvency crisis.' 'The danger is that it could potentially engulf the entire financial system because shadow banks have borrowed huge amount of money from banks, mutual funds, pension funds, and insurance companies.'
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
Jaspreet Singh, a second-year engineering student at the University of Leicester, shares his experience of studying abroad.
E-invoicing would be implemented on a voluntary basis by those having an annual turnover of above Rs 500 crore from January 1.
The Code on Social Security, 2020 gives a lot of comfort to gig firms which recognise cab drivers or food delivery executives as 'independent contractors' who directly do business with customers with the help of their digitised platforms.
The tightening of traffic restrictions put in place to contain the spread of the coronavirus by Gurgaon and Ghaziabad administrations on their borders with Delhi led to chaos and traffic congestion on Friday.
'And I'm back at work, where it's quieter than home is likely to be for a while', says Kishore Singh.
'There is more responsibility because it is India versus China and right now the situation is bad.'
'People who have unaccounted money often park it in unregulated deposit schemes.' 'Curbing illegal deposit-raising activity will also carry forward the government's drive against black money.'
'I may not have had a lot of money to spend on her, but I certainly make sure the government did,' a Delhi electrician who inspired his daughter to study tells Geetanjali Krishna.
'Rashtrapati Bhavan may have hygiene standards that are a benchmark for the rest of the hoi polloi, but you had to feel sorry for the august assembly of guests who braved the temperature for a seat at the new Cabinet's swearing in,' says Kishore Singh.
The policy proposes a single-window platform for facilitation of the Indian software product industry, to help fast-track legal and regulatory issues over import and export, as well as setting up and winding up enterprises.
It's easier to see a heart surgeon than a designer whose appearances on social pages far outnumber their presence before clients, notes Kishore Singh.
Following is the list of the people admitted to various hospitals after Wednesday's bomb blasts.
'Till the foreseeable future, our evenings are chock-a-block with nuptial festivities and merrymaking,' sighs Kishore Singh.
Why has Mumbai's cyber police taken no action against these WhatsApp groups who everyday, commit offences under the Indian Penal Code? The police cannot be unaware of their existence, observes Shruthi Marathe.
A multi-tier security cover has been put in place in the city for the swearing-in tomorrow of the Mufti Mohammed Sayeed-led BJP-PDP government.
'Online aggregators offer discounts of 70% to 75%.' 'At a car dealership, the discount is usually in the range of 30% to 35%.'
'For Mallya, it seems 'the night is dark and full of terrors' and if you believe his lawyers, he's only looking for some sunshine,' says Veer Arjun Singh.
Cheap milk prices, rising fodder cost and the difficulties in buying new cattle and selling old ones on account of cow vigilantism have cast a triple shadow on this sunshine sector in Indian agriculture, reports Sanjeeb Mukherjee.
While the situation Sitharaman finds herself in may not be that good, how does it stack up against her three immediate predecessors Pranab Mukherjee, P Chidambaram and the late Arun Jaitley?
While India has had a smooth passage to the quarter-finals, Ravi Shastri's claims of India retaining their title seem a tad premature, if not far-fetched. Uttam Ghosh/Rediff.com looks at the lighter side of things.
Uttam Ghosh/Rediff.com looks at the enigma that is Virat Kohli
The Kirti Chakra and Shaurya Chakra were posthumously awarded to Major David Manlun and Major Satish Dahiya, who lost their lives while fighting with terrorists in Nagaland and Jammu and Kashmir.
Want to score an edge over other prospective candidates in the job market? Kshipra Singh tells you how to perfect your resume.
The Congress is searching high and low for a suitable candidate to take on Narendra Modi in the holy city. Illustration: Uttam Ghosh/Rediff.com
Right from the beginning, the State abdicated its responsibility in fixing the blame for the Hashimpura massacres or getting justice for the victims.
Will the external affairs minister's foreign travels end up affecting his chances at the hustings?
Era Singh learned a few facts about friendship the hard way.
Wondering if mutual fund investments can help you make you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
'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.
We recently discussed airline bloopers and invited readers to share their air travel stories with us. Here, reader T Singh shares an experience.
Driven by hardship, adventurous souls mortgage their homesteads in Punjab or Haryana, pawn the family jewellery and borrow heavily to satisfy the greed of the criminal traffickers who organise their trips, points out Sunanda K Datta-Ray.
Uttam Ghosh/Rediff.com and A Ganesh Nadar/Rediff.com boarded the Himsagar Express that runs between Kanyakumari in Tamil Nadu and Jammu Tawi in Jammu and Kashmir. Check out the scenes they witnessed...
Last year, his family forced Kishore Singh not to write anything about them...
'Surprisingly, the most frequent of the walking squads are the Auntyjis, those you'd hardly credit with such dedication.' 'Yet, they're always present and the sprightliest of the lot in their salwar suits and saris,' says Kishore Singh.
The interest offered is mostly 0.5 to 1 per cent more than what other banks offer. Moreover, customer service and long-term association spanning generations are also other reasons for the popularity.
Abdiev Asliddin scored in each half as Uzbekistan beat India 3-0 in a crucial Group A encounter of the AFC U-29 Championship (Qualifiers) at the Al Arabi Stadium in Doha on Thursday. Abdiev scored at the end of first half and beginning of the second, and set up another goal to hand his side three important points.
