MAR 09 The Economy: Will it be a roller coaster ride?
The cosy relationship between the government and industrial houses can be one of the primary reasons for the rise in non-performing assets of the banking sector which is under the control of the government, said experts at the panel discussion on ‘The Economy: Will it be a roller coaster ride?’ organised by Karvy as part of ‘The Finapolis Knowledge Series’.
The panel discussion featured economic and political analyst Mohan Guruswamy, Santanu Mukherjee, former MD of State Bank of Hyderabad, and Vetri Subramaniam, group president and head equity of UTI Asset Management Company Ltd.
“The banking sector is in a state of crisis and while the RBI has been sleeping, the government has not cracked the whip,” said Guruswamy. He said the political system needed to be reformed to prevent siphoning of funds.
There is also a need to integrate use of technology to crack down on tax defaulters. “In Europe, if you are a tax payer, you will get a notice from the IT department with your social security number and the tax you are expected to pay,” said Mukherjee. A similar system could do wonders in India.
“One of the primary concerns of the economy is that there is not enough credit to lend to genuine borrowers. The lending ability of banks is constrained and to some extent, growth also gets constrained and this in turns limit’s the economy’s potential to grow,” said Subramaniam.
JAN 11 Will Budget 2018 Kickstart Growth and Employment?
Deviating from popular perception that the Union Budget would be a populist one, panellists speaking at the 6th edition of The Finapolis Knowledge Series organised by the Karvy Group at Park Hotel on January 11 agreed that Finance Minister Arun Jaitley would focus on spending more to create employment opportunities.
Karvy Group chairman C. Parthasarathy, who was one of the panellist speaking on ‘Will Budget 2018 Kickstart Growth and Employment?’, said the Union Budget would be growth oriented. Other speakers were chartered accountant M.R Vikram, Editorial Director of Business Standard A.K. Bhattacharya and Partner in Gandhi and Gandhi chartered accountant firm Ajay Gandhi.
AUG 24 Startups: Is There a Formula for Success
Although there is no magic mantra for success in start-ups, the best formula to get started is it to “Just do It”, said the panelists at the 5th edition of The Finapolis Knowledge Series organised by the Karvy Group on August 24 at The Trident, Hyderabad.
Popular names in the business Dr. Srikanth Sundararajan, Mr Rahul Narvekar, Mr Srinivas Kollipara and Ms Lakshmi Nambiar spoke on the topic “Startups: Is There a Formula for Success” amidst an august gathering of entrepreneurs, academicians and students.
JUN 30 Future of Globalisation:Challenges and Opportunities
The fourth edition evaluated what future of India holds in terms of opportunities and possible areas of challenges in the environment of rapid globalisation. Panelists were of the opinion that India can play a major role in the global space in spite of China being seen as a rising economy and tough competitor in world markets.
MAY 05 Is this the Mother of all Bull Runs
The third edition of the Finapolis series witnessed tremendous footfall especially due to well-known panelists. The discussion centered around common stock market myths and analysed investor speculation while also being suggestive that equities remains the best bet, being one of the strongest in the asset class.
MAR 17 GST: A mantra for growth
The second edition discussed the myriad after effects of a unified tax structure which was then under talks to be implemented in India: the Goods and Services tax. The discussion debated if this new tax structure could be India’s new mantra for growth.
JAN 25 What should the Union Budget do to rev-up growth and create jobs
The first edition of the series was a discussion on how the Indian budget could boost employment opportunities and trigger growth in national income.