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...
Category : Business & Finance
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...
Why so late?
“With a slowdown in the economy now evident in a sector after sector, and having also seeped into India’s services sector, what the Niti Ayog...
Amid economic slowdown, Moody’s cuts India growth to 6.2% for 2019
Singapore | Moody’s Investors Service has cut India’s gross domestic product (GDP) growth rate to 6.2 per cent for the year 2019, amid an economic slowdown....
Window dressing India
“Window dressing is either a blatant lie or a half-truth, both of which are not permissible” The Indian economy has been a victim of...