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Photo: Bloomberg
Photo: Bloomberg

It’s better to stop the creation of bad debt than set up a bad bank

Such a bank is a good idea at the wrong time since the legacy problem of dud loans is almost over

From The Wall Street Journal
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Until now, the burden of this once-in-a-century crisis has been borne unequally, and mostly by the poor. (Photo: Reuters)
Until now, the burden of this once-in-a-century crisis has been borne unequally, and mostly by the poor. (Photo: Reuters)

What 2020 did to India’s inequality

  • The bottom 10% of Indians lost a fourth of their income last year. Can the Budget put a lid on widening inequality?
  • In the shadow of an upcoming Union Budget, these facts acquire more resonance. The govt should consider a covid cess on the rich in order to partly fund direct support to the poor.

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Photo: PTI
Photo: PTI

Who will blink first in farmers vs govt stand-off?

For over 50 days now, farmers have massed at various border points of Delhi, seeking a repeal of three farm laws passed by Parliament in September. The protests have raged on despite the SC’s call to stay the implementation of the laws. What are the next steps? Mint explores

(FILES) This file photo taken on October 1, 2019, shows the logos of mobile apps Facebook and Google displayed on a tablet in Lille, France. - Google and Facebook worked together to help fend off an antitrust investigation into the two tech giants which dominate digital advertising, according to a media report citing a draft of a state lawsuit. The Wall Street Journal, which cited a draft version of the complaint filed by 10 US states without redactions in the public version, said on December 22, 2020 the two firms agreed to
(FILES) This file photo taken on October 1, 2019, shows the logos of mobile apps Facebook and Google displayed on a tablet in Lille, France. - Google and Facebook worked together to help fend off an antitrust investigation into the two tech giants which dominate digital advertising, according to a media report citing a draft of a state lawsuit. The Wall Street Journal, which cited a draft version of the complaint filed by 10 US states without redactions in the public version, said on December 22, 2020 the two firms agreed to "cooperate and assist each other" in responding to an antitrust probe. (Photo by DENIS CHARLET / AFP) (AFP)

Stay alert to the disruptive power of social media apps

Democracies must evolve ways to curb the extraordinary influence that these platforms wield today

Photo: Mint
Indian Railways Rajdhani Express

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Deputy CM and Education Minister Manish Sisodia visits Kautilya Govt Sarvodaya Bal Vidyalaya. (ANI)
File photo of farmers' leaders at Vigyan Bhavan  (ANI)
US Capitol  (AFP)
US Capitol (AFP)

US Capitol lockdown lifted, fire nearby contained

  • The lockdown follows the Jan. 6 attack on the US Capitol by supporters of outgoing President Donald Trump
  • The city's fire department posted on Twitter that firefighters put out a fire outside near the Capitol complex

The Mindtree stock has risen 108% since January 2020, compared to a 66% rise in the Nifty IT index (Photo: Mint)
Photo: AFP
ANI Photo
ANI Photo

Farmers’ stir: A question of who would blink first

It’s necessary that the govt’s next attempts to end the deadlock do not prove futile

Analysts believe that DHFL’s acquisition would be a positive for Piramal Enterprises despite the short-term requirement of a large capital infusion.
Finance Minister Nirmala Sitharaman will unveil the budget on Feb. 1 amid the shadow of a projected economic contraction of 7.7% for the current fiscal year (Photo: PTI)
Finance Minister Nirmala Sitharaman will unveil the budget on Feb. 1 amid the shadow of a projected economic contraction of 7.7% for the current fiscal year (Photo: PTI)

Budget 2021 seen raising import duties by 5%-10% on dozens of items: Report

  • The govt is considering hiking import duties by 5%-10% on over 50 items including smartphones, electronic components and appliances in the upcoming budget, the report said
  • The move to increase import duties is part of PM Modi's self-reliant India campaign that aims to promote and support domestic manufacturing

A file photo of agitating farmers at Singhu border in Delhi (Photo: HT)
A file photo of agitating farmers at Singhu border in Delhi (Photo: HT)

The judiciary mustn’t violate the separation of powers

It must respect the functional and structural reasons why its role is distinct from that of Parliament

IDFC First Bank's gross bad loans have reduced to 1.62% of the book in the September quarter from 2.62% a year ago
The bank expects its strategies to take shape in 10-12 weeks (Bloomberg)
Maruti Suzuki recorded a 2% decline from the year earlier to 135,775 units in November.mint (MINT_PRINT)
Maruti Suzuki recorded a 2% decline from the year earlier to 135,775 units in November.mint (MINT_PRINT)

Maruti Suzuki hikes prices on select vehicles by up to 34,000 from today

  • The price change varies across models and ranges up to Rs. 34,000 (Ex-Showroom - Delhi), Maruti Suzuki said in a regulatory filing
  • The company had, last month, announced that it will be increasing prices across its model range from January 2021

Singh managed to live on handouts from other passengers (Photo: Reuters)
Shares of L&T Finance fell 5.33% to close at  ₹99.50 on Monday on BSE
Photo: AFP
A health worker collects a swab sample for the COVID-19 test. (ANI)
A still from Tandav (HT)
A still from Tandav (HT)

