Jamal Mecklai

Articles By Jamal Mecklai

97 Articles

India after the virus passes

There is no doubt that the coronavirus is a seminal turning point in human history, and like all countries, India, too, will be definitively changed.

With millions of working Indians unable to survive for more than a few days of no work, it is an insult to humanity to call India even a developing country. (AP Photo) News

A bright spot in the corona-crisis: How the calamity will push politics to reflect world’s shift toward community

The pandemic, which proves beyond doubt that we sink or swim together will push politics to reflect the world’s shift toward community.

This shift is already being seen in the approaches to the huge government spending that is necessary in this crisis to simply sustain economies. News

After the fall: Difficult for policymakers to even think about taxing capital

Far from recognising the problem, the central banks remained focused—counterproductively—on preventing any decline in asset prices.

policymakers, interest rates, financial assets, capital assets, corona virus, taxing capital, asset prices News

The Gods must be crazy: Central banks believe ther are protecting investors from their own foolishness

Today, central banks are the loudest voice in the market, believing that they are protecting investors from their own foolishness, and financial markets from instability.

Opinion News

2008 once more? The world may be headed for another global economic crisis

Given the current economic situation—mainly, the US-China trade war, and the breakdown of corona virus—the world may be headed for another global economic crisis

trade, us News

Ladder system in corporate world: pros and cons

Main positives of using a ladder are that it does not require the use of a market view, and they can be relatively simple to implement. However, they carry too much risk

Let us look at a simple ladder running for 12 months, where 25% of the exposure is hedged to 12 months, 25% to nine months, and 25% to six months with the balance held open for spot. (Representational image) News

Welcome to Shaheen Bagh: PM Modi inadvertently unites huge mass of Indians

The current regime has no other agenda but to divide Indian from Indian, as viciously as it possibly can. We have to respond peacefully and cleverly, and with a breath of humour

As time passes, the protests will become about much more than CAA/NRC/NPR. (Reuters image) News

Another all-time low for Rupee? Continuing troubles with economic growth

If, indeed, the rupee does tank, this would weaken the balance sheets of many companies and push more and more of them to get even more risk-averse, and the long dreamed of investment cycle will be further delayed.

 Rupee, Rupee at all time low, economic growth, Rupee to dollar, india economy News

Time for a big bang: Rupee needs to be made convertible on capital account

RBI, of course, has been steadily buying dollars—its reserves have risen by over $1 billion for seven straight weeks—no doubt aware that a stronger rupee would be disastrous for both the export sector, and local manufactu

Dr Rajan, who had just come in as RBI Governor, launched his rescue effort, which helped the rupee recover to 58 in about a year. News

AAP has arrived: Delhi govt has been delivering the goods over last 5 years

Its approach to governance is systematic, which means changes are likely to be sustainable.

aap, aam admi party News

Weak Rupee: Will it boost exports?

Indeed, the sudden outflow of about $2 bn in August did push the rupee quickly through 70 to 72+, but it has recovered since then, despite continuing FPI selling in the equity markets.

It does seem that India’s government yield of 6-6.5% could continue to draw investment interest, despite the fumbling economy and nervous rupee News

Jalan panel’s recommendations represent a possible silver lining

Given that the global growth environment is also turning more difficult, the government needs to wake up and build on its lone expert-driven success.

Jalan Committee, RBI, India economic growth, india fiscal deficit target, india GDP, Modi government economy, india policy frameworks, GST reforms, GDP growth fall News

To generate growth with equity, the driving principal should be to make labour-earned income tax free

To regenerate growth with equity, the driving principle should be to make labour-earned income tax-free; only money earned from money should be taxable.

Opinion News

Can Mumbai be the next international centre like Istanbul?

Today, Istanbul is an amazing place, a wonderful blend of khandani and hip, reflected in the extraordinary traditional architecture sitting side by side with very sophisticated contemporary art; in sync, the people live a sen

Mumbai, international centre, Istanbul, financial express, financiale xpress opinion, turkey,  News

Budget 2019: Sovereign borrowing plan and its likely impact on local FX and interest rate market

Budget 2019: A prudent, if a bit aggressive, first-time borrower in foreign exchange would likely try and raise about 15-20% of its requirement in the global market

Budget 2019, budget, startups,budget highlights, budget 2019 date, budget 2019 PDF, budget 2019 highlights, budget 2019 income tax, budget highlights 2019 india News

How this model can significantly reduce risk of companies by identifying rupee’s behaviour in advance

On balance, the model produces significant savings in cost with contained risk; importantly, it can also enable companies to increase their tenor of risk identification

Digging deeper into the averages, we found that on a 6-month basis, the ` fell less than the premium (including appreciating significantly many times) as often as 58% of the time News

Modi must eliminate polarisation to make India truly great

Modi can focus his attention on turning India into a truly great country. And the first thing that he needs to do is to eliminate the polarisation.

pm modi, pm narendra modi, narendra modi, iftaar News

India needs fresh political blood, seeing small amounts of it already

There is a need for fresh political blood, and the good news is that we are seeing small amounts of it already.

India needs fresh political blood, seeing small amounts of it already

Patriotism will always trump nationalism

In the end, nationalism will always fail both because it is antithetical to the human spirit and also because, being inward-looking and exclusive, it leads to poor—and, sometimes, disastrous—economic outcomes.

Opinion News

What will the rupee do now

After every sharp decline, there is a reaction; and, after the reaction runs its course, the rupee continues back down—usually below the previous all-time low but, at the very least, back to that level.

What will the rupee do now News

Socialism is coming to America! Little doubt that tax rates on wealthy in US are going to rise

Clearly, socialism is coming to America even though an extraordinary number of people in the US (and, to be sure, other countries) are extremely touchy about the word

Socialism is coming to America! Little doubt that tax rates on wealthy in US are going to rise News

Artificially low inflation has hurt farmers, solution lies in balancing consumer-farmer interests

One of them was the most beautiful woman I had ever seen in my life.

Opinion News

Remembering Meera Sanyal: Never stop dancing, never give up

She taught us that we have to stand up and ‘demand’ quality candidates from every political party

Opinion News

Rupee vs Dollar in 2019: Volatility to remain high, will increase going forward

From a technical standpoint, too, it appears that volatility will remain high and/or increase going forward.

Opinion News

The billion-dollar question on rupee: Is it going back to 69?

It is now necessary to monitor kurtosis to assess whether there may be a threat of another rupee dive some time over the next six months

Opinion News

Gender equality is an idea whose time has come: Jamal Mecklai, CEO, Mecklai Financial

The real reason #MeToo has caught fire now is because the global political landscape is increasingly barren and is crying out for change.

Opinion News

Is the Rupee’s sudden steadiness real?

Brace for continued volatility. Exporters should reduce their tenor of risk identification

Opinion News
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