The warning being issued by many respected economists to governments across the world has been as follows: do not declare victory too soon since the path ahead is a very long one.
The RBI's assessment of the economy, presented as a prelude to the policy announcement, was relatively downbeat. Conceding the persistence of a hostile global environment and domestic weakness, the RBI expects GDP growth during 2009-10 to be 6 per cent. This is slightly higher than the 5.7 per cent that reflects the median of its external forecasters' survey.
Satyam has been saved. It has a credible owner after an auction in which reputed companies had bid, it has survived the last three months without much loss of business or desertion by staff, it has coped with a severe cash crunch and a national asset can now be re-built into an IT services powerhouse.
The govt's move to once again defer the enforcement of detailed nutritional information on packaged food labels is incomprehensible.
In any downturn, the turnaround comes only when investors feel asset prices have bottomed out; when consumer demand has fallen so much that it has nowhere to go but up; and when bankers feel that businesses (or those that remain) are on even keel.
Reliance Communications' third entry into the telecom business, starting with the time it was run under a different name when the Ambanis were an undivided group, has predictably got the mobile industry in a tizzy.
The Securities and Exchange Board of India's decision to subject all Nifty and Sensex companies to a peer review of their accounting statements, may not be a bad idea, if some pitfalls are avoided.
Truckers' have also demanded that different permits to carry goods to different states should be abolished.
Sunil Mittal's race up these rankings to No. 2 marks a triumph of core competence over diversification in India.
A new book delves into the mentality of suicide bombers.
Despite President Bush's attempts to talk up the 20-country emergency summit on financial markets and the world economy, it was hardly surprising that the outcome yielded little in terms of substantive solutions to a problem that goes beyond the immediate threat to global growth.
Clearly not. But to take the case of the Indian airline industry which is in the news, its fleet must be cut by a fifth but it can't do this unless it also has the right to fire workers.
Reliance's entry into the club of integrated energy majors, courtesy the start of oil production in the Krishna-Godavari basin, marks a strategic inflection point for India, as it comes some three decades after the last major find at Bombay High went into production.
Since most projects can be shifted to other states, the problem will be minimal, especially if industry can find ways to make farmers partners in their profits.
The environment for investment and business in many parts of India is far from satisfactory
The Bombay Stock Exchange's journey from being a brokers' club to becoming a professionally managed entity seems to have got derailed once again, with a spate of resignations in the past three months.
The high salary game perhaps made sense when there was an economic boom. Now as a slowdown looms, it makes sense for all companies to take a leaf out of ICICI's book and to do a reality check.
With high investment levels fuelling much of the current GDP growth, the impact of the credit squeeze is more than a matter of academic interest.
If the global economy slows down or slips into a recession due to high oil prices, that will eventually hurt all of us.
There is no doubt the oil companies are bleeding, but the issue is whether the government should also reduce the extra taxes it gets from high oil prices.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances