There are both global and domestic reasons why growth has slowed over the last six years. But it is time for the Narendra Modi government to take stock of how its ill-judged policy actions such as demonetisation and flawed implementation of the Goods and Services Tax (GST) contributed to the sharp deterioration in the economy. The 2016 demonetisation broke the back of India’s informal economy and dealt a hard blow to the cash-dominated rural economy. Many small businesses shut shop. Since then, the government has attempted to boost sentiment through several small sector-specific steps, but none has shown desired results yet. Moreover, it has so far distanced itself from politically-sensitive land and labour reforms. … [Read more...] about With this fiscal’s estimated GDP growth set to be the lowest in 11 years, here’s a look at how it will impact the common man
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Since coming to power in 2014, the Narendra Modi-government has pumped in around Rs 2.8 lakh crore in state-run banks. In FY20 so far, the government has infused close to Rs 70,000 crore as capital. But that was inadequate considering the fact that banks required a substantial chunk of money to clean up their bad loans besides meeting their Basel-III requirements. … [Read more...] about Budget 2020: What lies in store for state-run banks ravaged by bad debt?
Sunil Mathur, managing director and chief executive officer, Siemens Ltd, said in the statement, "The addition of C&S Electric's products, sales network, manufacturing units and a highly competent employee base will complement and strengthen range of Siemens' offering. This will bolster our portfolio not only in India but also for export." … [Read more...] about Siemens inks pact to acquire 99% equity in C&S Electric for Rs 2,100 crore
Watch the video for more.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Reporter’s Take | India ranked 72nd in Talent Competitiveness Index
This is the first time in its 118-year history that Triumph has collaborated with another company. This is a non-equity based long-term partnership. The two companies did not divulge details of investments earmarked for the development of the bikes however Bajaj sources said that the ‘real investment will come in only post 2022 when additions have to be made for manufacturing and further product development’. … [Read more...] about Bajaj Triumph to jointly challenge Royal Enfield, launch first bike in 2022