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Commentary
Insurance Profits from Surrenders, But Not *That* Much
LiveMint has an article by Monika Halan and Deepthi Bhaskaran talking about how investors lost Rs. 1.5 trillion (150,000 crore) rupees due to mis-selling. ...
Charts & Analysis
January PMI Continues Expansion; Services Jump
The HSBC Markit Purchasing Managers Index (PMI) was at 56.3 in Jan 2013, indicating continuing expansion. The Index is based on both Manufacturing and Services ...
Foundations
Cut up the RBI
(Written for Pragati, December 2012) The Reserve Bank of India has been a regulator of acclaim, and as regulators all over the world have become more ...
Economy
RBI Suggests Large Penalties for Restructured Loans
RBI has, in its draft guidelines, made it more difficult for banks to restructure loans. (See: What is loan restructuring?) Suggested in the guidelines are: ...
Charts & Analysis
Charts: Nifty has a +2.2% January
The Nifty moved 2.2% in January, crossing 6,000 for the first time since December 2010. It’s a good start to the year, and hopefully the budget in Feb will ...
Stocks
Reliance Sells $800M of Perpetual Debt, Despite having $15B of Cash
Reliance just sold $800 million of perpetual bonds at a yield of 5.875%. The yield is fixed for life – and holders will get money for as long as Reliance ...
Economy
RBI Cuts Repo and CRR by 25 bps
Continuing the paused rate cut cycle, RBI cut the repo rate (at which banks borrow overnight from the RBI) by 0.25% to 7.75%. In addition, it brought the Cash ...
Foundations
Do Not Undervalue Luck
Too many people attribute their success to their own skill. At some point, when everyone is working their asses off, you begin to wonder if success has quite ...
Commentary
Raising Gold Duty Will Only Increase Gold Demand
The government has raised the Gold import duty to 6% from 4%, and pleads with people to please "moderate" their purchases of gold. This is a ...
Stocks