The Reserve Bank of India recently disallowed the use of Letters of Comfort (LoC), which may impact loans worth Rs 35,000 crore. What is this letter of comfort? Let us find out
It should not be forgotten that sound economics consists of taking into account long-term effects of a particular policy on all rather than short-term effects on a particular group
Great to learn that the two main political parties gave up their usual penchant for quibbling over petty politics and decided to 'get down to business'
A simplification of statutory reporting procedures should be backed by strict follow-up with penal provisions to ensure timely compliance with statutory requirements
The across the board doubling of customs duties, which seems to be a hasty decision, will adversely affect the whole manufacturing and retailing industry in the country