Vivek Kaul – Vivek Kaul’s Diary (India) – Get ‘India’s Big Government’ at Just Rs 199 Now Oct 18, 2017 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 State and …
Vivek Kaul – Vivek Kaul’s Diary (India) – No Honks in Bali – Lessons for Indian Tourism Oct 17, 2017 I recently spent a week in the island of Bali and was left really impressed with it. As soon as the taxi left the airport and moved
We have seen delusional optimism among India's real estate entrepreneurs. For the last five to six years, they have been saying that a recovery in the sector is just around the corner, and the fact that it hasn't happened yet because the RBI refuses to cut
Recently, the five associate banks of the State Bank of India, along with the Bhartiya Mahila Bank merged with the State Bank of India. Synergy was touted as a major reason. Here's why that's BS...
In a speech last week, Prime Minister Narendra Modi, offered several data points to show that all is well with the Indian economy. And those who didn't think so were essentially being needlessly pessimistic, he suggested. In this piece, I offer many data
In India, home builders are holding onto massive unsold inventories because they refuse to lower prices. Over-priced homes, lack of market interest, and unsold inventory - looks like this bubble has reached its peak.
Banks give out most loans against a collateral. Hence, to that extent the loans are secured and in case of a default from a borrower, the collateral can be sold and the loan amount can be recovered. Now, if only it was as simple as that.
India has a new Index of Industrial Production (IIP). It is bigger and according to economists who track such things, it is better than the previous one. The IIP basically gives growth estimates of three sectors-manufacturing, mining and electricity. The
Thanks to demonetization, the banks have received an influx of cash, which has kept interest rates low. But if people need to start buying homes again, lower interest rates just don't help enough. The home prices need to come down.
The state level politics thrives on the nexus between builders and politicians. In some states, builders are politicians and politicians are builders. It is difficult to differentiate between the two.
We now have nearly two decades of evidence that suggests that the new generation of private sector banks, which were first set up in the mid-1990s, are much more efficiently run than their public-sector counterparts. But will the banks actually do anything
How can any entrepreneur, which is what farmers are, not have a role in determining the price of what he produces, is something beyond my understanding? This comes from the socialistic attitude of government knows best, something that we haven't been able to
Since the beginning of demonetisation, the government has carefully worded its statements to make the effort sound successful. Similarly, the RBI uses words like accelerated and fast, when describing the dwindling money supply problem.
Flamboyant tycoon, Vijay Mallya, was arrested on Tuesday. He will likely be extradited back to India and prosecuted for loan fraud. While that's a good thing, Mallya's fraud is only a drop in the bucket for India's loan defaulting epidemic.
The cash shortage and the aftermath of the demonetization scheme have left Indians looking for new ways to make payments. Digital payments surged by almost 10% in March. Is this shift towards the new tech here to stay? Or is it just temporary?
The Indian government took 500 and 1,000 rupee notes out of circulation to make life harder for criminals and cash-hoarders. Then it introduces a 2,000 rupee note? Is Modi off his rocker or up to something else?
It’s clear that 2017 will be year of geopolitical tensions. And investors will have to cope with the consequences on the stock markets. What geopolitical forces are most likely to impact your investment returns?
By Vivek Kaul – The Vivek Kaul Letter (India) – Starting this week, once every month, I will write a Letter based on books. The thought here is to get to you, dear reader, some of the latest ideas going around. This week’s Letter is based on two
Over the last few days, there have been a spate of media reports about cash not coming out of ATMs. A quick look at currency circulation levels shows that they're at their lowest levels since demonetization. If the government decides not to print as much
Once the farmer sees a loan being waived off today, he will expect future loans to be waived off during future elections as well. Essentially, he will see little incentive to repay loans that he takes on in the future. Or as Reserve Bank of India governor
On the face of it, like many other government moves in the past, this seems like a good move. But the question remains: how will the government, and more specifically the Income Tax department, figure out that cash transactions of greater than $3,000 are
Hindi film lyricists have written songs for almost every situation that one can encounter in life. Including the government's recent waiving of farmer's loans. The title song of the movie Oh Darling Ye Hai India has the line: "Jo bacha nahi wo baant dia,"
Despite all the talk of cleaning up black money, recent amendments to the constitution ensure that the Indian electoral finance system will continue to remain as opaque as it's always been. Until politicians get serious, all this talk about corruption is
By Ankit Shah – Vivek Kaul’s Inner Circle (India) – The scariest novel that I ever read was George Orwell’s 1984. It’s a dystopian novel that narrates the story of a totalitarian state that has absolute control over every action and