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.
INDIA
Opinion | RBI monetary policy review: A message lost in translation
The market would have preferred a more orthodox approach where the RBI would have hiked rates to support the rupee
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
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
