ECONOMY


Moneylife Digital Team 22 February 2012
The minister said there is an urgent need to broad base the investment climate in the country, but observed that 90% of capital market transactions are confined to just 10 cities Union minister for corporate affairs Dr Veerappa Moily, citing a report from Citigroup, said that there is an...

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Moneylife Digital Team 17 February 2012
Probabilities point to the largest default in history. The cumulative costs to bail out the tiny Mediterranean nation might cross 320 billion Euros, which is more than the GDP of Greece The unravelling of the Greek crisis has taken a toll on the European market sentiment of late. This has...

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R Vijayaraghavan R Vijayaraghavan 16 February 2012
RBI deputy governor Anand Sinha recently said that from 15% (of total loans of the banking system) the NPAs came down till 2008, but they have risen sharply by 91% or Rs46,670 crore between 2005-2006 and 2010-2011. The situation is serious and banks had better do something about it quickly

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Moneylife Digital Team 15 February 2012
While the EGOM is slated to meet again to finalise the ONGC stake sale plan, heavy industries minister Praful Patel said that the BHEL disinvestment may happen in the next fiscal New Delhi: With just one-and-half months left to meet the Rs40,000 crore disinvestment target for this...

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Moneylife Digital Team 24 January 2012
The central bank has also revised its growth estimate for the current fiscal at 7% from the earlier figure of 7.6%. It has projected inflation at 7% by the end of March, but added that fiscal slippages are a “significant threat” to the economy The Reserve Bank of India (RBI) in its...

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William Gamble William Gamble 23 January 2012
If the locals are getting out, it is probably not a good idea for foreigners to get in. Capital flight, like bad debts, is also one of the principal indications of the end of a credit bubble At first hunters rarely actually spot their quarry. They usually track them following various...

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Moneylife Digital Team 16 January 2012
Without a comprehensive oil conservation policy in place and prolonged indifference towards developing renewable energy sources, we may be heading for a catastrophe, say industry veterans Foreign publications are in a tizzy, analysing and commenting on the rapidly escalating petroleum...

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William Gamble William Gamble 16 January 2012
The success rate for predictions is less than 50%, but when it comes to making money, the best strategy is to veer away from the herd to find new and different pastures In the United States much of the consumer spending takes place before Christmas. In fact the day after the national holiday of...

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Veeresh Malik Veeresh Malik 11 January 2012
We do not see any rational debate or solution on that issue as yet. And that is where the flaw lies with the introduction of the new GST regime—there is no mention of the aspect of rationalising compliances as well as subsequent returns Recent news on ‘streamlining’ of the service tax regime...

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William Gamble William Gamble 09 January 2012
All government economic policies, especially protectionist measures, have unintended consequences. Sadly the demands of a few pressure groups easily outweigh the greater good Protectionist policies are very popular all over the world. Governments are quite fond of anything that favours their...

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William Gamble William Gamble 19 December 2011
Reforming laws and policies could be an enormous stimulus for any economy, but changing them is almost impossible. Every law creates systems of economic winners and losers. So without real reform, a global recovery is nowhere in sight The world is moving slowly into another recession. Europe is...

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Moneylife Digital Team 12 December 2011
Industrial output actually shrunk by 5.1% in October—a contraction which is the worst since March 2009, when the world was hit by a global slowdown India’s industrial output shrunk by 5.1% in October, mainly on account of the sharp contraction in the manufacturing and dismal performance of...

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William Gamble William Gamble 12 December 2011
 This desire to punish rather than co-operate ensures that the ongoing crisis continues and continues to get worse. Credit remains tight, capital flight from the Eurozone is becoming a real problem and Standard and Poor’s will most likely downgrade several member states Like most investors I...

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Moneylife Digital Team 07 December 2011
Europe, with its tens of religions, hundreds of mutually exclusive cultures and millennia of hatred, was at the centre stage of the bloodshed that took place during the first two World Wars. Will history repeat itself if the Euro breaks? UBS hints at it The Eurozone debt problem is turning...

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Moneylife Digital Team 30 November 2011
The government has attributed the decline to the poor performance of manufacturing, agriculture and mining sectors Confirming the indications of an economic slowdown in the country, India’s gross domestic product (GDP) grew by 6.9% in the second quarter this fiscal in comparison to an 8.4%...

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Moneylife Digital Team 09 November 2011
For the Italian economy, growth and austerity are not enough to offset cost of debt. Italian Prime Minister Silvio Berlusconi has pledged to resign in the wake of a crisis in the Italian economy. But analysts from Barclays say that the economy is mathematically beyond point of return. The...

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Moneylife Digital Team 03 November 2011
Italian PM Silvio Berlusconi has failed to issue growth measures demanded by the EU ahead of the Group-20 summit. Can Italy’s regime pass economic reforms which can restore investor confidence? Don’t bet on it The acronym PIIGS (Portugal, Italy, Ireland, Greece, and Spain) seems to have a...

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Moneylife Digital Team 16 September 2011
The Reserve Bank of India continues with its monetary tightening measures to control high inflation, notwithstanding concerns over economic slowdown The Reserve Bank of India (RBI) today hiked interest rates for the 12th time in 18 months and maintained that its monetary stance going forward...

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Moneylife Digital Team 16 September 2011
The Reserve Bank of India continues with its monetary tightening measures to control high inflation, notwithstanding concerns over economic slowdown The Reserve Bank of India (RBI) today hiked interest rates for the 12th time in 18 months, saying that its monetary stance going forward will...

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Moneylife Digital Team 16 September 2011
Reserve Bank of India continues with monetary tightening despite slowdown The Reserve Bank of India (RBI) today hiked short-term rates by 25 basis points (bps), persisting with its anti-inflationary monetary tightening measures. The RBI announced it was hiking the repo rate (the rate at...

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