Several analysts have been arguing for a rate hike by RBI, if need be, as a mid-term policy measure as a classic interest-rate defence. Given
Category: Economy
Policy solutions to India’s balance of payment crisis – The Financial Express
Despite the interest rate hike, the interventions could lead to capital flight, triggering a panic reaction among foreign investors. Burgeoning crude oil prices have raised
Govt plans hike in gold import duty to check rising CAD – The Hindu BusinessLine
The government is set to hike the import duty on gold to 12-13 per cent from 10 per cent to control the widening current account
NPA saga – where do we go from here? – The Hindu BusinessLine
For effective change, the Board for Financial Supervision should be recast, providing it statutory status akin to the MPC As the high-decibel slug-fest over the
Lowering inflation is a major structural reform in India: IMF official – The Hindu BusinessLine
One major structural reform the Indian economy has witnessed over the last few years is lower inflation. For an economy where “higher than optimum level”
REER as rupee’s fair value signal is hazy | Business Standard Column
During the brief respite from the sharply rising volatility in most emerging market (EM) exchange rates (including the rupee), key policy decisions on exchange rate
Floating NRI bond: A worthwhile idea whose time may not have come yet | Business Standard News
The first intervention of the government in steadying the rupee has been by announcing measures on ECBs, FPI and Masala bonds. Clearly the focus is on looking at enhancing
Rupee depreciation: Economists say governments steps will lift sentiment – The Economic Times
Economists feel the government measure to address the current account deficit and rupee depreciation may improve sentiment and were just the limited response that was needed, but
Government moves to arrest Re depreciation to have limited impact: Report – The Economic Times
The Japanese firm said it expects more measures going forward. The government’s rupee depreciation arresting measures announced Friday may not drive fund inflows and are a negative
Bimal Jalan: Along with ECB tweaking, ensure steps to prevent flight of capital and BoP situation: Bimal Jalan – The Economic Times
Highlights The government is sending out a signal that we will manage it. I am hoping much of it works and the rupee starts appreciating
Housing Development Finance Corporation: Keki Mistry on what more govt could do to stench rupee fall
Well, I guess, it is a case of global factors being extremely negative from our perspective. Oil prices being where they are, US economy being
Banks merger a progressive step: Ficci – The Economic Times
Industry body Ficci Monday termed the government’s decision to merge three state-owned banks as a progressive move, noting that it signifies the government’s commitment to strengthen the
Global factors to be blamed for rupee depreciation, says Finance Minister Arun Jaitley – The Financial Express
Finance Minister Arun Jaitley Monday blamed the depreciation of rupee to a combination of global factors, including trade war and internal policy decisions of the United States.
Return of the financial crash? – The Financial Express
As it was the tenth anniversary of the collapse of Lehman Brothers, the talk in town has been of a recurrence of that nightmare. As
Raghuram Rajan’s AQR for PSBs wasn’t a pragmatic move – The Financial Express
Banking dynamics were changing during Rajan’s Governorship, so were policies of regulator. The Note reads like a list of reaction function, not a research-based, policy-driven
Modi government’s big target: Whopping 14% rise in direct tax collections to Rs 11.5 lakh crore in FY19 – The Financial Express
Modi government’s big target: Whopping Rs 11.5 lakh crore direct tax collections in FY19 CBDT Chairman Sushil Chandra Monday expressed confidence in exceeding Rs 11.5
Corruption costs $2.6 trillion or 5 per cent of global GDP, says UN chief Antonio Guterres – The Financial Express
The cost of corruption is at least USD 2.6 trillion, or five per cent of the global GDP, UN Secretary-General Antonio Guterres has said and
Merger of banks: This is the best combination possible, says Vijaya Bank MD | Business Standard News
Vijaya Bank’s Managing Director and Chief Executive Officer R A Sankara Narayanan Bengaluru-based Vijaya Bank’s Managing Director and Chief Executive Officer R A Sankara Narayanan said these
The fair value of rupee | Business Standard Column
While the recent fall of the rupee against the dollar has raised concerns, the moot point here is — has the rupee really fallen. Leave aside the dollar, which
Rupee resumes fall as govt measures fail to click – The Hindu BusinessLine
It was a volatile week for the Indian rupee. The currency tumbled to a new record low of 72.91 on Wednesday, and recovered sharply from
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