'But the world would be much poorer without economics' contribution to understanding how societies function and without economists' suggestions as to how politicians might improve them. 'And economists themselves could do wonders by simply incorporating the country-specific factors in their econometric models rather than just applying them in toto," say Soumya Kanti Ghosh and Samir K Jha.
Industrial production (IIP) grew to a three-year high of 6.4 per cent in August, up from 4.1 per cent in July.
21 banks have launched United Payments Interface application.
'One by one we are seeing these private banks taking people's money and mismanaging it.' 'In the last 30 years, 30 private banks have collapsed.' 'Nationalise all banks so that people's money is safe.'
Indian firms caught napping as private details of individuals were leaked
A year's print run has been shortened to 5 months.
'It is not simply demonetisation or GST, it is this government's failure to manage the financial sector crisis.'
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
The investment was committed to by Vittorio Colao, CEO of Vodafone Group Plc.
Retail inflation has eased from double digits in 2013.
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
The group needs to rustle up Rs 5,000 crore in cash and an equal amount in bank guarantees for bail.
Analysts expect earnings to become increasingly relevant given that the stocks have rallied on positive sentiment and the gush of liquidity. Macro factors, they suggest, have already led to a large re-rating in most counters
A glance back at some of the important ups and down Indian Inc faced in 2018.
'The hour is very late, and the choice between triumph and tragedy knocks at our door,' says Ajay Shah.
Will the government now push to move away from what Mr Rajan has been doing in the last few years?
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
India's upbeat outlook contrasts with neighbouring China, where growth slipped to 6.7 in the first quarter
Woefully inadequate infrastructure is just one of the many reasons why a case is not settled within 180 days and even 270 days as envisaged by the law, says Tamal Bandyopadhyay.
He was responding to a question on economic reforms in the country.
All shares held by SBI in the five associate banks will stand cancelled after merger.
At a time when the asset quality of state-owned banks is deteriorating, the Reserve Bank of India is also planning harsher penalties for wealthy promoters of wilful defaulters.
Many bankers say the move will have a serious impact on the chain of command of nationalised banks and that it would only enable the government to dish out favours to a few of their own men.
The non-watchlist stress emanated from over five year-old loans in the iron and steel, infrastructure and construction sectors.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
In a meeting with the commerce minister, India Inc hammered Sharma on the collapse of investments, structural nature of the current account deficit and stagnant growth in agriculture.
To be sure, this is not some stunning new revelation that our equity markets are beholden to foreign flows.
'I am not surprised that hubris brought Chanda Kochhar down. It would appear that as a person she thought she could do no wrong and as a leader she considered herself above what her company demanded of others in terms of financial probity and honesty. That, my friends, is NOT a good way for a leader to feel,' says S Muraleedharan, former managing director, BNP Paribas.
RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.
So far, 758 million Aadhaar numbers have been generated.
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
Lenders are not enthused because, as brokers, their responsibility towards policyholders will be higher than corporate agents.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
The agency has so far seized diamonds, gold jewellery and other precious stones worth Rs 5,716 crore in the case and summoned Modi and Choksi, the promoter of Gitanjali Gems, to appear before it on February 23 at its Mubai zonal office.
'The worst is over, but it may take a couple more years for the banking system to re-establish the growth process.' 'Banks are the major pillars in an economy's revival.' 'Without banking operations and lending, revival will not happen.'
Rajesh Bhayani highlights all that you need to know about the online currency.
