-The Telegraph/ PTI Among top losers were ICICI Bank, Vedanta, HDFC, Tata Motors, Tata Steel, ONGC, IndusInd Bank, NTPC, M&M and L&T The sensex nosedived 769.88 points to end at 36,562.91 and the Nifty tanked 225.35 points to 10,797.90 today after heavy selloff in banking, energy and auto stocks as a slew of macroeconomic data releases suggested a worsening economic slowdown. Top losers in the sensex pack included ICICI Bank, Vedanta, HDFC, Tata...
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The NRC is a 'national problem' not just Assam's -Sangeeta Barooah Pisharoty
-The Telegraph Can issuing work permits and settling people outside Assam resolve the problem temporarily? In his Outlook article, (retired Union Cabinet SECretary and a long-time North-east hand at the Centre) G.K. Pillai offered a temporary arrangement of granting ‘a five-year work permit’ to those not included in the final NRC, basically to maintain status quo, ‘to calm things down and allow a range of policy options to be developed carefully over...
More »Explained: Old reasons and new red flags in continuing auto slowdown -Yashee Singh
-The Indian Express In the commercial vehicles SECtion, sales of Tata Motors, the largest commercial vehicle maker, fell by almost half as against August 2018. Mahindra & Mahindra (M&M), the SECond-largest manufacturer, posted a 28 per cent decline. The slowdown in the auto SECtor has worsened, with leading car manufacturers posting up to a 50 per cent drop in sales for August 2019 as against the corresponding month last year. Sales...
More »RTI query: Are chief ministers drawing MP pension? Lok Sabha office says information is personal -Vishal Narayan
-The Telegraph An MP loses his entitlement to pension and perks if he is appointed the President, Vice-President or is re-elected to either House or gets employed in the government New Delhi: An RTI query seeking details on allowances and pensions to former MPs who are chief ministers has resulted in a strange reply. The information, the Lok Sabha SECretariat has informed, was "personal", so details would not be shared. According to the...
More »Why India's mega bank mergers move may not yield the desired results -Mythili Bhusnurmath
-The Economic Times Government’s forced mega merger of public SECtor banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
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