'When you forgive a farmer's loans there is this ideological economists lobby which says: 'That's socialism. And that's bad'.' 'But to forgive the loans of big people, so that they will be interested to invest further is capitalism and is good.'
The PM has demonetised high currency notes to waive off Rs 1.14 lakh crore loans of industrialists and he is now planning for another waiver of Rs 8 lakh crore, he said.
Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view.
'If you ask India's finest business leaders, they now tell you -- in whispers, of course -- that the mood has never been so glum after 1991,' says Shekhar Gupta.
Broking firm Jefferies says Indian financial system is now flooded with the kind of liquidity witnessed in 2005-07 and 2009-10
The sobering news is that retailers - including big firms like Reliance Retail - and exhibitors are contemplating issuing force majeure notices to shopping malls and real estate owners, and are in discussions with them to formulate an action plan for sharing the financial burden of the lockdown.
ICICI Bank said on Thursday it has constituted a Rs 100 crore (Rs 1 billion) loan fund for assisting companies engaged in the green business or abetting eco-friendly activity.
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
The State Bank of India (SBI) is setting up a Rs 500-crore (Rs 5 billion) private equity (PE) fund to cater to the small and medium enterprise (SME) sector.
In 2012, Akula quit as chairman of Bharat Financial Inclusion (formerly SKS Microfinance), which he'd founded and led to a successful initial public offering
The McKinsey report said faster employment growth at 12 million non-farm jobs annually is needed in the post-Covid period till 2029-30, up from just four million created each year between 2012 and 2018.
He said the short term macroeconomic priorities of the RBI continue to focus on bringing down inflation towards the government-set target of 4 per cent
Continuing to target Prime Minister Narendra Modi on his second day of campaign in Tamil Nadu, Congress leader Rahul Gandhi on Sunday alleged Chinese troops have occupied Indian territory and the man with '56 inch-chest' cannot even utter the name of the neighbouring country.
Currently, most crowdfunding platforms neither operate with proper authorisation nor are governed under any law.
Chindwara, a small district in Madhya Pradesh, stole the limelight during a business and economic summit that wound up in Tokyo on Friday by securing Rs 563.14 crore ($125 million) funding for an irrigation project.
Even as there is a strong anti-incumbency mood in Punjab, the multi-cornered contest has made the 2017 assembly polls prediction more difficult.
Cheap milk prices, rising fodder cost and the difficulties in buying new cattle and selling old ones on account of cow vigilantism have cast a triple shadow on this sunshine sector in Indian agriculture, reports Sanjeeb Mukherjee.
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
Once a Congress-led government is formed at the Centre, the farm laws will be revoked and dumped into the 'dustbin', he said, addressing a gathering in the evening here on the conclusion of his 'Kheti Bachao Yatra' (save the farming march), which began from Punjab's Moga district on Sunday.
Software firm dismisses charge, says Finacle has proven ability.
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
Despite the administration's best efforts, all the maladies of small towns can't be wished away overnight, not even for the president of China, reports Sheela Bhatt from Ahmedabad.
The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.
Though COVID-19 will wreak more damage to the finances of the Indian population, the insurance sector is unlikely to get hurt.
Rahul attacked Modi and BJP, alleging that 'politics of divide and polarisation is radicalising people in India'.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Governor also says two-stage verification for card transactions might go; RBI in process of setting up IT arm
After removing three PSBs - BoI, Mahabank and OBC from the framework, RBI, on Tuesday, took out three commercial banks - Allahabad, Corporation and Dhanlaxmi from the said list.
Sheela Kochouseph Chittilapally is one of the most successful woman entrepreneurs in Kerala with a Rs 75 crore business.
'It will be like this: If you use the window seat in the first row, next will be the aisle in the second row, to maintain social distancing.' 'So, two-thirds of the aircraft is not going to be used.'
There's a long way to go before human beings are replaced by machines -- in banks at least.
No attention to detail seems to have been paid while introducing such a major provision and the wide arc of people it will take in its ambit, states Harsh Roongta.
Large urban co-operative banks may come to be solely under the provisions of the Banking Regulation Act, even as the smaller among them are to remain within the exclusive fold of the Registrar of Co-operative Societies. The upcoming changes will bring the curtains down on the vexed issue of dual control of UCBs, which has been in vogue for 54 years. The new framework will affect 1,551 UCBs in the country, which had a total business of Rs 7.36 trillion.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Even in ruin, Jet retained its one essential brand quality: Dignity, says brand guru Sandeep Goyal.
Do not go for riskier options like co-operative bank only for the higher return. Even if you go for them, park only a small portion of your capital there, say Tinesh Bhasin and Sanjay Kumar Singh.
Flood in the rice bowl: Keralites who lost everything stare at uncertainty.
However, the IT firms will get some benefits, as software exports from their Chinese campuses will yield more in local currency
'Tilting at the Government in English in front of India may make him feel like Joan of Arc, but without a feel for Bharat he will merely be Don Quixote,' says S Muraleedharan, former managing director, BNP Paribas.