Amazon Prime's 'Tandav' team apologizes as controversies hit hard

  • The cast and crew of ‘Tandav’ unconditionally apologize if it has unintentionally hurt anybody’s sentiments, the director said in a tweet
  • An FIR had been lodged against Prime's India head of original content, Aparna Purohit, director Ali Abbas Zafar, producer Himanshu Krishna Mehra and writer Gaurav Solanki

The multiplex sector has been among the worst hit due to the covid-19 pandemic, with operations remaining closed relatively longer than other sectors. (Mint)
ASPs are responsible for providing a regular monthly pension to subscribers after they exit from NPS. Photo: iStock
ASPs are responsible for providing a regular monthly pension to subscribers after they exit from NPS. Photo: iStock

Four types of annuity schemes available under NPS

  • When you reach the age of superannuation/attaining 60 years of age, you will have to use at least 40% of accumulated pension corpus to purchase an annuity that would provide a regular monthly pension. The remaining funds can be withdrawn as a lump sum

IDFC First Bank latest FD rates.
Hike, backed also by Chinese WeChat-operator Tencent Holdings Ltd., has in recent years ventured into adjacent areas such as no-frills phones and expanded even into spheres such as mobile entertainment
Hike, backed also by Chinese WeChat-operator Tencent Holdings Ltd., has in recent years ventured into adjacent areas such as no-frills phones and expanded even into spheres such as mobile entertainment

Hike messaging app shuts down, goes off app stores

  • The startup valued at $1.4 billion in a 2016 funding round announced its app was going off the air earlier this month without explanation

The govt had set up a special borrowing window in October last year to meet the estimated shortfall of  ₹1.10 lakh cr in revenue arising on account of implementation of GST. (Reuters)
The govt had set up a special borrowing window in October last year to meet the estimated shortfall of 1.10 lakh cr in revenue arising on account of implementation of GST. (Reuters)

Govt releases 6,000 cr to states, UTs to meet GST compensation shortfall

  • An amount of 5,516.60 crore has been released to 23 states and an amount of 483.40 crore has been released to the three UTs with the Legislative Assembly (Delhi, J&K and Puducherry) who are members of the GST Council

(Photo: Mint)
Sensex fell 470 points today (PTI)
Ultraviolette co-founders Narayan Subramaniam (left) and Niraj Rajmohan with their F77 electric bike, which has a unique three-in-one battery pack.
Ultraviolette co-founders Narayan Subramaniam (left) and Niraj Rajmohan with their F77 electric bike, which has a unique three-in-one battery pack.

An e-bike maker is out to change some perceptions

  • Ultraviolette F77 is positioning itself as an alternative to high powered petrol bikes and challenging notions about e-bikes
  • Once Ultraviolette had the prototypes to demonstrate its value proposition, investors such as TVS Motor took bets on it

Karnataka Chief Minister BS Yediyurappa. (ANI Photo)
For the December quarter, HDFC Bank reported metrics that beat analysts’ estimates (REUTERS)
Girls click a selfie wearing facemasks of New Year 2021 on the occasion of New Year's eve at Taj Hotel in Mumbai  (ANI)
Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization, talks to the media at the WHO headquarters in Geneva. (AP)
Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization, talks to the media at the WHO headquarters in Geneva. (AP)

World on brink of 'catastrophic moral failure' on vaccines: WHO chief Tedros

  • Tedros Adhanom Ghebreyesus said the prospects for fairly distributing the various jabs were at serious risk
  • 'Not only does this me-first approach leave the world's poorest and most vulnerable at risk, it is also self-defeating,' the WHO Director-General said

Indian Air Force soldiers march during the rehearsals for the upcoming Republic Day parade at the Raisina hills, the government seat of power, in New Delhi, India, Monday, Jan. 18, 2021. India celebrates Republic Day on Jan. 26, highlighted by a march past by different branches of the military as well as a display of arms and missiles. (AP Photo/Manish Swarup) (AP)
Indian Air Force soldiers march during the rehearsals for the upcoming Republic Day parade at the Raisina hills, the government seat of power, in New Delhi, India, Monday, Jan. 18, 2021. India celebrates Republic Day on Jan. 26, highlighted by a march past by different branches of the military as well as a display of arms and missiles. (AP Photo/Manish Swarup) (AP)

Flypast at Republic Day parade will culminate with Rafale aircraft: IAF

'The flypast will culminate with a single Rafale aircraft carrying out a 'Vertical Charlie' formation,' says Wing Commander Indranil Nandi

JSW Group which employs 55,000 people—directly and indirectly— has plans to vaccinate its staff working at its corporate offices, plants and townships in next financial year
JSW Group which employs 55,000 people—directly and indirectly— has plans to vaccinate its staff working at its corporate offices, plants and townships in next financial year

Steel firms engage with vaccine makers for bulk supply of doses for employees

  • JSW Steel and JSPL are in talks with vaccine makers to place orders
  • Tata Steel, AMNS India and Rashtriya Ispat Nigam said they will continue to support the govt in nationwide drive and will wait till vaccines are available for corporates

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