A landmark law banning caste-based discrimination came into effect in the United States city of Seattle, making it the first city outside India to enforce such a legislation. IMAGE: People hold......
'This government is so fond of some corporate friends that they can always amend existing laws or make new laws.' IMAGE: A farmer covers himself with a warm blanket during the ongoing protest......
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day. IMAGE: Prime Minister Narendra Modi addresses the nation......
Loans for Indian airlines have dried up as banks have become cautious to lend to the sector. IMAGE: A man wearing a protection mask and gloves holds a sign at Indira Gandhi airport in New Delhi.......
For non-banks, the IL&FS crisis was nothing short of India’s Lehman moment, which has for a foreseeable future reset the sector on multiple grounds. Two and a half years after the......
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash. Illustration: Uttam Ghosh/Rediff.com The Indian equity markets seem to be on a......
The accumulated interest will increase the principal and you will have to pay a higher rate. Borrowers should take the restructuring plan only after they are convinced they have exhausted all other......
What will be its impact on the banks's balance sheets? Since banks need to provide for 10 per cent of the loans restructured, they would need Rs 50,000 crores to Rs 80,000 crore for this purpose,......