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Modi meets budget deficit goal; cut in capital spending, low crude price help

May 29, 2015

Modi meets budget deficit goal; cut in capital spending, low crude price help

With banks weighed down by bad loans, company profits squeezed, rural demand weak and exports depressed, the government recognises it will have to take the lead to meet its jobs and growth goals. #Economy #HowThisWorks #GDP #Narendra Modi #fiscal deficit #Subsidy #Tax #Budget deficit
Microfinance loans are growing at a scorching pace, but it's a warning signal

May 29, 2015

Microfinance loans are growing at a scorching pace, but it's a warning signal

The industry numbers released by microfinance institutions network (Mfin), an industry body of micro lenders, for the fiscal year 2015 indicate a very sharp pick up in the number and quantum of loans. #HowThisWorks #India #Microfinance #Andhra Pradesh #loans #poor
Not just rate cuts, bankers feel RBI should deliver more for credit growth

May 28, 2015

Not just rate cuts, bankers feel RBI should deliver more for credit growth

Commercial banks blame the central bank's tight grip on liquidity for keeping the cost of funds high, a claim Governor Raghuram Rajan dismissed as "nonsense" at the April policy review. #Economy #HowThisWorks #RBI #CRR #Rupee #Raghuram Rajan #Credit Growth #loans
Banks struggle to recover loans even as growth rate beats China

May 25, 2015

Banks struggle to recover loans even as growth rate beats China

Although bank loans still account for bulk of the credit in India, another factor that has weighed on bank loans is cheaper availability of funds through commercial papers and bonds. #Economy #HowThisWorks #India #China #SBI #Icra #Credit Growth #loans #Arundhati Bhattacharya
#NikammiModiSarkar, #GappuInIndia, #ModiInsultsIndia: Twitter comes a full circle for Modi

May 21, 2015

#NikammiModiSarkar, #GappuInIndia, #ModiInsultsIndia: Twitter comes a full circle for Modi

In the social media cat-and-mouse game, Modi and his army have long been the fat cats. #HowThisWorks #India #Congress #Twitter #Narendra Modi
'No loss' is the main gain from Modi's China trip; South Korea was the highpoint

May 21, 2015

'No loss' is the main gain from Modi's China trip; South Korea was the highpoint

Modi's visit to South Korea may yield economic gains, and the one to Mongolia is about projecting India's soft power. The China visit, though, will yield nothing in the short term, but a lot will depend on what leverage we develop with the US. #Business #Economy #HowThisWorks #Narendra Modi #Xi Jinping #India-China Ties #Mongolia #New Silk Route #South Koera
Kejriwal is right in principle, but legally wrong: His megalomania is the real problem

May 19, 2015

Kejriwal is right in principle, but legally wrong: His megalomania is the real problem

The law is on the Lt Governor's side in his battle with Arvind Kejriwal, Delhi CM. If Kejriwal wants to correct this power skew, he has to build a coalition with other city-states and their elected governments to change the law. #HowThisWorks #Arvind Kejriwal #Delhi Assembly #Najeeb Jung #Lt Governor Versus Delhi CM #Article 239 AA #Powers of States
Caught in crossfire: Delhi babus are trapped between Kejriwal and a hard place

May 19, 2015

Caught in crossfire: Delhi babus are trapped between Kejriwal and a hard place

The Kejriwal government will need to refrain from the sort of petty vindictiveness where bureaucrats offices are locked for failing to adhere to their diktats. #HowThisWorks #Arvind Kejriwal #bureaucrats #AAP #Najeeb Jung
Converting Father to acharya in Christian schools: Is Chhattisgarh govt bending to RSS whims?

May 16, 2015

Converting Father to acharya in Christian schools: Is Chhattisgarh govt bending to RSS whims?

Political leaders have been raising their concern over the increasing influence of the RSS and other affiliates over the administration for some time now. #HowThisWorks #Chhattisgarh #RSS #Schools #VHP #christian