The Monetary Policy Committee (MPC) minutes were made public on 21st February. This refers to the detailed discussion of the members of the MPC ahead of the decision to maintain status on rates in the February monetary policy. With inflation way above Read more [...]

Even as the RBI has come under criticism for its audit of PNB books, the central banker has gone ahead and appointed a high powered committee under eminent tax expert, Y H Malegam, to look into the reasons and prevent such frauds in the future. The committee Read more [...]

Since the beginning of February, FPIs have been on a selling spree with net sales of over $1 billion. This is a stark contrast to the $2 billion of FPI money that flowed into India in the month of January 2018. With US unemployment getting closer to 4.1%, Read more [...]

A day after the aggressive bid for Bhushan Steel submitted by Tata Steel, the markets clearly showed disappointment pulling the stock down by nearly 7%. Tata Steel agreed to pay nearly Rs.70,000 crore for Bhushan Steel and Bhushan Power put together, Read more [...]

When the $1.77 billion fraud at PNB involving high profile diamond merchant, Nirav Modi, came to light it was already clear that there was a systemic crisis. A fraud of that size would not have been possible without connivance at the highest levels. As Read more [...]