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Public sector banks merger: A half yearly review February 12, 2021, 6:39 PM IST Abhishek Sikdar graduated in Economics from St Xavier's College under Calcutta University and post-graduation from Delhi School of Economics. He has worked in several leading business newspapers. During his service career, he had written numerous reports, conducted meetings with global economic consultants and international fund managers and imparted training programs to Sales Teams. LESS... MORE Introduction After 10 months of banks merger by the current government, the half yearly financial re...

Rebooting Economy 66: Is India facing credit deprivation to warrant corporation banks? RBI's database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy Prasanna Mohanty | February 10, 2021 | Updated 18:39 IST What compromises the Indian economy further is India's repeated failure to resolve stressed assets over the past few decades In November 2020, an internal working group (IWG) of the Reserve Bank of India (RBI) recommended that India's large industrial houses be ...

Watch: Beyond the Hype, the Serious Concerns and Real Truth About the Budget In conversation with Jayati Ghosh, Indira Rajaraman, Rathin Roy, Jehangir Aziz and Naushad Forbes. Video04/Feb/2021 Five of India’s top economists, bankers and industrialists – Jayati Ghosh, Indira Rajaraman, Rathin Roy, Jehangir Aziz and Naushad Forbes – discussed important issues, concerns and problems related to 2021 Union Budget that earlier have not got the attention they deserve, but now need to be focused upon. As a result, the initial impression of the Budget could al...

The crucial roadmap for the economy is missing The crucial roadmap for the economy is missing Annual Budgets are generally meant to present the blueprint of all activities the government plans to undertake in a fiscal, but the Union Budget for 2021-22 was being looked at as a once-in-a-lifetime opportunity that would serve as a roadmap for both the short-term and medium-term. One expected this Budget to to serve as a roadmap for our economy for the next 3-5 years, especially after the engines of the economy were shut for most part of last year. Unfortunately, this turned out to be another ann...

The government on Monday allocated a higher share of the budget to capital expenditure than it has for over a decade, aiming to help push investments amid a pandemic slowdown. Around 15.91 per cent of the budget is for capital expenditure: it was 13.55 per cent last year. The calculations are based on budget estimates. Capital expenditure refers to money spent on the creation of assets for future use like roads and buildings for health facilities. Revenue expenditure includes things like interest payments and salaries that the government pays on an ongoing basis. The share of the budget de...