Last year, the government provided budgetary and extra budgetary support of Rs 92,000 crore to its companies and only got back Rs 56,000 crore as dividends. Here's why it shouldn't keep throwing more money into this bottomless pit.
A few years ago, the Reserve Bank of India and State Bank of India were locked in a verbal duel. While India's largest bank was demanding a concession for the industry by way of a reduced cash-reserve ratio the regulator was not in a mood to oblige.
Though many companies are defaulting on PF deposits, the problem is far from alarming. Well, recent reports and a look at the annual report of the Employees'
Provident Fund Organisation
suggest that your provident fund money may not be as safe as you
While modern trade (branded retail chains) has been doing better than
general trade (the local kirana stores) in urban markets for a while, it
was the lacklustre performance of rural markets that hit most FMCGs.
This survey by Business Today and BMR Advisors seeks to assess
industry's preparedness as well as perception towards GST by capturing
responses of top business and tax leaders through a web-based
A recent report by ratings agency ICRA Ltd says banks' share in consumer
credit shrunk from 66 per cent to 55 per cent in the past six years.
NBFCs increased their share from 14 per cent to 19 per cent during the
Leaders in solar technologies are some of the South-East Asian nations with China in the forefront, and the US. India trails way behind, adopting only those technologies it can afford after other countries have perfected them.
Bilateral ties between India and Japan have seen consistent improvement
in the past decade. Prime Minister Narendra Modi and his Japanese
counterpart Shinzo Abe built on this momentum through a "Special
Strategic and Global Partnership" in 2014.
If a studio owns a movie it bears all profit or loss. But studios in India acquire a film from a production house at a marked-up price and merely promote, market and distribute it instead of focusing on creating content.
Rs 8,000 crore is the estimated net loss for state power distribution
companies for 2016/17, says an India Ratings and Research report.
Cumulative losses for discoms as of 2014/15 stood at Rs 58,275 crore.
India is energy-starved. We consume more energy than the grid can supply. A lot of the energy we use depends on expensive oil imports. And because we - consumers and businesses - don't get all the energy we need from the grid, we generate some of it.
Representatives of telecom companies wanted the government to delay the sale of the 700 MHz band, the focal point of the auction. They argued that their companies were financially strained and would find it difficult to pay for this expensive band.