'Since the bilateral deficit is a reality -- and a worry -- we need to find a way to deal with it,' says Ravi Bhoothalingam.
Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days.
Some initial reactions to Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight.
Is Apple going the Android way? Some of the features and enhancements in iOS 14 might make you think the smartphone giant is trying to introduce some android experiences into its ecosystem, says Ashish Narsale/Rediff.com.
The non-oil, non-finance sector of the economy is under severe stress.
Any residual amount left in the Compensation Fund after five year compensation period shall be shared equally between the Centre and the states.
IMF said the repercussions from India's currency exchange initiative will likely persist through the first quarter of 2017.
Reducing it to 1.3% would lead to savings of Rs 70,000 crore over 5 years
Buy comprehensive motor insurance policy to guard against natural calamities.
Higher oil prices, while not having an impact on Centre's revenues due to fixed tax rate, are pushing up states' sales tax revenue.
Experts said the slowdown could be attributed to adjustments leading to destocking and the offering of discounts by companies as the government ushered in the new indirect taxation system on July 1.
The council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent.
Jean Dreze, a noted economist who was was a member of Sonia Gandhi led National Advisory Council, was dropped from the list of speakers at the Delhi Economics Conclave organised by the finance ministry and inaugurated by Prime Minister Narendra Modi.
It has built confidence in the possibility of change; now reality has to catch up with the image and the expectation, says T N Ninan.
The problem is not GST itself, but the nature of an economy dominated by small businesses unable to cope with the complexities of the tax, points out T N Ninan.
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
Challenges abound but innovation is key for new banks inorder to survive.
We enlist some of the key features of iOS 9, so sit tight.
At present, the Mactan Cebu International Airport can handle seven million passengers a year
The fixed line broadband will offer "ultra high-definition entertainment on large screen TVs, multi-party video conferencing from your living room, voice-activated virtual assistants, virtual reality gaming, digital shopping, immersive experiences," Ambani said.
As we say shalom to 2016, the key drivers for the markets in the year ahead have become more obvious, says Neeraj Gambhir, managing director and head of fixed income, India, Nomura. First, there is a surging dollar. Second, rising commodity prices. Then, we have the effects of demonetisation.
'Their vote bank has shifted to the BJP; the Congress is yet to realise it.'
With the implementation of the goods and services tax less than 75 days away -- assuming July 1 as the roll-out date -- Sudipto Dey provides a guide to how businesses can navigate the transition.
'Both India and Japan can find themselves in a win-win situation if they draw some lessons from each other's strengths,' says Dr Rajaram Panda.
The market is abuzz with the talk of Snapdeal raising up to $600 million (Rs 3,600 crore) with new investors such as Japan's Softbank and Japanese e-commerce company Rakuten.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
There are millions of taxpayers, all of whom are susceptible to this frustrating situation.
'...and defensive until the global macro headwinds turn more benign.'
'While the GST is structured to be an all-encompassing tax and to create a vastly expanded digital network of recorded transactions, no one knows how traders long used to avoiding taxes will apply their ingenuity,' says T N Ninan.
India must change approach and have better access to networks to fulfil its digitisation dream.
Rahul said the poor, the labourers and the middle class are being sacrificed in the demonetisation 'yajna' for the benefit of the "super-rich families" of the nation.
S&P BSE Midcap index and S&P BSE Smallcap were down 2% and 1.3% respectively
'The effect of demonetisation has been largely to drive black money above ground. But there are several interesting side-effects. One is the uncomfortable realisation that this can happen again, which is a deterrent to future sinners,' says Rajeev Srinivasan.
M Muneer recommends segmenting the population on the basis of their propensity to embrace new technologies is the key to driving digitisation.
B L Agrawal, a principal secretary in the Chhattisgarh government, was arrested for allegedly bribing people to help him wriggle out of corruption cases pending against him, while J P Singh, a former joint director of in Enforcement Directorate, was held for accepting illegal gratification to favour the accused in the Indian Premiere League betting scam.
.jpg)
SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
With smart data-led mobile marketing, companies can reach out to the right target consumer with relevant offers.
'The army has stopped short of exerting the sort of influence it may have done historically.' 'It is comfortable with its relations with the civilian government as the superior partner.'
Broking firm Jefferies says Indian financial system is now flooded with the kind of liquidity witnessed in 2005-07 and 2009-10
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances