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Off The Cuff with Deepak Parekh

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.
Workers at a road construction site pictured in Bhopal, Madhya Pradesh | Anindito Mukherjee | Bloomberg

India’s crawling infrastructure projects to be delayed further by Covid and lockdown

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.
Shaktikanta Das

Mega projects can reignite economy but infra NPAs for banks remains high, says RBI governor

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 under-construction Zuari bridge in Goa (representational image) | Photo: ANI

With growth in mind, finance ministry asks infrastructure ministries to ramp up spending

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.
A medic conducts door-to-door testing in New Delhi | Photo: Manisha Mondal | ThePrint

As India’s soldiers secure borders, ICMR is protecting Indian lives inside them

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.
File image of PM Narendra Modi at the 150th anniversary of the Kolkata Port Trust | PTI

India isn’t ready yet for foreign companies that want to quit China

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 student attends a welding class during vocational training at the Infrastructure Leasing & Financial Services (IL&FS) Institute of Skills in New Delhi, India

Asset monetisation, new finance firms — govt panel suggestions to raise infra 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.
Construction of the high-speed railway in Heze, Shandong Province on Feb. 23.

With $600 billion bet on infrastructure, China plans to build its way out of virus slump

China plans to issue special bonds and splurge their proceeds like it did after the 2008 global financial crisis – on roads, airports, and railways.
Representational Image | Stefan Wermuth | Bloomberg

Not a win-win situation — why we should not work from home after the Covid-19 lockdown

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.
A customer uses an automated teller machine (ATM) at a State Bank of India Ltd. (SBI) branch. | Photographer: Karen Dias | Bloomberg

Vodafone to NHAI to SBI to solar power — Why ‘cheapest’ mantra is creating havoc in India

Catering to the bottom of the pyramid with ‘cheap’ services has forced many businesses in India’s infrastructure sector to go belly up.

On Camera

A woman in a marketplace deserted due to lockdown in Lucknow, Uttar Pradesh | Photo: ANI

India isn’t facing up to the true financial cost of Covid

Truth is currently as scarce as capital in India. The govt doesn’t have the appetite for large-scale socialisation of private losses, lest the opposition accuse PM Modi of cronyism.


A file photo of Pangong Lake in Ladakh | Visharad Saxena | Special arrangement

India, China generals meet today as ‘PLA keeps up Pangong incursions, blocks army at Depsang’

The fresh round of dialogue comes as India and China have hit a stalemate in military talks with regard to disengagement at multiple flashpoints in Ladakh.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.