Friday 01 Mar '13The finance minister kept his promise to curtail the fiscal deficit in spite of the failure in auctioning 2G spectrum and the ballooning of the subsidy bill from R1.9 trillion to Rs 2.6 trillion.
Tuesday 01 Mar '11Corporate India has been optimistic on India’s growth prospects. A recent pre-Budget survey of 127 CEOs/CFOs conducted for Bloomberg UTV showed that 74% of them are more confident this year than in the previous year, 61% will expand capacities, 68% will hire more this year and more than 80% will invest this year.
Saturday 31 Jul '10The latest data from CMIE’s CapEx database indicates that investments into fresh capacities continue to boom. During the quarter ended June 2010, the CapEx database recorded 900 new project announcements to invest Rs 5.8 lakh crore.
Tuesday 06 Jul '10RBI raised short-term interest rates by 25 basis points. Most bankers reported that this will not impact lending rates. HDFC Bank dropped interest rates on home loans the same day. While this may be unrelated to RBI’s action, it is a reflection of the ineffectiveness of RBI’s action.
Tuesday 01 Jun '10Greater urbanisation should be a specific objective of public policy. While more than half of India continues to live in the villages, there is nothing worth even romanticising about rural India any more.
Thursday 10 Dec '09A question that the extraordinary growth of 7.9% in the second quarter raises is whether this will lead to a surge in capital inflows that will bring with it its own set of policy....