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.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
India exited the Indo-Russian FGFA programme in 2018. But now it might procure at least 2 squadrons of Su-57 aircraft from Russia and evaluate Russian proposal to manufacture them in India.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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.