As the RBI prepares to announce the outcome of the MPC meeting on Thursday, the SBI Chairman, Rajnish Kumar, has expressed doubts on dovish signals from the RBI. In fact, Mr. Kumar expressed hope that the RBI may shift to a neutral stance but expressed Read more [...]

According to estimates put out by India Ratings, Indian banks may have to provide another $5.6 bn for NPAs not yet provided for. This additional provision of $5.6 billion is estimated by India Ratings to be made by Indian banks for the period October Read more [...]

The market did close in positive on the back of short covering ahead of the monetary policy later this week. The short covering was visible in the banking and auto space, which are also likely to benefit from the budget focus. A lot could predicate Read more [...]

News Announcement Impact Analysis Budget 2019 – Piyush Goyal does away with interim budget concept Unlike in previous years, the budget did not stick to just seeking a vote on account for expenses Instead, the government went ahead Read more [...]

The Budget 2019 has surely played the rural card astutely With farm distress at a high, the focus of the budget was obviously going to be on the farmers. The government had committed to double farm incomes by 2022 and it was time for serious steps. Here Read more [...]

Budget may have given the much needed boost to realty sector Over the last few years, the one sector that has really struggled has been the realty sector. It all began with the excess inventory in most of the major cities running into several years of Read more [...]

Budget 2019 is a big boost to the middle income groups The Union Budget ahead of an election was always going to be a lot more about politics than about economics. Not surprisingly, the budget has been liberal in doling out tax exemptions for the middle Read more [...]

The Modi government may have finally won a big psychological victory. The UK Home Secretary approved the extradition of Vijay Mallya to India, although that is only the first step. Legally, Mallya has recourse to the UK High Court and then to the UK Supreme Read more [...]