Sandeep Singh

Restaurant owners have pointed to the street violence in urban centres such as Delhi, Lucknow and Kolkata, alongside prohibitory orders imposed by state administrations, having a direct impact on the food business.

Data shows that the bank credit outstanding for the eight months of FY20 expanded by just 1 per cent.

Two senior government officials, who are aware of the deliberations to tighten the regulatory framework, said the move to “step back” on the drone policy has been prompted by fresh red flags raised by security agencies.

A series of discussions have been held within the government to promote economic growth and a reduction in the tax burden is seen as having a direct impact on boosting consumption.

Stating that India can’t be immune as an economy and as a market, he said the only hope is that other countries and the UN would weigh in and won’t let a knee-jerk response take place.

Sections within the government as well as leading market players have noted that LTCG has not yielded much in terms of revenue. The tax was imposed after direct intervention by Prime Minister Narendra Modi seeking financial market players to make a fair contribution for nation building.

Maruti Suzuki, Hyundai and Mahindra & Mahindra occupied the first three slots.

There have been calls for the government to lead the revival through aggressive spending. The question is whether the government has the wherewithal to do so.

Warendra Sinha, MD and CEO of IFFCO Tokio General Insurance, told The Indian Express that the industry will continue to grow at the same pace as the penetration remains low and also because the economic growth won’t be too bad for too long.

Stating that the goal of $5 trillion is very good, he said the government needs to figure out with stakeholders the key things that need to be done to achieve the same.

Most of the prominent India Inc leaders excused themselves from talking on the ongoing protests. A few who responded to queries said that while people have a right to protest, these mass demonstrations contribute to building a negative image and could hit investment sentiment.

A big factor in the drop in aggregate profits has been the huge losses announced by Bharti Airtel and Vodafone Idea Limited (VIL) during the quarter on account of provisioning for adjusted gross revenue (AGR).

Speaking to The Indian Express, a member of the Approval Bureau of AICTE confirmed that the show-cause notice was issued to the institute last week.

Despite the recent gush of foreign fund flows into the equity and debt markets, the rupee has remained relatively weak against the United States dollar.

I feel that if we focus more on health and happiness of people, and get these parameters right, then as a society and nation, we will be happier, said Tapan Singhel.

Also, as inflation concerns grew, the RBI’s monetary policy committee took a pause, leaving the repo rate — the rate at which RBI lends to commercial banks — untouched at 5.15 per cent for the first time in 10 months.

His words, perhaps, found resonance in the silence of several leading voices in India Inc after the GDP figures came in. The Confederation of Indian Industry, the leading industry body, skipped issuing a statement on the GDP numbers.

DHFL’s total liabilities are Rs 83,873 crore, as per its draft resolution plan. Of this, it owes banks Rs 27,527 crore, NCD holders (including retail investors, mutual funds and others) Rs 41,431 crore, NHB Rs 2,350 crore and ECBs Rs 2,747 crore. The exposure of banks could be about Rs 38,000 crore.

Sebi has moved against Karvy for violating norms, including transferring client shares to itself, and pledging client shares to raise money, which it diverted to its real estate arm.