INDIA
100-Word Take | CBI: Who will guard the guards themselves?
Whosoever is appointed as the new CBI boss must, like Caesar's wife, be above suspicion.
BUSINESS
Quick Take | GST tweaks highlight that complicated structure needs to go
Current move may be good politics, but it also shows up shoddy implementation
INDIA
Opinion | When cows become white elephants
Often, policies with good intentions have costs and consequences not foreseen by policymakers
INDIA
Quick Take | PSU bank merger: When the government is a risk factor
Outright privatisation will be the best option for state-owned banks, but the least the government should do is consider overhauling governance and management structures.
INDIA
Quick Take | MSME restructuring will trigger new wave of NPAs
The MSME sector is clearly in stress after demonetisation and GST. But a loan recast is no solution. Simpler government regulations, structural reforms are key to MSME revival
BUSINESS
Quick Take | The worst’s over for PSBs, but the path ahead is still rocky
Bank profitability continues to erode and capital adequacy ratios are projected to come down. PSBs will continue to be hamstrung for growth capital for some time.
BUSINESS
Quick Take | End farm loan waivers; club farmer support schemes into basic income scheme
It’s well-known that farm loan waivers are nothing more than vote winning gimmicks and end up hurting the interests of farmers over the long term
BUSINESS
Quick Take | IIP numbers show growth tilting towards investment
In October, as in September, investment demand contributed more to economic growth than consumption did
BUSINESS
Quick Take | Political pendulum to keep markets swinging till Lok Sabha polls
For the Narendra Modi-Amit Shah combine, the message is that voters can’t be taken for granted and the electorate cares for issues such as economic growth and jobs
INDIA
Opinion | Urjit Patel's resignation a body blow to government credibility
Remember that Patel's is not an isolated case. His predecessor Raghuram Rajan had earned the ire of the same government and left because "there was no offer on the table."
BUSINESS
Quick Take | Kotak bats for time by filing case on stake dilution issue
RBI faces a Hobson’s choice: diluting the rules or granting more exemptions could be a loss of face; allowing Kotak to get away will leave it facing charges of favouritism.
BUSINESS
Opinion | This is the beginning of the end for OPEC
The declining influence of OPEC could be a game changer for oil importing countries like India
BUSINESS
Opinion | RBI's message is clear: Scope for rate cut only if govt adheres to fiscal prudence
The decision to maintain rates is consistent with what the monetary policy committee has been doing so far since the move to the flexible inflation-targeting framework.
BUSINESS
Quick Take | High real rates are a clear reason for RBI to pause
In any case, these factors and a growth slowdown, especially as rural distress deepens, should prompt the rate setting committee to reverse the monetary policy stance to neutral from the current mode of 'calibrated tightening
INDIA
Quick take | PMI numbers a ray of sunshine amidst Q2 GDP gloom
Manufacturing output showed the strongest month-on-month improvement in nearly a year driven by stronger demand, especially for consumer and intermediate goods.
BUSINESS
Opinion | In RBI-govt compromise, central bank gives more than it takes
Some of the steps the RBI will undertake as part of the agreement with the government will undo the progress made in the banking sector.
BUSINESS
Opinion | Help for MSMEs should go beyond opening credit channels
It is important that MSMEs get access to credit, but it should not come at the cost of banking sector's health.
BUSINESS
Opinion | RBI-govt spat is all about Centre's desperate push to boost growth in an election year
Leading indicators point to a growth slowdown.
BUSINESS
Opinion | Ruia offer threatens sanctity of insolvency resolution process
A 100 percent recovery for banks in the Essar Steel case could well mean a big blow to the sanctity of the insolvency resolution process.
INDIA
Opinion | The many dangers from coal shortages
The key reason for the coal shortage lies not so much in production, which has increased, but in transportation of the fuel
BUSINESS
Opinion | Diluting corrective action rules for NPA-laden banks a bad idea
What does the PCA framework do? It identifies banks which are facing troubles based on three quantitative parameters: capital adequacy, asset quality and profitability.
BUSINESS
Opinion | CVC analysis shows lending habits to blame for most bank frauds
The CVC analysis shows the lacunae in the credit appraisal and monitoring process.
BUSINESS
Opinion | A perfect storm in the NBFC space could roll over to other sectors, crimp growth
A default at some units of IL&FS exposed structural weaknesses in the debt market.
BUSINESS
Opinion | Tough love is welcome, RBI; but tell us why
The central bank’s handling of the Yes Bank case leaves much to be desired
