Rakesh Shah wants his company to be one of the 50 best companies with a high level of respect and credibility. The pace at which the company revived from ground zero six years ago shows the top management can drive its business on a high-speed lane, thanks to the plan for rapid expansion and diversification […]
Write off doesn’t mean forgiving the defaulters’ loan. It is only a technical term used in the accounting of commercial banks for recalibration ofnon-performing assets (NPA) to save tax, after making full provision against the NPA. This practice is done since prudential norms came into existence many years ago. Many people, including intellectuals and pseudointellectuals, […]
As presumed, if the government dilutes 10 per cent ofLIC’s stake, the sum of the initial public offer (IPO) isexpected to be around ₹1 trillion to ₹1.5 trillion, whichthe Indian IPO market has never seen in history. Thesize would be roughly 10 times the size of the biggestprevious primary market issue and substantiallyhigher than the […]
In recent years India has seen rising defence proposals worth close to ₹ 2 trillion under various categories of capital0 acquisition, which promote domestic manufacturing under the defence Acquisition/procurement procedure. Exports also are rising. The government has implemented the ‘Make in India initiative in the defence sector through various policy initiatives to promote indigenous design, […]
Successful citizen-centric reform According to the latest report, seventeen States have successfully operationalised the One Nation One Ration Card (ONORC) system. States migrated to the One Nation One Ration Card system are eligible for additional borrowing of 0.25 per cent of Gross State Domestic Product (GSDP). Accordingly, the Central government granted these States additional borrowing […]
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