Dr Raghuram Rajan, who demitted office on Saturday leaves behind a rich legacy apart from the huge popularity he enjoyed. Even though he may be remembered as an inflation fighter – something for which he also received maximum flak – his contribution lies equally in financial sector reforms that he pushed through in most of the areas. … Continue reading The Legacy of Raghuram Rajan..
Declaration of results for June’16 quarter by Indian Oil (IOC) and Bharat Petroleum (BPCL) earlier this week completed the results season for the sector. The sector had a good run with 21% increase in profits even though sales came down marginally by 2% as per the standalone financials of listed companies. Aggregate revenue for the … Continue reading Results Analysis – Petroleum Refining sector..
The GDP for Q1’17 has recorded growth of 7.1%, sharply lower than 7.9% recorded in Q4’16, as per the data released by Central Statistics Office (CSO) on Wednesday. However, in terms of Gross value added (GVA), growth rate at 7.3% is only marginally lower than 7.4% of Q4’16. Further, GVA for manufacturing, financial services group & public … Continue reading Demystifying GDP Growth..