The bottom line is that a change in the RBI's monetary stance by cutting rates is imminent. The choice is only one of timing. Recent global developments reinforce the signals from emerging domestic patterns, tilting the case of a rate cut now rather than later.
The banking regulator was uncomfortable with the runaway pace at which consumer credit was growing.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
Many have questioned the wisdom of Bernanke's efforts to bail out the financial system as it teetered last year, and his decision to flood markets with newly printed money this year.
Economists warn of the impact that a Fed rate rise could have on emerging economies.
When he didn't respond (Mr Saver has lost count of how many relationship managers he has had in the past few years!), the gentleman landed up at his doorstep and started pleading with him to open fixed deposits with the bank, observes Tamal Bandyopadhyay.
'The Fed rate will peak in the range of 5.1-5.3 per cent during the second quarter of CY23 and will most likely stay there for a while before rate cuts start in CY24.'
Top gainers in the Sensex pack included Tata Steel, Kotak Bank, NTPC, HDFC twins, PowerGrid and ONGC, rising up to 4.60 per cent.
Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation.
Import in the first nine months of the current calendar year fell 20 per cent to 525 tonnes from 658 tonnes in the year-ago period.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Moody's has a 'Baa3' rating for India, with a positive outlook.
"I probably wouldn't do much," Buffett said when asked what he would do if he ran the Fed.
This form of government, where secrets and major decisions are kept from the Cabinet itself, appears to be continuing, which is why the speculation around this special session, asserts Aakar Patel.
President Donald Trump has tapped Jerome "Jay" Powell to lead the US central bank, bypassing Janet Yellen for a second term despite praising her excellent management of the world's largest economy over the past four years.
The drones were destroyed using electronic warfare measures and caused no casualties or damage, the press service added.
'RBI was focusing on public sector banks perhaps thinking that private sector banks are managed efficiently while PSU banks are not.' 'Now, RBI has to focus on private sector banks too.'
Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.
'Markets are factoring in a good show by India Inc in Q2.'
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
'Invest a part of your portfolio in a global currency that can't be printed, or meddled with -- gold,' suggests Chirag Mehta.
Reserve Bank Governor Shaktikanta Das on Wednesday said underlying economic activity in India continues to be strong, but external factors will cause some "dent" to the economy. Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the RBI tracks 70 fast moving indicators and most of them are in the "green box". It is the external sector, mired by a fear of recession or clear visibility about slowing growth in a large part of the world, where the challenges lie, he said, adding that the impact of external demand will "dent" the economy.
World No 1 Novak Djokovic beat Roger Federer 6-4, 5-7, 6-4, 6-4 to win the US Open title at the Flushing Meadows in New York on Sunday.
Echoing the position articulated by Prime Minister Manmohan Singh, China and Russia on Thursday warned that imminent withdrawal of fiscal stimulus by the US could have an adverse impact on the global economy and cautioned the Obama administration against it.
'I don't see any major setback for the Indian markets post the US Fed event.'
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
'If he has been able to overcome this major obstacle (withdrawal of POCSO after the complainant and victim withdrew the charge) I don't think he has anything to worry about now.' 'Cancellation of POCSO is akin to giving him a lifeline.'
Select the exact category by matching your investment horizon to the portfolio duration, suggests Sanjay Kumar Singh.
'Three external members of the first MPC are respected researchers with excellent academic background, but there is no harm in considering academicians with diverse backgrounds such as finance and labour along with economists for this body,' recommends Tamal Bandyopadhyay.
The Biden administration has proposed a massive hike in immigration fees, including the much sought-after H-1B visas for high-skilled foreign workers, which is very popular among Indian tech professionals. Under the proposed rule, published by the US Citizenship and Immigration Services (USCIS) on Wednesday, the application for the H-1B visa increases from $460 to $780, and L-1 from $460 to $1,385. The application fee for O-1 visas has been proposed to increase from $460 to $1,055.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
India needs to move towards full capital account convertibility to become a leading global economy.
'Investors should keep them on their radar and invest over a longer time frame, and expect some of these companies to bite the dust.'
The conference was seen by many as a show of strength by the Opposition with Tamil Nadu Chief Minister M K Stalin, Rajasthan Chief Minister Ashok Gehlot, his Jharkhand counterpart Hemant Soren and Bihar Deputy Chief Minister Tejashwi Yadav joining in to raise their voice against oppression of backward classes.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
'A soft landing of the Indian economy would be a long-term positive for the equity markets.'
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
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