Month: June 2019

Weekly Round Up – Week 26

Major events for the week are tabling of report on black money in the parliament, SEBI’s tightening of rules for mutual funds, continued trouble at DHFL, initiation of insolvency proceedings against Jet Airways and L&T set to acquire Mindtree. The quantum of black money in the economy stood in the range of 7-120% of GDP … Continue reading Weekly Round Up – Week 26
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Revisiting NBFCs (Non Banking Finance Companies)

NBFC sector has been receiving intense attention, most recently due to default by Dewan Housing finance Corporation Ltd (DHFL). The trouble which began about a year ago with the default of IL&FS has seen skeletons tumbling out of the closet. While RBI has proactively provided liquidity to the market, it has refused to bail out … Continue reading Revisiting NBFCs (Non Banking Finance Companies)
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GDP Growth – FY19 Performance Analysis

GDP growth declined for fourth successive quarter, reaching a level of 5.8% for quarter ended March’19, as per the data released by MOSPI recently. This is also the lowest quarterly growth rate in the five years of NDA-1 government. (How the government still came back to power is another story). Growth rate for the full year at 6.8% still looks more respectable. In absolute terms, GDP for the full year stands at Rs 140 lakh crore (constant price) and Rs 190 lakh crore at current price. Here is a look at the details. Continue reading GDP Growth – FY19 Performance Analysis