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Shobhana Subramanian

Articles By Shobhana Subramanian

190 Articles

Survived Covid, long recovery ahead

Services won’t recover till vaccine is fully rolled out and, within manufacturing, it is bigger firms that are doing well

GDP growth in FY21 is now estimated to grow at a slightly weaker minus 8%, from the minus 7.7% estimated earlier.

Reserve Bank continues to help the recovery

Though bond yields will harden, the central bank has done well to give banks some more time to fix their bond portfolio

RBI

Union Budget 2021: Tap household savings for budget

Union Budget 2021 India: If that is done, it will reduce the dependence upon the bond market, and the costs will also be lower for govt

Budget 2021-22, Union Budget 2021

Organised cheer, unorganised fear: Master show, pent-up demand and K-shaped recovery

India is witnessing the classic K-shaped recovery with the formal sector doing well while the informal one lags

Indeed, in the short run, the accumulated savings of high earners can support the economy.

No V-shaped recovery this: Only big firms doing well, labour participation is low, investments weak

Until the informal economy is back on its feet, we can’t call a recovery.

economy

Don’t let the Insolvency and Bankruptcy Code go the CDR way

IBC should never have been kept in abeyance for so long and, if not handled well, the pre-pack can deal it a big blow

However, since the creditors and the debtors already arrive at a concensus on initiating the pre-pack resolution, chances of frivolous litigations under the proposed framework are minimised, analysts say.

Record CaFE: R Shankar Raman- A $500-billion infrastructure opportunity in five years

We expect the curve to be upward-sloping from 2022-23 onwards, and initially, we expect an average of $50 billion annually as a realistic amount.

R Shankar Raman, director and group CFO, Larsen & Toubro

COVID-19 vaccine alone won’t cure the economy

It will help revive economic activity, but there are deep-seated issues—and Covid-induced ones—that need fixing

economy

Govt capex critical for sustainable GDP growth, disinvestment is key

Given the state of private investment and the balance sheets of states, central capex critical for sustainable GDP growth

RBI ignores inflation, sticks to growth plan

The policy seeks to reassure bond markets while hoping a good crop and fixing Covid-bottlenecks will ease inflation

RBI

No time to tighten those purse strings

Large enough swathes of the economy remain in trouble, so increased government expenditure will remain critical

https://blog.stockal.com/wall-street-takes-a-pause-looks-for-signals-from-stalled-stimulus-talks/

Allowing business houses to own banks is fraught with risk

Allowing business houses to own banks is fraught with risk; India’s supervisory system is too lax to deal with it

Full-fledged economic recovery depends on MSME space

If listed firms’ profits are up & GDP is set to fall by 8-9%, it suggests the larger segment of smaller/unlisted firms is badly hit

RBI Governor Shaktikanta Das does a Draghi, walks the talk

Governor Das shrugs aside inflation, makes money cheaper for governments, corporates and retail borrowers

The second half of this year could be as good as it was last year: RC Bhargava, chairman, Maruti Suzuki

If you look at what happens in the states, the time it takes to get approvals and clearances before you can run the operations, a lot of it still costs money.

I don’t have the exact numbers, but what is apparent is the sales of compact and entry-level cars have grown faster than the overall sales.

Still too many roadblocks in India: RC Bhargava, Chairman, Maruti Suzuki

The government realises that if you want sustainable high demand, which is required to grow manufacturing and employment, we need to make cars affordable.

Our norm is that dealers need to have one month’s stock; else, if there aren’t enough cars in the showroom, the buyer will go elsewhere.

Why Govt must spend to drive up demand

The pandemic is likely to have hurt the informal sector more acutely as it comprises smaller firms with limited economic buffers to withstand shocks. If small entrepreneurs are to risk their personal capital to go into busine

Kishore Biyani knows his onions, but he needed to be a lot more prudent with his finances

Biyani believed there was enough of a catchment for chains like Pantaloons. But, India was,and is, a country with lakhs of apparel stores and millions of kiranas, half of them makeshift stalls on the sidewalks, some spilling

Restructuring is a bad idea: Last thing we need now is systemic risk

Government should recapitalise banks to allow them to decide which firms to help, and remove the IBC-freeze

For banks, restructuring is nothing but kicking the can down the road or postponing the pain while window-dressing the balance sheet.

Govt must borrow for infra and spend to revive the economy

Without a near-term spending of Rs 4-5 lakh crore, it is going to be difficult to even reboot the economy

narendra modi, prime minister, banks, NBFC

Rural rebound some time away

Farm growth outlook is quite promising, but rural wages are likely to remain depressed, and consequently, demand too

The benefit isn’t quite mutual: Investors must accept MFs are risky products

Given less than ordinary returns for most of the decade, investors would be justified in feeling let down

The average returns from large cap schemes too have been negative for the past year, flat over two years and a positive 3.36% over three years.

‘Green shoots’ of economic recovery visible? Why it is premature to talk about it

Of course, economic activity is up, but it can fall as more cities lock down; and don’t ignore structural problems.

Right now, though the pace of recovery isn’t exciting enough to warrant any cheer.

India Inc must reform, raise capital

Without stronger balance sheets, firms will perish in this harsh environment; board, group structure reforms will attract investors.

Covid-19: For movies, OTT is rewriting the script

Theatres face a grim future in the post-Covid world; OTTs may be paying top dollar now, but producers could soon favour them

Uday Kotak tells India Inc what to do to tide over Covid crisis

Given promoters’ ability to infuse fresh capital remains limited, firms must raise money from institutions and do so well before their very survival is at stake, Kotak says.

The CII chief says India Inc must shun excessive obsession with short-term growth pangs and look at raising capital to tide over the pandemic and reap medium-term gains.
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