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Deepak Parekh, Chairman of HDFC Ltd, India's largest housing finance company, was the guest at ThePrint's Off the Cuff. In a conversation with Editor-in-Chief Shekhar Gupta, Parekh talks about the stressed financial system and how the sector could see consolidation in the coming months. He was also optimistic about demand recovery in the coming months and advocated aggressive asset monetization and disinvestment to create fiscal space. Parekh also cautioned against blindly printing money. Parekh said builders should look to provide discounts and clear their housing inventory in the coming months.
Construction of everything from roads to ports were already behind schedule by an average 3.5 years, according to an analysis by the Indian govt.
In an address to the CII, Das stressed the need for alternative sources of infra financing, and pushed for early completion of FTAs with US, UK and EU.
The decision to increase infrastructure spending comes at a time when the Indian economy is forecast to contract by more than 5 per cent in 2020-21.
ICMR’s Covid programme has proved to be a flag-bearer of Atmanirbhar Bharat as we have worked in close coordination with the domestic healthcare industry to make India self-sufficient in testing.
India's fascination with the 'Ease of Doing Business' rankings hasn't served it well. Vietnam ranked below India but has attracted more foreign investment.
A report by National Infrastructure Pipeline task force suggested a mix of public and private investment options to meet the ambitious Rs 111-crore target.
China plans to issue special bonds and splurge their proceeds like it did after the 2008 global financial crisis – on roads, airports, and railways.
Companies adopted work-from-home policy to contain the spread of coronavirus but the lack of a boundary between work and home can impact family dynamics.
Catering to the bottom of the pyramid with ‘cheap’ services has forced many businesses in India’s infrastructure sector to go belly up.