While domestic economy & business witnessed subdued activity, International economy saw significant movement. Most notable of these were UK’s struggle to achieve an orderly “Brexit”, thaw in US China trade war and signs of tightening oil market. Continue reading Weekly Round Up – Week 10
Inflation is core of any discussion on economic & policy as the core objective of a welfare nation is to devise policies which help protect the poor. This also prompts economists to strive to find as precise a measure of inflation as possible. While India still follows WPI as the benchmark for aggregate price movement, … Continue reading Producer Price Index (PPI) – Is It Better Than WPI??
While the developments in the policy front was subdued with the announcement of general elections, corporate front saw a flurry of activity. Important among them were Airtel’s rights issue to raise Rs 32,000 crore, sale of natural gas pipeline by RIL and NCLT’s directive to Essar Steel promoters. On the international front, As anticipated, British … Continue reading Weekly Round Up – Week 11
While the central government’s finances, policies etc remain the focus of most of the discussions, it is essential to analyze the performance of individual states also as that acts as inputs to many policy initiatives. However, it goes largely unnoticed due to lack of credible data. To meet this need, RBI started releasing annual data … Continue reading Indian States – Analyzing Economic & Social Performance
While India’s foreign currency reserves looks reasonable at close to $400 bn, there is another side of the coin that fails to get attention. The external debt of India stands at over $500 bn and this takes the sheen away from high forex level. The comforting part is that debt/reserves ratio which had risen alarmingly … Continue reading India’s External Debt – Analyzing the Performance
RBI has been deliberating upon creating an umbrella structure to monitor and regulate co-operative banks (CBs), a long debated proposal. CBs gained lot of prominence subsequent to demonetization for being misused to turn black money into white. Even though they are much smaller in size, they play an important role in meeting the needs of … Continue reading Co-operative Banks – Understanding The Structure..
The recent changes in oil and gas exploration & production regulations, some of which envisages going back to earlier system, indicate the challenges being faced by the sector. Natural gas production seems to be even more complex because of inability to extract gas despite high initial projections. Operational challenges get compounded by policy dilemma involving … Continue reading Natural Gas Market in India – An Overview
India’s imports for April-Dec’18 period touched nearly $350 bn, an increase of 12% over previous year as per the Commerce Ministry data. This would be the second year of double digit increase in imports after stagnating/ declining for five years. India’s trade balance continues to record significant and continued deficit, largely due to imports of … Continue reading Indian Imports – Where Does the Money Go??
Major events of the week are release of GDP data for quarter ending Dec’18, change in GST tax rate for housing sector and government decision on Air India. On corporate and banking front, RBI comes out with a proposal to modify rules governing bank CEO’s salary and an important decision by NCLAT on IL&FS. Indian … Continue reading Weekly Round Up – Week 9
Core sectors recorded growth of just 1.5% for the month of Jan’19 as per the ministry of commerce data released today. While growth has come down sharply from a peak of 7.8% in June’18, it is more a result of base effect than any decline in activity. Average growth for the first ten months of … Continue reading Deciphering Core Sector Growth…