The government must realise that it has very little time to recover itself, its reputation, its legacy - and India's fortunes,says Mihir S Sharma.
The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.
Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said.
In another round of economic booster, Sitharaman announced steps to help homebuyers and push exports.
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
Initial reports say the pilots had asked for a change in route (it was flying to Singapore) because of adverse weather.
For stressed loans, the need is to prevent disruption in cash flows from a systemic perspective, conserving employment and assets in untainted enterprises with the potential for recovery, says Shyam Ponappa.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
'The Indian strategy is to rope in the powerful Pakistan army in the negotiating spectrum. This can be done at the level of General Janjua, a former army commander,' reveals Rajeev Sharma.
'The most intriguing thing (about COVID-19) is the range of the illness -- from asymptomatic or less symptoms to death and quite severe manifestations.' 'The vaccine will be at least another year away from having any effect.'
'The EC is a sacred institution.' 'In the last few years, more than once, we have found the EC bending over backwards to accommodate the government.'
It's not as easy to know how the funds were deployed and gauge the impact.
The civic body said the artist had flouted norms not only in his Versova office building but also in his apartment in suburban Goregaon.
'His (Das) approach to work seems that of working as a team with ease in communication.'
According to the Dun & Bradstreet CFO optimism index, nearly half of the surveyed CFOs expressed optimism regarding the macro economic scenario for the Indian corporate during the April-June quarter of this year.
Today, banks are being asked to discover niche strengths and focus on them
Dosa batter, custard powder, kitchen lighter may become cheaper under GST
Thus far in 2017-18, FIIs and MFs have invested Rs 198.91 billion and Rs 1,119.49 billion in the Indian equity markets. Of this, around Rs 152.46 billion has come in January alone.
Even as India gears up for election results on May 16, a group of senior Bharatiya Janata Party leaders have taken up an informal initiative to see how a 'Modi ministry' will look like, in case the party forms the government at the Centre.
Batting for greater transparency, a Sebi panel said sound corporate governance helped companies generate "significantly greater returns".
Dr Talat Ahmad, vice chancellor of Jamia Milia Islamia suggests important reforms in the Indian education system.
A dedicated physical gold exchange could lead to standard gold pricing in India.
Smart cities must be very well equipped with technology and security systems alike.
The idea of transparent displays has been around for a few years.
Reserve bank is working with the govt to bring suitable amendments in the statutory provisions
Sachin Tendulkar is now set to adopt Donja village in Osmanabad, where he will oversee the development of a new school building, a water supply scheme that would provide potable water to each household, concrete roads and a sewage line attached to the same.
Bumrah, who has so far taken eight wickets in the third Test against Australia, in Melbourne, has 47 Test wickets to his kitty after making his debut in January.
India's Planning Commission has 31 divisions and seven attached offices, which include the Unique Identification Authority of India and Independent Evaluation Office.
Probably in August. We can argue whether RBI is dovishly neutral or neutrally dovish but the telltale signs of at least one more rate cut are strewn all over the policy statement, points out Tamal Bandyopadhyay.
The All India Anna Dravida Munnetra Kazhagam on Monday opposed in Rajya Sabha the government move to put in place a single examination for medical and dental courses through National Eligibility cum Entrance Test
The government's move to set up a regulator for the coal sector would help bring in transparency, encourage exploration and enhance quality of the dry fuel, India Inc said on Friday.
As wholesalers largely failed to meet GST norms, companies were in a fix. According to industry veterans like Sunil Duggal, chief executive of Dabur, the hazard led many to look beyond third-party distribution and take the leap to cover unattended markets directly.
As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
The CM announced an ex gratia relief of Rs four lakh for the deceased and Rs one lakh each to the injured and assured that the state government will bear all medical expenses.
The board will first need to unpack IL&FS - it has 169 group companies with 24 direct subsidiaries, 135 indirect subsidiaries, six joint ventures and four associate companies, says Amit Tondon.
India scripted history by successfully launching EMISAT, a military satellite, and 28 foreign nano satellites on-board its polar rocket from Sriharikota on Monday, in a complex mission which marked many a first for Indian Space Research Organisation.
'To bring about a paradigm shift in farmers's income, we need to change our approach to agriculture, and transit from the narrow prism of cultivation to a full-fledged enterprise, by building all associated supply chain linkages.' 'This alone will make the farmer an entrepreneur in his own right.'
The new Companies Bill will boost such spending by both public and private companies. Praful Patel, Union minister for heavy industries & public enterprises, speaks to Business Standard on the issue.
'Respect nature, working with (it) rather than against it.'
