Bankers are upset with Modi's move to sanction loans of up to Rs 1 crore in less than an hour, call it an ‘election sop’ that could further increase their NPA level.
The IMF said it is closely monitoring the tension between the Ministry of Finance and the Reserve Bank of India (RBI) over the autonomy of monetary policy makers.
Narendra Modi government has taken this problem on in his inimitable style -- head on -- and completely, studiously avoided the short-cut temptation to restructure.
Macaulay’s intervention led to a colonial mentality in several sections of India. But because of English language, it also led to a lot of unintended consequences.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
A lot of NPAs are piling up under the MUDRA scheme as well.