Amid demand for a further rate cut by Corporate India the Reserve Bank of India chose to keep the policy rates unchanged in its fourth bi-monthly monetary policy review early this month. The repo rate, the rate at which the RBI gives loans to commercial banks, was kept at 6% while the reverse repo r...
There is bad news for Indian Finance Minister, Arun Jaitley. The impact of the Goods and Services Tax (GST) on prices has been counted adversely for the second month running and has increased the uneasiness of the Finance Minister who had promised the country that the GST would have no or marginal a...
The Indian real estate sector is in the midst of major transformation: demonetisation, RERA, REIT, CLASS, affordable housing, and the GST will have a far reaching impact on the landscape of the sector in the coming years. Although the real estate sector in India is considered to be the most promisin...
If the fall in GDP growth in the last quarter of 2016-17 was an indication that the country was moving towards a low growth trajectory, an even slower growth during April-June 2017 must have confirmed this fear. India’s economic growth has slipped to a three-year low of 5.7% in the first quarter o...
Place: Transit Camp on the Ninth Sky. Year: 2050Men at the transit camp on the Ninth Sky are agitated; the Mangalyaan that is to take them back to the Earth is late. It would come from Sriharikota with a fresh group of travellers to Mars and take those back to Earth who have come back from Mars and ...
New Delhi is happy that India’s external debt has declined. Aggregate external debt declined 2.7% to $ 471.9 billion at the end of last fiscal against $ 485 billion as on March 31, 2016. The decline was primarily caused by a fall in NRI deposits and that of external commercial borrowings (ECB). NR...
Healthcare has been a major development goal. And if resource constraints have not always allowed the government to give the sector its due financial support, the involvement of the private sector has seen the sector grow at a brisk speed in recent years.Healthcare has become one of India’s highes...
“Risk comes from not knowing what you’re doing,” warned Warren Buffet, the iconic American businessman, investor, and philanthropist, to investors. Beginning as a small stock investor in Wall Street, he is now the second richest person in the US.But then he was Warren Buffet. What was possible...
“GST is a great step by Team India, great step towards transformation. This can’t be seen as a victory of a party or government, it is a win for the democratic ethos of India. We say a lot about corruption but to eradicate it is important to strengthen our system as well”- was how Indian Prime...
India’s public sector banks are at the crossroads where they are supposed to remain healthy without giving up social responsibilities; they need to undertake risky experiments, yet perform well. India’s banking industry is a study of contrasts; on the one hand it is acting as the growth dr...
