Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.
It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.
CII suggested the policy measures required to ease the tight liquidity situation by cutting CRR by at least 50 basis points.
'The slide in growth has arisen primarily because we have an NBFC crisis on top of a banking crisis,' points out T T Ram Mohan.
She was surprised to learn that nobody was running against state Senator Mark Leno, a Democrat from the newly-redistricted Senate District 11. So, Dhillon decided to run.
The strike call is over privatisation, mergers, and also due to write-off of corporate NPAs, criminalisation of willful default
Just a few days before the final nomination date, attorney Harmeet K Dhillon, chair, San Francisco Republican Central Committee, was at the state registrar's office to see who was running from where in California.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
Due to paucity of time, the UPA government will drop the traditional scrutiny of the Budget by the Parliamentary standing committees. Instead, Pranab Mukherjee is in touch with BJP and the CPM, while Pawan Kumar Bansal and Anand Sharma have been asked to liaise with the smaller parties to ensure the Budget moves smoothly through Parliament.
'The more the news media weakens, especially at this juncture of economic ruin with lay-offs and wage cuts, the more the owners and journalists weigh their value in terms who they are close to, the more they depend on the State to bail them out of trouble, slow-fry their rival, the faster it pushes us towards institutional destruction,' warns Shekhar Gupta.
'Clearly, the depositors of cooperative banks need the maximum protection.'
'Much as I have been enjoying the anti-GST jokes on WhatsApp and also worrying about the economy in a tailspin in more serious moments, there is a tiny part of me that is thankful to Modi and Jaitley,' notes Keya Sarkar.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
Some 1,100 years ago, Uthiramerur had an election system similar to what India has today.
The commercial vehicle business is one of the mainstays for the Tata group, highlighting the importance of Girish Wagh's appointment.
While receiving Indian Prime Minister Manmohan Singh at the White House last November, President Barack Obama had termed the United States-India ties as one of the 'defining relationships' of this century.
'On the tax front, most of the Budget proposals are sensible'.
Though he went back to writing "beautiful scenes" for other Bollywood directors, his deep interest in the lives of ordinary citizens never slackened, evident from the way he made himself available to human rights groups whenever they called him.
The Securities and Exchange Board of India does not seem to have understood the enormity of what funds have been up to. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.But MFs decided to become lenders without the legal backing to secure themselves, or the skillset to assess lending risk. If Sebi does not crack down on mutual funds using cooked-up credit ratings to hide behind promoter funding, this is bound to grow into a systemic menace, says Debashis Basu.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
Globalisation, BlackBerries and new performance pressure are making 70-hour work weeks routine. But is this tiring trend good for Corporate America?
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The panel of Parliament examining the Direct Taxes Code (DTC) Bill has almost finalised its recommendations. It wants more taxpayer-friendly measures.
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
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In his clearest message yet on the controversy over the safety of ENDS, health minister Harsh Vardhan ruled out their acceptability in the light of research findings by experts which have held that they are no less unsafe than the 'real thing', said a government statement.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
The committee members asked if SBI was waiting for private sector banks to announce their rates before it takes a call on the issue.
Investors must withdraw funds, open a new trading account and transfer assets.
If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
Though General Naravane's visit will not deal with 'impermanent' issues like the changing stands of politicians, it will certainly reinforce the deeper 'permanent' links between the people of Nepal and India. Time will hopefully tackle the present impermanence of the Sino-Nepalese romance, notes Claude Arpi.
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
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