'The government is not ready to talk to us. They have their own agenda.'
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
IMF believes it is mostly cyclical, not structural, but because of the financial sector issues, recovery will be not be quick. IMF said, it saw an opportunity with the strong mandate of the new government to reinvigorate the reform agenda to boost inclusive and sustainable growth.
From the appointed date, the authorised capital of the private sector bank would stand altered to Rs 5,000 crore and the number of equity shares at 2,400 crore having face value of Rs 2 each.
Solicitor General Tushar Mehta, appearing for Uttar Pradesh, said the state has taken several steps to contain the spread of coronavirus but to "lockdown five cities by a judicial order may not be the right approach".
Moody's on Thursday raised India's GDP forecast for the calendar year 2020 upwards to -8.9 per cent contraction from -9.6 per cent contraction forecast earlier. Similarly, India's GDP forecast for the calendar year 2021 has been revised upwards to 8.6 per cent from 8.1 per cent projected earlier. The report released by Moody's Investors Service attributed the reason behind better growth to the falling of coronavirus cases in the country.
The Supreme Court on Wednesday directed the National Disaster Management Authority (NDMA) to issue fresh guidelines for providing minimum standards of financial help to families of those who lost their lives to COVID-19.
E-commerce companies that fall within the scope of the equalisation levy include Adobe, Uber, Udemy, Zoom.us, Expedia, Alibaba, Ikea, LinkedIn, Spotify, and eBay.
Speaking from outside Lincoln Financial Field in Philadelphia, Obama said, "Eight months into this pandemic, cases are rising again across this country... Donald Trump is not suddenly going to protect all of us. He cannot even take the basic steps to protect himself."
'Some VIP or minister should come to the ward and see how people are suffering.' 'The pain and suffering of the relatives of the patients who are admitted; let them hear their desperate pleas for medicines and oxygen and ventilators and ICU beds; the cries of the kith and kin of doctors and nurses who are being eaten by the pandemic.'
'China is in a good position to defuse financial risks.'
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
In September, Bharat Biotech aimed to supply 35 million doses, and take this up to 55 million by October. This is still less than what the Indian government expects from the company.
Prime Minister Manmohan Singh on Wednesday promised that wages and appropriate perks would be paid to Air India employees at the earliest after the financial problems of the ailing carrier found a resonance in Lok Sabha with members raising concern over non-payment of salaries.
'India's defining characteristic has been its ability to manage and sustain democratic governance through an accommodation of ethnic, linguistic, and religious diversity.'
By the time the security failure is discovered and fixed, the damage is already done. A CIO survey by Forcepoint and Frost & Sullivan found that 69 per cent of Indian organisations were at risk of data breach. Whenever there is data breach, there is a potential disaster waiting to happen.
The protests brought home the fact that the Sri Lankan public is in no mood for halfway measures, as voices against Rajapaksa 'family rule' and 'securitisation' of the civilian administration began sidestepping the more critical economic crisis, affecting the nation and afflicting the individual, observes Sri Lanka watcher N Sathiya Moorthy.
The agency said, 'The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows.'
Reserve Bank Governor Shaktikanta Das has pitched for policy support from all sides -- fiscal, monetary and sectoral -- to nurture recovery of the economy hit by the second wave of the coronavirus pandemic. The dent on economic activity due to the second wave of the pandemic during April-May necessitated continuation of monetary measures to support the process of economic recovery to make it durable, Das had said while participating in the meeting of the Monetary Policy Committee (MPC) earlier in the month. "Overall, the second wave of COVID-19 has altered the near-term outlook, and policy support from all sides - fiscal, monetary and sectoral - is required to nurture recovery and expedite return to normalcy," Das said, as per the minutes of the meeting released on Friday.
'It is never easy to run a campaign as a woman, particularly a minority woman, especially when you are bucking the establishment.' 'My entire campaign is an act of resistance.'
HDFC Bank on Thursday said network outages that led to a regulatory ban on new credit card sales were not due to transaction volumes, and affirmed that it continues to stay in touch with the RBI for restarting the services but giving a timeline for it will be difficult. The bank said it is on its way to creating a new technology architecture for the future as part of the "digital factory" and "enterprise factory" initiative. But, it conceded that outages will continue under the older system though it will be working to minimise the time taken to bring the service back. In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services, because of a series of network outages.
FutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.
BCCI moves second ODI against Windies from Wankhede to CCI
The only path to recovery of the economy lies in profit growth that triggers off employment growth, and finally investment, notes Ajay Shah.
This will help to address short-term liquidity problems.
The Wayanad MP, who is on two-day visit to his constituency in poll-bound Kerala, also took on Prime Minister Narendra Modi on MGNREGA.
A complex holding structure and unrelated businesses clubbed under one roof could have been the reasons that prompted investors to shun the stock, experts say. These are likely to impact the company's ability to raise funds, too, they add.
Many offered to help the couple financially and others announced plans for lunch at Baba Ka Dhaba.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
Shalini, 17, who helps her mother as a maid servant in five houses, while juggling studies, scored 84.8 per cent in science stream.
Banks have become more vigilant over the past two weeks, with many more officials involved in loan approval and disbursal.
Delhi Chief Minister Sheila Dikshit told reporters problems faced by people in opening bank account using the unique identity card Aadhaar was raised by most of the chief ministers in the meeting.
World Wrestling Entertainment Inc was sued on Monday by Jimmy "Superfly" Snuka and dozens of other retired male and female wrestlers seeking to hold it responsible for neurological injuries they claimed to suffer by participating in its bouts.
A new study highlights the difficulty young people face while trying to balance career and achieve parenthood at an age when they are most fertile.
He said the ISRO scientists have a very strong spirit of working and will not rest till the objective is met.
Why do people underestimate the difficulty of making money in the financial markets?
The company shut its factory on June 3, which ironically was also World Bicycle Day. It laid off its 431 remaining employees, but the company insists they continue to be on its rolls and will be paid "lay-off wages" upon marking attendance daily.
We need to take special steps to provide resources to the developing countries.
The financial crisis, which a year ago seemed to be localised in one part of the financial system in the US, has exploded into a systemic crisis
