India’s advancement by 30 points to 100th in ease of doing business (EDB) rankings has been considered a good achievement by many. The lower the ranking the better is its position. A section of observers think that this will pave the way for higher investment in the economy. This is particularly i...
In consonance with the growth strategy through acquisitions, as outlined in the IPO in September, Bharat Road Network Limited (BRNL), a Srei initiative recently announced consolidation of 100% stake in Guruvayoor Infrastructure Private Limited (GIPL) by acquiring the remaining 51% shares in the proj...
India has stopped counting its poor; it is counting its billionaires to showcase what a section regards as economic prosperity. Economic growth is now perceived in the number of cars sold; in the number of rising internet connections or in the number of mobile phones manufactured in the country.Indi...
The recent announcement of a plan for infusion of money to the Public Sector Banks (PSBs) is certainly hopeful. This is done in order to strengthen the balance sheets of the PSBs as there are very few ways to resolve the matter. A few days ago, Pawan Bajaj, Managing Director and CEO, United Ba...
Amid demand for a further rate cut by Corporate India the Reserve Bank of India chose to keep the policy rates unchanged in its fourth bi-monthly monetary policy review early this month. The repo rate, the rate at which the RBI gives loans to commercial banks, was kept at 6% while the reverse repo r...
The rapid increaseof economic inequality in India has been a cause of concern. Amidst rural stress, near stagnation in industrial investment, falling GDP and most importantly reduced eployment opportunities, the wealth of the first 100 richest persons in the country has grown by 26%. More astonishin...
The August flood in Mumbai was a wake-up call for many categories of people- ecologists, politicians, business persons, etc. It is now clearly visible, how in the wake of natural disasters, business and the economy are affected adversely. The importance for insuring businesses has become a necessity...
The nature of household labour is such that it doesn’t directly come under contractual labour, which is influenced by monetary exchange. Yet household labour is essential for the survival of the economy. The contribution of this segment is rarely recognised in terms of GDP and its economic value i...
There is good news for employers who faced problems in transferring the provident fund accounts of their employees who chose to shift to other companies. Previously, the process to transfer the employee’s provident fund was cumbersome but with the newly introduced ‘Form 11’, issued by EP...
Richard Thaler, a behavioural economist has won the Nobel Prize in economics this year for his pioneering work in this field. The Royal Swedish Academy of Sciences, which awarded the £845,000 prize, praised Thaler for incorporating psychological assumptions into analyses of economic decision-making...