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Month: September 2013

5 / 9

Banks Can Come After Your Assets If The Builder Defaults

Let’s say you’ve taken a loan for a house on the 10th floor of a building, under construction. Let’s say you’ve gone for the 80:20 scheme, where ...

The Next Fed Chair Will Not Be Larry Summers

It’s the end of the Fed-chair-road for Larry Summers, who withdrew his nomination for the post yesterday after Democrats opposed him on the grounds that ...

The Three Distinct Phases of India’s Forex Reserves

India’s foreign exchange reserves have been through wild rides recently. But if you look at the reserves since 2001, here’s where we went. There are three ...

Is Jignesh Shah Trying To Sell His Stake in FT? FMC Says Fit & Proper Status at Risk

A letter by the NSEL Investors Forum chief Arun Dalmia seems to state that Jignesh Shah is in “advanced discussions” to sell his stake in Financial ...

#Linkfest: Potash De-Cartels, IIP Shadiness, Redbus-ted Exits

Pavan Srinath tells us about the breakup of the Russian-Belarusian Potash Cartel: Two big cartels control the global potash trade: the first being BPC, a joint ...
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The Mystery of the Rubber Insulated Cable in the IIP

With the rise in the Index of Industrial Production (IIP) yesterday to +2.6%, a rumour started to float around that all of this was caused by a spike in one ...

CPI Inflation for Aug 2013 at 9.52%, Food at 11%

Consumer Price Index (CPI) inflation for August 2013 comes in at 9.52% which is a ludicrously high number when you consider that WPI inflation is just 5.79%. ...

IIP for July 2013 at 2.63%, Capital Goods Surprises, Consumer Durables Frightens

The Index of Industrial Production (IIP) for July 2013 was revealed to be at 2.63% over July 2012. This is a huge improvement, and long term readers of Capital ...

91-day T-Bill Yields Soften Below 11%. Expecting Easing Rates?

After crossing 12% in yield just two weeks ago, the 91 day T-Bill auction has cooled down to a 10.6% yield in the auction yesterday. T-Bills are short term ...

MSF Borrowing Reaches a Record 736 Billion; Liquidity Is Very Tight

Banks borrowing through the Marginal Standing Facility (at 10.25%) has now gone to an extreme, at 73,000 cr. The dip you see around September 3/4 was due to a ...