India’s ex-prime minister says the nation needs a unified approach to fuel growth LEFT: Supporters of India’s main opposition Congress party attend a protest against what they say is a rise in the prices of essential food items and fuel in Ahmedabad in June. RIGHT: India’s former prime minister Manmohan Singh (blue turban) and main…
Can Modi balance populism and prudence as external risks mount? India’s Prime Minister Narendra Modi likes taking big steps and does not shy away from wagering his political capital. But he squandered quite a bit of it with his November demonetization measures, which banned 500- and 1,000-rupee bank notes. Modi was widely expected to unveil…
Indian bank governance is in the spotlight amid the ballooning $2.1 billion fraudulent-loan scandal at Punjab National Bank. © Reuters NEW DELHI – The crisis in India’s state-owned banking sector is deepening, but the government may be preparing to give a key oversight body, set up two years ago to improve governance at bank boards,…