Economics Nobel Prize – Understanding ‘Contract Theory’..

The award of Nobel Prize to Oliver Hart and Bengt Holmstrom for economic science brings to light the concept of ‘Contract Theory’, hardly heard so far, let alone be understood..! As per the survey by the institution awarding the prize, 56% of the people did not know about ‘contract theory’. A brief attempt to understand … Continue reading Economics Nobel Prize – Understanding ‘Contract Theory’..
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Understanding Public Debt Management Agency..

Government’s notification last week to set up a public debt management cell (PDMC), to be converted into PDMA in two years, is one more step ahead in financial sector reforms. Contrary to perception, the idea had been floating around for more than a decade with a committee submitting its report in 2008. The only difference … Continue reading Understanding Public Debt Management Agency..
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How bad is Global debt overhang – IMF Report.

Global economy continues to remain under firm grip of debt as per an IMF report published earlier this week. As per the report, global non-financial debt has risen to an all time high of $152 trillion whereas Debt/ GDP ratio stands at 225%. And the culprit, it says, continues to be private sector debt in advanced … Continue reading How bad is Global debt overhang – IMF Report.
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ABG Shipyard – Boom to Doom..

The conversion of ABG Shipyard’s preference shares into equity by ICICI Bank yesterday sets the stage for takeover of company by the lenders. The fate of the company is similar to that of another private sector ship building company Bharti shipyard and of numerous other ship building companies going bust globally, especially China. It would … Continue reading ABG Shipyard – Boom to Doom..
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RBI rate cut – Is it justified.??

The MPC (Monetary Policy Committee) decision to cut rate by 25 basis points in its first ever meeting today, also the first under the new governor Dr Urjit Patel, appears not entirely convincing from inflation control perspective. Yet this would bring cheers to both corporate and retail borrowers and hopefully, the clamour for rate cut would … Continue reading RBI rate cut – Is it justified.??
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Sick PSUs – Way forward…

The initiation of discussion on closure/revival of sick PSUs over last few months has brought a chronic issue back on the agenda. The exercise has the potential to considerably reduce the drain on government funds estimated at over one lakh crore so far and unlock blocked government resources in the form of land and other valuable … Continue reading Sick PSUs – Way forward…
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Industry Analysis – Shipping Industry

Bankruptcy of Hanjin Shipping line, among the top ten shippers globally, about a month back reflects the continued stress in the shipping industry. However, Indian shipping companies appears to have turned the corner aided by continued domestic demand and an assured domestic market.

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Towards Energy Security – India's Oil Hunt..!

Cabinet’s approval to the consortium of Indian oil sector companies earlier this week to acquire stake in assets abroad highlights India’s continued need to secure reserves overseas. The stake is a small fraction of India’s total needs, yet an important step involving sizable investment of over Rs 21,000 crore. Other than the addition to India’s total oil … Continue reading Towards Energy Security – India's Oil Hunt..!
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Towards Energy Security – India’s Oil Hunt..!

Cabinet’s approval to the consortium of Indian oil sector companies earlier this week to acquire stake in assets abroad highlights India’s continued need to secure reserves overseas. The stake is a small fraction of India’s total needs, yet an important step involving sizable investment of over Rs 21,000 crore. Other than the addition to India’s total oil … Continue reading Towards Energy Security – India’s Oil Hunt..!
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The Giant Leap for India..!

The World Economic Forum’s Global Competitiveness Index (GCI) rank at No 39 is a great news for India and government’s ceaseless efforts to improve the business climate. This is the second consecutive year of improvement, incidentally, with climb of 16 ranks in both years. The ranking carries considerable significance as this is the most comprehensive index comparing … Continue reading The Giant Leap for India..!
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