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Ambani vs Ambani: RIL's affidavits
RNRL's submissions on the MoU
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Mahesh Vyas
The 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.
One 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.
Inflation 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.
Output, prices and employment are the three most important pieces of economic data in any modern economy.
One of the enduring fears of recent times has been that investments are taking a serious beating.
The 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.
RBI’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.
The 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.
The 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.
