A State Bank of India report says this will put pressure on these states’ infrastructure, and widen income distribution gap between the south and north.
The bank’s first quarterly profit in 12 months is no doubt an encouraging sign, though net income of $129 million on a $284 billion loan book is hardly worth celebrating.
Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.
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.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
If the Ruias cough up what they owe to the banks, that should be welcomed with a shower of rose petals. The new bankruptcy procedure and structure should be seen not so much as a rule based, fair, transparent mechanism as a lever to twist a little / lot more compliance from borrowers. The reality of how the system works is known to all serious participants, including Shri Lakshmi Mittal. Unfortunate, but nothing has changed in recent times.
If the Ruias cough up what they owe to the banks, that should be welcomed with a shower of rose petals. The new bankruptcy procedure and structure should be seen not so much as a rule based, fair, transparent mechanism as a lever to twist a little / lot more compliance from borrowers. The reality of how the system works is known to all serious participants, including Shri Lakshmi Mittal. Unfortunate, but nothing has changed in recent times.