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Nayak panel stirs up a row

he committee to review governance of boards of public sector banks headed by former Axis Bank Chairman and Managing Director P. J. Nayak submitted its report a few days before the announcement of election results. The timing of the report is significant. Its major recommendations are — by the standards

Don’t mess with the banking sector

Government ownership has been a factor underpinning stability in banking As the new Finance Minister, Arun Jaitley, comes to grips with his portfolio, he will need to quickly focus on the banking sector. Today, Public Sector Banks (PSBs), which account for over 70 per cent of assets in the banking system,

The time for SAARC is now

Domestic politics are impacting overall SAARC relations. As the largest SAARC economy, we must strive to minimise differences with our neighbours by understanding how they perceive our policies, and uphold the promise of this regional bloc December 8, 2012 marked the 43rd anniversary of the South Asian Association for Regional Cooperation

Multiplying India’s LNG options

With Russia facing western sanctions, it is looking to Asia as a gas export destination. So is the U.S., which plans to ease exports to non-FTA countries. India can benefit from both. But to increase much-needed supplies, India must build partnerships and scale up pipeline and import terminal infrastructure As

Decoding RBI’s policy on foreign debt

The RBI’s two-pronged strategy to protect the economy from tapering-led volatility discourages unproductive external borrowings and prods foreign portfolio debt investors to think long-term. There’s another vexed issue: the IMF has sounded a cautionary note on the rising number of foreign currency debt laden Indian firms The Reserve Bank of

Little Hope for Entry into the SCO(Shanghai Cooperation Organisation)

As the dateline for NATO troops’ withdrawal from Afghanistan reaches near, the SCO states are worried about the possible fallouts of the situation on Central Asia. Interestingly, Tajikistan that borders with Afghanistan will take over as the next Chairmanship of the SCO and countries like Pakistan, India and Iran would

Six takes on the Ukraine crisis

It is seven months since the first round of protests began in Ukraine, and the crisis has only escalated further. Russia has rejected calls for another round of talks and parts of eastern Ukraine are seeing violence on a daily basis as pro-government loyalists try and take back cities controlled

A New Vision for India

NEW DELHI – India’s Bharatiya Janata Party, led by Narendra Modi, has stormed into office, winning its first absolute majority and reducing the formerly dominant Congress party to a rump, with just 44 of 543 seats in the lower house. Although India’s sputtering economy was the dominant issue in the campaign, Modi’s