Cleaning up bank balance sheets might stem current slump, but until lenders see major set of new opportunities, Indian economy won’t return to rapid growth.
The Union Budget 2020 should focus on creating a coherent and viable policy framework for lending to MSMEs, including making it a core business activity for banks.
Innovative platforms like Amazon, Google, Facebook, and Uber wouldn't have been so successful without the class of silent public technology investment.
RBI data suggests bad loans issue is anything but resolved and coupled with the larger economic slowdown, bankers’ proclamations can’t be taken too seriously.
What the disproportionate focus on macroeconomics misses is fact that to increase economic growth, you need to change behaviour of individuals and firms.
If there is bad blood between the CEC and the Opposition leaders, it will shake the people’s faith in election results. It’s the worst thing that could happen to Indian democracy.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The deal, believed to be paid for by a third nation, will give the Sudanese Armed Forces access to light attack aircraft, engines, armoured fighting vehicles & unmanned aerial vehicles.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
Waife problem