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India needs 7 SBIs to compete globally

India needs 7 SBIs to compete globally Faced with intensifying competition, the domestic banking sector endorses the need for creating six or seven banks of the size of the State Bank of India (SBI) to compete globally and laments lack of sufficient autonomy to offer attractive incentive packages to its employees to ensure commitment and increase productivity. The industry chamber FICCI suggested of diversification of markets beyond big cities, reduction in transaction cost, increase labour flexibilities and improved human resource management to achieve growth in this sector. As per the survey Indian banking system: the current state and the road ahead as high

Bt cotton: Lessons India can draw from China

Bt cotton: Lessons India can draw from China Ever since MRTP Commission injuncted Mahyco Monsanto Biotech (India) Ltd (MMB) collection of trait value @ Rs 900 per 450gm of Bt cotton seeds and directed them to reduce the trait value to the levels of China, there has been lot of interest in the Indian media, farmers and seed industry about Bt cotton seed pricing and royalty collected in China. In China there are two different Bt cotton technologies available. The Bt technology, developed by Chinese Academy of Agricultural Sciences (CAAS), which is the apex agricultural research body of China, was

India no longer second to China

India no longer second to China India has moved up the perception ladder. From playing the catching-up game with China to acquiring importance equal to it, India has come a long way. The World Economic Forum East Asia Summit 2006 started with Asias growth model, and the accent was clearly on India and China. What stood out at the session was that both the countries were being discussed in the same breath and not as though one was in a higher league than the other. All the speakers were unanimous in their belief that India and China had become a force

India’s New Year message for China

India's New Year message for China This will be on top of the agenda when foreign secretary Shyam Saran travels to Beijing for talks with his counterpart Wu Dawei. It’s an important message and one PM Manmohan Singh stressed as he travelled to the first ever East Asian summit in Kuala Lumpur, a forum where some countries in East Asia are wondering whether the region will become a strategic battleground for India and China. "There is a misconception that India and China are competitors and this is not true," Manmohan had said on his way to Kuala Lumpur. "India’s relations with

India, China take centre stage at Davos

India, China take centre stage at Davos As the curtains came down on the annual meeting of the World Economic Forum today, the spotlight remained firmly fixed on India and China, with global business leaders expressing interest in tapping the booming economies of the two Asian giants. The potential growth of India and China, besides Iran’s nuclear programme and Iraq were reviewed by executives and political leaders during the week. At the final session of the WEF Sunday, former World Bank president James Wolfensohn termed as ‘‘hugely important’’, the global shift to India and China - the two most populous countries, whose growing