RBI’s Interest Rate Cut Is Utterly Inapt Response To Coronavirus Crisis

A nation is facing a health crisis. Everyone, be it in government or private jobs, is hearing about salary cuts, worse layoffs. Self-employed, white-collar or blue-collar, have no idea when their next earnings will come through. Wherever one looks, only stories of anxiety and misery are to be seen and heard. The future is uncertain, […]

Yes Bank, SBI and RBI – The Unanswered Questions

Supposedly, the Reserve Bank of India (RBI) has acted swiftly in the Yes Bank issue. State Bank of India (SBI) has been roped in as the white knight. The Finance Minister has said that the depositors will be protected at all cost. RBI has said that the issue will be resolved within the outer limit […]

Interest Rate Cut Obsession Is Hurting Indian Economy

Indian Economy is not growing. What has to be done? Interest Rate Cut. GDP growth is not 7%. What has to be done? Interest Rate Cut. Automobile sales is declining. What has to be done? Interest Rate Cut. The population of monkeys on theĀ IRMA campus is decreasing. What has to be done? Interest Rate Cut. […]

Subhash Chandra Garg VRS: What Could Be Reasons And Implications

Subhash Chandra Garg, the blue-eyed boy of Narendra Modi Government was unceremoniously shunted out as Finance Secretary. He was the person responsible for Urjit Patel’s ouster. Viral Acharya left because of him. He was promoted as Finance Secretary as recently as March 2019, just 4 months earlier. What could be the reasons for the sudden […]

What Viral Acharya Resignation Tells About Him, RBI, Markets, GoI and Us

When Urjit Patel resigned in December 2018, it was a foregone conclusion that Viral Acharya will follow suit. The fact that he took six months to move on was a surprise. I suppose Viral Acharya’s resignation is the last of the lot in Modi 2.0. There are not going to be any more Raghuram Rajan, […]

Does RBI Rate Cut Really Help Indian Economy?

RBI has had another round of interest rate cut on 4th April 2019. What needs to be done to boost the Indian economy? What is the universally accepted answer to which RBI under Shaktikanta Das keeps obliging? Share Market at Historical Highs Sensex has crossed 39000. It is the historical peak for the Indian share […]

Jet Airways Rescue by Government of India: Socialism At Best

If there was ever a doubt whether Government of India is capitalist or socialist, the Jet Airways saga puts all the suspicions to rest. We have a rational private investor – Etihad who wants to take the first flight out of the company. At the same time, there is a Government of India who wants […]

5 unanswered questions for SBI bailout of Jet Airways

Jet Airways has lurched from one crisis to another throughout its existence. The noteworthy aspect is that it has always managed to survive whatever the crisis is. The latest mess for the airline is its inability to pay for the lease of its aircrafts and they getting grounded one after the other. A company is […]

Modern Retail Myths in India

Every now and then we come across the reports about the size of the modern retail in India. The experts and the analysts will predict the size of the modern retail in India in some years to come. It will be mentioned in these reports that the modern retail in India is growing at such […]

Indian Banks Win, Savings Account Customers Lose

Each of the Indian banks has a tag-line that has something to say about the customers. Each of the Indian banks runs marketing campaign, once in a while, that has something to say about the customers. They speak about the primacy of the customers – how they care about the customers, how customers are central […]