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Economy

Diesel Prices Must Be Deregulated In the Budget

I write at Yahoo, Diesel Prices Must Be Deregulated In the Budget Diesel prices are way below the price of petrol for a long time now, with the difference of ...
Economy

RBI Leaves Rates Unchanged

In a very boring macroeconomic note (mid quarter review, March 2012) the RBI decided not to change anything, and wait and watch. They had recently reduced the ...
Commentary

Readings: TMC Madness, Goldman Sucks, Reliance GRMs

Railways Minister Dinesh Trivedi announces a hike in raild prices, and immediately Mamata Bannerjee, head of the Trinamool Congress (TMC) opposes it. The funny ...
Charts & Analysis

Feb 2012 Inflation at 6.95%, Flat Base Last Year

The headline number for inflation in Feb 2012 is officially 6.95% which will be revised in two months. The number hides two important points. One, that the Feb ...
Fixed Income

A 10% Return on FMPs, Tax Free!

Fixed Maturity Plans (FMPs) are not spoken about much now, but if you’re looking at getting reasonable tax free returns, consider this: FMPs invest, ...
Charts & Analysis

Chart: RBI Sells $7.3B in Jan ‘12

The RBI had sold another $7.3 billion in Jan 2012, taking the FY 2011-12 (Apr to Mar) cumulative figure to net sales of $19.8B. On a cumulative basis, this is ...
Opinion

Banking On The Ombudsman

I write at Yahoo on the Banking Ombudsman: Have you been hassled by credit card bills even after you have had a "full and final settlement"? Did a ...
Economy

Jan 2012 IIP at 6.82%, Dec 2011 revised to 2.5%

In January 2012, the Index of Industrial Production (IIP) went up 6.82% from the previous year. Note that this is highly untrustworthy data. MOSPI is notorious ...
Commentary

Greece Pulls Off Debt Restructure With CACs

Greece managed to get the “Private Sector Involvement” in a deal that restructures their debt, effectively making lenders forgive $100 billion euros. This ...
Premium

RBI Cuts CRR by 0.75% From March 10, 2012

The Reserve Bank of India has cut the Cash Reserve Ratio (CRR) by 0.75% to bring it down to 4.75%. This, I think, is the lowest ever. In order to mitigate ...