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Economy

Govt’s effort to overhaul financial institutions

There exist some provisions contained in various Acts governing the respective financial institutions that empower the respective regulators or supervisors and/or the Union Government to resolve different types of financial institutions in the country once they run into viability problems. In order to bridge the gaps and develop an effective resolution regime for all financial […]

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Economy

Modi’s policies can help India emerge internationally

China lagged India in the 1960s, was behind us in the 1980s, but has now overtaken us by a huge margin. The latest comparison by CRISIL shows India’s economy was 1.75 times bigger than China’s in 1960. By 1980 as well, India’s economy was $0.3 trillion, while Chinese was only $0.2 trillion on a purchasing […]

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Economy

HTC is not buying Nokia Chennai plant

HTC Corp rejected today a report that the Taiwanese smartphone maker was considering buying rival Nokia Oyj’s factory in Chennai to give it better and faster access to the Indian market. An HTC spokesperson said, “HTC would like to clarify that the company has no intention of purchasing the plant. From a business perspective, we […]