Global media also reports on RBI's battle to protect the rupee from the Iran war fallout; shocks to India's macroeconomics and cooking gas sectors; and how the CBFC blocked an Oscar-nominated film.
For too long, sales misconduct has been treated as an operational issue created by overzealous relationship managers. The elevation of the issue to the board level signifies that mis-selling is a governance failure.
Committee on Petitions flags disproportionate charges, even as RBI allows penalties. Collectively, banks amassed a staggering Rs 28495 crore in the past 5 years as MAB charges.
REITs, which own and operate income-generating office parks, malls and warehouses, are emerging as a key route for institutional capital to access property market.
Union Budget brings home to markets the unpleasant reality of fiscal dominance where RBI ends up prioritising deficit financing over its primary function of inflation control.
RBI data shows personal loans tripled in six years, with rising slippages; real wages halved as middle class uses loans to maintain lifestyle fuelled by social media.
Proposal to restart licensing is welcome, but Rs 300-crore minimum capital requirement could mean only handful of credit societies qualify, say sector executives
Advice comes at a time when India accounts for a 5th of global generic drug supply & 40% of generics used in US. However, this strength in finished formulations relies on imported ingredients.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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