After the 3rd quarter’s results of the banking industry there has been an impression among a section of observers that the health of banking, particularly, the PSBs’, may turn better in the near future. Sixteen private banks’ growth of net profit has been down close to 14%, collective profit o...
When the globalization process had been going on, I can remember a section of my university teachers and also the mainstream media saying that India’s depleted foreign exchange was the main reason behind the implementation of an open economy system or a global economic system at the beginning of 1...
On the eve of stepping down from the gubernatorial post of the Reserve Bank of India, Dr. Raghuram Rajan underlined the need for some important changes in the financial market in India. An important one was to reduce the bank-dependence of the investors. As of now, the investors, particularly, the c...
Prime Minister Narendra Modi started the ‘Make in India’ campaign to make India a global manufacturing hub.The success of China in this regard can be an influencing factor. This reporter touched on this matter in the previous issues of BE and mentioned that quite a number of countries have tried...
Kishore Kumar BiswasRecently, ASSOCHAM India published its “Action Plan for the New Government of West Bengal”. The Plan hopes to create one crore jobs and attracting ` 10 lakh crore investment in the next five years in the state provided a lot of measures are taken by the government. Suni...
Kishore Kumar BiswasThe benchmark monetary policy rates of Reserve Bank of India (RBI) are going to be decided by a broad basedcommittee instead of the on-going practice of deciding them by the Governor of the RBI. The policy rates, in many countries who have adopted inflation targeting, are decided...
The twenty-second session of the inter-governmental group on tea was held at Naivasha, Kenya, on May 25-27. Ninety-two delegates were present from all the tea producing countries of the world. At that session, different problems relating to tea industry and their possible solutions were discussed at...
Years have passed but the implementation of the most important and revolutionary tax reform in India, the Goods and Services Tax (GST) has been delayed. The recent meeting of the Empowered Committee of GST was convened in Kolkata. The Chairman of the Committee was Amit Mitra, Minister, Finance...