Madan Sabnavis
Madan Sabnavis
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articles by Madan Sabnavis

Business

Reservations based on economic criteria: The right way to go as it is essential to retain some balance

The Cabinet decision to bring in the 10% economic criteria reservation is definitely progressive in nature and will address the lacunae that exists in this system.

Business

Farm distress: Govt addressing issues through piecemeal measures; need to integrate all schemes to make sector more resilient

It is clear that we are not really looking for a permanent solution and addressing the problem through piecemeal measures that have a good announcement impact.

Business

RBI-government fracas on core issues has brought to fore contentious aspects of not just institutions but also policies

The RBI so far has used the conventional approach of providing funds to banks which could lend to the NBFCs based on commercial judgment.

Business

Fed rate hike will strengthen dollar, may adversely affect rupee; gold to remain downbeat for some more time

The markets were shocked because it was truly believed that the Fed would leave rates alone and take a more moderate approach.

Business

IIP at 11-month high of 8.1%, CPI drops to 2.33%: Twin numbers signal good news for economy

While the inflation forecasts have been coming down which gives an indication that they expect price increases to moderate, there is skepticism on core CPI inflation.

Business

Shaktikanta Das is new head of RBI: Will former bureaucrat be able to get central bank, govt on same page?

Shaktikanta Das worked with the government and hence knows how the machinery works which is very important at a time when there is constant dialogue needed between the Central bank and the Finance Ministry.

Business

Urjit Patel resignation: After the truce talk, governor's shocker is surprising; needs clarity

The next few days will be very crucial for the central bank and markets and the earlier a decision taken on Urjit Patel's resignation, the better it will be to eschew speculation

Business

RBI monetary policy committee decisions: Is there any need to take a stance on ‘stance’

It gets confusing because every statement gives the RBI the view on GDP growth and inflation.

Business

RBI monetary policy meet: Central bank on hold for now, but leaves room for future rate action

A CRR cut of 50 bps would have released at least Rs 65,000 crore. The RBI is either satisfied that there is no need to inject such a quantum of funds or that it would use OMOs to provide comfort as and when it is required.

Business

RBI MPC member questions inflation data: Why there is nothing really amiss with the existing CPI methodology

The concept of an inflation index is always going to be contentious in India given that there are varying prices across the country

Business

GDP growth at 7.1% in Q2: With economy struggling to keep pace, 7.5% full year target looks difficult

The gross domestic product (GDP) growth rates will remain in the news for quite some time now.

Business

GDP back series data: Having a new base year is fine, but high growth post-demonetisation is surprising

There can be no discussion on the new base year concept as it is globally accepted.

Business

RBI move on ECB is good; will ease pressure on cost of borrowing, encourage firms to borrow more from market

The idea is to have it more predictable so that companies can play around with their choice of borrowing.

Business

Rupee gains 220 paise to Rs 70.69 in just 7 days: Here's how Indian currency managed a sharp recovery

When the rupee crossed Rs 73 against the dollar, it was widely expected that it would go past 74 and then 75.

Business

RBI board meeting concludes on positive note: Mature solution is good news for financial markets

The RBI board meeting which went on for a dramatic nine-hour session has reached a mature solution which is acceptable to all concerned parties

Business

RBI board meet today: India can't afford a warring central bank and government; time for clarity

The RBI Board meeting is very important as it will set the ideology in place that will guide the central bank in future

Business

October CPI at 3.31% and September IIP at 4.5%: Inflation numbers come as breath of fresh air, show economy is on right track for now

Two things stand out in the CPI inflation number. The first is that the food items basket is responsible for this low number. The other concern which will definitely be the focus for the RBI is core inflation which is now above 6 percent.

Business

Remembering TN Srinivasan: A towering figure in Indian economics who embraced 1991 liberalisation with passion

Srinivasan will definitely be remembered for his contribution to the opening up of the economy, though admittedly a lot of what has happened is due to external pressure (IMF) or political dictum.

Business

Two years after demonetisation, there are signs of a cleaner economy but where is the black money?

if data is provided on how many people have actually been caught with unaccounted money, it would be able to measure the success of the demonetisation part of the story.

Business

Govt wants Rs 3.6 lakh crore cash surplus from RBI: Eating into central bank's reserves is a dangerous idea, will set a bad precedent

As this has not been done before, doing it now will definitely send a signal that all is not well with the government’s finances and will hence raise several questions on the running of the Budget.