Mumbai: The government is planning to change the contours of a stock market investment scheme announced in the national budget that would qualify for income-tax…
Month: April 2012
Who could say the emperor is naked?
he downgrade of India’s rating outlook to negative from stable last week by global rating agency Standard and Poor’s, citing slow pace of fiscal reforms…
Anand Sinha | Non-performing assets have bottomed out
Mumbai: Reserve Bank of India’s deputy governor Anand Sinha, who holds the critical portfolio of banking and non-banking regulations and has been busy drafting new…
FirstRand to use e-wallets to penetrate retail
Mumbai: FirstRand Ltd, the second-largest bank in South Africa in terms of assets, has launched retail and commercial banking operations in India. To begin with,…
A gamble on growth
The bellwether equity index of BSE, the Sensex, rose 1.21% on Tuesday and the exchange’s banking index, Bankex, rose just about 0.79%. Indeed, 10-year bond…
D. Subbarao | We are not ruling out a rate increase
Mumbai: Reserve Bank of India (RBI) governor D. Subbarao said in an interview that the decision to cut the policy rate by 50 basis points…
A cut without conviction?
In many ways, the annual monetary policy for fiscal 2013, to be unveiled on Tuesday, will be one of the toughest for D. Subbarao since…
RBI must innovate to manage crunch
We are a week away from the Reserve Bank of India’s (RBI) annual monetary policy for fiscal 2013. Two sets of critical data—factory output for…