“Australia has plenty to offer by way of technology and expertise in the area of infrastructure as India gets ready for smart cities, and Andhra Pradesh gives shape to the new capital, while Telangana gears up for more...”
Sources said among those on the bus is likely to be State Bank of India chairman Arundhati Bhattacharya. Finance Minister Arun Jaitley, RBI Governor Raghuram Rajan, and top officials of the Finance Ministry will also attend the off-site next weekend, being called a "Gyan Sangam" or knowledge meeting.
RamNaresh Gorlamandala's insight:
Got to love our Indian Prime minister - Weekend retreat with Indian Bank CEO's, Finance Minister and Reserve Bank of India Governor. Topics for discussions are quite encouraging and we hope this retreat will really create meaningful outcomes to fuel the largest democracy in the world.
Mr Modi has reportedly identified six topics for group discussions - consolidation and restructuring of public sector banks (PSBs) for better efficiency and capitalisation needs; effective risk profiling and recovery mechanisms; human resources-related issues with special focus on training and motivation of staff; global practices and use of technology in banking operations; financial inclusion/financial literacy and direct benefit transfer, and priority sector lending and interest subvention schemes.
The PM has faced criticism in recent weeks that his ambition to spur investment and re-energise the economy has yet to be realised, more than six months after he won elections with the strongest mandate in three decades.
RamNaresh Gorlamandala's insight:
This is a great sign that Indian markets opening up and also shows that PM modi's government is Open for Business. Australia are you in the race to ride the India wave or No?
The government has set the floor price for the sale of a 5 per cent stake in Steel Authority of India Ltd (SAIL) at Rs 83 per share, through which it hopes to raise up to Rs 1,700 crore ($275 million), an official said on Thursday.
Family-owned businesses are a large and growing force. Organizations that want to collaborate—or compete—with these companies in emerging markets must first understand them. A McKinsey Quarterly article.
Activism over funding for coal projects in Queensland's Galilee Basin has spread to the GVK Hancock $6 billion Alpha Coal venture, with the partners taking issue with claims by anti-fossil fuel campaigners that French bank Societe Generale has...
India has "really surprised" in 2014 and it might do so again next year as the country's GDP growth figure is expected to pick-up from 5.6 per cent in the current fiscal year to 7 per cent in 2016-17, Citigroup has said in a report.
India has eased foreign direct investment rules for the construction sector, the government said in a statement on Wednesday, in a move to attract more money into the country to build new hotels, housing and townships.
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