The murky bad loan mess in the Indian banking system has turned murkier. While the efforts to recover public sector banks’ non-performing assets (NPAs), worth Rs 10 lakh crore, are yet to yield tangible results, the government seems alarmingly divided on the genesis of the NPA problem.
Are bad loans in banks the result of an organised p [...]
There is absolutely nothing to be excited about as the Narendra Modi government prepares itself to present its last full Budget. Budget 2018, will in fact, usher in an era of listless budgets in the country. This statement may sound strange given the hoopla surrounding the Budget presentation on February 1.
Given the fact that the consumer q [...]
While Prime Minister Narendra Modi’s unprecedented move to temporary demonetise Rs 500 and Rs 1,000 notes is expected to bring in a host of positives, it will also set off major administrative and logistical challenges at the outset, not to mention the plight of common people.
The government and Reserve Bank of India (RBI) will do well [...]
Contrary to the euphoria and costlier-cheaper headlines, the Constitution (122nd Amendment) Bill 2014 doesn’t spell out even the outline of the GST that India is expected to get in the future.
The passing of the GST Bill is just the beginning of a tedious political and operational voyage that should ultimately result in the implementat [...]
An important step in clearing our institutional financial system of the cobwebs it has gathered over the years has now been reversed, with Mr. Arun Jaitley announcing deferment of his plan to set up an independent public debt management authority, which he had promised in the budget presented earlier this year. Till now, Reserve Bank of Indi [...]