A year after the collapse of IL&FS Group, a specialist infrastructure financier, the crisis of confidence is getting worse.
Highways can act as a powerful stimulus by creating new construction jobs, spawning fresh orders for excavators, graders and rollers, and putting spending money in the hands of people whose land is getting acquired.
The new round of consolidation will bring down the number of state-run banks to 12 from 27 just a few years ago.
A $22 billion reduction in net debt (to reach zero) will require more than Aramco's cash.
On Wednesday, the government said it would amend the 2016 insolvency law, a signature reform of Prime Minister Narendra Modi's first term. Investors will cheer.
The Securities and Exchange Board of India, or SEBI, has always been suspicious of the source of capital for hedge funds investing in India from Singapore or Hong Kong.
Tax collections last year were a full 1 percentage point of GDP lower than the 7.9 per cent the government had hoped to obtain.
From consumption and private investment to exports, no cylinders are firing. Government spending is therefore the only hope.
A standoff over the government's intentions was temporarily resolved by pushing to a panel of experts the question of whether the RBI had excess capital and could return some of it to the finance ministry.
With the insolvency tribunal taking Jet Airways India Ltd. under its wing on Thursday, there may be one more abortive attempt to sell it whole
Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March
Partly by default, and partly by design, Prime Minister Narendra Modi has managed to assemble a newish-looking team for his second term. Hopefully, the freshness will carry over to ideas.
In a UK-style parliamentary democracy, people voted for PM Modi as though he was their de facto president.
Alexandria Ocasio-Cortez and Andrew Yang might not even be aware of it, but the controversial economic ideas espoused by the two young U.S. politicians are being tested in a national election thousands of miles away.
Supreme Court on Tuesday struck down a controversial 2018 directive from the Reserve Bank of India, which gave lenders a 180-day deadline to resolve non-performing loans.