Indian mobile manufacturing industry is expected to touch Rs.1,32,000 crore by end of 2018, said Ravi Shankar Prasad, Union Minister, of Electronics & Information Technology said at an ASSOCHAM event held in New Delhi.India manufactured about 110 million mobile phones in 2015-16 as compared to 6...
Way back in 2008, when Arjun Shetty and his wife Rati, both working in Seattle, USA, were exploring various options which included re-locating to India, they started looking for financing avenues for setting up their home in Chennai. “We found the system to be laborious. We had to go from pillar t...
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...
