Major events of the week were Changes in rules governing Oil & Gas exploration, fund infusion by the government in Public sector banks and Relaxation in Angel Tax in economy and policy space. Reliance ADAG group companies and Jet Airways remain in the news in Corporate space, albeit, for all the wrong reasons. Continue reading Weekly Round Up – Week 8
RBI has been deliberating upon creating an umbrella structure to monitor and regulate co-operative banks (CBs), a long debated proposal. CBs gained lot of prominence subsequent to demonetization for being misused to turn black money into white. Even though they are much smaller in size, they play an important role in meeting the needs of … Continue reading Co-operative Banks – Understanding The Structure..
The recent changes in oil and gas exploration & production regulations, some of which envisages going back to earlier system, indicate the challenges being faced by the sector. Natural gas production seems to be even more complex because of inability to extract gas despite high initial projections. Operational challenges get compounded by policy dilemma involving … Continue reading Natural Gas Market in India – An Overview
India’s imports for April-Dec’18 period touched nearly $350 bn, an increase of 12% over previous year as per the Commerce Ministry data. This would be the second year of double digit increase in imports after stagnating/ declining for five years. India’s trade balance continues to record significant and continued deficit, largely due to imports of … Continue reading Indian Imports – Where Does the Money Go??
Major events of the week are release of GDP data for quarter ending Dec’18, change in GST tax rate for housing sector and government decision on Air India. On corporate and banking front, RBI comes out with a proposal to modify rules governing bank CEO’s salary and an important decision by NCLAT on IL&FS. Indian … Continue reading Weekly Round Up – Week 9
Core sectors recorded growth of just 1.5% for the month of Jan’19 as per the ministry of commerce data released today. While growth has come down sharply from a peak of 7.8% in June’18, it is more a result of base effect than any decline in activity. Average growth for the first ten months of … Continue reading Deciphering Core Sector Growth…
The ‘non-military preemptive’ action carried out by India yesterday is the culmination of long advocated line of action to eliminate the menace of terrorism. Other than these, a measure proposed on the economic front is to stop supply of India’s share of water from the Indus river system. Whether that can be done and what … Continue reading Understanding Indus Water Treaty…
Sale of pledged shares of certain corporate groups by the lenders has once again brought share pledging into focus. The practice had generated lot of controversy over a decade ago during Satyam scam, leading to changes in the regulations governing it. While lender cannot be blamed for the sale, developments leading to the sale and … Continue reading Shares Pledging – Understanding The Risks
After the creation of single market for manufacturing and services through GST, for agriculture through E-NAM (still, work-in-progress), it is the turn of electricity market. CERC (Central Electricity Regulatory Commission) released a draft proposal last month whereby buyers and sellers would move from current bilateral Power Purchase Agreement (PPA) to a single electronic platform. The … Continue reading Towards Efficient Electricity Market (Part III)
Solar power in India received a setback with the cancellation of a tender for installation of up to 5,000 mw of solar power plant recently. Lack of interest in the tender is being attributed to inadequate financial incentive and sharp drop in price being quoted which do not appear sustainable. While, this may mean some … Continue reading Solar Power In India – An Overview