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4402 ArticlesDeepak Shenoy

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RBI Meeting Minutes: Don't Cut Rates That Much?

The RBI has released the minutes of the meeting in which monetary policy was discussed in April 2012. I point you to: 5. Most members were of the view that ...

April 2012 WPI Inflation at 7.23%

Wholesale Price Inflation for April 2012 came in at 7.23%, up from 6.95% in March. The graph looks like it’s taking a dangerous turn up. Feb 2012 ...

TV Panel: Is E-Commerce a Bubble?

I was in a panel discussion on NDTV on Friday: Is E-Commerce a Bubble? I got a little face time and wasn’t able to articulate all the thoughts I had. ...

IIP For March 2012 at -3.5%

The Index of Industrial Production (IIP) came in at 3.5% below last year. This data has not been trustable for a long time, so there’s no need to really ...

RBI Cuts EEFC Balances to 50%

RBI allows exporters to hold their forex earnings in an Exchange Earners Foreign Currency (EEFC) account. This is so that they can pay in forex for stuff they ...

Chart: Five Years of Nothingness

Or almost. Invest using SIP they said. Every month, month on month, you invest money, buying into the Nifty, and your return today, after five years, is a ...

Jim Grant: Look at the Depression of 1920-21

Jim Grant usually has excellent things to say, and he raps the Fed on their knuckles, in their very office, in a brilliant speech. (Note: I don’t agree ...

Why RBI Buying Govt Bonds Is Not A Big Deal

RBI has announced an Open Market Operation (OMO) to buy Rs. 12,000 cr. (120 billion) worth of government bonds, on Friday, May 11. Bond Yields have fallen ...

Budget 2012: GAAR Deferred, Taxes at Source Cut

In his prepared remarks introducing the Finance Bill into Parliament today, Indian Finance Minister Mr. Pranab Mukherjee announced some changes to the ...

Startup Tax: Diluted To Allow "Angels"?

The FM, in his remarks while introducing the Finance Bill today, provided some relief to the startup community by potentially allowing angel investments to not ...