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Month: March 2014

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Why is Controlling Inflation More Important Than Short-Term Growth Worries? Rajan Answers.

This is going to be a long essay. RBI Governor Raghuram Rajan has a brilliant explanation of why Inflation is more important to worry about than short-term ...

RBI Extends Date of Pre-2005 Note Exchange to 2015

RBI has extended the date to exchange your pre-2005 notes ( to Jan 1, 2015). Earlier, they had mandated the exchange of all such notes by July 1, 2014. In a ...

Macronomics: Housing Prices Grow at Lowest Rate Since 2008, From the Residex

This is a post for Capital Mind Premium subscribers. In our last post on the National Housing Bank’s Residex Index, we talked about City level data on ...

Manufacturing PMI for Feb 2014 at One Year High

India’s HSBC Markit Purchasing Manager’s Index (PMI) for Manufacturing for Feb 2014 was at 52.5, a 12 month high.   However, they have provided a ...

Reads: Synchronized Tightening, Buffett Letter, Marketing Amortization and more

Think before you buy with a credit card: The taxman will track individual spends. (SmartInvestor) Buffett’s annual letter to investors. A lot of stuff there ...

Russian Rates Up 1.5% After Putin Goes Into Ukraine

Russia has raised interest rates 1.5% after the state invaded Ukraine’s Crimea region, which is seen to be pro-Russian. This rate hike and the tension around ...

Chart: India’s Q3 2014 GDP At +4.7%

India’s GDP release of last friday showed the December 2013 quarter growing at just 4.7% higher than December 2012. This is lower than the Q2 growth of 4.8%, ...