As inflation rises, hopes of rate cuts fade
The upward revision in the inflation forecast, up to Q1 FY25, and the decision to tighten liquidity through the incremental cash reserve ratio (I-CRR) amply reflected Mint Street’s concerns
India must ignore Azerbaijan’s gripe over arms supplies to Armenia
India isn’t barred by any charter from supplying weapons to Armenia. Moreover, Azerbaijan exhibits lax regard for Indian sensitivities, especially on Kashmir, and treats Pakistan as a strategic ally. Now India is repaying Azerbaijan by the same coin in Armenia
Workforce worry — Can India push the learning curve up?
With 75 percent of the Indian workforce worrying that technology will replace their jobs, there is scope to pivot the country’s education system to cater to new-age skill requirements
Zuck and Musk show represents the trivialisation of business
The Musk and Zuck showdown reeks of the kind of megalomania that only billions can fuel. Two men engaging in the kind of braggadocio that would make a responsible teenager squirm
Chart of the Day: The message from RBI’s surveys
Consumers are feeling a little put out by the persistent inflation. Indians are still pessimistic about employment prospects and the optimism for one-year ahead prospects have dimmed too
No-trust vote: Warm-up exercise for the mega 2024 battle
The no-trust vote in Parliament gave us a preview of the strategies of the NDA and INDIA blocs for next year's general election and the issues on which the battle will be fought
An outline for judicial reform needs a close look
An extension in retirement age of judges will ensure those with greater experience and appropriate calibre stick around longer and help reduce the huge number of cases pending before the higher judiciary
If we play our cards right, India can grow rich before she grows old, says Neelkanth Mishra
Financial savings a big positive, and with right credentials, India can grow at 8 percent annually, asserts the renowned economist
Japan's BoJ miscommunicates with easy money policy under pressure
Shocks may be a feature — not a bug — of ultra-easy money in Japan
As MPC holds rates, RBI impounds excess liquidity to counter upcoming inflation surge
The upward shift in the inflation trajectory, with strong domestic growth impulses, also signals that the MPC can maintain and extend this pause over the rest of the year, provided that the actual inflation prints are in line with the projected path
RBI likely to delay rate cuts to Q2 of FY2025
The tone of the MPC document was more hawkish than the June 2023 policy statement, given the rising uncertainties being posed by both food and crude oil prices, and a particularly erratic monsoon distribution
Moneycontrol Pro Panorama | MPC Decision: Salad Days
In today’s edition of Moneycontrol Pro Panorama: India Inc records rising cash flows, signs of moderation visible in banking sector, healthcare service providers under the weather, Go First needs a change in strategy for revival plans, and more
MPC Meeting: RBI stays focussed on cooling inflation
Mint Road has been relentlessly communicating that the fight is far from over and the August policy review reiterates this stance
Is RBI’s CRR twist a one-time operational tool or a sign of more?
At the press meet following the release of the policy statement, Das said that the RBI has tools beyond the policy rate to respond to inflation and the incremental CRR is one of them.
Fitch was right: political dysfunction and reckless fiscal policy impair US debt
The dismissive reaction to a US downgrade was revealing. Fiscal trends and broken politics shouldn’t be discounted
Can Tesla’s magic survive without its wizard?
The CFO’s departure raises questions. The automaker has a shallow bench, and Elon Musk has a growing list of distractions
LEX: Lyft — fare cuts bring little cheer for Uber peer
Increase in riders comes at expense of revenue and profit for ride-hailing platform
N Vittal: Bureaucrat who made the software horse fly
It is important to remember this rare bureaucrat who helped make India an IT superpower. He rid two GoI departments handling software exports and telecom of their socialist hangover in the early 1990s and created the conditions that eased Indian software exports and allowed private entry into telecom
WeWork’s glass walls are starting to close in
The flexible workspace provider is running out of options — and cash. The company’s second-quarter results suggests the next 12 months will every bit as fraught as WeWork’s near implosion four years ago. Absent effective remedial action or another capital raise, it could be lights out
Chart of the Day: What do India Inc’s rising cash flows signal?
Free cash flows have jumped nearly three times between FY20 and FY23, setting the stage for new capex cycle
Soft summer season hits healthcare service providers
Fortis and Max Institute reported subdued sequential revenue growth in the June 2023 quarter
India's PC import restrictions provide neither carrot nor stick
This move to suddenly label items as restricted doesn’t even ban them, it merely adds to the red tape for PC businesses, which are still in a downturn cycle, and chary of making fresh manufacturing investments. Now an importer needs to register with the government then pay a 0.1 percent fee just to apply. There’s no guarantee if or when approval will be given
Three factors that prevent India and China from getting close
Bilateral trade between China and India will expand, but in today’s era politics trumps economics. Three structural factors – clashing zones of influence, China leveraging its asymmetry at the border, and India’s proximity to US – will keep the relationship difficult and volatile
Does money win the war — Inferences from the Russian push in defence expenditure
In uncertain war atmospherics, overt emphasis on defence spending is more about politics and marketing than an effective tool in war economy management
Delay in Go First’s revival plan calls for a change in strategy
It will be in the fitness of things that the CoC and the DGCA adopt a proactive approach; consider wresting the initiative from the RP as lenders have more at stake than other stakeholders with the risk of losing Rs 6,521 crore lent to the beleaguered airline
