In conversation with ThePrint's Editor-in-Chief Shekhar Gupta, Chief Economics Commentator at The Financial Times, Martin Wolf discussed India's fiscal deficit, banking sector and its potential in the global market.
Legacy of bad loans, NBFC implosion & historic bailout have left banks weakened coming into lockdown, which has stalled economy & led to surge in unemployment.
Unions participating in the call for a nationwide strike said they were opposing govt policies on bank mergers, privatisation, fee hike and wage-related issues.
S&P said if an Indian bank got into trouble, the contagion could spread to other banks “perceived to be struggling” with the same problems as failing banks.
Tata Motors, HDFC Bank, Bharti Airtel and Asian Paints were the only gainers, rising up to 1.97 % after stock-specific sell-off in index heavyweights dragged key indices lower.
Bankers are upset with Modi's move to sanction loans of up to Rs 1 crore in less than an hour, call it an ‘election sop’ that could further increase their NPA level.
Experience has taught bankers not to worry about the downside. The government bailed them out with no personal repercussions and without fundamentally changing the system.
Siddaramaiah govt’s five schemes strain finances as GST changes hit revenues; debt to jump nearly Rs 80,000 crore. State also plans to auction liquor licences & extend bar timings.
Contract for construction of four MILGEM-class ships was signed in 2018. PNS Bedir is to be delivered by June 2026, while PNS Tariq is due for delivery in first quarter of 2027.
If Pathaan gave both conservatives and liberals room to hide, Dhurandhar extends no such courtesy. Aditya Dhar ripped open that tent of hypocrisy and turned the knife.
Where there is a will there is a way.We the Indians should think positively,work hard to achieve our goal.There is nothing impossible.If China can do it or other developed countries doing best in manufacturing sector then it is not impossible for India.It shouldnot allow negative thinkings.It may take time but not impossible.Learn from the story of rabbit and tortoise race.
Are these renowned economists only to predict the shortcomings? Why can’t they suggest ways to indigenously overcome the situation?
Where there is a will there is a way.We the Indians should think positively,work hard to achieve our goal.There is nothing impossible.If China can do it or other developed countries doing best in manufacturing sector then it is not impossible for India.It shouldnot allow negative thinkings.It may take time but not impossible.Learn from the story of rabbit and tortoise race.
True. Meanwhile alternative sourcing can done from Taiwan and Vietnam….