Moody`s Investors Service and its Indian affiliate, ICRA Limited, see subdued prospects for India`s banks, with both identifying asset deterioration as a key challenge over the medium term. "Asset quality will remain a negative
Direct tax and indirect tax collection figures for the period April 2016 to December 2016 have shown a positive trend as direct taxes grew by 12.01% and indirect taxes went up by 25% over the corresponding period last year i.e. April-December 2015
“This election manifesto is a forward looking visionary document, which promises the people that we will undo the damage done to the Punjab economy by the state government in the last ten years,” said former prime minister Manmohan Sin
The implementation of the demonetisation decision carried pain. “It can lead to short term criticism and inconveniences. Drop in economic activity on account of the currency squeeze during the remonetisation period would have a transient imp
The Graduate Aptitude Exam in Engineering (GATE) is turning out to be a sole deciding factor for recruitment of engineering graduates into the coveted Public Sector Undertakings (PSUs), reported The New Indian Express. The exam is
Most social protection systems in middle-income countries (MICs) are still relatively new, and have yet to undergo the centuries of societal struggles and bargains that cemented welfare regimes in advanced economies. But investments in social prot
In a significant development, the government has approved 26 percent strategic sale in state-run BEML Limited, a mini-ratna (category-1) public undertaking. A notification to stock exchanges informed that the ministry of defence has approv
India has extensive experience conducting evacuation operations, but given the rising economic contributions and political influence of Indian citizens abroad and the increasing complexity of these operations, the incentives to ensure the success
Gram panchayats, the smallest unit in the political system, will now help the government in achieving the Sustainable Development Goals set by the United Nations. The United Nations Development Programme (UNDP) has released a docum
The Reserve Bank of India has imposed a monetary penalty of Rs 30 million on Lakshmi Vilas Bank Ltd. (LVB) for contravention of instructions relating to opening and operation of current accounts, extending bill discounting facilities to non-consti
“Opaqueness was noticed in 32 receipts and expenditure major heads wherein more than 50 percent of total expenditure and receipts were recorded under minor head - Other Expenditure/Other Receipts,” said the Comptroller and Auditor Gene
Arsenic took my brother’s life. He had developed a wound on his foot from where blood and pus used to ooze out all the time. Despite that, he fought for all of us and tried his best to bring the problem to the government’s notice,&rdqu
The growth in GDP during 2016-17 is estimated at 7.1 percent as compared to the growth rate of 7.6 percent in 2015-16, according to First Advance estimates of national income at constant (2011-12) and current prices, for the financial year 2016-17
With only a few days left in Vibrant Gujarat Global Summit 2017, the state government is likely to sign MoUs worth Rs 30 lakh crore, surpassing the investment pledged during the previous edition in 2015, reported The Economic Ti
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 process is being thought of, it is not going to mat
National Independent Schools Alliance (NISA) has demanded active representation of budget private schools in the policy making process. NISA members on Thursday met Anil Swarup, secretary, department of school education and literacy
In its bid to boost passenger traffic, national carrier Air India has slashed economy class fares to match those offered by Indian Railways premium train—Rajdhani Express on select routes. The Air India economy class fare sta
Despite being the most crucial and significant section of the society, farmers are feeling neglected by the policy makers, said the National Human Rights Commission (NHRC). The rights panel said that the issue is not only relating t
I came to Mumbai from Sikar [in Rajasthan] to make a living. Mumbai gives me better work opportunities as compared to other cities. Here, I manage to save about Rs 40,000 per month, whereas in my hometown, I would have managed Rs 12,000-15,000, no
Demonetisation, while immobilising black money and fighting corruption, may lead to temporary slowdown of the economy, said president Pranab Mukherjee on Thursday. “We all will have to be extra careful to alleviate the sufferi
