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.
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.
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.
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.
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.
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.
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.