Author: Prashant Dwivedi

DBS denies interest in IDBI Bank while staying bullish on India

By Chanyaporn Chanjaroen and Malavika Kaur Makol, Bloomberg DBS Group Holdings Ltd., Singapore’s largest lender that has been investing in India, said buying a stake in government-owned IDBI Bank Ltd. is not on its radar, even though it remained bullish about the country’s growth prospects. Chief Executive Officer Piyush Gupta said the lender isn’t looking at a deal for the bank. […]

View: Market drives SME financing

By Pradeep Racherla & Rama Velamuri Narendra Modi recently announced that GoI will recruit 10 lakh personnel in 18 months. Interestingly, the central PSUs have close to 8.5 lakh job vacancies. Such initiatives may add some momentum in the short-term, but are artificial solutions to the unemployment problem in the long run. An organic way to […]

MoF releases 5th instalment of revenue deficit grant of Rs 7,183 crore to 14 states

PTI The finance ministry on Wednesday released the fifth instalment of revenue deficit grant of Rs 7,183 crore to 14 states for the current fiscal. The states for which Post Devolution Revenue Deficit(PDRD) Grant has been recommended by the 15th Finance Commission during 2022-23 are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, […]

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