BEIJING — Wang Jianhua, the president of Shandong Gold Mining, is part of a new generation of middle-age Chinese executives going back to school. Once a month, he travels four hours by train from Shandong Province to Beijing to attend executive M.B.A. classes. “After the Cultural Revolution, a lot of people felt the need to […]
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Kallam Anji Reddy hailedfrom a small village in Guntur district, coastal Andhra Pradesh. He did a stint with Indian Drugs and Pharmaceutical Ltd (IDPL) in Hyderabad during the 1970s. Soon, the entrepreneur in him took over and he launched Standard Organics Ltd followed by Dr Reddy’s Labs in 1984. Anji Reddy died this May, but […]
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It is true, that the business organizations may not shift their operations to some other places because they are interested in their own business activity but not political atmosphere. Change of government does not make the shifting of business operations. Politics and Business are different activities. They are many people are carrying on their business […]
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Even as problems on the external front look slipping out of its control, the government might keep its expenditure under check to limit its fiscal deficit at the budgeted 4.8 per cent of gross domestic product in the current financial year. It’s learnt the government has decided to continue with the austerity measures it had […]
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Even while asserting that the ongoing battering of the rupee in the currency markets was being overdone, Finance Minister P. Chidambaram, on Thursday, candidly admitted that the Indian economy was indeed challenged as a consequence of global and domestic factors and the first quarter growth this fiscal would likely remain flat. However, the silver lining […]
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Chidambaram assures markets no fresh capital control measures proposed On a day the rupee nosedived to its hitherto lifetime low of 65.56 to the dollar, taking the government and the country’s monetary regulator by surprise, Finance Minister P. Chidambaram and RBI Governor D. Subbarao rushed in to douse the fire. After a three-hour discussion on […]
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As part of its clean note policy initiative, the Reserve Bank of India is planning to introduce Rs 10 plastic notes in five cities on a trial basis. In its 2012-13 Annual Report, the RBI has said it considered various options in consultation with the Government before deciding to introduce one billion Rs 10 banknotes […]
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The Reserve Bank of India (RBI) may be getting brickbats elsewhere, but it has kept its owner, the Government of India, happy with good dividends. It doubled the dividend to the Government this year to Rs 33,010 crore. The RBI was able to do this thanks to a 40 per cent growth in its income […]
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On a day the rupee hit a new lifetime low, plunging below Rs 65 to the dollar, Finance Minister P. Chidambaram said pessimism about the economy was “excessive and unwarranted” and RBI Governor D. Subbarao was confident the central bank has enough foreign exchange reserves to deal with the declining currency and the widening current […]
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In our opinion, the deteriorating rupee value is causing more and more alarming to the nation’s economy. Therefore it is advisable to take stringent steps to reduce the gap between the Imports and Exports. It is possible with regulating the usage of imported products and encouraging the Exports. Majority of imports are unproductive expenditure like […]
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