'The stimulus message was tagged on to what was meant to be an exhortation to self-reliance, glossing over the near impossibility of merging the immediate requirement of relief for a huge population and a questionable strategy for the future trajectory of a large economy aspiring to superstardom,' points out Shreekant Sambrani.
Officials said the World Bank, Japan International Cooperation Agency and Asian Development Bank had evinced interest in the project.
Railway Minister Suresh Prabhu is targeting the commissioning of the project by 2023-24
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
Snooping is one of the oldest peccadilloes of man, observes Ambassador M K Bhadrakumar.
The stakeholders want protection from any litigation which might arise due to fresh claims against the company, especially after PE funds have bought stake in the company and the resolution plan has been cleared by the bankers.
the three investors that have submitted their final bids are not commercial banks. Among the three, one is a non-banking financial company. Another distinctive feature of the revival is that PMC may lose its cooperative bank characteristic after its reconstruction.
What happens if China depreciates its currency. In that case, Chinese products will be cheaper and people will continue to buy their products: Abhijit Banerjee.
Restructured debt from Indian power distributors lures investors
These decisions are aimed at helping mills in clearing part of over Rs 22,000-crore arrears to cane farmers.
The bank was worth over Rs 80,000 crore as recently as September 2017. The lender had grown at breakneck speed, helped perhaps by Rana Kapoor's reputation as a banker, willing to aggressively write checks.
Ajit Balakrishnan offers a recipe for creating 100,000 plus angel investors in India.
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
New SDR norms allow promoters to manage debt-laden firms.
Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.
'Oh god, these workers will now spread the virus! Their only concern was to think about themselves.' 'The middle class was only concerned with flattening the curve of coronavirus and they were not bothered about how these workers live in one room with 10 people or 20 people.'
Kerala Revenue Minister E Chandrasekharan made the announcement in the assembly while replying to a notice seeking adjournment motion moved by Congress-led UDF opposition on the serious situation prevailing in the state due to the sharp decrease in rainfall.
'We have been telling the government that we need handholding.' So, we sent a series of recommendations to the government, but nothing happened.' 'And the condition of industry became worse.'
The government on Tuesday extended the deadline for filing income tax and GST returns, raised the threshold of default that could trigger insolvency of a company, and waived charges on cash withdrawals from ATMs of other banks as a precursor to a broader stimulus package for the economy distressed by the coronavirus outbreak.
USL is already contesting a Karnataka High Court order.
Of the Rs 4,405 crore unpaid debt of 12 companies, more than half was locked in just one Mumbai-based real estate company, Kohinoor CTNL Infrastructure.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
Everything you wanted to know about the Mumbai-Ahmedabad bullet train but didn't know who to ask.
An estimated 223 people have lost their lives since August 8 in Kerala's worst floods in decades that has caused damage worth more than Rs 20,000 crore.
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
'While economic ties are making incremental progress, it is in the security and strategic domains that the India-Japan synergy is more compelling,' says Dr Rajaram Panda.
Athens bowed to demands to phase out tax breaks for its islands.
'Credit expansion is probably the quickest way to get the economy going again.' 'Easy credit is like a shot of nitro in a race car: In timely, small, quick, doses it can give a tremendous boost but carried to extreme it can destroy the engine,' points out S Muralidharan, former managing director, BNP Paribas.
The NCLAT said the RBI cannot restrict it from prohibiting banks from 'asset classfication' and observed that any change in this order would upset the entire resolution process of the IL&FS
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
Kerala's she-taxi to reach other cities as well.
Questioning the bullet train in view of the investment needed in Indian Railways is similar to saying that India needed to invest in primary education rather than in IITs, says Shreekant Sambrani.
The chief operating officer said that the carrier will surmount the present crisis very soon.
'The economy of Kashmir has collapsed.'
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
The situation in Greece worsened with banks closed for a 2nd week.
'Our concern is about today and there is nothing in the Budget for the MSME sector to feel positive right now.'
The project, code-named MF101 by Foxconn, will be spread across 1,500 acres at Talegaon or Khopoli.
Mind/life coach, NLP trainer and Mental Health Guru Anu Krishna encourages you to talk about your problems and offers solutions.
