Friday 02 Mar '12Are there alternative ways of addressing the MFI issue, considering that the new proposed guidelines for priority sector lending earmark 9% of credit for this segment?
Tuesday 21 Feb '12The MCX IPO is an important development not just because it will be one of the bigger ones that will hopefully lift the market but also because it spurs debate on the public issue of a company that comes under what is called financial infrastructure.
Friday 10 Feb '12In a lighter manner, it is said that published data is as whimsical as forecasts made by a plethora of experts and organisations, including several government arms.
Wednesday 08 Feb '12At 6.9%, the advance estimate of GDP for FY12 is not really a surprise, since we have sequentially lowered the number from 9% in February 2011 at the time of the Budget to 7% in the last RBI outlook.
Thursday 19 Jan '12When there is limited hope and an air of despondency clouds the future prospects of any economy, it is only appropriate that we go back to the textbook for an answer.
Saturday 10 Dec '11The Indian economy presents a collage of contradictions. At the forefront is dissatisfaction at the status quo in reforms notwithstanding the government’s attempts to make things move.
Friday 09 Dec '11There is a new dimension to the inflation conundrum. A thought that comes to mind is whether higher prices have also been driven by higher incomes.
Monday 28 Nov '11If organised retail is acceptable and adds value to the food chain by delivering superior results through better logistics, shopping experiences and prices, then getting in FDI is really no different.
Thursday 24 Nov '11The rupee was in a remarkable state of somnolence for quite some time until August, but September has turned out to be the turning point.
Wednesday 05 Oct '11That the fiscal deficit was going to be exceeded was a foregone inevitability once the government reduced duties on oil products a few months ago, which would result in a fall of around R50,000 crore in tax revenue.
Wednesday 24 Aug '11The protests by Anna Hazare come at a time when the world economy is also battling a credibility issue, with a global slowdown being conjectured for the current year.
Saturday 06 Aug '11One issue which has been a matter of conjecture even more than whether or not Lady Gaga performs in Mumbai is the true state of the economy.
Monday 11 Jul '11Futures on 91-days’ T-bill is an interesting development, considering that there is scepticism attached to money market derivatives, given the lacklustre response to the IRFs twice over.
Monday 04 Jul '11Do we need intermediaries to run our financial lives? This is an important question because we tend to normally spurn them in, say, agriculture, where they add to transaction costs—in horticulture, they account for 65-70% of the final consumer price.
Thursday 30 Jun '11Philanthropy is a good thing to talk about, and the visit of Warren Buffet to India has added more spice to the art of giving, which is what everyone wants others to do today.
Thursday 02 Jun '11There is talk once again of allowing FDI into retail. This thought has been driven not so much by change in ideology of being less xenophobic but by the high food inflation numbers.
Tuesday 17 May '11The mood in the economy after the presentation of the monetary policy is quite a contrast to that when the Union Budget was announced.
Friday 22 Apr '11The growth of the commodity futures markets has been quite amazing in the last few years. Forward Markets Commission data shows that volumes have been around Rs 120 lakh crore in FY11.
Saturday 02 Apr '11The UID scheme, given our disdain for the current system of providing support to the poor, has spoken of an alternative to the existing structure of public distribution, which is inefficient and needs to be replaced.