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If RBI can't cut CRR today, let them pay us interest on it, says SBI

Jun 17, 2013

Ahead of the mid-quarter review of monetary policy today, the State Bank of India has said if the apex bank cannot reduce CRR rate, which is a must for lending rate cuts by banks, they should pay interest on cash reserves that banks park with the monetary authority. #RBI #CRR #Interest rates #SBI #TheySaidIt
Monsoon to matter in India's monetary policies: Subbarao

Jun 07, 2013

The RBI is scheduled to unveil its first mid-quarter monetary policy review on 17 June. #Economy #P. Chidambaram #RBI #Monetary policy #D. Subbarao #CRR #Monsoon #PolicyWatch
Hawks opposed 3 May repo cut, but Subbarao took middle path

May 23, 2013

Minutes of the Technnical Advisory Committee that aids the RBI chief in monetary policy show that Subbarao voted with the doves this time. #RBI #Monetary policy #D. Subbarao #CRR #PolicyWatch #TAC Meeting
RBI cuts rate for now, but says further reductions not a given

May 03, 2013

The Reserve Bank of India today cut the policy rate by and expected 25 basis points to 7.25 percent but cautioned that there is only little space to further monetary easing. It also projected a bearish 5.7 percent GDP growth for 2013-14. #RBI #CRR #NewsTracker #Rate cut #CAD #Lending rates #Policy Review
RBI Policy: Bankers want 0.5% CRR cut in May

Apr 05, 2013

Amidst demands for further reduction of interest rates to spur economic growth, the Reserve Bank will announce annual monetary policy for the current fiscal on May 3. #CRR #PolicyWatch #Bankers #Rate cut #RBI policy
RBI policy: Markets expect action in 2013

Dec 18, 2012

#Sensex #nifty #RBI #CRR #Repo rate #markets #PolicyWatch #Bonds
No-action policy from RBI, but growth focus clearer

Dec 18, 2012

#CRR #NewsTracker #Repo rate #RBI Policy review
RBI unlikely to budge on rate cut yet; CRR may be slashed again

Dec 18, 2012

Economists are near unanimous this time around in ruling out a rate cut by the Reserve Bank of India when it reviews its monetary policy on Tuesday. #RBI #CRR #ToWhatEffect #policy rates #Policy Review
Nov inflation falls unexpectedly to 7.24%, but no case for rate cut

Dec 14, 2012

Inflation in November accelerated at a lower-than-expected pace of 7.24 percent, but remained at an elevated level giving no headroom for the Reserve Bank of India to cut rates its 18 December monetary policy review. #Numbers #RBI #CRR #Repo rate #November Inflation
Chidu shows RBI who's boss: Is this sweet revenge?

Nov 05, 2012

Is the finance ministry trying to put the RBI in its place by seeking to deny a deputy governor an extension and asking to scrutinise the RBI's books? #D. Subbarao #Chidambaram #Tug-O-War #CRR Interest #RBI Vs Finmin

Editor's picks

Lok Sabha polls 2014: Back to basics for Congress and BJP

With the playing field level, from now on it will be a battle of strategies for the Congress and the BJP
Chidu's 'Ferrari' of reforms has an autorickshaw engine

A slew of economic reforms has been promised this month, but one should not expect anything more than fancy footwork from the FM.
From a fed-up, die-hard fan: An open letter to SRK

Forget all this surrogacy business. The reason we love Shah Rukh Khan is that he’s been one of Bollywood’s smarter actors. But of late, SRK’s been a bit disappointing, complains a fed-up, die-hard fan.
Dhoni has Ganguly's touch but with a difference

Rohit, Kohli, Raina, Jadeja, Ashwin, Bhuvneshwar, Umesh – that’s the core of the Indian team today and perhaps it wouldn’t be wrong to say that they are Dhoni’s boys.

Vajpayee, Advani, Modi: Every leader has given Hindutva a twist

From Vajpayee to Advani to Modi –the Sangh Parivar has come a long way, presenting before India every few years a Hindutva face rendered presentable through a shrewd makeover
Why Nitish 'really' dumped the Modi-led BJP

While prima facie it might seem to be a clash of two strong personalities i.e. Modi and Kumar, there is much more to the split than that.
3 Indias at war: Sensex India, Maoist India, and Bharat

The current tensions in India can directly be traced to three visions of India – one of which will involve breaking the country
Last man standing: Why it's easy to feel sorry for Misbah

Sympathy for a Pakistani cricketer, especially a batsman, is a novel emotion for those of us coming from the 90s.

Fear of the unknown grips the BJP in Bihar

Although the party is maintaining a brave face, the eventuality of a split has left many leaders on tenterhooks.
In Mamata's Bengal: Zero tolerance for rape or protesting against rape?

Bengal tops the list in violence against women. There have been several reports of gang rape in the past few weeks. The Mamata government has taken quick and stern action – against the women protesting the rapes in front of the CM’s residence.
Food security: For poor’s sake, jholawalas must speak up

The subsidy to the rich accounts for more than 7 percent of the GDP while that for the poor, with the food security act, would account for 1.1 percent.
Patients get HIV in Assam hospital after blood transfusion, panic spreads

Many patients who were administered blood from the same blood bank fear the worst.

Why a BJP-JD(U) split will be good for India

Neither UPA nor NDA is an alliance. And the BJP and JD(U) were mere power-sharers, not allies. To grow, alliances have to be built around principles not just power-sharing
Chidu takes comfort in Fitch upgrade, but where are real reforms?

At a press conference, Finance Minister P Chidambaram, however, did not reveal any concrete steps but promised more reforms by August. He said the rupee’s decline is in line with that of the currencies of other countries with high current account deficit like India.
Why cutting interest rates will have little impact on industrial production

The index of industrial production (IIP), a measure of the industrial activity in the country, grew by a meagre 2% in April 2013, in comparison to the same period during 2012. The index was expected to grow by around 2.4% (source: India: Weak growth and sticky retail inflation. Sonal Varma and Aman Mohunta, Nomura). In [...]
Why 'Sir' Ravindra Jadeja is a people's genius

If one was simply to go by numbers, young and jolly Jadeja is on course to be a great. That’s not overrating him — it’s the simple logic of statistics one cannot argue against.

The Aurangzeb factor: 5 lessons from Modi-Advani tussle

Political parties need to have a process for electing leaders. This problem relates more to cadre-based parties such as BJP and CPM.
Why 55-60 to the dollar may be the new normal for rupee

A drop in the US dollar index does not seem to help the rupee; this shows that the Indian currency seems to be marching to its own gloomy beat.
Critics split on Apple iOS 7: Hideous, unoriginal or a thing of pure beauty?

The new design has sparked debates over whether Apple stole the design from Android or Windows 8 or just created an unholy union of the two. We take a look at what the critics are saying:
Is Putin the Salman Khan of international politics?

Is Vladimir Putin the Salman Khan of world politics? Our new columnist, stand-up comedian Gursimran Khamba pontificates.

Advani wins: No free hand for Narendra Modi just yet

What was the senior leader’s specific problem? Well, one is the indecent hurry in which Modi’s is being shoved down the throats of other leaders in the party.
Obama's second innings? As a junior engineer in govt service in India

Is Barack Obama about to sit for an exam for a junior level engineer in India? A man in Rajasthan says he’s got an admit card with Obama’s picture on it from the Staff Selection Commission. Actually on second thought that might not be such a bad second career for the President.
How US industries are trying to use 'treaties' to arm twist India

US companies are blatantly violating international agreements or purely lying, when they accuse India of using TRIPS flexibilities. Americans have spoken the same language against other countries such as Brazil and Thailand, but failed.