Revisiting NBFCs (Non Banking Finance Companies)

NBFC sector has been receiving intense attention, most recently due to default by Dewan Housing finance Corporation Ltd (DHFL). The trouble which began about a year ago with the default of IL&FS has seen skeletons tumbling out of the closet. While RBI has proactively provided liquidity to the market, it has refused to bail out … Continue reading Revisiting NBFCs (Non Banking Finance Companies)
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GDP Growth – FY19 Performance Analysis

GDP growth declined for fourth successive quarter, reaching a level of 5.8% for quarter ended March’19, as per the data released by MOSPI recently. This is also the lowest quarterly growth rate in the five years of NDA-1 government. (How the government still came back to power is another story). Growth rate for the full year at 6.8% still looks more respectable. In absolute terms, GDP for the full year stands at Rs 140 lakh crore (constant price) and Rs 190 lakh crore at current price. Here is a look at the details. Continue reading GDP Growth – FY19 Performance Analysis

Modi’s Comeback! – The Economic Rationale…

NDA coalition led by Prime Minister Narendra Modi has made an emphatic comeback after a bitterly fought and a vitriolic campaign! Despite the distress in rural economy, joblessness and disruptions caused due to various measures taken during the last five years, the nation has put back its faith in the government. So, how has Modi did it?? What has clicked with the masses? Here is a look at the economic rationale for the victory. Continue reading Modi’s Comeback! – The Economic Rationale…

Tata Steel – Understanding the Strategy Realignment

The decision to call-off the joint venture with ThyssenKrupp is quite a setback for Tata Steel trying to reduce its global exposure. Yet, it is an interesting phase for the company with series of developments reflecting the strategy shift. The focus is shifting back to domestic production in contrasts with the global expansion undertaken during … Continue reading Tata Steel – Understanding the Strategy Realignment
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Index of Industrial Production (IIP) – FY19 Performance Analysis

Index of Industrial Production (IIP) recorded growth of 3.6% for the year ended March’19 as per the data released by MOSPI last week. The growth is markedly lower than average growth of 4.5% in the last two years. More worryingly, the performance for the last quarter has sharply come down to 0.5% from over 5% … Continue reading Index of Industrial Production (IIP) – FY19 Performance Analysis
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Least Developed Countries (LDCs) – An Overview..

Development of Least Developed Countries (LDCs) and bringing them out of poverty remains a grave challenge for global agencies. Despite serious efforts being made to kick start their economies, the pace of progress remains insufficient. Even though social strife has affected growth in some of these countries, there are several others which are lagging purely … Continue reading Least Developed Countries (LDCs) – An Overview..
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Shell Companies – The Menace and The Modus Operandi

In its second attack on shell companies, government struck-off about 100,000 of them from the Ministry of Corporate Affairs (MCA) register during FY19. In FY18, it had de-registered over 2.25 lakh such companies and disqualified over 3 lakh directors. Over 1.2 lakh of them are further facing scrutiny and may be removed during this year. … Continue reading Shell Companies – The Menace and The Modus Operandi
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