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707 ArticlesEconomy

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Jan 2012 IIP at 6.82%, Dec 2011 revised to 2.5%

In January 2012, the Index of Industrial Production (IIP) went up 6.82% from the previous year. Note that this is highly untrustworthy data. MOSPI is notorious ...

Nifty Consolidated P/E is 16.16, Standalone is 19

Looking at Q3 figures (now that all data is in) we have a pretty interesting result on the Nifty P/E. If I use the exchange methodology, then the way to get ...

Dec 2011 GDP Growth At 6.09%, Lowest in 3 Years

GDP Growth for the 3rd Quarter ending December 2011 is at 6.09% over the previous year. This is the lowest since March ...

Crude hits $125, India’s Fuel Cost Soars

In response to EU sanctions from July 1, Iran has already stopped providing oil to Britain and France. Yesterday, there were rumours of it stopping supplies to ...

IIP for Dec 2011 Up 1.8%

India’s Index of Industrial Production (IIP) for December has been released. The index is up 1.8% over last year. This should end a dismal year in for ...

RBI Cuts CRR by 0.5%

The Reserve Bank of India has cut the Cash Reserve Ratio (CRR) for banks, as a percentage of deposits, to 5.5% from the earlier 6%. This is, they say, to ...

RBI Policy: Inflation High, CRR Cut Unlikely

Two things are expected of the RBI today, in their monetary policy statement. One, that it will not raise interest rates – a stance taken already in end ...

Direct Tax Code May Be Deferred, Again

The government may defer the Direct Tax Code by a year, even though Pranab Mukherjee mentioned as recently as Dec 7 that he would bring it in force from April ...

WTF, Food Security Bill?

The recently introduced (not yet passed) food security bill has demonstrated that the government has officially lost the plot. The bill proposes a cost of less ...

RBI Changes Nothing, Which Spooks Markets

The Reserve Bank of India (RBI) today changed nothing, which nowadays is a big event in the markets. In the mid-quarter policy review, RBI has said a lot of ...