The recent GDP data of CSO (Central Statistical Office) have caused sharp criticism among a section of economists and other observers, as it has shown only a marginal impact of demonetization in GDP in the Q3 of FY 2017-18. The IMF and RBI, among other organizations have slashed India’s GDP estima...
At a time when China, the world’s fastest growing economy till recently, has opted for the lowest economic growth target in over 25 years, pegging it at 6.5% in 2017-18, India’s GDP has grown at a healthy 7% in the fiscal third quarter belying grim forecasts inspired by the impact of demonetisat...
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...
After the immediate euphoria over the Budget is over Indian entrepreneurs, promoters, start-ups, and industrialists are not only concerned but are worried about the three draconian proposals of the Budget.First, the freedom to government officials to “Search/ Survey” with no accountability: Sect...
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...
Bariatric surgery (a keyhole surgery for obesity and diabetes) has increasingly become popular in our country because of its profound efficacy in managing severe obesity and diseases produced by it such as type 2 diabetes, heart disease, sleep apnea, arthritis, infertility, etc. Angrisani et al publ...
In a major move towards banking consolidation the authorities – the Union Government and the State Bank of India (SBI) Board- have decided to merge the associate banks with the SBI. The central board of directors of the SBI has already accorded its approval to the scheme of acquisition of the Stat...
G. ChoudharyThe Goods and Services Tax (GST) in some form is in place in over 150 countries. India is implementing a dual GST system, which is relatively uncommon. GST is found to be useful for the tax authorities because it has relatively low collection costs and is easy to administer as most of th...
The freight revenue of the Indian Railways (IR) has decreased by10.3% in the first quarter of the FY 16-17 to` 25,503 compared to last year. It is to be noted that the growth of revenue of IR in 2015-16 was also the lowest in half a decade. The main weakness was falling freight volumes. The freight ...
The cement demand has started improving in 2016. Cement production increased 8% in February 2016 and 11% in March 2016 over the same period of the last year after 11 months of slow growth or contraction. Most of the cement compa-nies have admitted that there was an improvement in the cement demand f...
