The agreement between India and UAE to facilitate filling of crude oil strategic reserve is diplomatic coup of sorts, for India as it gets a commodity so precious to the nation and so much in abundance with UAE. The agreement goes a long way in building India’s strategic reserves in a cost effective manner since there … Continue reading Towards Energy Security – India's Strategic Oil Reserve…
Contrary to perception of widespread unemployment, the annual survey conducted by ministry of labour shows that only 5% of the workforce faced ‘chronic employment’ during the year 2015. However, that is only a part of the picture as another 35% of the workforce got employment for 6-11 months only. The survey covers more than 7.8 lakh … Continue reading Status of Employment in India…
The swearing-in speech of Donald Trump and his initial decisions put a big question mark on the future of cooperation in the world economy. The talks on protecting US jobs, factories, imports tax, exports incentives etc has the potential to erode the gains of several decades which provided significantly higher growth rate and improved productivity. … Continue reading End of Globalisation..???
The cabinet approval for listing of five general insurance company is a smart move which would not only mop up some money for the government but also pave the way for listing of LIC, the insurance behemoth. Further, this would bring about greater transparency and visibility to their operations. Despite having total investments of nearly Rs 27 lakh crore, almost one-fourth the size of entire banking industry, sector’s financial details receives very low attention in the mainstream media. A brief look at aggregate indicators of the sector.
Continue reading “Understanding India’s Insurance Sector..”
The write-down of almost Rs 20,000 crore by RIL for its K-G basin assets brings back the focus on K-G basin and the natural gas industry in India. The basin, which promised to go a long way in meeting country’s energy needs, has turned out to be a huge money guzzler with significant investments blocked … Continue reading Natural Gas Market in India – An Overview..
After growing at over 18% CAGR during FY08-12, bank credit growth came down sharply to 11% during FY12-16 and may fall to single digit in FY17. Although the decline is largely due to economic slowdown, a significant part is also due to shifting priorities with increase in NPAs of specific sectors. A look at the … Continue reading Banks Loan Composition – An Overview..
Data on International trade & Inflation for Dec’16 and IIP for the month of Nov were released by government agencies earlier this week. Coming in the backdrop of demonetisation and its expected adverse impact, the figures were much awaited. To the relief of the government, the economy appears to have performed well on all the three parameters. … Continue reading Trade, IIP and Inflation – Nov/Dec Performance..
As the government prepares to present the budget for 2017-18 in next few weeks, all eyes would be on whether it tries for fiscal consolidation or gets into a populist mode. One of the items facing considerable attention is outgo on subsidies which has risen sharply from little over Rs 70,000 crore in FY08 to … Continue reading Government Subsidy – Where Does the Money Go..??
Steel industry has been reeling under severe pressure due to sharp increase in imports, continued domestic capacity expansion and lately, rise in key raw material prices. While government support in the form of imposition of minimum import price (MIP) and safeguard duty has helped it, the industry is still struggling to find market for new commissioned … Continue reading Industry Analysis – Steel Industry..
Demonetisation has brought focus on currency in circulation and different types of money supply. Even though currency in circulation has come down, other forms of money supply do not show similar decrease. How is that so and what are the characteristics and significance of different types of money supply. A look at the same.. The first … Continue reading Money Supply – Understanding the Different Forms..