Supreme Court fines petitioners for waste of Court's time…

In an important judgement, Honourable Supreme Court has imposed a fine of Rs 25 lakh each on all the three parties in a corporate case dating back to 1998. The case is about a share purchase & cooperation agreement entered into by Messer Griesham GmbH, a German Company and an Indian company called Goyal Gases Ltd and … Continue reading Supreme Court fines petitioners for waste of Court's time…

Weekly Round Up – Week 15

Events covered – Sale of UK long product plant by Tata Steel. Meanwhile, the process for sale of second package also begins. That would leave Tata Steel with only the Netherlands operations Unit, which is EBITDA  positive. Finance ministry to replace interest subvention with interest subsidy. Jewelers’ call of their strike after more than six … Continue reading Weekly Round Up – Week 15

e-NAM – A game changing initiative..!

The launch of e-NAM – the electronic platform for trading of agriculture produce and creating a unified National Agriculture Market, is probably, as revolutionary a move for farmers as was the Economic liberalisation of 1991 for the whole nation. And the fact that it has come 25 years after that path breaking exercise, speaks so … Continue reading e-NAM – A game changing initiative..!
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IIP Growth – How good are the numbers..??

The data for IIP growth for Feb’16 show a smart recovery. The IIP growth rate has improved to 2.0% against three consecutive months of decline at an average pace of -2.0%. Which means it is a reversal of nearly 4%. While most of the gain has come  from mining and Electricity, manufacturing has also showed … Continue reading IIP Growth – How good are the numbers..??
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IMF World Economic Outlook, April'16. What is new…

The IMF projects a 0.2% downward revision for the world growth in 2016, which stands at 3.2% now. Almost all the major economies have witnessed a downward revision, except China for which there is 0.2% upward revision and India where there is no change. Beyond the numbers, key points of the 230 page report (equal to … Continue reading IMF World Economic Outlook, April'16. What is new…
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Rain, Rain; Come soon…

The IMD’s (Indian Metrological Department) prediction of monsoon being 106% ± 5% of LPA has brought only cheers, but even tears of happiness on this good news for the nation, so deeply dependent on monsoon and having faced the wrath of Rain Gods for two  consecutive years with serious deficit in monsoon. So much so, … Continue reading Rain, Rain; Come soon…
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Interest Subvention vs Interest Subsidy – A far reaching reform measure…

The Finance secretary Mr Ratan Watal’s statement on the issue again re-affirm the fact that the government is firing on all cylinders and in all directions..! The proposal simply means that instead of mandating banks to give loans at lower rates to certain categories such as farmers or textiles plants under different schemes, it will … Continue reading Interest Subvention vs Interest Subsidy – A far reaching reform measure…
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Jewellers' Strike – What is at Stake…

The jewelers’ strike appears to have a comic undertone…! Its like a person refusing to disclose his wealth to the Income Tax Dept because IT Dept will, then, harass him..!  And I am sure the family members of the striking owners would be a happy lot since the jewelers are now finally tending to their household duties..! … Continue reading Jewellers' Strike – What is at Stake…
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RBI Policy – The Rationale…

The much anticipated rate cut did happen, apart from some other far reaching announcements. It may be worthwhile to understand the reasoning… Inflation has moved along the expected lines. While there are risks to the projection arising out of  unseasonal and uncertain rains, impact of 7th pay commission on demand and consequently on prices, there … Continue reading RBI Policy – The Rationale…
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