Corona is a bigger opportunity than a threat for India!
by Nirmal Jain March 27, 2020 12:21 IST
What we have is the biggest ever lockdown in the history of mankind! There is an opportunity to do things we could not do before.
Tax cut is bigger than demonetisation and GST: Nirmal Jain
by Nirmal Jain September 30, 2019 16:40 IST
The government has demonstrated flexibility and humility to change its own decisions quickly and prevent damage. The corporate tax increase done in the Budget, has been more than reversed in less than three months.
Can We Save Nationalised Banks from Extinction?
by Nirmal Jain March 09, 2018 15:38 IST
In the current situation, only resolute bold measures taken quickly can save these nationalised banks from extinction. It is unorthodox to take up such sensitive reforms in an election year. But it could prove to be game changer, like unprecedented and unorthodox reforms in the form of demonetisation and GST.
Sell the family jewels before they lose their lustre
by Nirmal Jain July 12, 2017 16:55 IST
Market value of all the PSU banks today is less than book value, at around $70billion. If PSU banks had performed in line with the private sector banks, they would have been worth $250 billion. While statutory obligations for priority sector lending, SLR, CRR are all similar for public and private sector banks, PSU banks had natural advantage for having inherited a huge branch network, credibility of government ownership and dominant share of PSU enterprises' banking business.
Is Indian farmer destined to live in destitution and die in debt?
by Nirmal Jain June 16, 2017 17:02 IST
When two soldiers are martyred at the border, the whole nation rallies with them. When two hundred farmers commit suicide or die on the farms, you would hardly find a mention in social media. We should not forget that Kissan (farmer) is as important as Jawan (soldier) and we say in one breath Jai Jawan Jai Kissan. Today we need war cry not at the border but in the farm.
Modi govt's three years has put India on the path to glory
by Nirmal Jain May 17, 2017 17:06 IST
I have never been as bullish on India for next ten years, as I am today. My optimism is based not only on a stable government moving firmly in the right direction but also on India’s unique position in the global economy at this point in time.
Government must act fast to contain the side effects of demonetisation
by Nirmal Jain November 21, 2016 15:11 IST
“The government has a golden opportunity to act fast and mitigate the side effects on the ordinary citizen as much as possible. Smaller measures are increasing availability of physical cash quickly and removing or relaxing cash withdrawal limits from ATM's to at least Rs 20,000 and removing limits for withdrawal from banks” said Nirmal Jain.
Lower-than-expected GST rate can be the real game changer
by Nirmal Jain August 16, 2016 11:47 IST
A simple courageous call on keeping rates surprisingly low for instance 8% for essential, 16% standard and 32% for luxury items can be the real game-changer.
Budget 2016: A strong case for interest rates to head southward and boost investment
by Nirmal Jain March 02, 2016 10:20 IST
As government’s market borrowings have been capped at Rs 4.2 lakh crore, there is a strong case for interest rates to head southward.
Budget 2016: Why an anti-rich Budget wouldn’t be a pro-poor one
by Nirmal Jain February 26, 2016 11:39 IST
"There are murmurs in the market that the Budget stance will be pro-poor and antirich. A few such provisions being talked about are dilution of long-term capital gains tax exemption, increase in dividend distribution tax, increase in corporate tax rate and further increase in the surcharge rate on the high income group,” said Nirmal Jain, Chairman, IIFL Group.