The recent advance in GDP estimate of Central Statistical Office (CSO) for 2017-18 has been 6.5% on y-o-y basis. This has been the lowest in 4 years. But the government is hopeful about the turnaround of the economy. Some of the well known business papers are also very proactive to explain the reaso...
The RBI has been imposing PCA (prompt corrective action) in carrying out banking activities against several Public Sector (PSBs) banks to recover their financial health and improve their book values. As of now there are 11 banks on which restrictions have been imposed. What are the bases of impositi...
Kirit BudhbhattiPrincipal, Government registered valuers and Member of Arca Laudis International Network of ValuersQ. How do you explain India̕ s valuation quality compared to developed countries of the world?A. In developed countries valuers are trained in valuation before granting Licence for p...
Proper calculation of valuation of properties is very important for an economy. In India there is huge lack of transparency in calculating it. This is one of the sources of several corruptions. A well known example is the banking sector where valuation of property has an important role in its activi...
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...
People suffering from severe hunger is not a thing of the past despite progress in many other fronts. Even in the late 1980s when the reporter had been an undergraduate student, a number of economists were doubtful about the possibility of providing enough food at that time to all the citizens of th...
The SAARC was formed in 1985, headquartered at Kathmandu, Nepal. There are eight countries, Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Its observer States are Australia, China, the European Union, Iran, Japan, Mauritius, Myanmar, South Korea and the United Stat...
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...
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...
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...
