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Will 'Bad Bank' Craft Good Banks?

Will ‘Bad Bank’ Craft Good Banks?

Finance Minister, Nirmala Sitharaman has, at last, acted upon one of her many announcements during the 2021 Budget presentation, by declaring the creation of India’s first-ever ‘Bad Bank. It will acquire all the NPAs of a bank at a price that is below its book price. It then will work to recuperate and turn around the assets by way of expert management, sale, or restructuring. How effective would be bad bank to solve the mega problem of NPAs?
Shivanand Pandit answers this big question.

Blame Game Must End - Understanding the Oil Bond Math

Blame Game Must End – Understanding the Oil Bond Math

In the present financial year 2021-2022, the government has increased the price of petrol 39 times and decreased once, while the diesel price was increased 36 times and decreased twice. In 2020-2021, the price of petrol was raised 76 times and reduced 10 times and that of diesel increased 73 times and decreased 24 times.

Sugar Turning Into White Gold

Sugar Turning Into White Gold

Sugar sector, for long, has always been considered cyclical in nature. Nevertheless, some structural change that is taking place now makes it a sustainable business and reduces the cyclicality.

Tax Portal Glitch - A Blunder by the Government and Infosys

Tax Portal Glitch – A Blunder by the Government and Infosys

Government Becomes a Laughing Stock! Even though the government has extended the due date for individual taxpayers to file an income tax return (ITR) till December 31, it is imposing a 1% interest for each month of delay beyond the original July 31 deadline.

Anil Ambani - Rise of a Phoenix

Anil Ambani – Rise of a Phoenix

There is a fall from the grace of his group in the last twelve years, nevertheless, the position is getting better and is much better than a year ago. This is in spite of the continuous bashing by a fifth-generation politician.

News, Views & Lies in Between

News, Views & Lies in Between

There is no difference between advertising products and peddling opinions in the press because they are paid to. Media barons’ business model and the belief that society will continue to produce similar response always and ever is terribly misplaced

Privatization has to be different from disposing of family silver

Privatization has to be different from disposing of family silver

If the government lays its full power on this and does not permit either unions or the bureaucracy or the opposition to disrupt its plan, this will certainly be a game-changer for the Indian economy. Otherwise, it will be nothing but the disposing of the family silver. And the mere dismantling of public sector undertakings that have played a crucial role in nation-building will prove poisonous for the country.

High Time to Bury the Legacy

High Time to Bury the Legacy

Whether against Vodafone or Cairn, the cost in terms of time and spoiled investment ambiance for the nation is much above any rewards to the exchequer. The government’s intention of imposing the sovereign right to tax will create tremendous confusion or misperception and adversely affect the investment atmosphere. For a nation famished of private investment in infrastructure, this is self-defeating policymaking. The NDA government would have scrapped the remorseful provisions of the Income-tax in its first Budget itself.

Can Playing Poker Make You a Better Investor

Can Playing Poker Make You a Better Investor?

To win in games or investing, you have to be at least one step ahead of your counterpart. Many successful names believe that playing poker is the best off-time activity to improve investing skills. Some well-known names who play poker are Jack Ma, and David Einhorn, co-founder of the hedge fund Greenlight Capital.

NBFCs: RBI to Revise Regulatory Framework for a Stricter Control

NBFCs: RBI to Revise Regulatory Framework for a Stricter Control

The Central Bank’s framework to constrict inspection of large NBFCs is crucial for fiscal steadiness. The shift from a common line of light touch control to one that screens larger players almost as closely as it does banks is a welcome move. This could be the biggest refurbishment of the governing structure for such finance companies or shadow banks in over twenty years if executed effectively. 

Domestic Market Outlook: Play Safe

By G Chokkalingam, Founder and Managing Director, Equinomics Research By last week (ended on October 1), the domestic market has completely recovered the entire loss