Tag Archives: Sector

From farm sector to personal finance, here’s The Indian Express’ full coverage of Budget 2020

Union Finance Minister Nirmala Sitharaman, flanked by her deputy Anurag Thakur (to her right) and a team of officials, shows a folder containing the Union Budget documents as she arrives at Parliament Facing one of the steepest slides in growth and just into the first year of its second term, the NDA-2 government decided to play safe when it came ... Read More »

Financial sector moves ahead on the back of tech

For an average Indian investor, if the turn of the 21st century was about moving beyond the comforts of fixed deposits to market-linked products, the first 10 years were spent discovering the imperfections of the market. Fragmented markets with regulators fighting over turf left investors confused and grappling for recourse. The start of this decade held out hope as the ... Read More »

Has India’s financial sector lost the plot?

Reforms have failed to boost public investment or provide relief to financial institutions. A comprehensive review is needed The outcome of reforms in India, in a broader sense, is remarkable. The breadth and depth of finance have vastly increased — be it in banking, financial markets, insurance, or fund management. Investment opportunities have grown with newer asset classes, an expanded ... Read More »

Finance Minister Nirmala Sitharaman to meet public sector bank heads today

NEW DELHI : Continuing efforts to increase credit disbursement, Finance Minister Nirmala Sitharaman will meet the heads of public sector banks (PSBs) today to take stock of recent steps taken by the government, including the first phase of the ‘outreach programme’ across over 200 districts during the festive season, a senior government official told Mint. It is learnt that the minister is expected ... Read More »

Budget 2019: Education sector gets ₹94,854 crore, research gets leg up

NEW DELHI: The union budget Friday allocated ₹94,853.64 crore for education sector in 2019-20, an increase of nearly₹10,000 crore of what 2018-19 budget estimates had pegged for the sector. While in 2018 budget estimate had pegged ₹85,010 crore, the revised budget had curtailed this number to ₹83,625.86 crore, the budget documents showed Friday. Of the total ₹94,853. 64 crore education budget, ₹56, 536.63 crore has been pegged for ... Read More »

Budget 2019 likely to boost India’s education sector

ndia’s Annual Budget decides the way ahead for different sectors in the country. In this year’s Budget, the Government has emphasised on education along with other sectors. How the Budget 2019-20 will pave way for improvement in education sector, observes Akhil Shahani, Managing Director, The Shahani Group, for Elets News Network (ENN). Akhil Shahani, Managing Director, The Shahani Group The acting Finance ... Read More »

Bank credit growth to priority sector slows drastically

Most of priority sector loans are supposed to serve a social purpose and they are meant to ensure that credit flows to those sections of society whom the banks may otherwise neglect. Photo: AFP It’s not just lending to the beleaguered corporate sector that has slowed—bank credit growth to the priority sector too has fallen considerably in recent months. The ... Read More »

Rural Financial Inclusion: Small Finance Banks Could Pick up Where Public Sector Banks Left Off

Microfinance institutions lend at between 20% and 26% and are able to get all their money back with negligible non-performing assets. Credit: Reuters A fundamental change is taking place in Indian banking which has the potential to become as dramatic as bank nationalisation. The process is understood, but its likely impact is not. Hence the issue is missing from headlines. ... Read More »

Why Education Is the Hardest Sector of the Economy to Automate

We’ve all heard the warning cries: automation will disrupt entire industries and put millions of people out of jobs. In fact, up to 45 percent of existing jobs can be automated using current technology. However, this may not necessarily apply to the education sector. After a detailed analysis of more than 2,000-plus work activities for more than 800 occupations, a report by McKinsey & Co states ... Read More »

Impact of GST on Education Sector

Image for representational purpose only (Photo courtesy: PTI) The Right of Children to Free and Compulsory Education Act of 2009 has made education not only compulsory but has also made the Govt. responsible to provide education at economical rates. The  Council has kept education sector free from its ambit. Services related to education, provided by any educational institution to its ... Read More »