The Indian Meteorological Department (IMD) in its 16 April forecast of the 2003 South-West (SW) monsoon has sent out somewhat…
Last Monday in the run up to the Credit Policy, we had underscored the problem of keeping the managed float…
Last week we talked of inflation and how the headline figure was heavily influenced by the steep rise in the…
The temptation must be considerable to pass off the rising inflation, currently at 6.2 per cent, on to crude oil…
The Report on Currency & Finance (RC&F) brought out by the Reserve Bank of India (RBI) at the end of…
All Fools? Day is perhaps a good a way of beginning the new financial year. Admission beforehand that what mortals…
In the last two columns we saw how government?s debt has mounted alarmingly since 1998, while direct tax collections grew…
Last Monday we had discussed the precipitous increase in recent years in the proportion of the combined debt liabilities of…
Last Thursday in Parliament the Union finance minister shared the compulsions that he faced. He was reported to have said:…
In mid-January 2001, wholesale price index (WPI) inflation rose to 8.8 per cent. Thereafter it fell, and quite sharply, to…
The Union Budget had plenty of detail. Some of it impacts banks, and is a good point to start. First,…
The angst on economic growth surprisingly seems to have been influenced by the official talk of 8 per cent growth.…
Like the sea ice, which breaks up into icebergs set on different courses, the Western Alliance seems to be coming…
Last week, Moody?s raised India?s foreign currency rating to Ba1 with stable outlook. The rating on domestic debt remained a…
At first glance, the fiscal performance of the central government for the first nine months (April-December 2002-03) looks good. The…
The proposal to exempt dividends from tax in the hands of the recipients, and companies from dividend distribution tax, might…
The Index of Industrial Production (IIP) for November 2002, released on January 10, was bad news. Output growth fell from…
Crude prices came off their declining trend in mid-March 2002. The proximate cause was the soon to be dispelled notion…
