BUSINESS
Manufacturing can’t give growth the desired thrust
Policymakers have been wanting to raise the share of manufacturing from 16 percent to about 30 percent over five years. Given the current levels of value addition, this would imply an increase in output by almost 90 percent, which works out to a 14 percent annual growth
BUSINESS
There’s more to the fall in households’ net savings than meets the eye
The household sector includes not only family households but also farm households engaged in agriculture and all unincorporated enterprises in industry, trade and services. The informal sector is known to be sizeable though no reliable data on savings or liabilities is available
BUSINESS
No major changes in RBI’s draft guidelines on wilful defaulters
Given that there are enough processes to identify wilful defaulters, the need for a specific process to identify wilful default seems superfluous, but perhaps an acquiescence to the principles of natural justice
BUSINESS
Rates, Risks and Ratings: Indian banks emerge more resilient than the US ones
India’s financial system also went through rate hikes around the same time as in the US. But there were hardly any ripples, as the financial system is bank-led, which means that interest rates work mainly through credit and banking channels
BUSINESS
Backstop fund for corporate debt may prevent Franklin Templeton-like crisis
The CDMDF, though positioned as a corporate bond market development initiative, looks designed more to bail out stressed mutual fund debt schemes and prevent a systemic crisis
BUSINESS
Convertibility needs to precede the internationalisation of the rupee
There are other important prerequisites for achieving internationalisation — the existence of deep and well-functioning domestic financial markets, a trusted legal framework for contract enforcement, low inflation, and stable and predictable macroeconomic policies
BUSINESS
Financial Stability Report: Write-offs improved asset quality
BUSINESS
Should RBI be so optimistic about growth?
BUSINESS
RBI report makes some sound recommendations on improving customer satisfaction
BUSINESS
Growth worries loom over June MPC meeting
BUSINESS
Why an SVB-type crisis is unlikely in India
BUSINESS
SEBI's attempts to improve corporate governance are also an unending battle against tech smokescreens, business complexity and rogue elements
BUSINESS
Rs 2,000 Note Withdrawal: Storm in a teacup but what purpose did the note serve all these years?
