Latha Venkatesh
Latha Venkatesh
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articles by Latha Venkatesh

Business

Bank NPA resolution is shrouded in fears of various kinds; it's time for RBI to act

Now that the bullet has been bitten, the RBI needs to speed up the process of setting up the committees and identifying the first list of assets

Business

Raghuram Rajan's no-more-RBI-rate-cuts stance is a strong message; govt should take heed

Hopefully the government will take on board all the three suggestions rather than simply harp on rates

Business

Markets shouldn't fear AAP win: Modi will not buckle under just one defeat

Are the markets cheap even at 8,300? That should be the question that should worry the markets more than the impact of AAP on the budget. The bigger worry: Are the economy's problems too intractable to be answered in one budget or even in one year?

Business

RBI policy: Forget rate cut, watch out for its views on rupee, food inflation, revised GDP

The market and the business community will focus more on the RBI's stance in the statement and in the governor's press conference

Business

Bankers' meet: PM statement on autonomy clear signal of coming reforms

If Modi can ensure the legal changes, then one can be bullish on public sector banks for longer term

Economy

Oct IIP contracts: Industrial slowdown not so bad but low inflation may hurt

Inflation still needs a careful eye while the industrial output is not a great picture, can't be tuned up with interest rates.

Economy

What Modi should have raised with Xi: Why can't India decrease trade deficit with China?

So the question is, why are we not able to export to china when we can to the US?

Economy

It's been a rocky year and you shouldn't take interim budget 2014 lightly

An ugly deficit and uncertainty on growth can have disastrous consequences on the external front

Business

CAD crisis squashed for now as exports rise; focus must shift to fiscal deficit

The current account deficit in the second quarter may well be zero. The year could end with a 2.5 percent CAD. The focus must now shift to the fiscal deficit.

Economy

Correcting CAD: Let rupee fall and stop doling out sops for foreigners

A slower depreciation of the rupee is better way to strengthen the country's exports, lower competitive imports and give a boost to Indian industry all round. The enforced appreciation of the rupee cuts this boost to industry.

Economy

If govt doesn't do its bit, Rajan's attack on inflation will hurt

The decision to track CPI can mean a much more hawkish RBI that we are prepared for. Not only is headline CPI at 9.5%, non-food CPI has been sticky at 8.7%. So even assuming food inflation drops rapidly in the last quarter of 2013, headline CPI may remain well above 8%. In which case RBI may go for 2 more rate hikes.

Economy

PM gave RBI Guv a pat on back, not rap on knuckles

The PM is said to have frowned on the RBI's recent approach to monetary policy, but his actual words do not lend themselves to this interpretation

Economy

Both finmin and RBI may be wary of Raghuram Rajan

Having got into the hot seat, next RBI Governor Raghuram Rajan will find that he will have enemies both in the RBI and in the finance ministry

Economy

RBI will grant FM a rate cut but not without regret

The government's intransigence on diesel prices should therefore be highlighted by the RBI. They may still give a cut, but they must express dissatisfaction over the refusal of the government to keep its word that diesel prices will be hiked every month.

Economy

No case for a rate cut, but Mint St could still do one

Inflation is far from weakening, but the pressure from the sovereign on a rate cut for dispelling pessimism is strong. Better a rate cut than a CRR cut.

Business

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.

Economy

Withholding tax cut: Pranab has chosen to favour big biz

The FM's decision to cut the withholding tax from 20 percent to 5 percent will bring in hot flows and make the country more vulnerable to external winds.

Budget

Budget 2012: Do we need a 1990s crisis to shock us into reforms?

Individuals who earn Rs 100 and spend Rs 150 won't usually get even a credit card. But India's profligate government thinks it will get by.