BusinessLine

Section: Articles
By: Jagdish Rattanani
Publisher: BusinessLine
Fund managers and shareholders work with a different agenda governed more by higher profits and rising stock prices in the near term, not necessarily the long-term view that Polman brought into fashion at Unilever.
Section: Articles
By: Ranjit K Pattnaik
Publisher: BusinessLine
The penultimate monetary policy for fiscal 2018-19 has maintained status quo on the policy repo rate at 6.5 per cent but what stands out is the clarity with which the MPC resolution and the RBI leadership has spoken this time on critical areas like liquidity, volatility in retail inflation, growth... read more
Section: Articles
By: Himadri Bhattacharya
Publisher: BusinessLine
The fifth bi-monthly meeting of the MPC of the RBI in the current fiscal was billed to be a non-event since just about everyone was certain that the policy repo rate would be kept unchanged at 6.50%. It turned out to be not exactly a non-event although the MPC kept both the policy rate as also the... read more
Section: Articles
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Publisher: BusinessLine
The crucial Nov.19 board meeting of the RBI, which threatened at one point to be an eyeball-to-eyeball confrontation, has passed without any fireworks and that in itself is some good news. At an institution like the RBI, it is never comfortable when the board confronts the Governor and the... read more
Section: Articles
By: Himadri Bhattacharya
Publisher: BusinessLine
Over the last few years, there have been demands for the use of the RBI’s internal reserves for fiscal purposes, like recapitalisation of PSBs and higher dividend payments to the government. The previous RBI Governor was fairly dismissive of this idea. It appears that the present leadership of the... read more
Section: Articles
By: Ranjit K Pattnaik
Publisher: BusinessLine
It is barely two years since Urjit Patel took charge as Governor of the Reserve Bank of India. Viral Acharya, the Deputy Governor, has spent even less time in his post. The appointments came soon after the exit of Raghuram Rajan, whose term as Governor was not extended amid an unseemly row whipped... read more
Section: Articles
By: Himadri Bhattacharya
Publisher: BusinessLine
At the heart of the rift is an uneasiness and some alarm in the bureaucratic and the political circles that PCA will accelerate the loss of market share and cause further decline of the position of the PSBs in the financial system in favour of private banks and foreign banks.
Section: Articles
By: Arun Maira
Publisher: BusinessLine
Some economists are vigorously churning out statistics to prove that the Indian economy is generating enough jobs. Some of them are also challenging the thesis that inequalities are increasing. In fact, some even suggest that inequality does not matter! Their statistics-laden arguments remind one... read more
Section: Articles
By: Himadri Bhattacharya
Publisher: BusinessLine
The MPC of the RBI caught almost everyone by surprise by keeping the policy repo rate unchanged at 6.5 per cent in its fourth bi-monthly meeting for 2018-19 by a 5-1 majority. However, it changed its stance from ‘neutral’ to what it called ‘calibrated tightening’. An overwhelming majority of market... read more
Section: Articles
By: Usha Thorat
Publisher: BusinessLine
The change in stance from neutral to “calibrated tightening” also puts to rest any speculation about cut in rates and clearly sends the message that the pause in the rate move is just that — a pause. The rationale for a “flexible” inflation mandate has been fully vindicated by this decision. While... read more

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