Economy

Banks with robust financials, strong liability franchise, control on asset quality will continue to do well Non-banking financial companies are going through growth de-rating and are expected to remain volatile in the near future, says Dhiraj Relli , managing director and chief executive officer, HDFC Securities. Investors are also cautious …

Around three centuries ago, India’s share of the global economy was about 25%. Today, it has dwindled to single digits. During this period, India missed three waves of industrialisation: Industry 1.0, driven by mechanisation, steam power and weaving loom; Industry 2.0, driven by mass production and assembly line; and Industry …

More exports, price stability, clearance of dues on wish list As the Indian sugar sector steps into a new season, it looks forward to more exports, price stability in the domestic market, and clearance of cane arrears to farmers. The problems the industry confronts today are many, and stem mainly …

The continued rise in oil prices and a crisis of confidence set off by the IL&FS episode pose a challenge Three weeks is a long time for the economy. Ask Finance Minister Arun Jaitley and the mandarins in North Block. Until recently, it seemed as if growth was finally returning …

Ownership and management are treated at arm’s length, says HPCL CMD State-owned oil marketing company (OMC) Hindustan Petroleum Corporation Limited (HPCL) generated heated debates when it chose not to recognise ONGC as its parent even after the latter bought 51% stake in HPCL from the government for Rs. 37,000 crore. …

Transport fuel prices continued to rise on Sunday, with petrol inching closer to Rs. 91 a litre mark in Mumbai. Petrol touched Rs. 90.84 per litre, up from Rs. 90.75 on Saturday, data on the Indian Oil Corporation (IOC) website showed. Petrol prices in Delhi, Kolkata and Chennai on Sunday …

‘It is controlled neither by govt. nor by capitalists’ Inaugurating a new chocolate-making factory set-up by dairy giant Amul in Gujarat, Prime Minister Narendra Modi on Sunday said a cooperative like Amul is a viable economic alternative to capitalist and socialist models. The factory is an expansion of an already …

Effect of expanded censorship strategy could more readily cause people to believe rumours about the economy, says professor Zhang Ming of Renmin University China has long made it clear that reporting on politics, civil society and sensitive historical events is forbidden. Increasingly, it wants to keep negative news about the …

Tough to retain teachers in village schools: Naidu Vice-President M. Venkaiah Naidu said on Saturday that it was becoming increasingly tough to retain good science and mathematics teachers in village schools. This should be corrected in order to develop scientific temper, he said here in Madhya Pradesh in connection with …

It will also enable self-service analytics With a view to fast-tracking the adoption of data analytics in the government to improve delivery of services to citizens, Electronics and IT Minister Ravi Shankar Prasad on Friday unveiled a Centre of Excellence for Data Analytics (CEDA). The centre would help build analytic …