Needed, a master plan to deliver oxygen, ventilators and medicines to beat COVID-19
The irony is that the skill for such a plan not only exists in India, but has already been working with the government in another sphere and is now using that model to deliver oxygen
Moneycontrol Pro Weekender | Where wealth accumulates, and men decay
While the virus rages no end, asset valuations are skyrocketing on the back of ample liquidity and low interest rates
The Reading List: May 7, 2021
A selection of articles and social media gems from the world of economy, business and finance
Secrets about mutual fund investing which experts do not tell you
We’re all told when it is the right time to make an investment; seldom are we told when to sell our investments to maximise our returns
COVID-19 and Foreign Policy | India must review its policy of accepting foreign aid
This is a time for India to be discriminating in accepting aid and exercising discretion can avoid regrets in future. Accepting aid with which controversial Indian origin politicians abroad are associated has its risks
Ajit Singh | An unlikely politician who went on to become a veteran leader
It was the 2013 Muzaffarnagar communal riots which effectively ended Ajit Singh’s political career. In his backyard of Western Uttar Pradesh, Jats and Muslims were pitted against each other in these riots, and his entire vote base switched to the BJP overnight
Moneycontrol Pro Panorama | Commodity prices reach for the sky
In today’s edition of Moneycontrol Pro Panorama: Tailwinds for global trade, the commodity scorcher, Weekly Tactical, Coforge’s growth code, blind spots in global financial system and more
Fed warns of hidden leverage lurking in financial system
The central bank points to the collapse of Archegos Capital as an example of hidden vulnerabilities
Chart of the Day | Loan repayments holding up in April despite lockdown
The bounce rate, or the percentage of transactions where a request for payment was unfulfilled, hasn’t fallen significantly
Chart of the Day | Commodity prices are not looking back
The Bank of Canada Commodity Price Index is up by 86 percent over a year ago
Will high Baltic Dry Index and its correlation with markets hold this time?
A high Baltic Dry Index this time around has more to do with supply-side issues and logistical logjam hurdles which will keep inflation high
How big is the risk of employee absenteeism for IT services companies?
L&T Technology Services offered subdued revenue guidance for the current fiscal while Cognizant pointed to demand fulfilment challenges last quarter
West Bengal Results | Victory margins show the depth of TMC’s victory
The TMC increased its tally of seats won, by two to 213 and its vote-share galloped to 48 percent. This victory was achieved against the BJP, which is believed to have the best election machinery in India
India-UK trade initiative — A win-win for both
Strategic partnership with UK can be New Delhi’s template for future trade deals while Britain can benefit from India’s large market size and deep talent pool
Fed officials tamp down overheating worries
Fed officials have been clear for months that they expect prices to pop this spring and summer as the economy reopens but that they think the jump will prove temporary
Biden leans into plans to tax the rich
The US President is presenting the tax increases not simply as a method of paying for his sprawling agenda but as a policy goal, aimed at narrowing gaps in income and wealth
Moneycontrol Pro Panorama | Will patent waiver increase vaccine production? The jury is out.
In today’s edition of Moneycontrol Pro Panorama: A buy idea for investors, gainers and losers of recovery, the PMI maths, investment lessons from Keynes and more
Supply tailwinds lift sugar mill shares
Sugar mill shares are on a roll as rising prices and tight supply conditions are conducive to their profit margins
The US birthrate has dropped again. The pandemic may be accelerating the decline
Births declined by about 8% in December, compared with the same month the year before, a monthly breakdown of government data showed
Lessons in investing from John Maynard Keynes
The most obvious lesson is that failure is a good teacher
India-US Ties | Before sending aid, India got to hear Joe Biden’s rendition of America First
It was the collective outrage of the Indian diaspora that pushed the US administration to come forth and assist with aid on oxygen supplies, raw materials for COVID-19 vaccines, critical life-saving drugs and the like
West Bengal Results | The road ahead for Congress and Left is fraught with challenges
The loss of votes in its respective stronghold districts has created an existential crisis for both the Congress and the Left parties in West Bengal
Digital growth can provide momentum to India’s economic turnaround
The rapid embrace of technology across sectors ranging from education to healthcare shows that it is eminently possible for the digital economy to become the pace setter for a return to growth
The real estate sector will need government support to revive
The industry already has an unsold inventory of 7.05 lakh units, which would take four years for the developers to sell
Chart of the Day | PMI data show employment has been shrinking for a year
The recovery has led to an increase in profits and not in employment. That does not augur well for the sustainability of demand
