It had been an interesting year for Corporate India. Sectors which saw maximum action were Telecom, Oil & Gas and Cement. The year also saw a number of sell-offs, largely to tide over the cash flow crisis. A look at some of the highlights: Tata – Mistry tussle – In an unprecedented move, Tata Sons … Continue reading 2016, The Year That Was – Corporate & Industry..
The year 2016 was marked by a large number of far reaching policy decisions related to Business & Economy. The government suddenly seemed to have shifted gears and announced/implemented a series of policy decisions. Some of the key decisions/initiatives are: GST – Passage of constitutional amendment bill related to Goods & Services Tax by Rajya Sabha was … Continue reading 2016, The Year That Was – Economy & Policy..
The announcement on buyout of Gujarat State Petrochemical Corporation’s (GSPC) assets in K-G basin block by ONGC earlier this week puts an end to GSPC’s audacious attempt to establish itself as an important gas producer. GSPC struggled for more than half a decade to extract gas from the field after a high profile announcement on … Continue reading Understanding ONGC – GSPC Gas Block Deal.
Even though the 50 day period for surrendering old notes after the demonetisation nears its end, the life of common man continues to get affected considerably. Curbs imposed on cash withdrawals on account of scarcity of new notes remains and doesn’t look likely to get lifted to anytime soon. Other than the inconvenience, there are large number … Continue reading Demonetisation – Success or Failure..??
The decision to raise the limit for issue of bonds under MSS (Market Stabilization Scheme) is a prudent move and brings this innovative scheme in focus again. The arrangement also shifts the burden of holding cash from the Banks and RBI on to the government and would help stabilise the money market. A look at the scheme … Continue reading Demonetisation – Absorbing the Excess Liquidity…
Zimbabwe witnessed unprecedented increase in prices during 2007-09 which could be reined-in only after abandonment of its currency. Like in all earlier episodes, this bout of hyperinflation, was also caused by sharp rise in money supply due to reckless printing of money to finance government deficit. Currency notes issued during this time ranged from Z$ 1 … Continue reading Understanding Hyperinflation – Economy of Zimbabwe..