'Government of India has the right to give directions to RBI'.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
'If 99.99 per cent of these micro borrowers are good at repaying their loans, why can't we look at the SMEs and MSMEs and replicate the same model for them with our stringent risk management system,' Chandra Shekhar Ghosh, chairman and managing director of India's newest private sector bank, tells Prasanna D Zore/Rediff.com.
It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.
Who will make the most of the disruptions of 2016 this year? Mihir Sharma's list of probables.
IIM-B, professor R Vaidyanathan talks to Shobha Warrier about black money, Mudra Bank and Jaitley's Budget.
The biggest winner was Lok Sabha Speaker Sumitra Mahajan who ran her ship with self-confidence and aplomb.
Markets are likely to go down, correct and stay subdued.
On a day (Tuesday) when India's much-followed men's team succumbed to a humiliating defeat against New Zealand, the women's team won their opening encounter of 2016 ICC World T20 by a comprehensive 76-run margin against Bangladesh. In a chat with BCCI.TV ahead of India's World Twenty20 campaign, the captain of India's women's team and star batsman Mithali Raj spoke about the team's journey and analysed her team's strengths for the tournament.
Disgraced Chinese leader Bo Xilai's high-profile trial was abruptly adjourned after prosecutors produced more evidence to nail the former Communist strongman, who in turn described his ex-police chief and a key witness as a "liar with extremely bad character."
The internship, with all its highs and lows, changed the way that I deal with life now.
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Mayank Ashar talks about India's business environment.
Demonetisation will wipe out the likely benefits of a good monsoon this year, says Christopher Wood of CLSA.
'The sadhus and sanyasis of UP are not for any economics.' 'They only know the religious agenda and the RSS will support them.' 'Modi does not have full control of the party at the ground level like Indira Gandhi had.'
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
'You may show at the end of December how much money has come into the system, but none would be the wiser because most of see only what we want to see and believe.' 'Some of us will see through it and you will make your proxies call us enemies of the State.' 'I was somewhat with you till here. But we diverge from here on until you can do something which will veer through my cynicism brought about by your policy,' says Harsh N Gokhale.
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The toxic brew of fiscal populism, crony capitalism and bad economic management has ensured the collapse of economic growth, industrial stagnation, stubbornly high consumer inflation, declining savings and investment, shrinking employment opportunities, and a dangerously vulnerable external financing situation.
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
Naik is passionate about protecting India's manufacturing sector from the onslaught of Chinese imports.
'The corporate sector says by 2022 they will create 300 million jobs.' 'In the last 70 years we didn't do it, how will we do it in 5 years?' 'Only agriculture can bail out the economy. Unfortunately, it is not being looked into.'
'...even if they have profound differences. We discuss within our party and with each other, but not openly. We just reminded the BJP that they too, should follow this dharma.'
Short-term gains are always unpredictable.
Kerala Chief Minister Oommen Chandy tells rediff.com's Shobha Warrier why the UPA lost in the general elections, the decline of the Left and what he expects from the Centre.
'Learning by doing is in our genes.' 'We are applying the wrong method by making our children sit in a classroom for eight hours, listening to someone talk.'
There are some 20-odd schemes with this default provision, or something close to it.
'Let us not say that Modi has not delivered on anything; he has delivered something and in parts substantially, but he has to also deliver on a large number of his electoral promises.'
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
'The armed forces have been given clear indication that they have to give priority to Make in India and indigenisation and dependence on foreign source should be reduced.' 'Almost Rs 90,000 crores contracts have been signed during my tenure. Another almost Rs 70,000 crores are in the pipeline.'
'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
Aditya Puri thinks the government is on track.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
Hoard cash. There will be plenty of time and opportunity at far lower levels, warns Sonali Ranade in her weekly Market Notes
'The main reason for having neutral venues for the Ranji Trophy is to make it more competitive and less affected by doctoring of wickets.' 'There is no reason why people shouldn't be able to see Virat Kohli playing a Ranji Trophy match at any location.'
'If Indian armed forces entered Pakistan and succeeded in inflicting major damage on the Pakistani army and occupied territory in the Pakistani heartland, there is reason to think the Pakistani military would use some nuclear weapons against the incoming Indian forces to compel India to stop.'
Director Anil Sharma gives us an insight into the Deol men, and other Bollywood Greats.
'The fragility of this case is that taking a side could be a fallacy to do. Because you don't have all the answers. So how do you take one particular side?' Meghna Gulzar asks Vaihayasi Pande Daniel/Rediff.com
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