The Reserve Bank of India is not sure of how deep the bad loans problem of India's public sector banks runs. And from the looks of it, the central bank has finally gotten around to admitting the same and doing something about it.
Ultimately, the Federal Reserve has to ensure that the American economy continues to remain on a stable footing. If rising interest rates end up hurting the American economy, the FOMC will have to react accordingly. No Federal Reserve decisions are written in
The hope was that with money supply going up, interest rates would fall, companies and people would borrow and spend money. This would lead to a faster economic recovery. The idea, as always was, that America will spend its way out of trouble. But that is not
India's investment to GDP ratio "climbed from 26.5 percent in 2003, reached a peak of 35.6 percent in 2007, and then slid back to 26.4 percent in 2017." This is a huge fall of 9.2 per cent from the peak.
It's better to get rid of pakodanomics as soon as possible and concentrate on the real problem of creating the right environment which will help the real entrepreneurs create genuine employment opportunities for India's youth.
This new study has caught the imagination of the media and the politicians in power and is being flagged all around. If seven million jobs are being created in the formal sector every year, India does not have a jobs problem.
Every year, before the annual budget is presented, suggestions are made to scrap the income tax paid by individuals. The logic typically offered is that the individual income tax forms a very small part of the total taxes collected by the government, and
The government owned airline Air India has been losing a lot of money over the years. Take a look at this table, which lists out the obscene losses of the airline over the last few years
The law of demand basically states that there is more demand for something when prices are low and vice versa. This clearly does not work in case of the stock market. A bulk of retail investors get attracted to it, only after the market has become fairly
If the government keeps rescuing banks what is the signal they are sending out to bank managers and borrowers? That it is okay to lend money irresponsibly given that governments and taxpayers will inevitably come to their rescue.
"This time is different," is an argument that is often heard whenever an asset class is selling at peak valuations. And this is the argument that is now being made when the Indian stock market is at extremely high valuations.
Public rallies against imported Chinese goods are held quite regularly these days across different parts of the country. But, India's dependence on Chinese goods has only grown over the years.
India's Tax System Needs an Immediate Reform
The GST on restaurant bills was recently cut to 5%. Earlier it was 12% to 18% depending on whether the restaurant was air-conditioned. Hence, the cost of eating out was expected to come down, with the rate being slashed. Nevertheless, nothing of that sort
If prices have fallen by 25%, why are real estate transactions not happening? Why has the total number of unsold homes of real estate companies only continued to grow? It is worth remembering here that a 25% fall within a year, is a huge fall. Falls like
It is almost impossible to carry out any transaction with the government without an Aadhar card. But, while ordinary citizens, like you and I, need to keep showing and linking our Aadhar card everywhere, the same does not apply to politicians and political
Prime minister Narendra Modi will visit Gujarat the third time this month. In the run-up to the state assembly elections, he will inaugurate and lay the foundation stones to a number of projects. Modi's multiple visits to Gujarat have led to the question - is
Conventional wisdom says an interest rates rise is bad for stocks - especially "risky" ones like emerging market stocks. But the truth might surprise you...
This dip in proportions is being passed off as an achievement and a fact that the nation has become more honest. However, the link between a low cash to GDP ratio and low corruption is very weak. It is something that the Modi government has invented to build
If the idea is to eliminate black money, why are political parties allowed to collect donations in cash, in this day and age. If the idea is to encourage digital transactions, why can't PM Modi and the BJP, set an example on this front and ensure that the BJP
Vivek Kaul – Vivek Kaul’s Diary (India) – One of the examples of Big Government I have in my book India’s Big Government is that of government owned public sector banks. (The good news is that the book is available at a huge discount
Vivek Kaul – Vivek Kaul’s Diary (India) – I am in Delhi these days. And Delhi and the National Capital Region around it, as you would know, dear reader, have their share of real estate stories. There are stories of builders who have taken
Vivek Kaul – Vivek Kaul’s Diary (India) – Has Arun Jaitley Been Reading India’s Big Government? Oct 23, 2017 Self-employment is the new buzzword in the Narendra Modi government. And it is going to rescue the one million youth that are
Vivek Kaul – Vivek Kaul’s Diary (India) – Dear Reader, First and foremost, here is wishing you and your family a very Happy Diwali. One of the questions that I keep getting asked about my new book India’s Big Government-The Intrusive