Irrespective of the financials, private sector banks do not seem to have a problem in raising capital. Private equity deals in recent times in the banking space have all been in the private sector space. Axis Bank in its earlier avatar as UTI Bank, promoted by government entities also managed to get private equity from ChrysCapital. … [Read more...] about Why it would be a good idea for the government to get PSU banks married off
Politics and government
— Manish Tewari (@ManishTewari) February 27, 2020However, one must note that the Supreme Court Collegium, which includes Chief Justice of India SA Bobde, had recommended the transfer on February 12 and Justice Muralidhar had reportedly agreed to it as well. It was notified after the order was signed by President Ramnath Kovind. … [Read more...] about Congress alleges ‘revenge politics’ behind Justice Muralidhar’s transfer, law minister hits back
In total taxpayers in the last 5 years. That is huge when we talk about Tax to GDP ratio and which actually keeps our budget deficit lower. So that ratio has jumped by 56% in the last few years. And when we talk about individual taxpayers, it has been up almost 41%. So these numbers are big for us and definitely gives a huge liquidity that drives the overall consumption based economy. … [Read more...] about Expect some populist measures in budget 2019
Politicians have for a long time wanted to have an influence on the private sector for personal gain – monetary or political. Projects have been cleared to ‘help’ the private sector in the politician’s constituency or banks have been nudged to extend loans to certain companies. A substantial portion of the current non-performing assets (NPAs) in the banking system is on account of political benevolence. … [Read more...] about Reservation in private sector – an idea that needs a quiet burial
However, a slowdown in their customer countries and structural technological changes have led to the sacking of employees, especially at the middle level. The high priced middle-level employees were replaced by cheaper fresh candidates. Though it made business sense to replace high-cost employees with lower cost ones, especially if there was not much difference in their skill sets, questions were been raised in the manner in which they were sacked. … [Read more...] about Did Karnataka govt shoot itself in the leg by clearing the IT union?