Jamal Mecklai

Agriculture & security: India's focus areas

Turning to security, it is a crime that hundreds of Indians have been dying because our politicians have been too busy securing their own positions.

A recipe for the next finance minister

My recommended recipe is for the next government to sell its entire stake in all the public sector banks immediately upon taking office

If I were RBI governor...

Writer Jamal Mecklai muses about the state of mind of the RBI governor, post the credit policy. He gets into the mind of the governor and tries to guage his thoughts and reactions. Against all anticipation, the governor did not bow down to political pressure and the RBI rates were not hiked. He did a fine balancing acting between the two volatile factors -- market and the govt. He leaves the task of choosing between sub 5% inflation rate and 10+% growth rate to his successor.

Is the US going into a recession?

Now, economists are famous for having a wide array of views, with most of them being wrong, but it is difficult not to notice that economists working for companies that will benefit the most from -- and, in some cases, desperately need -- lower interest rates are the ones that are screaming most loudly about how terrible things are and how the US Fed needs to cut, cut, cut rates.

Will a strong Re derail 'the Big I'?

To the contrary, the strengthening rupee and, more importantly, the fact that the RBI and government decision-making are being forced to cede ground to the market will result in much more efficient (=market-determined) resource allocation in India.

Does the RBI believe in God?

The problem is that the constant and continuous activity in the market creates a moral hazard, to use a contemporarily popular term, since it leads market users to believe that the RBI will always be there to protect a particular level or range.

Market maniac: Are we there?

US Treasuries, another key indicator of market sentiment, also slipped sharply, with June 13 seeing the largest one-day fall since 2004, with the 10-year bond yield climbing above 5.25 per cent and breaking a long-term technical resistance.

You can run, but you can't hide

The raft of liberalisation measures announced in the monetary policy provided a strong signal that we are back on the path to further liberalization.

Of Guru and India's family businesses

investment bankers and family wealth managers will have more and more to celebrate in time to come

The triumph of mathematics, for now

Neglected areas in corporate affairs

Rum, soda and deregulated markets

India Inc learns to play the forex game

Education - The next great business opportunity