Last week, while rolling back most of the fare hike proposals of his predecessor Dinesh Trivedi, railway minister Mukul Roy said he had to revise…
Month: March 2012
Stuart Davis | RBI may cut rates in June, not April
Mumbai: After a three-year stint as India CEO of The Hongkong and Shanghai Banking Corp. Ltd, Stuart Davis is heading to Hong Kong, the bank’s…
Where will the money come from?
The government will borrow Rs 5.7 trillion from market in fiscal 2013 to bridge an estimated 5.1% fiscal deficit. After taking into consideration redemption of…
Finance minister does a maintenance job
The budget is not disappointing—it’s not that it delivered; it’s because of the fact that expectations from Pranab Mukherjee were very low. His initial comments…
Will 15 Mar review be a non-event?
The 75 basis points (bps) cut in banks’ cash reserve ratio (CRR) last Friday is the second policy action outside a scheduled meeting of Indian…
Views | CRR cut won’t change interest rates
There is no surprise in Reserve Bank of India’s decision to cut banks’ cash reserve ratio (CRR) or the portion of deposits that commercial banks…
CRR cut imminent to ease cash crunch
The cash deficit in the Indian banking system rose to a record high of Rs 1.92 trillion last Thursday. This will rise further in the…