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707 ArticlesEconomy

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The Road To Agricultural Hell is Paved With Good Intentions

Ila Patnaik talks about the terrible situation created by the concept of the APMC (Agricultural Produce Marketing Committee) APMC acts were passed by states ...

Inflation Indexed Securities: Buy if at Lower Tax Slabs

Yes, you can now buy Inflation Protected Securities. RBI has announced that these bonds will be available for purchase between Dec 23 and Dec 31, 2013.   ...

Premium: What We Could Expect of IIP Today

This is an archive for Capital Mind Premium subscribers; this was sent by email on 12th December 2013. A Reminder For Trial Subscribers If you’ve been on the ...

There is No Liquidity Problem. But Will Rajan Raise Rates?

Ahead of the December 15 intermediate tax payment due date, liquidity in the system is not at all tight. With the 14-day term repo increased to 48,000 cr. ...

IIP for Oct 2013 at -1.8%

The Index of Industrial Production (IIP) for October 2013 has come in at -1.8%. By large components, every piece of the pie has fallen. Mining (weight:15%) ...

Bank Credit Growth Falls to 14.3%, Lowest Since July

Scheduled Commercial Bank Credit is now at 56,650 crores, which is growing at a rate of 14.3% over the previous year. This is now closing in on the 1 year low ...

RBI Buys $4 Bn, Sells $5Bn in Forwards in Oct 2013

The monthly RBI Bulletin tells us how RBI trades in the forex market, with a 2 month lag. In October, the RBI bought $9.5 billion (mostly from banks with the ...

NTPC Closes Tax-Free Bond Offer Early, 3.3x Subscribed

  With a 330% subscription, NTPC decided to close it’s tax-free bond issue much earlier than the scheduled date of close (December 16). The original ...

Premium: The Green Shoots In the Indian Economy

Note: This is an archive for Capital Mind Premium subscribers, sent on 03.12.2013. While I’ve been bearish for a long time, the time has come to admit ...

RBI Ends OMC and FCNR Swaps; Refiners Buying Directly From Forex Market

RBI has mentioned two interesting things. One, that oil refiners are buying dollars directly from the market, since last week, and not from RBI directly ...