Sensex, Nifty crash on the first day of trading this week after the GDP growth plummets
After the GDP growth of the first quarter fell to 5% on Friday, the first day of trading this week saw a sharp fall in...
Category : Business & Finance
No money, no roads
“With its debt having ballooned to seven times in five years. NHAI now faces a deep financial crisis, with its road projects found to be...
FM Nirmala Sitharaman assures no job loss due to merger of banks
New Delhi | Addressing the job cut rumours after the announcement of bank mergers, Finance Minister Nirmala Sitharaman has assured that not even one employee...
Band Aids and deep wounds
“The fact is that if the government does not recognise the problem, no solution will emerge out of government policies” India’s potent economy registered...
India’s GDP slumps to a 6-year low, halts at 5%
New Delhi | The Gross Domestic Product (GDP) growth for the first quarter of the financial year 2019-20 dropped to five per cent. This marks...
Finance Minister Sitharaman announces bank mergers; from 27 PSBs to 12
New Delhi | Finance Minister Nirmala Sitharaman has announced on Friday the merger of 10 nationalised banks into four entities. This announcement comes after a...
The Satyam that was not
“With almost every bank and institutional lender having exposure to ILFS, its dangerous contagion effect would destabilise the entire banking and finance sector of India,...
Those who got away
“The banks’ woes continue not just because no worthy corporates are borrowing afresh, but moreso because there are new ones further emerging on the horizon”...
Chidambaram and shell companies
With the arrest of Mr. P. Chidambaram and the ongoing investigation in his case, the dubious role of shell companies, as a conduit and a...
RBI to transfer Rs. 1.76 trillion from surplus to the govt
New Delhi | The Reserve Bank of India (RBI) approved a record Rs.1.76 lakh-crore ($24.4 billion) payout to the central government, amid a slowing economy. The central...