Nationalization of 14 banks fifty years ago has been termed as the most defining economic event by RBI; even bigger than the reforms of 1991. The event, although, had political developments of that time as trigger, did lead to complete re-orientation of Indian Banking. Here is a look at the background and the changes that the decision achieved. Continue reading Revising History – Banks’ Nationalization
Covid- 19 is having another side effect in the form of sharp slump in crude oil demand. The demand crash and lack of timely cut in production has created a situation never seen before – WTI Oil futures turning negative! While the market players have come to an agreement to cut production, prices are down … Continue reading Understanding the Dynamics of Crude Oil Market
Sale of 9.99% stake in Jio Platforms to Facebook is a masterstroke by RIL to monetize its investments and efforts of years. While RIL has a lot to gain from the deal, Facebook’s rationale for the same doesn’t look very clear except the fact that it has lot of surplus funds to deploy. If it … Continue reading RIL – FB Deal Analysis
While the nation grapples with Covid-19 and its economic impact, a figure released last month shows that India is possibly on the cusp of an industrial revival. Industrial investment proposals filed by companies during April-Dec’19 reached its best in last ten years. While Covid-19 could derail several of these, the pandemic also opens up an … Continue reading Industrial Investment Proposals – Was India close to an Industrial Revival?!
The unprecedented and rapid spread of novel coronavirus has brought all major economies of the world on its knees. The crisis is possibly the worst humanity has seen since the World War II. Here is a look at some of the sectors across the world facing the worst of the crisis. The industry worst … Continue reading Covid-19 – Tracking the Global Impact
The lockdown to fight Covid-19 is having an unprecedented impact on the GDP, possibly not seen since independence. Yet, the economic impact is no match to its potential impact on the lives of the people. This is best illustrated by the situation in US which tried to keep its economy rolling, only to find itself … Continue reading Covid-19 – Estimating the Impact on GDP