Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
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Pradeep Multani, president of the PHD Chamber of Commerce and Industry, interviewed by Kaushal Shroff (TheWire.in)
-TheWire.in Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India. Mumbai: Inflation pressures are looming ominously on the Indian business horizon. While the margins of large domestic and multinational corporations have come under pressure, they still have the balance sheet heft to absorb raw material price shocks and the...
More »Beyond India @75: Growth, Inclusion and Sustainability -S Mahendra Dev
-Indira Gandhi Institute of Development Research, Mumbai There have been many successes and failures in economic and social development of India in the last 75 years. The recent covid-19 pandemic had also an adverse impact on growth, employment, health and education etc. In this paper, issues and policies are discussed beyond India@75 for achieving growth, inclusion and development. As India is integrated with the world, global issues are also important for...
More »Banks' NPAs kept rising in the past due to lack of transparency: PM Modi
-Livemint.com PM Modi said due to the lack of transparency in the country's Banking sector earlier, various practices used to take place Audit Diwas: Prime Minister Narendra Modi on Tuesday said that banks' NPAs kept increasing in the past due lack of a lack of transparency in the Banking sector. He said due to the lack of transparency in the country's Banking sector earlier, various practices used to take place. “As a...
More »Sharad Pawar Meets PM Modi, Flags Amit Shah's New Ministry -Akhilesh Sharma and Sunil Prabhu
-NDTV.com Apart from meeting PM Modi, Sharad Pawar, 80, also wrote him a letter, flagging concerns on the Ministry of Cooperation. New Delhi: Nationalist Congress Party (NCP) chief Sharad Pawar on Saturday met with Prime Minister Narendra Modi at the latter's residence. During the meeting which lasted for about 50 minutes, the veteran politician raised concerns about the newly-formed Ministry of Cooperation which is headed by Amit Shah, and farmers' issues, sources...
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