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707 ArticlesEconomy

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CPI for Jan 2014 at a 3 Year Low of 8.1%

Consumer Price Inflation for Feb 2013 is now at +8.1%. This is the lowest number since December 2011. Both Urban and Rural inflation saw dips, and both are ...

In Very Boring IIP News, Jan 2014 is +0.1%

The Index of Industrial Production has come in at +0.1%, the first positive growth figure since September 2013. This is a very “oh okay, whatever” kind of ...

EcoManifesto: Remove Exemptions, Reduce Tax Rates

In Capital Mind we start a series of posts on the economic future, and what policies must be adopted by whichever party will form the next government. We will ...

Food Inflation: The Government is Not Just Paying More, It is Buying More

In my last post, I mentioned how, according to RBI’s Rajan, NREGA and MSP have driven up prices of food. There’s another thing: we have been buying more ...

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 ...

India’s Housing Bubble Tops Out? NHB Residex Shows Slowest Rise in House Prices Since 2009

At Capital Mind Premium, last post on the National Housing Bank’s Residex Index, we talked about City level data on housing prices and how it looked like ...

Among EMs, India Sees Least Interest in Buying Real Estate

In the brilliant Credit Suisse Emerging Market Survey 2014, a question was asked (among others) to people in emerging markets, about whether they would buy ...

Deepak Shenoy Speaks on CNBC TV18 About The Ongoing Housing Price Correction

In December 2013, I was on CNBC TV-18, speaking of the housing price correction and what I thought of the way forward. Here’s the video, with @NayantaraRai ...

Premium: The Dangerous FII Debt Situation and The RBI’s Fear of Speculators

This is a premium post for Capital Mind Premium subscribers, sent on Feb 17, 2014. Subscribe now! Let’s take a look at another outlier we’ve started to ...

The Interim Budget: Cheaper Cars And A Big Education Loan Subsidy

Quick notes on the interim budget. Cars will become cheaper as excise duties will be cut until 30 Jun 2014. For commercial vehicles, small cars and bikes, ...