The RBI, which cut interest rates to the lowest in 9 years to support growth, has found that the current situation index fell from optimism to pessimism.
The circular issued on 12 February 2018 said that lenders have to provide a resolution plan within 180 days for large accounts of Rs 2,000 crore and above.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
There are reports that the amount that may be transferred will be about three trillion, spread out over three years. More importantly, it will be used to pay the government’s own bills for tea and biscuits. For that matter, even if it had been used for bank recapitalisation, it would still have been a salvage operation for the fisc. Converting gold into dross. 2. Saw a year old TEDx talk by Dr Viral Acharya, a sort of basic lecture for students on banking. What came through was simplicity, clarity of thought, a capacity not to dissemble. Not qualities much in demand nowadays.
There are reports that the amount that may be transferred will be about three trillion, spread out over three years. More importantly, it will be used to pay the government’s own bills for tea and biscuits. For that matter, even if it had been used for bank recapitalisation, it would still have been a salvage operation for the fisc. Converting gold into dross. 2. Saw a year old TEDx talk by Dr Viral Acharya, a sort of basic lecture for students on banking. What came through was simplicity, clarity of thought, a capacity not to dissemble. Not qualities much in demand nowadays.