Mint

Section: Articles
By: Ranjit K Pattnaik
Publisher: Mint
The RBI Governor Urjit Patel has reiterated before a Parliamentary panel the central bank’s well-known position that its reserves are "for periods of stress and not for meeting normal needs." A committee is set to go into the issue of an “economic capital framework” (ECF), or the reserves... read more
Section: Articles
By: Harun R Khan
Publisher: Mint
Contrary to widespread expectations of an increase of 25 basis points (by 50 bps by some), the Monetary Policy Committee (MPC) has maintained the status quo on the policy rate. Despite turbulent market conditions and liquidity easing measures taken in the days leading to the policy, it changed the... read more
Section: Articles
By: Chetan Dalal
Publisher: Mint
The nation can afford nothing less than a full-fledged and transparent account of the letters so issued, the liabilities they raised, how many of such liabilities are still outstanding and how many of them stand extinguished and how. This is, in short, a fit case for a forensic audit across banks.... read more
Section: Articles
By: Saugata Bhattacharya
Publisher: Mint
The good news in this is that the synchronised global recovery and the lag in the conservative monetary policy response is likely to make the “risk-on” investor sentiment persist, thereby keeping capital flows to the most attractive global destinations active, and providing risk capital.
Section: Articles
By: R Gopalakrishnan
Publisher: Mint
Developing a consensus with the States and executing a national agenda is an urgent task of the Central government. Though GST is an important subject, I intuitively feel that if half the effort to build consensus for GST had gone into agriculture, the GDP benefits would have a higher impact!
Section: Articles
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Publisher: Mint
Weak investment demand would impede a higher growth trajectory. To top it, the predominance of consumption-led growth is a matter of serious concern in terms of sustainability. The soundness of the growth trajectory is under question.
Section: Articles
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Publisher: Mint
The overleveraged corporate sector, lack of better alignment of administered interest rates on small savings with market rates and stress in banks balance sheets remain cogs in the wheel for better policy transmission. These are structural issues which cannot be addressed by a policy repo rate cut.
Section: Articles
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Publisher: Mint
The fall in headline inflation rate is not generalised. Mostly, the deceleration is food centric, caused by the demonetisation effect of distressed sale of perishable goods by farmers coupled with lower demand due to wage shocks. The RBI has described it as an “abrupt compression in food inflation”
Section: Articles
By: Aneel Karnani
Publisher: Mint
The CSR law is inherently contradictory. Without a coercive enforcement mechanism, it is unlikely that the law will result in widespread compliance. In other words, ‘required’ CSR will remain largely voluntary, but give the illusion of progress. This is ‘greenwashing’ on a national scale.
Section: Articles
By: DN Ghosh
Publisher: Mint
If we are to grapple with the recurring problem of non-performing assets and continue uninterruptedly with pushing social sector lending and infrastructure development, the polity has to act innovatively: there has to be a partnership, so to speak, between the state and the financial system.

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