After Sensex dropped to 23.4 Tuesday, some investors judged the selloff as excessive which rebounded Indian stocks.
Mumbai: Indian stocks rebounded as some investors judged...
If this step even partially achieves its desired results, there will be so much dislocation in the country’s economic structure as to prove a national calamity, advocate AG Mulgaokar wrote in 1969.
Recommendations appear in Niti Aayog’s Tax Policy Working Paper Series–II. It says there is a need to shift away from fear-based enforcement to trust-based governance.
In service with the British military since 2019, it is also known as the Martlet missile. Ukrainians have also deployed these missiles against Russian troops.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
There are no noble polititionwho thinks that nation is imp and not the power in Delhi. This is especially by CONGRESS GUYS. so the irony. Never use religion as vote bank specially muslims
It’s easy to preach tough love. But it is nonsensical when NBFC’s are funding 40% of Indias infrastructure development. The writer says, “if a firm or three go under so be it”. Its a ridiculous argument. When 3 subsidiaries of IL&FS (which had 300+ A+ rated subsidiaries) went down, the whole sector lost access to bonds and crashed to ground. Unlike NBFCs in other countries, ours can’t raise money from banks beyond 15% because of RBI rules. It’s easy to lecture about managing long term funds. But what company gets 20-50 year bonds to fund roads or housing? Their only option is markets, which is increasingly blocked out.
The NBFCs fund more than 40% of India’s infrastructure. The writer’s suggestion would bring entire Indian economy to halt. How many Indians are willing to lose their under construction houses because the writer wants to show tough love? Yes some NBFCs may need liquidation, but allowing massive panic and liquidity crisis is a recipe for disaster. The only people who will benefit from such hair-brained move would be short sellers while normal Indians would have their lives destroyed. Even the US funded its banks and auto industry to avoid systemic meltdown. History has shown us it was a good decision.
There are no noble polititionwho thinks that nation is imp and not the power in Delhi. This is especially by CONGRESS GUYS. so the irony. Never use religion as vote bank specially muslims
It’s easy to preach tough love. But it is nonsensical when NBFC’s are funding 40% of Indias infrastructure development. The writer says, “if a firm or three go under so be it”. Its a ridiculous argument. When 3 subsidiaries of IL&FS (which had 300+ A+ rated subsidiaries) went down, the whole sector lost access to bonds and crashed to ground. Unlike NBFCs in other countries, ours can’t raise money from banks beyond 15% because of RBI rules. It’s easy to lecture about managing long term funds. But what company gets 20-50 year bonds to fund roads or housing? Their only option is markets, which is increasingly blocked out.
The NBFCs fund more than 40% of India’s infrastructure. The writer’s suggestion would bring entire Indian economy to halt. How many Indians are willing to lose their under construction houses because the writer wants to show tough love? Yes some NBFCs may need liquidation, but allowing massive panic and liquidity crisis is a recipe for disaster. The only people who will benefit from such hair-brained move would be short sellers while normal Indians would have their lives destroyed. Even the US funded its banks and auto industry to avoid systemic meltdown. History has shown us it was a good decision.