Under the Ujwal DISCOM Assurance Yojana, or UDAY, states were to take over 75% of power utilities’ debts & include it in their fiscal deficit calculations.
Problem isn’t that banks are reluctant to pass on RBI’s rate cuts. It’s that the government leaves little enough for the private sector to borrow anyway.
India's projects related to BIMSTEC, Look-East-Act-East and Indian Ocean Rim Association could suffer a setback, impacting trade with South Asia and the South-South Cooperation agenda.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
Loss of green cover is not good news. Mumbai badly needs better infrastructure and environment-friendly and safe means of transport such as Metro. However, the selection of Aarey colony as a site for Metro car shed is a decision which can be debated. The Aarey colony case has brought into spotlight the ‘classic’ development-environment trade-off. The answers are not easy. One can only hope that efficient and successful implementation of the Metro project in the city neutralizes the damage done at Aarey in the long run.
One does not know how the reserves of the RBI are meant – statutorily – to be used. Presumably, to hand out umbrellas on a rainy day. Suppose in this case, the cooperative bank needs an immediate bailout of 5,000 crores, to be disbursed to its panic stricken depositors, and that it holds matching assets that can be realised with a time gap. If the RBI had not written out a cheque for 1.676 trillion, that would have been easier to do. Itna bada banking system hai, pahaad jitne NPAs hain, how could any reasonable person ever say the RBI has “ too much of reserves “ …
How could the RBI have been “ blindsided “ by something that was blowin’ in the wind, for at least three years now ? The uncharitable inference some are drawing is that it was deferring the bad news till the election was over. It is not just on cutting rates, whose futility has been noted today by Dalal Street. There is no longer any respectable distance between Delhi and Bombay. What one desires, the other delivers. By pure telepathy, no invocation of Section 7. Not good for the economy.
The bar for environmental clearances / concerns of citizens being addressed has to be set very high. Occasionally, a project of singular national importance like the Navi Mumbai airport justifies major relaxations. However, the mere fact that a development is a government project – like the Coastal Road – should not entitle it to matter of course exemptions. 2. In this case, the citizens of Bombay have made their voices heard, placed their concerns on record. That should continue.
Loss of green cover is not good news. Mumbai badly needs better infrastructure and environment-friendly and safe means of transport such as Metro. However, the selection of Aarey colony as a site for Metro car shed is a decision which can be debated. The Aarey colony case has brought into spotlight the ‘classic’ development-environment trade-off. The answers are not easy. One can only hope that efficient and successful implementation of the Metro project in the city neutralizes the damage done at Aarey in the long run.
One does not know how the reserves of the RBI are meant – statutorily – to be used. Presumably, to hand out umbrellas on a rainy day. Suppose in this case, the cooperative bank needs an immediate bailout of 5,000 crores, to be disbursed to its panic stricken depositors, and that it holds matching assets that can be realised with a time gap. If the RBI had not written out a cheque for 1.676 trillion, that would have been easier to do. Itna bada banking system hai, pahaad jitne NPAs hain, how could any reasonable person ever say the RBI has “ too much of reserves “ …
How could the RBI have been “ blindsided “ by something that was blowin’ in the wind, for at least three years now ? The uncharitable inference some are drawing is that it was deferring the bad news till the election was over. It is not just on cutting rates, whose futility has been noted today by Dalal Street. There is no longer any respectable distance between Delhi and Bombay. What one desires, the other delivers. By pure telepathy, no invocation of Section 7. Not good for the economy.
The bar for environmental clearances / concerns of citizens being addressed has to be set very high. Occasionally, a project of singular national importance like the Navi Mumbai airport justifies major relaxations. However, the mere fact that a development is a government project – like the Coastal Road – should not entitle it to matter of course exemptions. 2. In this case, the citizens of Bombay have made their voices heard, placed their concerns on record. That should continue.