As Maggi controversy alters the household consumption habits, the retail inflation is going to make changes in the family budgets as pulses and protein-rich food items turn expensive. Consume
Diwali is likely to be a subdued affair this year as middle and lower income families cut their festive spends by 43%, a survey by industry body ASSOCHAM has said. The study has attributed this red
US President Barack Obama today said both Al Qaeda and ISIS pose a direct threat to the US and "even without ISIL, instability will continue for decades in many parts of the world - in the Mid
The associated chamber of commerce of India [ASSOCHAM] has asked the Narendra Modi government to change the definition of NPAs [non-performing assets] – from the present 90 days limit t
On Christmas eve, I met a close friend at a party. As we greeted each other, her face looked grim. I could not figure out the reason for the unusual tension on her face. When I aske
Over a period of time, banks may go in for mergers, consolidation and lots of thinking was going into the entire process, said Banks Board Bureau chief Vinod Rai. “The entire p
In 2016, about 69 million consumers purchased online and the number is expected to cross 100 million by 2017 with the rise of digital natives, better infrastructure in terms of logistics, broadband
India needs over 80 lakh hotspots with a view to reach the global level of one Wi-Fi hotspot penetration for every 150 people, said a joint study carried out by ASSOCHAM and research firm Deloitte.
If fighting black money is the aim, demonetisation is the wrong weapon, says India’s largest and oldest business body. “Demonetisat
The fine print of the electoral bond scheme for donations to the political parties by businesses and wealthy individuals should aim at maximising clean-up of the system and transparency in politica
The Asset Reconstruction Companies (ARCs) have been sold Rs 2.44 lakh crore worth of gross non-performing assets (NPAs) even as the current stock of stress in the Indian banking system is est
The most economically developed states are not adequately adding to skillsets, which may result in severe shortages of skilled manpower in th
Aadhaar cards have facilitated payment of as much as Rs 83,184 crore to beneficiaries of the Direct Benefit Transfer (DBT) schemes, said a study. An ASSOCHAM–
By 2020 India’s e-waste from old mobiles and computers will rise by about 1,800 percent and 500 percent respectively as compared to the levels in the year 2007, according to an ASSOCHAM-KPM
The union government is building robust agri-value system in collaboration with private players to transform agriculture sector from pure production system into an agri-business, said a top officia
Digital India program has the potential to provide an incremental 20-30 percent increase in India’s GDP by 2025. Since its launch in July 2015, significant progress has been made in several i
The government will soon amend the law making obligations under power purchase agreement (PPA) statutory binding, said union power minister RK Singh. “I have called a meeting o
If the change of perception for PSU banks, post the mega capital infusion scheme is any indication, dilution of government equity up to 52 percent in the state-owned lenders can fetch valuation muc
The hiring outlook in the private sector is expected to stay muted till beginning of fiscal 2018-19, an ASSOCHAM assessment based on its feedback from members has indicated. "T
After ”disruptions" like lingering demonetisation effect and GST roll-out, the Indian economy may reach a 7 percent growth in 2018 with government policies tilting towards the stress-rid
As many as 24 power projects with 41.81 GW capacity may be under a severe financial stress, but the troubled sector still holds hope in growth drivers including higher demand from the Railways, pro
Gross NPAs are expected to rise from Rs 8 lakh crore in March 2017 to Rs 9.5 lakh crore by March 2018, which is about 10.5 percent of total advances, while stressed assets are expected to be at Rs
Nearly 4 percent of India’s GDP is estimated to have been lost due to malnutrition and certainly women and children deserve a better deal in expenditure outlay, since the country hosts 50 per
The Punjab National Bank`s fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50 percent in the banks which should t
All out efforts must be made by banks, regulators, government and India Inc to limit the collateral damage from the fraud in PNB, said Assocham. It cautioned over-reaction by the ban
The PNB fraud involving Nirav Modi seems to have shaken the confidence of diamond jewellery buyers, especially from the unorganised jewellers, on purity concerns, resulting in drop in business in t
