In some instances, SEBI seems to have inflicted self-goals, passed creative directions and it is unlikely that they will stand up to the test of legal scrutiny.
A whistle-blower has claimed that MCX data shared with IGIDR was accessed by Ajay Shah, who has also been named in the NSE algo trading scam.
Close to a 100 CFOs spent two and a half days huddled at the Fairmont in Jaipur, debating the thought provoking theme 'An Edgy New World'. ...
In August, the Reserve Bank of India (RBI) today granted in-principle nod to 11 payment banks applicants. The RBI had received 41 applications for payments banks.
Rahul batted for “net neutrality†and again alleged that the government was on the side of corporates in this fight too.
The four factors that will decide RBI governor Raghuran Rajan's report card for 2014 will be inflation,monetary policy, bond-currency-derivatives nexus and Indian Financial Code.
Muzzling authors and journalists is the oldest trick in the book for corporate groups and it is indeed surprising that a high court can grant an ex parte stay when the highest court in the land has made a series of negative comments on the Group that go well beyond what any journalist may want to say about Subrata Roy's Sahara Group.
If we want high growth we have got to get inflation down. I feel that the RBI should be held accountable for delivering on low and stable inflation and they need to do more, says Ajay Shah of NIPFP.
Ajay Shah, Senior Fellow, NIPFP does not seem excited about what is happening in inflation. He believes that India has a long tradition of falling on inflation. “People are factoring in double digit inflation into their lives and it is not going to be easy to purge this inflation,†he said.
Ajay Shah, Senior Fellow, National Institute of Public Finance and Policy (NIPFP) feels that though the India growth story does not look so good with the economy entrenched in a scenario of high inflation and low growth, and quarterly results of most firms not so healthy, the Budget could be a game changer.
Ajay Shah, senior fellow, NIPFP says India is mismanaging its monetary and fiscal policies. "It doesn‘t do any good to monetary policy to try to blame fiscal policy. "
Ajay Shah, senior fellow, NIPFP believes that the central bank should now raise interest rates to fight soaring inflation. "I would have been horrified if there had been a rate cut. I personally think that it is time to raise rates. It is time to fight inflation," he said in an interview to CNBC-TV18.
The Finance Minister sees FY13 fiscal deficit at 5.1%. Ajay Shah, senior fellow at NIPFP says, there is a real fiscal problem and things are getting a bit worse. “Things will get worse, if the economy should slowdown,” he warns.
This week was a heavy one with industrial output data, November inflation and a credit policy. Experts decode all.
In India, NGOs are fashionable. It is almost never wrong, in the Indian discourse, to give more money and more functions to NGOs.
Ashok Jha, former finance secretary and Ajay Shah, senior fellow at NIPFP, in an interview to CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, shared their views on the government borrowing programme.
Ajay Shah, Senior Fellow, National Institute of Public Finance and Policy (NIPFP) believes the movement towards fuel price deregulation is necessary.
In an interview with CNBC-TV18, Ajay Shah, Senior Fellow, NIPFP gave his readings about the Indian economy. He spoke about inflation and IIP numbers. According to Shah, there is a possibility of second surge in inflation ahead, and this would be driven by non- food items.
In an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, Ajay Shah senior fellow at the NIPFP says that he is in favour of fiscal tightening to deal with inflation.