A reading of the Financial Stability Report (FSR) of June 2024 gives the impression that bank balance sheets are strong enough to withstand shocks. Lowest impairments in a decade, robust earnings and strong buffers have raised comfort levels. Governor Shaktikanta Das, in his foreword, assured the Reserve Bank of India (RBI) is watching emerging risks. The fact remains that the banking sector governance framework is still not in place, with the recommendations of the IMF’s FSAP of 2017 swept under the carpet. The government’s reluctance to divest majority ownership in public sector banks remains the big stumbling block.
If 10 million youth are to be given internship in 500 companies, each company would have to accommodate 20,000 interns over five years, or 4,000 interns per year. This is a high number even for large companies.
Cricket is more than just a sport. It is therapy. When it is about India winning the World Cup, cricket becomes a continental catharsis. An American visiting me in India was surprised that the T20 World Cup was co-hosted by his own country. To a true blue American, a five-day Test match was like baseball on sleeping pills—a slow dance of strategy and patience. Now, the frenetic energy of T20 cricket, where every ball is a potential game-changer, he discovered, is like Test cricket on high testosterone. T20 cricket is an organised amygdala hijack.
Debashis Chatterjee, Director, Indian Institute of Management Kozhikode (IIMK) has said that the Budget presented by Union Finance Minister Nirmala Sitharaman in Parliament has laid out an ambitious roadmap for achieving Vision 2047 of a developed India.
The announcement of a national research fund is a welcome step to boost innovation and research, with a special focus on private sector-driven research and development
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