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707 ArticlesEconomy

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RBI Pushes Banks To Trade Bond Futures?

RBI pressures banks to trade bond futures (NDTV). Eager for a successful launch, RBI officials are making frequent phone calls to lenders encouraging them to ...

Dec 2013 IIP at -0.6%, Manufacturing Still Sucks

The Index of Industrial Production (IIP) for December 2013 came in at -0.6%, which is lousy. Media sources keep telling you they “beat expectations” and ...

GDP Growth for FY2014 Revised Up To 4.9%, But It’s No Change At All

MOSPI has come out with two announcements recently. First, they revised earlier year GDP figures. 2011-12 GDP real growth was revised the second time, this ...

Macronomics: RBI Swaps Debt, But Repayment Concentration Remains

This is an archived mail for Capital Mind Premium subscribers, sent on Feb 6, 2014. (Read more) There’s been some interesting macro-data in the last few ...

India Gets a Housing Start Index But it’s of Two Years Ago

RBI has, along with the Ministry of Housing and Urban Poverty Alleviation (really), released an index on housing starts in India. (Housing Start Up Index or ...

You get 12 Subsidized LPG Cylinders and You’re Paying For It Anyway

And the populist policies are back. With the government realizing that elections can be won by bribing people, the number of subsidized cylinders has been ...

RBI Hikes Rates But Gives Weird Wont-Hike-Further Guidance

RBI raises repo rates to 8% in its Macroeconomic Policy announced today. We are now going back to the same level as in Jan 2013 (My post), when we started this ...

Four Things The RBI Wants You To Know About Pre-2005 Notes

RBI Clarifies on the pre-2005 note withdrawal announcement today: Further to our Press Release dated January 22, 2014 on the subject and in response to the ...

Rajan Tilts Towards Curbing Inflation First

Raghuram Rajan seems to have taken the side of inflation in the controlling inflation versus slowing growth debate. In a speech to the Research and Analysis ...

Chart: Inflation Contributions and the Lack of Participation by Manufactured Goods

From the Urijit Committee Report an interesting chart came about – what contributed to WPI inflation over the years. In the 80s, it was manufactured ...