Getting a loan isn’t easy. Satyam Kumar, Co-Founder, LoanTap, spoke to BE’s Ankita Chakraborty about the present lending industry and how his company is working towards providing hassle-free lending services.Q. What was the idea behind LoanTap? How does it work?A. Until a few years ago, traditio...
Hemant Kanoria, Chairman and M.D., Srei and Trustee, Kanoria Foundation (third from the right), with Suresh Prabhu, Union Minister of Commerce and Industry and Civil Aviation, Amitabh Kant, CEO, Niti Aayog, along with the delegates at the International Business Congress in Delhi. The Internatio...
The International Monetary Fund (IMF) released its first bi-annual report on World Economic Outlook (WEO) in mid April, 2018. The WEO is issued usually ahead of the routine Spring IMF and World Bank meetings in Washington D.C, where world leaders, finance ministers and non-governmental organisations...
Non-performing assets (NPAs) have become a major challenge for both public and private sector banks in India. In the exuberant milieu that started way back in 2004-05 and continued for three years until the global financial crisis in 2008, large corporations conceived major project proposals in capi...
Arguably, the year will be remembered and referenced in days to come for a mixed bag of economic events. If it was for the ushering in the GST regime in the country on the one hand, the unmasking of banking frauds that unfolded the NPA mismanagement story in the Indian banking system, should be the ...
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at the end of its first bi-monthly meeting of the new fiscal year on April 5, 2018, took the decision to maintain its benchmark repo interest rate at 6%. This decision has been taken for the next two months. Consequently, the rev...
Nobel Laureate and economist Paul Krugman has recently remarked that lack of employment poses the biggest risk to India even as he has remained optimistic about the growth story that will be driven by the world’s fastest-growing economy’s young population.With the fear that India is experi...
The Ministry of Tribal Affairs, Government of India, is responsible for the planning and coordination of programmes aimed at the development of tribal communities. Their main objective is to provide a more focused approach on the integrated socio-economic development of the Scheduled Tribes (S...
Around 65% of India’s population is composed of young people. The Indian economy has a large pool of educated and trained young people. But it is also an established fact that unemployment is growing in India and there is dissatisfaction among the youth. Dependence on agriculture is decreasing. Fr...
It started with the first shot in the trade war fired by the US President Donald Trump. It was not unexpected, as he fought his presidential election campaign promising action against “unfair trade practices” and “manipulative exchange rate” polices of China and vowed to protect American job...