M Narendra Modi, in an oblique reference to the BRI, said any mega connectivity project must respect sovereignty and territorial integrity of the countries involved.
RBI’s supervisory capacity needs strengthening — including better training, more specialization and longer tenures for officials, among other measures that the bank itself has recommended.
Clean energy is “no longer the sideshow, it is the show”, BVR Subrahmanyam told the Odisha summit, warning India to lead the global shift or risk others’ tech dominance.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
Without personalising the issue, the reluctance of the Board or even the authorities to act decisively when a detailed, easily verifiable complaint was received two years ago is symptomatic of a larger tendency to sweep stuff under the carpet. The figure of $ 210 billion was much smaller in May 2014. Purposive action to address stressed loans ought to have started with the first Budget and been one of the priorities of the finance ministry. Apart from the odour which men like Vijay Mallya and the James Bondish Nirav Modi bring to the incumbent, the stasis in the banking system, with fresh credit disbursement slowing down, adding to the economic slowdown will hurt electorally. Individuals overshadowing institutions to their detriment is an old Indian affliction dating from the time Ms Chanda Kochhar was in high school.
Without personalising the issue, the reluctance of the Board or even the authorities to act decisively when a detailed, easily verifiable complaint was received two years ago is symptomatic of a larger tendency to sweep stuff under the carpet. The figure of $ 210 billion was much smaller in May 2014. Purposive action to address stressed loans ought to have started with the first Budget and been one of the priorities of the finance ministry. Apart from the odour which men like Vijay Mallya and the James Bondish Nirav Modi bring to the incumbent, the stasis in the banking system, with fresh credit disbursement slowing down, adding to the economic slowdown will hurt electorally. Individuals overshadowing institutions to their detriment is an old Indian affliction dating from the time Ms Chanda Kochhar was in high school.