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The buck stops here

DNMUM437409 | 6/10/2019 | Author : K R Sudhaman | WC :1651

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The new finance minister should address farm distress, jobs, NBFC crisis and bank NPAs on priority. She should enable banks to raise long-term deposits to lend to infrastructure and build consensus for land and labour reforms
All is not well with the economy as unemployment has mounted and farm distress widened, with drought looming large in a year of difficult fiscal situation. It’s not going to be easy and no quick fix solution is available to the new finance minister Nirmala Sitharaman.
Sitharaman, who presents her maiden Budget on July 5, will have to avoid hasty and disruptive steps as there is no magic wand to speed up economic growth, which can pick up only gradually.
In 1991 when the government had no choice but to embark on major economic reforms, it was done in a non-disruptive and gradual manner, according to renowned economist C Rangarajan. The then Prime Minister Narasimha Rao had the deftness to sell reforms to old guards in the Congress
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St ends weak on US-Iran tensions
DNMUM438216 | 6/25/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :147

Mumbai: Domestic share indices retreated for the second straight session on Monday, after investors trimmed their exposure to oil & gas stocks in view of the ongoing tensions between the US and Iran.
In a volatile session, the BSE Sensex settled
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Tata Steel, Maruti Suzuki, DHFL, YES Bank to be in limelight today
DNMUM438217 | 6/25/2019 12:00:00 AM | Author : Vinod Nair | WC :123

Bull market or bear market today?Lack of major triggers, expiry and weak global cues is likely to put pressure on markets.Stocks likely to be in limelight today?Tata Steel, Maruti, YES Bank, DHFLSectors likely to impact market today?Auto, financia

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‘Start funding to HFCs, NBFCs’
DNMUM438218 | 6/25/2019 12:00:00 AM | Author : Swati Khandelwal | WC :475

The government must increase affordability and incentivise people to buy homes, says Yashpal Gupta, MD & CEO, Repco Home Finance. Gupta during an interview with Swati Khandelwal said the government should come out with some credit enhancement pro
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Realty cos seek infra status for housing
DNMUM438219 | 6/25/2019 12:00:00 AM | Author : Ateeq Shaikh | WC :578

In the backdrop of the ongoing liquidity crunch, the real estate industry, like any other sector, wants the government to take some measures to spur investments.The housing industry is looking forward to the timely transmission of interest rate reduc
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