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…
Category: Blog
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…
Raise provisions to keep banking healthy
The Reserve Bank of India (RBI) did two interesting things on Friday. One, it bought Rs 4,582 crore government bonds through its so-called open market…
Will RBI bite the bullet next month?
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…
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…