Either you take your boots off the neck of the industry and let it better compete with Mukesh Ambani....
That is what Vodafoné's Nick Read had to say on his firm's future in India.
Sounds more like an ultimatum?
I'm Kshitij Bhargava and I'm Deepshikha Rahi and today's daily rundown has a few points for the Centre the ponder....let's begin..
Well the first point comes from India's biggest public sector bank (Pause), the SBI.
In its report, it sees India growing by just 4.2% in the second quarter
The bank attributes the number to low automobile sales, deceleration in air traffic movements, flattening of core sector growth and declining investment in construction and infrastructure.
Alarming yes, but it says there a silver lining.
The bank expects growth rate to pick up pace in FY21 to 6.2 per cent and some revisions to the GDP data as in the past, but that is likely in February 2020 as is the custom.
The second point comes from credit SOOISE Continuing credit crunch with loan growth dropping to demonetisation lows of 6 per cent in the July-September quarter is expected to prolong recovery of economic activity in the country, it said in a report.
The report said that in the July-September quarter, loan growth in India has dropped to demonetisation lows of 6 per cent, as the NBFC lending has pulled back and there is a slowdown also in bank lending, about 8%.
The third one from a report by Bloomberg Economics that says no one nation, not even India, was able to reproduce the kind of success China enjoyed in transforming its economy.
So mini Chinas are drawing blank
That's right and blank is the state in Maharashtra now. The Shiv Sena has moved the Supreme Court seeking a hearing against the Maharashtra Governor's decision not allocating three days to get letters of support from NCP & Congress to stake claim on formation of the government.
The apex court registry is yet to get a nod from the CJI on listing the matter.
Shiv Sena has said that the Governor has acted in a high handed manner and denied extra time for government formation.
They say they have a point but will it be the turning point for the game that's being played in Mahrashtra. Track our special liveblog on the Maha drama being played out and more on the economictimes.com