Pricing reforms could be painful at times. From subsidised food grains to cooking gas, linking consumers to markets has been a very gradual and protracted process thus far.
When it comes to monetary policy, it is very rare for a commercial bank to show the way to a central bank. But on Monday, the State Bank of India (SBI) cleared the decks for an imminent rate cut.
File your tax returns and financial statements in time or get your bank accounts frozen was the terse message sent across to companies by the Narendra Modi government.
Even as India focuses on black money and corruption with messianic zeal, the real action has taken place in Pakistan where sitting Prime Minister Nawaz Sharif has been unseated by the judiciary with a 5-0 verdict. By disqualifying Sharif and his family, another of Pakistan’s fleeting trysts with democracy has once again been plunged into chaos.
Break up of Mahagatbandhan or the Grand Alliance of Nitish Kumar’s Janata Dal (United), Lalu Prasad Yadav’s Rashtriya Janata Dal (RJD) and Congress in Bihar will have far reaching implications for disarrayed opposition parties and National Democratic Alliance (NDA) at national level.
Prime minister Narendra Modi’s government will have to come up with a straight response to reports of another demonetisation in the offing. while such news reports may or may not have necessary credence, they are most disturbing.
The index of National Stock Exchange (NSE) Nifty 50 may soon be touching 10,000. On Monday, Nifty was within kissing distance of that mark, but weakness in the European market stopped its charge. A few more rupees getting added to index heavy weight stocks like RIL, ITC or Infosys and the Nifty should vault over that mark.
Those with deep pockets will have the definite edge in India’s high competitive, costs and quality conscious telecom services market. Mukesh Ambani-controlled Reliance Jio with access to flagship company Reliance Industries (RIL)’s cash, has reportedly invested over $20 billion into building up the telecom services business in the last 3-4 years.
has emerged as one of the biggest plastic waste producers globally, next to only China, Europe and North America. To be precise, 60 cities in India churn out over 15,342 tonnes of plastic waste each day with Delhi topping the list. Scarily, 6,000 tonnes of this non-degradable plastic waste continues to be littered without being collected.
No one should be opposed to consolidation in the hydrocarbons industry across operations in exploration, refining and marketing of petroleum products. Multiple players may have come into being with specific purpose in the hydrocarbons industry evolution.