Patience is a virtue

Patience is a virtue

At a foreign bank organised symposium in the city, the organisers had banked on painting a positive picture of the Indian economy that had shaken off months of uncertainties. While the sudden dip in the data on the annual GDP released by the CSO caught the speakers by surprise, professor Rigobon of MIT came to the rescue. The professor's seminal work on economic data analysis was quizzed by the audience on the seeming inconsistency in Indian data. But the professor stood firm, insisting that citizens need to be patient with experiments the government does on policy front to make the country rediscover a faster growth rate.

OF rising sons and NPAs

With the number of companies reporting to the Corporate Debt Restructuring Cell continuing unabated, a related phenomena has caught the attention of analysts. Quite a few of the chiefs of these companies have also begun handing over the effective administration to their children. As one of them remarked, if the graph of the companies are matched with the change-overs it can almost become one of causal co-relation. Apprehend a move to CDR — ergo, change guards at the top.

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