The government's petrol price hike, LPG limit and salary increase, has indeed trapped the RBI.
The ceaseless chatter about the Chinese renminbi's imminent rise as the world's reserve currency is just so much hot air.
The euro is on the skids while the rupee is on a stronger wicket. There is little reason for the Indian currency to depreciate too much.
The famed economist tells Firstpost the Indian government is overspending on entitlement programmes, not on economic growth; and that China too faces many risks.
There is growing pressure from the US on Swiss banks to reveal more on American tax evaders. This might very well be a strong sign for New Delhi to start pushing for information on Indian tax evaders.
Former Goa CM Manohar Parrikar alleges that 20 percent of the mining in the state is illegal and the money involved is no less than Rs 4,000 crore. But the man at the centre of it all is Digambar Kamat, who has been mines minister for 12 years running.
Indian rice exporters will have to jump through hoops to get their product into America as customs officials at Chicago's O'Hare airport find Khapra beetle larvae in bags of rice.
Intended to show the court's resolve to bring corrupt mining operators to book, the ban could aggravate the slowdown in the Indian economy.
The Congress lost an opportunity to aggressively marshal support for FDI in retail. Now, they must not waste the remainder of the winter session.
The dollar hegemony is as much a curse to the US as to the rest of the world. Yet, in the absence of an alternative, it seems certain to destroy the global financial system.
Given that the RBI has done its part to cool demand, the government should now focus on improving supply. Making soothing statements on the economy simply don't cut it anymore. The government must act to revive the economy.
Claims that Infosys routinely brought Indian tech workers into the US on B-1 visas to do work that actually required an H1-B visa will be heard at trial on 20 August.
Despite the weatherman's forecast of a possible deficient monsoon, rainfall so far has been near normal. So expect a good kharif harvest.
Whatever their public posturing, politicians want retail FDI because they hold their ill-gotten wealth in land. Without FDI, realty prices could crash further
Foreign retailers will not only serve local markets, they will also boost exports. On the cusp of an unprecedented demographic expansion, India will benefit.
Thanks to inflation, we will soon not need any currency denoting paise. The depredations of inflation over the last century have reduced the value of the original rupee to less than a paisa. The rupee is the new paisa. It's also why the Finance Minister is thinking of minting Rs 100 and Rs 1,000 coins in due course.
Mr Market is in a manic-depressive mood, alternating between days of doom-and-gloom scenarios and over-the-top optimism.
The slowdown in the West means crude prices will weaken - and this is good news for us on the inflation front.
Obama attempts to offer assurances as global markets plunge and S&P downgrades the credit ratings of US financial institutions.
The world's biggest retailers are tripping over themselves to set up shop in the last frontier of organised retail.
No competition can take away the advantages kirana stores enjoy. Proximity is one of them.
Defending S&P's action, Sharma said the angry reaction from the US was on expected lines and "the same you would get from any other country or company" being downgraded.<br /><br />
After the 2008 financial crisis, China's massive fiscal response propped up growth in Asia. This time, China has fewer options, and the outcome won't be pretty.
However, the ratings downgrade and Europe's debt crisis will be on everyone's mind this week. So, how will markets react?
After the US rating downgrade, Asian markets were bracing for a sharp fall, but this morning, the fall has been relatively muted. Likewise, Mumbai markets will open weak today, but the downslide wont be as bad as Friday's bloodbath.
The S&P chastised American politicians for political bickering when it lowered the US credit rating. Ironically, this has set off yet another round of partisan finger-pointing.
Friday marked the beginning of the end of the dollar era. The euro is not in any better shape. This means once the short-term shock of this realisation is digested, China and India will be the flavour of the decade for fund managers. Belt up for the turbulent ride.
Thankfully, there's one attribute that Mistry has which should be of immense help to him as Ratan Tata hands over the baton.
The US administration isn't entirely happy with Indian concessions limiting the liability of nuclear equipment suppliers in the event of accidents. More hard bargaining lies ahead.
His transformation is a symptom of the adversarial nature of politics, and explains why all reforms in India happen by stealth.