Hidden bad debt is a blow to the sector given that half of India’s 22 government-controlled banks are already under the Reserve Bank of India’s strict Prompt Corrective Action program that restricts lending and expansion.
Copper is used in electronic vehicles, making pipes and wires, the order to shut the smelter will cut India's production about half, increasing its dependence on import.
The government, in these four years, hasn’t been able to render Indian companies more competitive. India's exports are historically low as a proportion of GDP and job growth has been minimal.
The money from Mittal’s Bharti Group would help the owner of Hoxton chain acquire and convert properties in trendy urban areas in U.S. and European cities into hotels.
Tamil Nadu government set up an inquiry after nine people were reported killed this week in protests against the copper smelter. Villagers complained that pollution was hurting locals’ health.
There are signs that foreign lenders are growing more selective with Indian loans, even as they cheer that the nation is moving toward cleaning up about $210 billion of non-performing assets.
Other emerging nations have also joined the chorus of criticism on rich countries’ lack of progress on emission cuts and funding to adapt to the increased frequency of storms, droughts and floods.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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