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 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.
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.
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.