From the economy and policymakers’ perspective, a parameter worth considering other than employment per unit of capital is value being added per unit of capital by different sectors. And the result on the second count is quite unusual as the survey shows a negative correlation between capital employed and GVA (gross value added) per unit of capital. … Continue reading Survey of Indian Industries – Part II
Ministry of Statistics, Planning and Implementation (MOSPI) released its annual survey of Industries for the year 2013-14 sometime back. It is the most comprehensive and largest field based survey that covered nearly 65,000 factories out of a total of 1.87 lakh factories. Even though the data set doesn’t generate much interest in the mainstream media, it remains … Continue reading Survey of Indian Industries – The government paper.. (Part I)
- Britain wakes up to the news of ‘Brexit’ with a narrow 51.9 – 48.1% vote..! The exit, specially in the backdrop of polarized election campaign in the US, seems to indicate growing isolationism the world around, shrugging off the economic costs. Even though the Brits leave with an awareness of certain pain of departure, the pain could be more severe and last longer than being assumed. Markets across the world including India react with shock. Pound falls by more than 10% before recovering partially. British Prime Minister, a supporter of staying-in, says he would not be the right person to lead the country through this transition and would step down by October. The unsettling questions now is – Can this trigger further exits within EU. (More on this – https://indiaeconomyandbusiness.com/2016/06/22/brexit/)
The government has cleared the proposal for another round of spectrum auction for telecom sector. While the last round fetched about Rs 1.1 lakh crore, this round is much bigger, expected to fetch more than Rs five lakh crore. The entire discussion around spectrum, its use, cost etc are rather complicated questions. A brief attempt to simplify the same.. … Continue reading Telecom Spectrum Auction – What do we know..?!
Imagine a country called “United States of Europe”..! Imagine all the EU (European Union) countries gradually letting go of their task of governing themselves in favour of a centralized body, to be called Central Government currently the EU Parliament. And… Can we imagine Britain being a part of such a country..?? This is crux of … Continue reading Brexit… To leave or not to leave..!
- Inflation figures for May’16 released. CPI based inflation rose to 5.76%, second consecutive month of increase after witnessing moderation till March’16 primarily due to increasing food prices. Similarly, WPI based inflation also rose to 0.79%, second month of increase after remaining in the negative zone for more than a year. It may be noted that RBI kept its policy rates constant last week due to fear of rising inflation.
The Union Cabinet today approved the much awaited Civil Aviation Policy, the first comprehensive policy for aviation since Independence..! The policy seeks to take aviation to the next level of the pyramid (if not to the bottom.!), to tap potential provided by smaller towns in overall economic development. The policy thrust is loosely comparable to … Continue reading Civil Aviation Policy – A brief…
Tata Power’s acquisition of renewable energy assets of Welspun group appears an ambitious attempt to change the landscape of renewables. While company’s hope may ride high on this deal, hopefully, this doesn’t go through the same uncertainties like Mundra. The acquisition comes exactly ten years after its previous high profile move of bidding and winning the Ultra … Continue reading Tata Power's acquisition – How good is the deal..??
RBI has come out with yet another set of guidelines to fight stressed Assets, the third in last about two and half years. While the guidelines reflect RBI’s intense deliberation and hard work – based on the experience of SDR, it is to seen whether it really brings some relief to parties concerned or ends up … Continue reading Restructuring SDR…!
India has nearly 24,000 mw of natural gas based power plants. Till about a year back, about 14,000 mw of them were lying completely idle whereas the remaining 10,000 mw were running at an average PLF (capacity utilization) of 30-40% due to high price of gas. (My Second in the series on Power sector … Continue reading Gas Pricing – Another Power Sector achievement..