Articles by Madan Sabnavis
Oct 15, 2019
Economic slowdown: Stress points in real estate limited, but financial sector needs to be watchfulBank exposure to real estate as of March 2019 was Rs 2.2 lakh crore, but overall credit to the NBFCs stood at Rs 6.8 lakh crore.
Oct 04, 2019
RBI cuts repo rate by 25 bps to 5.15%: Central bank goes with the tide but reduction in interest rate cannot ensure pick-up in creditThe most important takeaway from the RBI policy statement is the revision in GDP growth number from 6.9% to 6.1% for FY20
Oct 03, 2019
MPC will definitely go for a rate cut, but will it turn around slowing investment cycle and spur demand?The MPC is officially supposed to target CPI inflation which remains in the comfort zone of 3-3.2 percent which is less than the 4 percent benchmark
Sep 23, 2019
Cutting taxes not an effective remedy to accelerate slow economy in short-term, households should focus on higher spendingCutting taxes has the same fiscal impact but takes time to work out as it is conditional on companies investing part of the gains.
Aug 29, 2019
New FDI norms: Investment should be driven by domestic private sector; manufacturing must get priority in fund infusionThe framework also allows 100 percent FDI in all coal activity which is good for the users to the extent that investment flows in which can reduce cost and increase availability.
Aug 27, 2019
RBI windfall of Rs 1.76 lakh cr surplus to Centre supports deficit, offers a permanent avenue to raise resourcesThe government will get a bonanza of around Rs 86,000 crore over and above the budgetary provision of Rs 90,000 crore from the RBI
Aug 26, 2019
Nirmala Sitharaman's booster dose for economy will likely go down well with markets, improve confidenceArray
Aug 15, 2019
Tracking India's economic slowdown: Path to revival will be slow, painful; govt must start work nowThe most positive aspect of the economic slowdown in the country is that there is official acceptance that something is amiss
Aug 01, 2019
US Fed rate cut: Need to be watchful on forex side if it is beginning of further interest reductionsAnother interpretation provided is that the rate cut has more to do with preventing any slippage in the GDP growth and hence is a preemptory measure invoked keeping the future in mind.
Jul 26, 2019
Why sovereign bonds, as a remedy to cure India's fiscal weakness, isn't an exciting ideaFrom a market standpoint, sovereign bonds will mean more volatility in the markets.