Tamil Nadu’s economy has not been in the pink of health. The emphasis on welfare, through populist schemes, has not been backed by the massive increases in revenue. In recent years, there have not been big-ticket investments necessary for accelerating industrial and employment growth. Continuing large deficits, both revenue and
Will ‘bad banks’ create good banks?
JUDGES, JUDGE YOURSELF
India’s democracy stood the test of time while a neighboring state slipped into the thraldom of military rule. This was because in our country the Executive, Legislature, and Judiciary have respected each other and knew where to draw the line. The Indian politicians, as a class, have generally not lived
ReDesigning Chennai – Towards a new paradigm for sustainable mobility
WALMART WEDS FLIPKART
It is the season for royal weddings. On 19 May 2018, Prince Henry of Wales married Ms. Meghan Markle at St George’s Chapel, Windsor. Elsewhere, the Kart entered the Mart when Walmart entered into wedlock with Flipkart. It may not have captured the same attention as the English wedding, but this marriage
The bolts and nuts of enterprise…
He built Sundram Fasteners as the leader in the business of bolts and nuts, metal forming and powdered metallurgy. Recently Suresh Krishna handed the baton to his daughters, Arathi as Managing Director and Arundathi as Joint Managing Director. He had groomed them to manage the sprawling enterprise that has 27
Indian Pilferers League
“There are three kinds of people; the have’s, the have-not’s, and the have-not-paid-for-what-they-have’s,” said Earl Wilson, the American journalist. The aphorism impeccably matches the wicked state of bad loans in the Indian banking system. The country’s bad loans have come within kissing distance of the 10 lakh crore mark! The case of
Guide banks to absorb and adopt technology
Impractical timeline for Bharat VI norms
The great enterprise-builder, nonagenarian V Krishnamurthy (VK), has settled down in Chennai. For close to five decades he worked from Delhi and took the public sector, notably BHEL, Maruti and SAIL, to commanding heights. VK built BHEL, Maruti and SAIL as giant corporations. From 2004, into his 80s, he headed the
A welcome measure to tackle NPAs…
The takeover of the debt-ridden Bhushan Steel by Tata Steel at the cost of Rs 35,000 crore is a watershed in India’s industrial history. Former Finance Minister P Chidambaram, at the fag end of UPAII, used to lament over Rs 800,000 crore of investments remaining stuck. Several projects had gobbled up
