RBI’s supervisory capacity needs strengthening — including better training, more specialization and longer tenures for officials, among other measures that the bank itself has recommended.
Reasons for the squeeze range from farm spending to looming elections, but its roots lie in Modi’s 2016 decision to overnight void 86 percent of currency in circulation?
An RBI survey shows that manufacturing firms are not confident of an increase in domestic demand, even as the central bank predicts higher demand and investment.
Investment banks such as Goldman Sachs Group Inc. expect India to grow at 7.6 %. The pace is probably insufficient for PM Narendra Modi to create enough jobs in time for the national elections due next year.
The central bank's decision is expected to help extend a rally in the bond market, triggered last week when the government cut its first-half borrowing plans.
Many offices in Telangana have asked their employees to work from home because of heavy rainfall, but it has become impossible due to the internet outages.
The Navy has always been on board with the theaterisation plan, but the Air Force feels splitting up air assets into several theatre commands is futile & will tie up critical systems.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
What the column does not touch upon is the role a sickening economy is playing in exacerbating the problem of NPAs. These have grown from about two trillion in 2014 to about ten trillion today. Whole sectors – banking itself, steel, telecom, power, real estate – are in trouble. A strongly growing economy would have mitigated the problem to some extent. Addressing the issue head on four years ago would have been the right thing to do. 2. The original complaint of 2016 was remarkably clear and detailed. There is no way either the ICICI Board or the RBI or the other regulatory / enforcement authorities to whom it was sent could have glossed over it, absent a fervent desire to shield Ms Chanda Kochhar.
What the column does not touch upon is the role a sickening economy is playing in exacerbating the problem of NPAs. These have grown from about two trillion in 2014 to about ten trillion today. Whole sectors – banking itself, steel, telecom, power, real estate – are in trouble. A strongly growing economy would have mitigated the problem to some extent. Addressing the issue head on four years ago would have been the right thing to do. 2. The original complaint of 2016 was remarkably clear and detailed. There is no way either the ICICI Board or the RBI or the other regulatory / enforcement authorities to whom it was sent could have glossed over it, absent a fervent desire to shield Ms Chanda Kochhar.