Rajnish Kumar MD, National Banking Group, State Bank of India The country’s largest lender, State Bank of India (SBI), recently sprang a surprise by reporting
Month: August 2017
Common use items exempt from e-way bill provision under GST – The Financial Express–16.08.2017
LPG, kerosene, jewellery and currency are among the common use items that have been exempted from the requirement of obtaining electronic permits for transportation under
How to get economic growth back on track; Here is what PM Narendra Modi can look at – The Financial Express–16.08.2017
With a third of the year already over, it is apparent the economy will grow at way below its potential in FY18. The first part
Export revival | Business Line–16.08.2017
Merchandise exports have looked up, but services are a concern Amidst the general lack of optimism on industrial growth, what has generally gone unnoticed is
Gold imports jump over 2-fold to $12.35 bn in Apr-July | Business Line–16.08.2017
The Hindu Gold imports stood at USD 4.97 billion in April-July 2016-17. Imports now attract only 3 per cent integrated GST. India’s gold imports more
As NPAs rise, banks moot industry panels to determine value of stressed assets | Business Line–16.08.2017
Suggests special dispensation in provisioning norms to tackle stressed assets With non-performing assets (NPAs) reaching a worrisome position, especially for public sector banks, there may
Rise in bad loans may spawn more ARCs | Business Line–16.08.2017
With RBI moving to resolve issue, players with deep pockets will be keen to set up shop While rising non-performing loans is bad news for
Banks exploring use of artificial intelligence in operations | Business Line–15.08.2017
Several banks have started exploring adoption of artificial intelligence (AI) and machine learning (ML) in their operational processes. “There is substantial attention being paid in
Bankruptcy: Government considering selling off reality developer’s assets to finish stalled projects–Economic Times–15.08.2017
The government is exploring ways of resolving a long-brewing real estate crisis that’s left home buyers in the lurch as developers have struggled to complete
Independence day: As India turns 70, its economic future will greatly depend on what it does today–Economic Times–15.08.2017
By ADI GODREJ Chairman, India@75 Foundation India at 75 is just five years ahead. Today, as we celebrate the 70th Independence Day, we should re-energise
indian economy: India is now placed for an economic liftoff: Kumar Mangalam Birla, Chairman, Aditya Birla Group–Economic Times–15.08.2017
By Kumar Mangalam Birla There is an air of optimism around India’s economic prospects. Deft economic management and the proactive push for reforms by the
Independence day: India@70: India witnesses a slow but steady shift to market borrowings from bank loans–15.08.2017
MUMBAI: This piece of news got buried in the avalanche of information that came after State Bank of India’s first quarter results. SBI said Rs
IDBI Bank topples IOB as lender with highest NPA ratio | Business Standard News–15.08.2017
Public sector lender IDBI Bank posted a net loss of Rs 853 crore for the quarter ended June 2017 (Q1) on a sharp rise in
Minimise card frauds abroad by disabling the option | Business Standard News–15.08.2017
Recently, Raj Kumar (name changed on request), a Delhi-based writer, lost Rs 60,000 to credit card fraud. His card was used to make a purchase
Inflationary pressure back after GST roll-out | Business Standard News–15.08.2017
Amid concerns over deflationary impulses expressed in the second volume of the Economic Survey 2016-17, the retail inflation rate rose to a three-month high of
As developers head to bankruptcy body, homebuyers left in lurch | Business Standard News
Thousands of home owners in beleaguered real estate developments owned by Jaypee Infratech and Amrapali Group are running out of options as both head for
Cheque bounce case: Prakash Industries Ltd’s MD gets 1-year jail term | Business Standard News–15.08.2017
A Delhi court has awarded one year jail term to Prakash Industries Ltd’s Managing Director in 20-year-old cheque bounce cases and directed him and the
Don’t blame it on demonetisation | Business Standard Column–15.08.2017
India’s economic growth is faltering. Part-II of the Economic Survey, just released, thinks that growth in 2017-18 is likely to be closer to the lower
A worrying analysis | Business Standard Editorials–15.08.2017
The second volume of the Economic Survey for 2016-17 was released on Friday, and both the data and the analysis contained therein were disquieting. It
Google launches anti-phishing feature for Gmail; know how you will stop getting useless emails – The Financial Express–15.08.2017
Google has deployed an anti-phishing feature for Gmail mobile application which will stop useless emails from entering your inbox. Phishing is essentially fraud emails which
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