Category: Economy, Markets and Macro Views

The year was 1991 a man was determined to change India’s Fortunes. He probably knew more than anybody else about the Economy and the State Finances and thus was put in-charge as Cabinet Minister of Finance and the scholar who assumed responsibility was none other than our honorable PM Dr Manmohan Singh.

However, in 20 years, things have changed a lot. Dr. Singh known as the Architect of Liberalization and Economic Policies is now a Puppet of Populist measures and a mute spectator to (more…)

For the past few months we hardly posted anything on this site except few tweets recommending to BUY Blue Chips when the Market Dips. Good News!!!. Last weekend Group of Ministers held a session in Mumbai to send feelers that Government is doing everything it can to get the Economy moving. We don’t believe them. Dalal Street Analysts flew to Delhi and spoke to Economic Advisors to the PM and lobbyists in Delhi who point to a clear unfreezing of the paralysis which had gripped the Government over the 6 months.

Five Major Areas where the Government is Determined to Move ahead are, (more…)

For the time being, Policy Makers in Europe have diffused the crisis with $1.4 trillion rescue package which is totally non-credible in my view since they don’;t detail on who would finance such a package. It is a bit alarming regarding the Governance Deficit and Policy Paralysis in India which may deteriorate further.

Voice of Delhi’s Political  & Economic Analysts
In my experience as a Sr. Analyst, I’ll say that the Top Indian Industrialists have the best information about the ongoing developments in Political and Offices of Policy Makers. The next (more…)

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…)