Senior officials at several global funds that manage huge investments have stated that these problems could cause the destabilisation of the Indian economy.
Hanan Odah, a Palestine refugee is living proof that as large businesses collapse, small-scale enterprises can survive and even thrive in the grassroots markets.
New provisions were introduced in EPFO’s Citizens Charter 2017 in an attempt to bring transparency, accountability to make the organisation more efficient.
While the loans are costlier than those offered by banks, which charge around 12% on average, they are processed more quickly and require little paperwork.
IDBI, which is almost 74% owned by the Indian government, had a net bad loans ratio of 9.61% as of December and will be the first lender to come under the RBI’s central bank curbs.
Bankers and analysts said the changes to legislation did not do enough to resolve the complex insolvency process or a much-needed bank recapitalisation.
The markets argue that pursuing a specific 4% target takes away the flexibility needed in an economy that must grow by at least 8% to allow for full employment.
Thousands of ordinary Indians are investing in stocks for the first time, as a result of a drive by Prime Minister Modi to channel savings into stocks and mutual funds.
Multiple indicices show that the economy may not have recovered fully from the demonetisation move yet, indicated by slow rises in output and employment.
Originally a financial tool used for social good, microfinance is now increasingly used to generate money.
While the case may have been stalled due to political pressure, SEBI’s decision shows that Reliance should have acted in a more even-handed manner.
From mandatory Aadhaar and compromised tribunals to opaque political funding, this year’s Finance Bill has it all.
Radhakishan Damani’s retail chain gives its customers less, makes more than its rivals and just had a spectacular trading debut.
The costs that Ola and Uber inflict on the financial and physical health of their driver-owners, road space and safety and city transport infrastructure are too significant to be left to Silicon Valley-based venture capitalists.
Black money may be funnelled away in tax havens, but it is all controlled out of London, where Indian and other billionaires are happy to be based.