Articles by Madan Sabnavis
Dec 07, 2017
RBI holds rate at 6%: Policy a firm statement of independence by MPC; growth is for govt to take care ofThe RBI will not budge on interest rates as inflation threat looms. The statement seems to be clear on this.
Nov 30, 2017
GDP at 6.3% in Jul-Sep quarter: Economy shows good signs but growth remains tricky with muted private investmentsPresently the government is the only source of investment and in case there is any cut invoked, can affect the future GDP growth scenario
Nov 07, 2017
Has demonetisation achieved any fiscal gains for economy? Jury is still out on thatThe answers are at best fuzzy on the four main objectives of demonetisation, three primary ones (black money, counterfeit and error funding) and one an afterthought (digitization).
Oct 25, 2017
Bank recapitalisation, infra push, SME boost good news for economy but may not revive private investmentIt is not surprising that the government has come out with its perspective on the state of the economy and the way ahead at a time when there is a substantial debate on how the country is placed.
Sep 26, 2017
Saubhagya scheme: Electricity to all households a positive move, but can Modi govt resist subsidy?It would be interesting to see if any state decides not to subsidise this power supplied to the poor
Sep 19, 2017
To boost GDP, govt should forget 3.2% fiscal deficit target, give tax sops to corporates, individualsThe onus is on the central government to to boost economy, not state governments
Sep 15, 2017
Monsoon stock taking: As drought, floods ravage areas, picture not too rosy; watch out for inflation spikeWhile there are marginal shortfalls in case of rice and coarse cereals sowing after erratic monsoon, the two areas of concern are pulses and oilseeds
Sep 04, 2017
BRICS Summit 2017 has potential to boost trade, economy, finance but members need to start work nowThere is potential for BRICS Summit 2017 to boost growth through strong economic agreements and show the way to other nations. But political differences between the members need to be straightened out
Aug 31, 2017
Demonetisation: Cost of this experiment has been huge but benefits are not yet clearThe government had taken a bold measure to go in for demonetisation of high denomination notes to address the issue of black money. Prima facie this objective has not been achieved
Aug 02, 2017
RBI cuts repo rate by 25 bps: Industry gets what it wanted but households stand to lose againLower returns on deposits has already been triggered by State Bank of India (SBI) on savings deposits and this is a big blow considering that so far banks have been lowering term deposit rates but kept the savings rate unchanged.