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707 ArticlesEconomy

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Weekly Inflation at 12.11% (PA), Huge Revisions

Primary Articles and Fuel Inflation are going up yet again. Primary articles was up 12.11% from last year and Fuel was up 13.53%. And then, Look at the past ...

RBI: Banks Can't Invest >10% of Net Worth in Liquid Funds

In the Monetary policy yesterday (see longer post) RBI has said that Banks can’t invest more than 10% of their net worth into liquid mutual funds. ET has ...

RBI Raises Rates, Tightens Policy

In the annual policy statement release, RBI has significantly changed its stance from "We don’t want to tighten too much and hurt growth" to ...

IIP is up 3.56% in Feb

India’s new IIP data was released recently and here you are with the charts: As you can see, the problem is mining: the growth is just 0.59%. There is a ...

RBI Ups Repo to 6.75%

RBI today increased the Repo rate by 0.25% to 6.75%. Repo is what banks pay the RBI for overnight (1 to 3 days) borrowing. Reverse repo, or what the RBI pays ...

Primary Articles Inflation on 19 Feb 2011: Down to 14.85%

A sharp drop was seen in primary articles inflation over last year, with the 19 Feb number going to 14.85%. You see that spike in the middle? That’s the ...

India Composite PMI goes to 61 from 59.6 in Feb

HSBC India Composite PMI has gone to 61.0, up from January’s 59.6. Services has strongly increased the PMI – the composite is a mix of the ...

Budget: Mutual Fund Dividends To Companies at 30% Dividend Tax

Now for an interesting hidden (i.e. not yet spoken about) aspect of the budget. According to the finance bill, any income distributed by debt funds to ...

NPS Gets a Tax Saving Fillip in Budget2011

The Central Government pays 10% to the National Pension Scheme (NPS) for all its employees, with employees putting in another 10%. Even private employers may ...

Budget2011: No Need For Salaried Employees To File Returns?

There’s a lot of talk about whether salaried employees will not need to file returns, because Pronob-da mentioned something in the budget speech. What he ...