India’s International Trade – Analyzing FY19 Performance

Indian merchandise exports recorded growth of 9.1% for the year 2018-19, the highest in last seven years as per the provisional data released on Monday. However, trade deficit also increased as a result of nearly same growth in imports. While trade data is announced every month and month-on-month data shows considerable fluctuation, it is important … Continue reading India’s International Trade – Analyzing FY19 Performance
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Weekly Round Up – Week 15

It was an interesting week with several development on corporate front such as twists in the merger tale between Lakshmi Vilas Bank (LVB) and Indiabulls Housing finance, Supreme Court’s intervention in Essar Steel insolvency case and developments in Jet Airways’ saga. But most importantly, UK got relief with EU extending the deadline for Brexit by over six months. Continue reading Weekly Round Up – Week 15

Monetary Policy – Has it entered an “accommodative” phase??

The monetary policy committee’s decision to cut repo rate by 25 basis points was almost a certainty and did not come as a surprise. With inflation remaining subdued for quite some time now and growth not witnessing a pick-up, this was the most appropriate course possible. Even though the committee did not change its stance from “Neutral”, two successive rate cuts makes it more like an “accommodative” stance. Rate cut has been effected despite the fact that CPI inflation has rose to 2.6% in Feb’19 from 2.1% in Jan’19 reflects the confidence of committee is a benign inflation going forward. Barring an external shock in the form of crude price rise or food price rise, the committee seems on course for a few more rate cuts. Here is a look at the details. Continue reading Monetary Policy – Has it entered an “accommodative” phase??

RBI’s 12th Feb Circular – Understanding the Supreme Court’s Ruling

In an important ruling, the Supreme Court has quashed RBI’s circular dealing with loan default and initiation of insolvency process. The ruling has received widespread attention as it deals with a very important and complex issue related to running of businesses. It has come as a big relief not just to specific sectors but to … Continue reading RBI’s 12th Feb Circular – Understanding the Supreme Court’s Ruling
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