Nationalisation of banks: Spread of public sector banks paved way for balanced economic development, large-scale job creation
The nationalisation of banks was probably one of the boldest steps taken by the government in 1969 as it involved bringing virtually the entire financial system under the public sector.
Union Budget 2019: Nirmala Sitharaman presents ‘no-change’ Budget; one mustn't read too much into numbers
The Budget speech had spoken of what all has been given in the interim Budget and not made any concession here. Therefore, there is nothing specific for households here.
Economic Survey 2019 presents good overview, but should not be read as precursor to Sitharaman's maiden Budget
The Economic Survey also takes a view that the NPA issue is behind us and hence banks can now lend.
The Financial Stability Report analyses threadbare the overall state of the various segments as well as highlights the risk-related issues
Arvind Subramanian's claim on overestimation of GDP is exotic research confined to shelf; CSO should focus on improving robustness of data
It was expected that the EAC-PM would rebut the conclusions drawn by the former Chief Economic Adviser Arvind Subramanian
Can’t expect anything radical this time from Modi 2.0, govt's entire focus will be on matching all numbers
The prime minister has already increased the cash transfer scheme allocation to Rs 87,000 cr as it will include more farmers now.
Inflation numbers well on track, but what Budget offers to revive industrial growth this year will be interesting to watch
Core inflation is the serious part that can be affected by monetary policy action and hence the direction becomes critical.
Former CEA Arvind Subramanian's claim on GDP growth overestimation is a valid view, but here's the catch
The former CEA has come up with his calculation that shows that there has been an overstatement of GDP based on limited variables that he has used
RBI issues new NPA recognition norms: The guidelines put onus on creditors to take call on resolution plan, but will it work?
RBI guidelines will definitely bring in more transparency in terms of letting all the lenders know that there is a problem and that they would also have to work towards a solution through the RP
RBI monetary policy: Changes in rates may not spur investment; govt needs to ascertain causes of stagnation
Further, fuel inflation has been increasing and the assumption made by the RBI here is that oil prices are unlikely to increase in the next couple of months.
GDP data at five-year low mirrors all that is wrong in Indian economy; Narendra Modi's new govt must take note
There is a need for deep introspection and direct action to revive the economy.
Narendra Modi's second term in office: From job creation, tax rates to agrarian crisis, to-do list for next five years is ready
The Narendra Modi government should work on getting state finances in order
The IIP growth numbers for March 2019 and FY19 are more than disappointing. This information comes at a time when there are not too many encouraging signals at the ground level
NSSO report: GDP data was bound to be questioned due to methodological issues; it's time CSO redefines sample
As other variables like employment, tax collections etc. are linked with GDP numbers, the data set will always be examined more than closely for faults
Drop in income tax e-filers: Gains accrued from GST, demonetisation not enough, need to increase employment opportunities
Demonetisation and GST were two schemes that were brought in by the government ostensibly to bring out black money and get everyone into the tax fold.
US ends waiver on Iran oil imports: India must now scout for cheaper oil from other sources to avoid a crisis
Higher oil prices would cause reworking of our economic indicators and policy. Higher prices will immediately impact our trade deficit as the value of imports increases.
Monsoon forecast: Will IMD’s prediction of near normal rainfall be good enough to instil optimism in country?
We have seen in the past that delayed monsoon has implications for the crops as sowing is dependent on the arrival of the rains.
BJP manifesto: Continuity for sure, but some goals are aspirational; where will the money come from?
The BJP manifesto promises continuity which is assuring as there will be more of the same with certain toppings directed to the poorer sections.
Reserve Bank cuts repo by 25 bps: MPC's rate cut bonanza isn't over yet; expect more moves to spur the economy
Lowering of the repo rate by the RBI has to get transmitted and for this to happen, deposit rates should be lowered so that the MCLR comes down
Congress election manifesto: Several poll promises will meet implementation hurdles; strict follow-up action key to success of schemes
The manifesto also talks about more public sector bank mergers which will depend a lot on how the Bank of Baroda-Dena-Vijaya Bank alliance works out as there will be several lessons to be learnt.