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707 ArticlesEconomy

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RBI Committee Clarifies Monetary Policy, Suggests CPI Inflation Target of 4%, Major Reforms

The Urijit Patel Committee has submitted a report on Monetary Policy that expects to simply what the RBI intends to achieve in its monetary policy. Choice of ...

RBI Will Buy Bonds Because the Government May Have Too Much Cash

RBI will hold another Open Market Operation (OMO) to buy government bonds worth upto Rs. 10,000 crore on Wednesday because, it seems, the liquidity situation ...

Foreign Investors Jump Into Indian Debt; Buy $2bn in the 1st 15 Days of 2014

In the first 15 days of January, Foreign investors have invested over $2 billion in debt, with over 13,000 cr. of debt being purchased. This is the highest ...

WPI Inflation for Dec 2013 at a 6-month Low of 6.16%

Monthly Wholesale Price Inflation for December 2013 came in at a surprisingly low 6.16% on the back of lower food prices. This is the first time the green ...

Macronomics: RBI's Dollar Trade Takes Us Back to 2007

This is an archive for Capital Mind Premium subscribers. To know more, click here. It’s been a few quiet days at Capital Mind as the anti-histamines have ...

CPI Inflation for Dec 2013 Still Too High at 9.9%

Consumer Price Inflation for December 2013 came in at a lower 9.9%, which is lower only because November was a (revised) 11.16%. The big fall has been food, ...

IIP for Nov 2013 Surprises With -2%, Manufacturing Badly Hit

The Index of Industrial Production (IIP) came in at a shocking -2% in November 2013, despite a fairly strong showing by Electricity and Mining. IIP has been ...

Trade Balance for Dec 2013 Up Marginally at $10 Bn

The Exports and Imports Data has come in and we are seeing export growth come down to just 3.5% over last year, while imports were down 15%. The trade balance ...

RBI Says Don’t Poll For Benchmarks, Use Trade Data Instead

Finally RBI seems to have figured out the banks and market players shouldn’t allowed to set benchmark rates based on “polls”. They’ve a draft report ...

Imagine No Taxes

At Pragati, I write: Imagine No Taxes. Nitin Gadkari, former BJP president, is quoted by NDTV Profit saying that they’re considering a total abolition of ...