Debashis Basu

All stories by Debashis Basu

What to make of this bull market?

What to make of this bull market?

Rediff.com12 Jan 2021

It is impossible for anyone to explain how markets are hitting record highs during an economic recession. It is both mysterious and surreal, notes Debashis Basu.

Why be afraid of businessmen owning banks?

Why be afraid of businessmen owning banks?

Rediff.com15 Dec 2020

Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.

Corporate-run banks: Will depositors benefit?

Corporate-run banks: Will depositors benefit?

Rediff.com2 Dec 2020

The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.

Rs 43,000 cr! That's how much banks didn't pass on to borrowers

Rs 43,000 cr! That's how much banks didn't pass on to borrowers

Rediff.com20 Nov 2020

The RBI, which has no interest or mechanism to get feedback from bank customers, is unaware of this. If made aware, it remains silent, proving that it has no problem in allowing lenders to short-change its customers, says Debashis Basu.

How about a Hammurabi Code for financial offences?

How about a Hammurabi Code for financial offences?

Rediff.com21 Oct 2020

Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.

Reforms are about implementation, not announcements

Reforms are about implementation, not announcements

Rediff.com12 Oct 2020

'The promises of netas and babus and new laws, however well-meaning, mean little.' 'What matters is implementation on the ground.' 'Every law is finally implemented by a vast army of offici

Where will multi-cap funds find small-caps to invest?

Where will multi-cap funds find small-caps to invest?

Rediff.com25 Sep 2020

And if there are so many opportunities, why haven't they invested in them, asks Debashis Basu.

The truth about India's ease of doing business claim

The truth about India's ease of doing business claim

Rediff.com15 Sep 2020

'The recalculated ranking showed India should have had a higher ranking earlier (113 in 2012 instead of 132) and lower ranking later (114 in 2018 instead of 100).' 'This would mean that there has been no change in India's climate of doing business across two regimes.' 'This is exactly consistent with the reality on the ground,' observes Debashis Basu.

Why Modi's tax charter reads like a cruel joke

Why Modi's tax charter reads like a cruel joke

Rediff.com26 Aug 2020

'Under this government, tax laws have become more draconian, and the government itself is setting stiff, unrealistic targets for tax officials, who have got more powers to harass us,' points out Debashis Basu.

How to protect investors from stockbrokers

How to protect investors from stockbrokers

Rediff.com13 Aug 2020

The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.

Why are our banks so secretive?

Why are our banks so secretive?

Rediff.com29 Jul 2020

'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.

What every investor must know about the bull run

What every investor must know about the bull run

Rediff.com16 Jul 2020

'When fund managers talk of being bullish for the long term, they assume strong economic growth.' 'That is what they have assumed every year, naively believing the pronouncements and promises of ministers.' 'Unfortunately, they have been wrong year after year,' observes Debashis Basu, editor, www.moneylife.in.

Can Indians live without Chinese imports?

Can Indians live without Chinese imports?

Rediff.com1 Jul 2020

'India imports 70 per cent of its bulk drugs from China. Are we going to live without antibiotics?' asks Debashis Basu.

Unlock 1: 3 challenges facing India

Unlock 1: 3 challenges facing India

Rediff.com2 Jun 2020

'When the lockdown grounded a billion people, nothing had been planned well: Testing, masks, face shields, protective gear, medical equipment, contact tracing ... nothing.' 'Before COVID, if you didn't know that the state had neither the money, nor the intent, nor the capacity to govern wisely and humanely, you were simply blind.' 'After COVID, if we continue to look to the State, look forward to a financial package or ask "What is the government doing" when faced with a calamity, the joke is on us, says Debashis Basu.

FDI shifting from China to India? 3 reasons why it's a joke!

FDI shifting from China to India? 3 reasons why it's a joke!

Rediff.com20 May 2020

'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.

Why Franklin-type fiascos will keep happening

Why Franklin-type fiascos will keep happening

Rediff.com5 May 2020

'MFs acted as reckless lenders and not as prudent investors.' 'Clearly, how debt funds are being run is a systemic issue,' warns Debashis Basu.

Why is the stockmarket reacting like this?

Why is the stockmarket reacting like this?

Rediff.com24 Mar 2020

'If the epidemic is sharply contained in a month or two, we have a huge buying opportunity. 'If not, we are staring at a serious economic crisis, the contours of which we are totally unaware of,' warns Debashis Basu.

Will this RBI plan boost growth? Or dent it?

Will this RBI plan boost growth? Or dent it?

Rediff.com3 Mar 2020

'The assumed linear correlation between forced lower yields, higher bank borrowing from the RBI, higher lending, and higher growth involves leaps of faith, each a step on the quicksand of false beliefs,' warns Debashis Basu.

How to fix the PMC Bank crisis

How to fix the PMC Bank crisis

Rediff.com23 Oct 2019

'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.

Does Nirmalaji know how to turn the economy around?

Does Nirmalaji know how to turn the economy around?

Rediff.com18 Oct 2019

'We can only hope that the government has finally 'got it' and will stay focused on improving productivity, demand, and governance,' says Debashis Basu.

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