Raghuram Rajan speaks on the unscheduled rate cut.
We are in this mess as the machinery of the government in a market economy is broken. We need technically sound banking regulation, so that capital is not misallocated, and the landscape does not get littered with zombie firms kept alive through evergreening, says Ajay Shah.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
'The CEA suggested that could be as high as 19 per cent.'
The central bank will auction Rs 220,00 crore (Rs 220 billion) of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
'Gold could return 10% to 12% in the next two-three years.'
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
The inflow of cheap capital has also kept the rupee at a high level, making exports uncompetitive and broadening the current account deficit despite falling oil prices.
Will private firms really boost Make in India in the defence sector? Ajai Shukla seeks answers.
'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.
Move by Swiss cement major Holcim to simplify its Indian structure has not gone down well with institutional investors.
Rana Kapoor gets interim relief from Bombay HC but directors' appointment subject to final order.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
What is required from government is intellectual framework.
'You want a steady, confident, self-assured and highly skilful hand at the till. 'It is a pity that the BJP has decided to deprive itself of such a hand at this politically sensitive time.' 'It is like sacking your surgeon in the middle of your brain surgery,' says S Muralidharan.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Sectors throw up a wishlist for the Finance Minister.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Indian economy about to take-off