Zero tolerance to corruption and inefficiency should be the calling card of any bank, whether it is state-run, private or a foreign entity. For that matter, commercial operations of organisations must be above board. News reports suggest that not everything is above board at Axis Bank and ICICI Bank, the country’s top private banks.
As reported by this paper on Monday, the divestment of Air India has hit a roadblock. Some of the conditions for the proposed divestment are making it tough for perspective bidders to decide on whether they should enter the fray.
Perception is king, and it would be worthwhile to ask whether consumers are confident that the National Democratic Front (NDA) is competent to manage the economy — because it is important to gauge the mood of consumers across the country. Views are sharply divided on the prospects for ‘achhe din’ (good days) under the tutelage of the the Narendra Modi government.
After 20 years, the law seems to have finally caught up with actor Salman Khan. A local court in Jodhpur sentenced the Bollywood icon to five years in prison after finding him guilty of killing two blackbucks in 1998 – he is also accused of killing three chinkaras.
The Monetary Policy Committee (MPC) headed by RBI governor Urjit Patel seems to have played safe while dealing with key rates notwithstanding its projections about softening inflation expectations during this fiscal. The big question is why the RBI governor restrained himself from taking the lead in slashing lending rates.
The National Institutional Ranking Framework (NIRF) findings for 2018 has picked the Indian Institute of Science, Bangalore as the premier educational institution in the country, closely followed by the IITs at Madras, Bombay, Delhi and Kharagpur in the top five positions.
Mahatma Gandhi would have been in a state of shock had he seen India today. Political forces seem to have fanned violence across northern states in the name of protecting the rights of the scheduled castes and scheduled tribes.
Nine months after the Goods and Services Tax (GST) regime was introduced and, now, two postponements later, the e-way bill was finally implemented this week. The legislation is the most important part of the implementation of the GST tax structure. It marks the beginning of a period when all stakeholders would begin to unravel GST.
The disruption in the jobs market is considerable and urgently begs for a course correction before the Narendra Modi led NDA goes on the Lok Sabha election campaign mode. But it appears that it will be a mountain that will remain unscaled, as time is too short. Instead of providing new jobs, the breakdown in employment opportunities is a catastrophe of epic proportions.
The agreement between Toyota and Suzuki in Tokyo for Indian markets is a one of its kind deal in Asia. The two Japanese automobile giants have done more than just cross-branding their products in India.