In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.
Kishore Singh draws up a list of terms he never wants to hear or read again.
A 43-year-old woman's SOS to UK Prime Minister Boris Johnson made the Indian embassy in London, the ministry of external affairs in New Delhi and the Delhi police swing into action and prevent her from killing herself.
Gandhi also called upon the government to immediately put money into the hands of the poor and provide a financial package to the industry to help revive the economy.
Once the Chief Minister had given a solemn assurance, a duty was cast on the Delhi government to take a stand as to whether to enforce the promise or not, the court said.
Prices of two-wheelers, passenger and commercial vehicles are set to rise 15-25%
The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative, former RBI governor D Subbarao on Wednesday said while pointing out that India is 'nowhere' near such a scenario. In an interview with PTI, Subbarao suggested that to deal with the second wave of COVID-19 induced slowdown in the economy, the government can consider Covid bonds as an option to raise borrowing, not in addition to budgeted borrowing, but as a part of that.
India has the lowest prevalence of elder abuse in Asian countries, according to a new global review which found that 14 per cent older adults in the country may face psychological, physical, and sexual abuse and financial exploitation compared to 36 per cent in China.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
Governments make budgets to retain and consolidate their hold on power, not to please opponents or economists. They do so by trying to gratify as many as possible without causing harm to the others, says Shreekant Sambrani.
Shares of SpiceJet zoomed almost 20 per cent on Friday on expectations of revival of the distressed air carrier.
Lenders have reported a surge in their bad loans in the six months to March after an asset quality review ordered by the central bank.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
are in the process of building one at the Jio Center in Bandra Kurla Complex where the Maker Maxity building used to be. "This theatre will be on the top of the mall and should be able to accommodate 300 cars, and is expected to open sometime in January or February next year.
Modelled on practices in developed economies, these initiatives involve educating people on proper use of consumer credit. They also offer debt management solutions to distressed customers, thus avoiding the need to take unpleasant measures.
Besides urging the Centre for extension of loan moratorium, the hotel and travel industries have also demanded deferment of GST and advance tax payments and waiver of fees for all forthcoming licences and permits.
'Dear PM, INC supports the salary cut for MPs. Please note that MPLAD is meant to execute developmental works in the constituency. Suspending it is a huge disservice to the constituents and will undermine the role and functions of MP,' Congress chief spokesperson Randeep Surjewala said on Twitter.
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
"President Asif Ali Zardari, Prime Minister Yousuf Raza Gilani, the government and the people of Pakistan have condemned the blasts in Mumbai and expressed distress on the loss of lives and injuries," said a statement issued by Foreign Office spokesperson Tehmina Janjua.
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
'Just because there is some misunderstanding, you cannot recall the chief secretary.' 'This is not a good development. This is an assault on federalism.'
More than Rs 10 lakh was collected during the fund raising event.
While sales momentum from rural areas may last another three to six months, sales growth in urban areas could stage a comeback by next year's June quarter as people learn to live with the coronavirus and economic activity gradually improves in the cities.
A government panel on Net neutrality has proposed to regulate domestic calls made using Internet-based calling applications such as Skype, WhatsApp and Viber at par with phone call services offered by telecom operators.
Also build a contingency fund equal to 9 to 12 months of expenses.
Maruti's exports in May were down 2.4% at 9,089 units
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
Former Banque de France head Jacques de Larosire was given the Lifetime Achievement Award for his lengthy struggle for monetary order, the magazine said in a statement on Monday.
'Of the 202 debates, 79 were around attacking Pakistan and 66 attacking the Opposition and Nehru.' 'The PMC Bank scam where thousands of depositors lost their savings got just one,' points out Vanita Kohli-Khandekar.
Will have to take impairment of Rs 15,000 crore before recovering a single rupee from its arms
SBI's ownership should give confidence to depositors and lenders about the bank's solvency.
If you aren't living under a rock, it would be hard to miss reading or hearing about the Boeing 737 MAX aircraft being grounded by over 50 nations. For those who are in the dark or still confused about the entire episode, here's a simple FAQ on the issue and what's happening around the world.
'The international community should call upon Pakistan to take sustained, verifiable and irreversible actions against terror outfits operating on the territory under its control'
Over the last decade, individual Muslims have started breaking from the tradition of sacrificing animals on Bakra Eid, motivated by the thought that the considerable amount spent on buying and sacrificing animals would be put to better use for the community's welfare, specially education.
Novices should enter markets via SIPs of equity mutual funds.
The Indian economy is currently the 12th largest in the world. Read on to find out the world's largest economies...
There was no announcement from the government on guaranteeing a minimum basic income, which is the need of the hour. The announcements on portability of ration cards and affordable rental housing to workers are for the long and medium terms. Migrant workers need immediate relief.
