Dalal Street

RBI, in a surprise move, has finally deregulated the savings interest rates. RBI also highlights that India is amongst few economies where savings rate are still administered and that deregulation experience in other market has been favourable.

For Consumer – this means that Banks in India are free to offer higher interest rates on customers’ Savings Bank Accounts / SB Accounts. Until now they offered a fixed Interest Rate of something between 3% to 4%. (more…)

Ambit Capital known for publishing a Bold report on how the Government was Paralyzed and things would come to a standstill even before FIIs began to Sell has not cut India’s GDP Growth estimate for FY 2013 to mere 6.2%, lower than 2008 crisis level where India witnessed a growth of 6.8%. Consensus GDP is still at 8.0% but will likely be downgraded.

Ambit is concerned about the sovereign debt growing at a much faster pace than nominal GDP in that region points to (more…)

The Central Government is Paralyzed. Scam after Scam have been unearthed yet their is no sense of Shame or Embarrassment and the Greed for Power is at Peak. Bureaucracy / Secretaries [Brain Child of Indian National Congress] has acknowledged that they are not going to be hands on as their are being made scapegoats of Scams & Controversies [A Detailed Article will soon be posted on this]. Contrary to this, we would like to enlighten readers (more…)