Latha Venkatesh
Read biographyLatha Venkatesh is the Banking and Commodities Editor at CNBC TV-18. As a key anchor with the channel, Latha is a keen observer of the monetary policy space. She has kept close watch on the Reserve Bank of India’s policy formulations and developments in the banking industry. She also tracks money market and macroeconomic trends
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Cobrapost: There is no fear of the law at all
In a country where the highest law official lies to the Supreme Court at the behest of the highest decision maker in the country, it is unlikely that any body will be brought to book for the money laundering the banks indulge in.
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RBI will grant FM a rate cut but not without regret
The Reserve Bank will announce its credit policy in a matter of hours. Ninety percent of the market is expecting the governor will cut the repo rate by at least 25 basis points, according to a CNBC TV18 poll. The same poll saw 30% of the respondents saying "yes" for #PolicyWatch #Rate cut #RBI
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No case for a rate cut, but Mint St could still do one
To be in the RBI Governor's shoes these days is no pleasure. He is damned if he cuts, damned if he doesn't. And yet, on the eve of yet another monetary policy, a weighing of options may clarify things a bit for us. I had an interesting Indianomics session on CNBC-TV18 #fiscal deficit #Monetary policy #PolicyWatch #RBI #Repo rates
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CRR: The proxy war between FM and RBI
The ongoing debate over the status of the CRR (cash reserve ratio) may well be the latest avatar of the age-old war between the RBI and the finance ministry. Here’s how. The CRR is a percentage of their deposits that banks have to keep idle and not lend. It is obviously #Cash reserve ratio #finance ministry #NewsTracker #Reserve Bank of India
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Withholding tax cut: Pranab has chosen to favour big biz
The finance minister's concluding budget speech slipped in an innocuous, but far-reaching, proposal of cutting the withholding tax to 5 percent from 20 percent. The withholding tax is paid by a foreign bank or lender to the Indian government on the profits it makes by lending to an Indian company. Such #Budget 2012 #Current account #Debt #Gaar #HowThisWorks #Pranad Mukherjee #Withholding Tax
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Budget 2012: Do we need a 1990s crisis to shock us into reforms?
The budget has got a near unanimous thumbs down from economists and analysts but very few have indicated what the finance minister could have done differently. No, I am not seeking to hold a brief for the ace politician. All I am saying is that while we overtly worry over #Budget Analysis #Budget2012 #fiscal deficit #Public finance #Union Budget 2012-13
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Has Subbarao put out the welcome mat to inflation?
The widely welcomed decision of the Reserve Bank of India (RBI) to cut banks' cash reserve ratio (CRR) is shocking. For two reasons: one, because manufacturing inflation is still rising at an unacceptable pace, and, two, because the RBI has all along maintained that CRR is a monetary policy instrument #Inflation #Monetary policy #Money supply #Subbarao
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Wanted: An interventionist RBI
The sharp fall in the rupee in the last four months and especially in the last four weeks has brought back the debate on the RBI's role in exchange rate management. Almost since the Jalan era the RBI has repeatedly said it doesn't try to target any level for the rupee, #Exchange rate #forexreserves #Inflation #RBI #Rupee #TheLongView
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Time to stop the chorus against RBI rate hikes
The chorus of voices against a rate hike is getting far too loud. And it is dangerous both for the cause of reining in high inflation, and guaranteeing the independence of the Reserve Bank of India (RBI). A few days back, the Department for Industrial Promotion and Policy (DIPP) in the #finance ministry #Inflation #MoneyTalk #Rate hike #RBI
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Do the Subbarao-Gokarn duo know something we don’t?
A few days after the credit policy was announced last Tuesday, the market is still scratching its head over what pushed the otherwise dovish Duvvuri Subbarao-Subir Gokarn combine to push interest rates up by 50 basis points (100 basis points make 1 percent). The RBI governor and deputy governor had gone with a #credit policy #PolicyWatch #RBI #Subbarao #Subir Gokarn