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Month: June 2013

4 / 5

RBI *Buys* Dollars in April Even As Rupee Depreciates

In its latest bulletin RBI has released statistics of how it has traded the dollar – it buys and sells regularly when there is a need to “control” the ...

OT: Even The Indian Government Will Spy On You

Nikhil at Medianama has an excellent piece on the stark lack of online privacy or rights. Milind Deora, India’s Minister of State for IT, has defended the ...

The USD Rupee Rate Runs Up To 59 (Nearly)

The Rupee has hit close to Rs. 59 to a US Dollar, with the RBI rate at 58.92 and looking worse. In the last two days the dollar has appreciated by over 3.5%. ...

Nifty Needs To Go Up 50% to Recover Inflation Adjusted High

If you look at the Nifty and it’s all time high of 6300, we are just 7% below it right now, around the 5900 levels. But if you adjust for WPI inflation – a ...

Fix 40 MT of Excess Foodgrain Stocked by Exporting Them (Charts)

In an excellent paper titled Buffet Stocking Policy in the wake of the National Food Security Bill, Ashok Gulati and Surbhi Jain from the Commission for ...

Flipkart Won’t Deliver Orders More than 10K to Uttar Pradesh

The online retailer Flipkart has, it seems, decided to stop delivering goods to the state of Uttar Pradesh above Rs. 10,000, including the National Capital ...

The Income Tax Department Says Inflation was 10.21%

So while we rejoice about inflation having come down and all that, the income tax department quietly issues a notification that the inflation it allows you to ...

Sell All The Excess Gold In Temples

Problem: India imports too much gold. Facts: There is a lot of gold lying in temple vaults, including jewellery, donated by people over years. This does ...

Gold is Not The Problem: Lack of Exports Is

The Government has, in its attempt to control gold imports, increased duty on Gold imports to 8%. All this does is increases the price of Gold in rupees, ...

A Real Estate Regulator In The Offing

The Union Cabinet has approved a bill to set up a real estate regulator in India. Don’t rejoice yet; to become a law, the bill needs to be passed in ...