The chain of recent rate hikes by RBI, including the one yesterday, is going to hit the pockets of middle class severely. The increase in repo and reverse repo rates will make owning homes and cars dearer, putting pressure on middle class to stay where they are in terms of infrastructure and lifestyle. This will …
Category Archive: Economy
Mar 17 2011
Mukesh Ambani on Bank of America Board
Bank of America named Mukesh Ambani as board member. Read here and here. He is the first non-American board member of the bank. This membership speaks a lot about the changing face of global economy. Not very long ago, companies in India are working extra hard to rope in directors from western economies to leverage …
Feb 27 2011
Railway Budget
This year’s railway budget is not at all impressive. Especially for the state of Andhra Pradesh, the amount of budget allocations are very poor. For example, a project with a few hundred crores of estimate is allocated with about a crore of budget. This budget never focused on any of the infrastructure improvement projects in …
Feb 15 2011
Fees Reimbursement in Andhra Pradesh
The Government of Andhra Pradesh dilly-dallying on the fees reimbursement got ample wrath from Supreme Court. The Respected Court rightly observed that the Government can’t go back on something that it promised for such a wide range of public. I am personally against populist schemes that have potential to endlessly make holes to State exchequer. …
Sep 17 2010
EPF Interest rate hike: good or bad?
EPF board increased the interest rate on provident funds from 8.5% to 9.5%. Is this good or bad for the economy? While this may be a good news for salaried employees from a tax savings and retirement earnings stand point, it also creates a feeling that we as a country are going back to the …
Aug 04 2010
India, Blackberry and Interception
There is a potential way out from the standoff between India’s Government agencies and RIM. Read here and here. A potential interception capability might end the standoff here, but Government agencies getting a “Master key” is a distant possibility.
Jul 13 2010
Cashless Mediclaim
Slowly, the cashless mediclaim facility seems to be heading for an exit from the market. Late last week, the insurers started backing out from cashless facility in major metros. Now, there is a further blow on insured - a 10.3% service tax. This tax is going to have a chain effect. First, the newly introduced …
Feb 09 2010
Dow Down
And the moment I wrote about Dow’s stay above 10K, it sinks 1% to close at 9.9K range. Bad!
Feb 06 2010
Markets Around The Globe
Markets in Europe are causing ripple effects around the globe. India’s BSE has gone below 16K for the first time in many weeks. Despite all this, Dow Jones in US did an interesting feat. It closed above 10K for 3 consecutive months (since Nov 05th 2009) and that is interesting. I have a feeling that …
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