BusinessLine

Section: Articles
By: Himadri Bhattacharya
Publisher: BusinessLine
The dividend pay-out of Rs. 1,75,987 crore from the RBI to the government for 2018-19 follows a paradigm shift in the way RBI’s requirement of economic capital is viewed, calculated and supplied as also an accounting rule tweaking to ensure higher income from forex transactions. To understand the... read more
Section: Articles
By: Arun Maira
Publisher: BusinessLine
The numbers are in and uncontested this time. The growth of the Indian economy, until recently celebrated as the world’s fastest, has slumped to only 5 per cent. Alarm bells ringing, the government’s fire-fighters are out. The government wants investors to invest more, to grow the economy to $5... read more
Section: Articles
By: Ranjit K Pattnaik
Publisher: BusinessLine
There has been an animated debate since August 26, 2019 on the decision of the Reserve Bank of India (RBI) to transfer its surplus under section 47 of The RBI Act, 1934. The amount is Rs. 1,75,987 crores, which amounts to around 0.8 per cent of GDP. Such a transfer is unprecedented in RBI history.... read more
Section: Articles
By: Arun Maira
Publisher: BusinessLine
India wants to grow its economy to US$ 5 trillion. People want jobs and their incomes to grow. India needs its industrial sector to grow to absorb the millions of people coming off agriculture as they will with productivity in the agricultural sector improving. India cannot rely only on its service... read more
Section: Articles
By: Himadri Bhattacharya
Publisher: BusinessLine
That the Monetary Policy Committee will reduce the policy rate for a fourth time in a row was in no doubt. Most expected a cut by 25 basis points, although there were a few who hoped for a more aggressive decrease by 50 basis points. The actual outcome was a cut in the rate by 35 basis points, to 5... read more
Section: Articles
By: Ranjit K Pattnaik
Publisher: BusinessLine
The Union Finance Minister in her maiden budget speech on July 05, 2019 has made a significant announcement in paragraph 103 that reads: “India’s sovereign external debt to GDP is among the lowest globally at less than 5%.The Government would start raising a part of its gross borrowing programme in... read more
Section: Articles
By: Arun Maira
Publisher: BusinessLine
Objections to Greenpeace’s strategies by Extinction Rebellion (XR), the environmental movement whose supporters occupied Greenpeace’s offices last year, as well as its own successes, highlight contrasts between the strategies of organisations and citizens’ movements. Loose citizens’ movements are... read more
Section: Articles
By: Himadri Bhattacharya
Publisher: BusinessLine
The full budget for 2019-20 presented on July 5 did not contain the kind of stuff that would fire up the financial markets and cause a rush of adrenaline in taxpayers and investors. In that sense, and in many others, it was not similar to budgets in the past. And what is a good thing for the sake... read more
Section: Articles
By: Ranjit K Pattnaik
Publisher: BusinessLine
While presenting the budget the Finance Minister (FM) recognises that NBFCs play an extremely important role in sustaining consumption demand as well as capital formation in the small and medium segment. In this context the FM mentioned that NBFCs that are fundamentally sound should continue to get... read more
Section: Articles
By: Arun Maira
Publisher: BusinessLine
Economists are confused about the health of the Indian economy. Firstly, statistics of the economy are unreliable. Methodologies for measuring growth and employment have been changed. Comparisons with the past are no longer straight-forward; trends cannot be gauged accurately.Secondly, the... read more

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