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707 ArticlesEconomy

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Oct 2012 IIP Jumps to +8.21%

In a massive jump, the Index of Industrial Production (IIP) jumped to +8.21% in October 2012. While Mining indexes slowed, the jump was because of the heavily ...

Sep 2012 IIP Falls 0.4%

I know I shouldn’t bother with figures like IIP (Index of Industrial Production) that are hugely revised every season, but since I’ve been ...

Bank Credit Growth Slows and Crowding-Out Effect is Visible

Bank Credit growth as of October 5 has slumped to 15.9%, which is close to a near term low. Bank credit is all the credit that isn’t to the government, ...

Maid Economics

I write at Yahoo about Maid Economics: The luck of the draw has allowed me to live in various cities — most recently, Gurgaon and Bangalore. In every single ...
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RGESS Tax Sop for New Investors Announced

In another horribly named scheme*, the government has announced an Equity Savings Scheme, named after Ramesh Gelli. No, Ram Gopal (Verma). Okay, it ...

Diesel Up By Rs. 5; Subsidized LPG Usage Limits Introduced

Fuel Prices have been hiked, in an attempt by the government to curb the deficit somewhat. Remember, crude is at over $113 per barrel (Brent, which is more ...

July 2012 IIP at +0.06%

The Index of Industrial Production (IIP), a notoriously volatile indicator, showed up at +0.06% for July 2012, compared to last year. The trend has been down ...

RBI Makes Payable-At-Par Cheques (Nearly) Mandatory

In a notification, RBI has mandated that Banks with core banking systems (that is, most banks) must offer cheques that will be payable at par (that is, not ...

June IIP Down -1.8%

The Index of Industrial Production (IIP) for Jun 2012 is down -1.81% from the previous year. The downtrend continues in the yearly growth numbers. Electricity, ...

RBI Macro Statement Shows Unlikely To Cut Rates

RBI released a macroeconomic and monetary development statement today. Significant is one piece in their "outlook". VII.23 Domestic growth declined ...