BUSINESS
Opinion | You can't wish away deep-rooted systemic problems by merging PSU banks
If the intent is to clean up the banking system and prevent recurrence of the bad loan problem with alarming regularity, a merger is a non-solution
BUSINESS
Opinion | Govt measures to stem rupee fall to have unintended consequences
The current fall in the dollar-rupee has more to do with global factors than local. However, a deep surgery is needed. That would include structural reforms that will boost exports and prompt more stable foreign inflows in the form of direct investment
BUSINESS
Opinion | SEBI should rethink foreign portfolio investment norms
The Asset Managers Roundtable of India has said that SEBI’s measures could lead to an outflow of $75 billion in FPI. That’s a hefty chunk of the $425 billion of assets under custody
INDIA
Opinion | 10 things to know from Reserve Bank of India's annual report
After the Punjab National Bank fiasco, the value of frauds in the Indian banking system has expectedly risen to Rs 41,000 crore in 2017-18.
BUSINESS
Opinion | The moral hazard of agreeing to the power sector's demands
The government should focus on hard reforms for power sector instead of a bailout
BUSINESS
Opinion | Jerome Powell spoke like a dove, but appearances can be deceptive
The choices confronting US monetary policymakers are difficult and present a big danger to emerging markets like India
BUSINESS
Opinion | Let RBI do its job: Centre should stop pushing ad-hoc policy changes
If the government amends the RBI Act to force the central bank to cough up more dividend, it will set a dangerous precedent
BUSINESS
Opinion | Jet has to make tough calls to ride out turbulence
The Jet management has to take tough calls, and soon, to restore credibility. Investors will respect that rather than the chairman’s feelings of guilt and embarrassment.
CURRENT-AFFAIRS-TRENDS
Opinion | IMF says Indian economy an 'elephant starting to run' but here's what could trip it
IMF has recommend that India substantively reforms areas such as land and labour markets to increase productivity, improve investments and create jobs
BUSINESS
Opinion | New courts for IBC will help, but more needs to be done
Resolving insolvency cases speedily is necessary to clean up the balance sheet of both banks and corporate India and is a key condition to kick-start bank lending and boost private investment demand
BUSINESS
Opinion | An earnings recovery is underway but real risks abound
Leading indicators are showing a moderation in demand, at least for the current (July to September) quarter. For instance, Nomura’s composite leading index, fell for the first time in six quarters.
BUSINESS
Opinion I After rate hike, RBI gears up for period of uncertainty
The tone of the statement though is less hawkish than previous ones and seemingly at odds with both the rate hike and projections for inflation for the next three quarters.
BUSINESS
Opinion I Why RBI will likely raise interest rates on August 1
Why will the decision be a close call? It depends on how one looks at the flow of data since the rate setting panel’s last meeting in June ranging from inflation numbers to recent stability in financial and oil markets
BUSINESS
Opinion | There’s a need to develop corporate bond market, but SEBI’s proposal is regulatory overreach
Forcing firms to mandatorily switch their borrowings is neither advisable nor sustainable without any thought given to who would buy this fresh supply
BUSINESS
Opinion I What HUL and Bajaj Corp results say about the rural economy
Greater clarity on the sustainability of this pick-up will emerge once more rural wages data is available.
BUSINESS
Opinion |How reckless states will hit stability and investment, which may spur higher rates
In 2017-18, the gross fiscal deficit of states was reported at 3.1 percent of the gross domestic product (GDP) compared to a target of 2.7 percent, according to Reserve Bank of India data.
BUSINESS
Opinion | Hope trumps reality in new NPA resolution framework
A committee of bankers from state-owned lenders will hope that there is a large market of private investors waiting to buy stressed assets.
BUSINESS
Opinion | Has IRDAI failed to protect policyholder interest by okaying LIC-IDBI deal?
The insurance regulator must clearly spell out the reasoning for allowing this stake increase and whether it is a one-off.
BUSINESS
Opinion | Rupee fall makes case for rate hike in August
A weaker rupee and rising crude prices could lead to imported inflation and make the case for the central bank to be more cautious.
BUSINESS
Opinion | Why Vijay Mallya must be made to face the law even if he settles dues
A financial settlement with Mallya will give confidence to businessmen who have had serious financial fraud charges against them that they can buy their way out of a jail term.
BUSINESS
Opinion | OPEC decision unlikely to bring much relief to India for now
Brent crude prices rose 2.56% to nearly $75 a barrel soon after OPEC's announcement, which indicates that the market had discounted a 1 mbpd raise in output and had expected more.
BUSINESS
Opinion | Asset reconstruction company for power sector doesn't do away with need for deep reforms
In a country which is no stranger to periodic bailouts of state electricity boards, it is now thermal power producers who are battling high debt and operating at low capacity utilisation.
BUSINESS
Opinion | Like Kochhar, the ICICI Bank board should go on leave, but permanently
Ever since the conflict of interest allegations emerged against Kochhar, the board has acted as if it was the personal defence team of the embattled CEO
MARKETS
Opinion | Are Indian markets prepared to deal with increasing global stress to the economy?
Rising crude oil prices, a worsening current account deficit, and a slowdown in foreign investment inflows threaten to upend economic recovery.
