Dear Readers,Banks: Lending, Fraud, Failures, Survival:The Indian Penal Code defines fraud as any dishonest act and behaviour by which one person gains or intends to gain advantage over another.History establishes that there is uncertainty in any business enterprise. There is no guarantee as t...
With most trucks off the road, the transportation sector is facing a substantial reduction in its business. Naveen Kumar Gupta, Secretary General, All India Motor Transport Congress (AIMTC), spoke to BE’s Kuntala Sarkar regarding the ongoing crisis.Q. The central government is planning to resume t...
Indian banks have proved to be brave essential service providers during the Covid-19 pandemic. Customers are happy but the banks have suffered severely as the lockdown impacted credit delivery and eroded asset quality. Over the last seven years, banks were cleaning up their balance sh...
Yoga is an art and science of human life. It is a useful technique to keep one physically fit and mentally prepared to discover the real nature of consciousness. This quest has been the foundation of all great Yogic teachings and the goal of many great mystics. There is evidence in histor...
I read a book by Laura Spinney called the ‘Pale Rider’, which is on the Spanish Flu of 1918, a disease that killed a hundred million people worldwide. Two hundred and sixty pages is a lot of reading time, so here are the salient points. History is teaching us an important lesson. ...
I couldn’t believe my ears when I heard village children talk of coronavirus while waiting for the school to open on a Monday morning (March 16, 2020). I knew about the disease from phone calls with my family in Europe and, honestly, I felt safe in a remote Sundarbans village in West Benga...
The trade war between the United States of America (USA) and China, the world’s the first and second largest economies began as a ‘cold war’ much before President Trump assumed office in 2017. China, which was accused of manipulating its currency to make its exports cheap, be...
The Confederation of All India Traders (CAIT), an apex industry body for traders, recently pointed out that the Indian retail sector has lost Rs 5.5 lakh crore in the first 40 days of the lockdown. Besides, it is also projected that at least 20% of the Indian traders will wind up their busines...
Pandemics of the 21st centurySwine flu (2009-2010The pandemic was caused by an H1N1 virus strain. In March 2009, the virus was found to be transmitted among people fast. This resulted in respiratory infections with mild to severe symptoms. The initial cases were reported in Southern California...
According to an article written by economist C.P. Chandrasekhar and published in the January 2020 issue of The Economic and Political Weekly, “As in September 2019, there were 9642 Non-Banking Financial Companies (NBFCs) out of which only 82% of India’s NBFCs were deposit taking institutions (NB...