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.
Thursday 22 Apr '10The token measures taken by RBI in its monetary policy statement acknowledged the concerns of the economists at investment banking firms and yet left the economy free of...
Friday 05 Mar '10How much of the fiscal stimulus did the Union Budget roll back? The government has indicated that the rollback will be in stages as the economy returns to a more sustained...
Thursday 18 Feb '10The Central Statistical Organisation released the Quick Estimates of National Accounts for 2008-09 and simultaneously moved the base year for inflation-adjusted....
Monday 25 Jan '10Indian corporates are expected to announce good financial results for the quarter ended December 2009. Earnings growth rates have accelerated during 2009.
Wednesday 16 Dec '09K Chandrasekhara Rao’s successful showdown on the issue of a separate state of Telangana has raised concerns over similar demands cropping up to create separate states of....
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....
Tuesday 17 Nov '09The Sebi Committee on Disclosures & Accounting Standards has recommended that the audited figures of the major heads of the balance sheet be disclosed by listed companies on a half-yearly basis. This is a major step in improving disclosures.
Thursday 22 Oct '09One reason why consumer demand in India did not collapse like it did all over the world following the Global Liquidity Crisis is that households in India are not highly leveraged like they are in developed economies.
Wednesday 23 Sep '09Inflation as measured by CPI is at a 10-year high. And, it ain’t creating a correspondingly vexatious tempest. In the past very high levels of inflation have brought down governments.
Thursday 13 Aug '09The south-west monsoon has been a disaster this year. As of August 5, the precipitation this season was 25% lower than the long period average.
Wednesday 29 Jul '09RBI’s monetary policy announcement of July 28 maintains the much expected status quo on policy interest rates. Yet, it makes some bold statements that reveals its intent more than its formal stance on interest rates.
Thursday 16 Jul '09The gross fiscal deficit of the central government is projected to be 6.8% of the gross domestic product in 2009-10. This is higher than most expectations.
Wednesday 01 Jul '09The first budget of a stable government should have a long term perspective. There is no need to be populist when the tenure is secure. The UPA government of 2004-09 floated two long-term schemes that provide useful lessons in formulating long term strategies.
Wednesday 17 Jun '09International perceptions regarding India’s sovereign risk matter. They determine capital flows. And capital flows are important to bridge the current account gap, to fund investments and to bring in the FII flows that make Indian equity markets look sexy.