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707 ArticlesEconomy

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IIP for April 2012 at 0.12% Growth

The Index of Industrial Production (IIP) for April 2012 has come in at 0.12% which is weak but stronger than March’s negative –3.47% (which has been ...

Has India Plunged Into Recession? GDP Data Fudge Reveals Details

The Great Indian Data Suckage story continues. GDP data from MOSPI (the agency that reveals data) recently brought growth down to 5.3% and it turns out there ...

Fooling Us With the Petrol Price Breakup

Petrol prices have been cut by Rs. 2, or by about 4%. This is very strange, considering the price of crude is down nearly 20% from the peaks of $ 125 (though ...

India’s Q4 GDP Growth Slows, Has More To Go

GDP Growth came in at a miserable 5.3% for the quarter ended March 2012, ending the year at a 6.5% growth, compared to 8.4% in FY 2011. Look also at Nominal ...

Why the Petrol Price Hike is a Good Thing

I write at Yahoo: Why the petrol price hike is a good thing Petrol prices were raised again recently, by Rs. 7.5 and the hike leaves the country seething, ...

Dollar Above 55, RBI Needs To Open Up

The USD-INR ratio has reached Voldemort levels, meaning you don’t talk about it anymore. While the RBI ref rate is still 54.88, the trading in the spot ...

RBI Meeting Minutes: Don't Cut Rates That Much?

The RBI has released the minutes of the meeting in which monetary policy was discussed in April 2012. I point you to: 5. Most members were of the view that ...

IIP For March 2012 at -3.5%

The Index of Industrial Production (IIP) came in at 3.5% below last year. This data has not been trustable for a long time, so there’s no need to really ...

Budget 2012: GAAR Deferred, Taxes at Source Cut

In his prepared remarks introducing the Finance Bill into Parliament today, Indian Finance Minister Mr. Pranab Mukherjee announced some changes to the ...

Startup Tax: Diluted To Allow "Angels"?

The FM, in his remarks while introducing the Finance Bill today, provided some relief to the startup community by potentially allowing angel investments to not ...