Does India really need a New Education Policy? Is our educational reform held back by the datedness of the 1986/1992 education policy which was written before the internet and mobile phones? On this question, I tend to agree with what the current Prime Minister said back in 2013 – “India needs Action, not Acts.” So I admittedly approach the draft National Education Policy 2019 with some scepticism.Further, in my opinion, a good policy should not be too long, should take stands on important issues, prioritize action items, readily provide evidences for the tenets it advances and draw extensively on the experience of people who have worked in the sector nationally and internationally. It should focus on the objectives that more of us can agree on, than on philosophies on which there will be more divergence. These points are important because in India we tend to write policies and Plan Documents in education that say the right … [Read more...] about Does India really need a New Education Policy to achieve educational equity?
Nomura profits tumble 91 on fixed income equities slump
Hero MotoCorp on Friday posted a 24.51 per cent year-on-year fall in profit at Rs 730.32 crore for the quarter ended March 31. The figure stood at Rs 967.40 crore in the corresponding quarter last year. Analysts in an ET NOW poll had projected a net of Rs 730 crore. Revenue declined 7.92 per cent in Q4 to Rs 7,884.96 crore over Rs 8,564.04 crore reported for the same quarter last year. Analysts in the ETNOW poll had projected Rs 7,770 crore revenue. The company reported 13.6 per cent margin in Q4 against 16 per cent in the year-ago period. The board of the auto major recommended a final dividend of Rs 32 per equity share. The dividend, if declared at its AGM, will be paid by August 28, 2019. Commenting on the earnings numbers, Chairman, Pawan Munjal said: “While the near-term prospect of the domestic two-wheeler market is likely to remain challenging, the festive season however is expected to brighten up sentiment and revive growth in the second half of FY20.” Current … [Read more...] about Hero MotoCorp Q4 profit slumps 25% YoY to Rs 730 crore; firm announces Rs 32 dividend
Private lender IndusInd Bank on Wednesday posted lower-than-expected financial results for the quarter ended March 31 on nearly five-time spike in provision and contingencies on a yearly basis. The lender posted 62.21 per cent dip in profit at Rs 360.10 crore. Analysts in an ET NOW projected a profit of Rs 765 crore during the quarter under review. Shares of the lender were trading 0.69 per cent down at Rs 1,437.55 after the announcement of quarterly numbers. Here are the other key takeaways from IndusInd Bank’s fourth quarter earnings: Exposure to IL&FS: The lender classified Rs 3,004 crore worth of exposure to IL&FS group as non-performing assets (NPA). This includes Rs 2,000 crore to holding company and Rs 1,004 crore to group companies and SPVs. As much as 70 per cent provisions held against holding company exposure and 25 per cent were made against operating companies and SPVs. Net interest income (NII): Net interest income of the bank increased 11.19 per … [Read more...] about IndusInd Bank Q4 profit takes a hit from IL&FS provisioning: key takeaways
'Historically, the lead-up to a general election tends to be excessively volatile and big losses are perfectly possible,' points out Devangshu Datta. Photograph: Mohamed Abd El-Ghany/Reuters The randomness of stock market returns can be illustrated by long time-series. In the 20 years since January 1999, the Nifty had seven years of net losses. It also had three big years when it gained over 50%. In 10 years, it gained, with annual returns somewhere between 1% and 15%. In January 1999, the Nifty was at trading around 900. It is now in the 10,750 range. This means the compounded return for this period is around 13.25%. The compounded annual rate of growth, or CAGR, is more than acceptable since the real returns would have exceeded inflation comfortably. It's unlike that any other asset-class would have fetched higher returns across that two-decade period.But the return is not consistent. Something like 40% of the time, the return is either negative, or lower than inflation. In 11 of … [Read more...] about Good time to take stock of your equity portfolio
NEW DELHI: Shares of infrastructure companies were trading in the red in Friday's afternoon session. While Reliance Infrastructure (down 4.81 per cent) , Vodafone Idea (down 4.79 per cent) , Bharat Heavy Electricals (down 4.51 per cent), NCC (down 4.4 per cent), and Reliance Power (down 4.23 per cent) were trading in the red. NBCC (India) (down 2.93 per cent) , Tata Power Company (down 2.87 per cent) , CG Power & Industrial Solutions (down 2.78 per cent) , GMR Infrastructure (down 1.91 per cent) , IRB Infrastructure Developers (down 1.55 per cent) , Torrent Power (down 1.51 per cent) , CESC (down 1.38 per cent) , Adani Power (down 1.31 per cent) , Larsen & Toubro (down 1.02 per cent) , NTPC (down 0.88 per cent) , Engineers India (down 0.48 per cent) , Bharti Airtel (down 0.38 per cent) , Adani Ports & Special Economic Zone (down 0.33 per cent) , Siemens (down 0.2 per cent) and Power Grid Corporation of India (down 0.08 per cent) too were the top losers in the index. The … [Read more...] about Share market update: Infra stocks fall; RInfra slumps 5%