John Maynard Keynes had advocated fiscal stimulus as a way out of a recession. While his theory has been contested,…
Inflation, which was a major worry in the last six months, has now eased considerably and there are signs that…
The Indian stock market has fallen quite dramatically over the last three months and the analysts who conjured visions of…
The CRR and repo rate are two instruments used by the RBI to control growth in money supply. How does…
Traditionally, all banks tend to have imposing building structures because they have to give the impression of stability and reassurance…
RBI’s action of reducing the CRR in three tranches from 9% to 6.5% is a clear indication of a system…
Dr Subbarao takes over as governor of RBI at an interesting stage, when he has to cast the dice in…
Banking was a rather somnolent business until 1992 when bankers simply waited for the customers to walk up to them,…
The Chinese citadel appears to have finally developed some cracks. China is now a country that is looked at with…
This was one of the rare occasions when everybody got it wrong. Most economists and treasurers expected no change in…
All governments are concerned about their economies especially with an election around the corner. The variable which matters most is…
The report speaks of how banks have been forced to invest in government paper. This is an exaggerated claim.
The Pay Commission?s recommendations for a general increase in the pay packages of government officials needs to be welcomed for…
The commodities transaction tax (CTT) makes fiscal sense as it is being imposed on a turnover of around Rs 40…
The Budget resembles a Pareto optimal situation, where no one is worse-off while some people are better-off. And yet, after…
Slowdown sentiment can be traced to the high base year effect and our self-imposed fallacious belief that growth must always…
When it comes to inflation or growth, RBI has to toss a coin and choose one of them, and it?s…
An independent central bank could be the solution, but governments across the world prefer to have their say in monetary…
