Our stock markets are soaring and Indian companies (including public sector firms) have demonstrated their ability to compete internationally and achieve sustained high growth. Inevitably, in such an environment, there is criticism about government performance and praise for the corporate sector. Some attribute the achievements over the last 15 years to the private sector's dynamism and their conclusion is that the smaller the government the better.
It is time for regulators to pool efforts to standardise valuation and risk assessment methodologies used by credit rating agencies.
Look at the GDP data from the demand side, and you get a growth of only 7 per cent.
From India's perspective, a decline in the dollar against the major currencies invariably means appreciation for the rupee.
The High-Powered Expert Committee report sounds impatient on various issues like capital account convertibility.
The reason: The consensus was that the US economy was headed for a slowdown. The global economy is unlikely to slow down significantly.
A way to create a level playing field would be to allow banks to raise external borrowings specifically for lending to SMEs.
Higher inflation might just be the necessary cost that we need to bear in making a transition to a higher growth trajectory.
One of the implications of rising interest rates that deserves more attention than it gets in the current discourse is that of deteriorating credit quality.
The principles of central banking in Asia are likely to change. Be prepared for surprises.
Is the allocation of Indian foreign currency asset management to the RBI conducive to a satisfactory rate of return?
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