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.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
A lot of NPAs are piling up under the MUDRA scheme as well.