Decoding slowdown: Investment is falling; neither central government nor private sector shows any appetite for it

Few would disagree with the Economic Survey of 2018-19 when it makes a case for investment as the “key driver” of India’s growth – in line with the Chinese experience, as it says – which would create capacity, increase labour productivity, introduce new technology, allow creative destruction and generate jobs. Except, this seem highly unlikely […]

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Teachers have central role in realising New India dream: Narendra Modi

Prime Minister Narendra Modi today greeted the teaching community on Teachers’ Day. In a series of tweets, he said teachers have a central role in realising our dream of a ‘New India’ that is driven by cutting edge research and innovation. The prime minister also paid tribute to former president Dr Sarvepalli Radhakrishnan on his birth anniversary today. September […]

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Bangladesh heist: Philippine central bank imposes $21 mn fine on bank

A security guard stands guard outside a branch of Rizal Commercial Banking Corporation (RCBC) in Paranaque city, Metro Manila, Philippines. The Philippine central bank said the action affirms its “strong commitment to ensure the stability of the country’s financial system” through strong regulation of local banks. Photo: Reuters Manila: The Philippines central bank on Saturday […]

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Temasek, CPPIB in fray to pick up SBI, Central Bank stakes in IL&FS

Singapore investment firm Temasek Holdings Pte. Ltd and Canada Pension Plan Investment Board (CPPIB) are among five potential investors in talks with State Bank of India (SBI) and Central Bank of India to buy the Indian lenders’ stakes in Infrastructure Leasing and Financial Services Ltd (IL&FS), two people familiar with the development said. The stakes […]

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