Producer Price Index (PPI) – Is It Better Than WPI??
Inflation is core of any discussion on economic & policy issues as any increase in price affects the entire nation. This also prompts economists to strive to find as precise…
Government Infrastructure Projects – The Progress & The Delays
Government’s thrust on speedy implementation of infrastructure projects seem to gaining momentum with 330 projects getting completed during FY23. This contrasts with average of 80 till FY18. Yet, large number…
Analyzing Corporate Tax Exemptions
Tax exemptions for the corporate sector have become a curse considering the huge amount of tax being forfeited by the government. More so, since the large corporates are claiming more…
Monetary Policy – Is this the Peak of Current Cycle?
The decision of Monetary Policy Committee (MPC) to raise repo rate by 35 basis points (0.35 percentage points) in its meeting today was on expected lines. However, what is worth…
Monetary Policy – Regaining the Lost Ground
The decision of Monetary Policy Committee (MPC) to raise repo rate by 50 basis points (0.5 percentage) in its meeting today was a “no-brainer”. That it comes within just five…
Has Inflation Targeting Delivered??
The Monetary Policy Committee (MPC) completed five years of existence in September this year. The committee was mandated to maintain CPI inflation within band of 4%+-2%, called Flexible Inflation Targeting…
The ‘Bad Bank’ – Understanding the Structure
National Asset Reconstruction Company Ltd (NARCL), or the ‘Bad Bank’, finally received license from RBI yesterday, a proposal floated during the last budget. The formation of government backed NARCL is…
Towards Better Corporate Governance – Strengthening Audit Framework
The decision by two of the top audit firms not to take non-audit work for their audit clients, is the culmination of regulatory efforts to improve the standard of corporate…
Operation Twist! – Understanding RBI’s Latest Move.
In an interesting move, RBI conducted simultaneous sale and purchase of government bonds today. (The announcement for the same was made last week). Even though it is normal practice to…
The Rate Cut Pause – Defending the RBI Governor!
The monetary policy committee (MPC) in its meeting today decided to take a pause on the rate cut, quite against the market expectation. However, the difficulty faced by the RBI…