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Jul 3, 2012

Diversified equity funds post best month since Jan

NEW DELHI (Reuters) – India’s diversified stock funds posted their strongest gains in five months in June, reversing a bleak performance in May on improving global sentiment and domestic reform hopes, scoring big gains in the capital goods and financial sectors.

Fresh measures to ease the euro zone crisis, signs the government may revisit economic reforms and efforts to provide clarity on a tax proposal that had panicked foreign investors helped push the benchmark BSE Sensex up 7.5 percent in June to a near two-month closing high.

Jul 3, 2012

India stock funds post best month since Jan, outlook improves

NEW DELHI, July 3 (Reuters) – India’s diversified stock
funds posted their strongest gains in five months in June,
reversing a bleak performance in May on improving global
sentiment and domestic reform hopes, scoring big gains in the
capital goods and financial sectors.

Fresh measures to ease the euro zone crisis, signs the
government may revisit economic reforms and efforts to provide
clarity on a tax proposal that had panicked foreign investors
helped push the benchmark BSE index up 7.5 percent in
June to a near two-month closing high.

Jun 16, 2012
via India Insight

Congress strikes two birds with one stone

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Why so much euphoria over the presidential polls? Shouldn’t the government concentrate on the economy; it’s a ceremonial post after all, we thought.

However, the way the election process panned out might be the boost the Congress party needed ahead of the 2014 general elections, not only politically, but even for the economy.

Jun 8, 2012
via India Insight

With stalled reforms, Indian government needs to win new friends

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‘Deferred’ — Excessive use of this word is something that India cannot afford at this stage. Amid economic turmoil, reforms are desperately needed to signal the government’s resolve to fix the current situation.

But in yet another postponement on Thursday, the cabinet deferred the pension reform bill which proposed to open the sector to foreign investors, after key ally Mamata Banerjee, chief minister of West Bengal and Trinamool party chief, opposed it.

Jun 7, 2012
via India Insight

Diesel strategy: merely old wine in new bottle?

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Planning to buy a car? Seeing petrol prices head northwards, chances are high you would have changed your mind and now intend to buy a diesel-powered vehicle. That might be a smart move given the government’s reluctance to tinker with diesel prices in the face of stiff opposition. But there are plans afoot to deter you.

After considering raising diesel prices at one point, the government is now mulling a proposal of higher duty on diesel vehicles and even thinking of increasing diesel prices only for cars and sports utility vehicles (SUVs) — something that has been debated earlier.

Jun 4, 2012

Equity mutual funds fall most in 6 months in May

NEW DELHI (Reuters) – There is little respite seen for equity mutual funds in the near term, with government inaction to tackle a sharp slowdown in domestic growth and a shaky global economy driving investors away from risky assets.

India’s diversified stock funds fell the most in six months in May, pulled down by banks and automobiles among others, and any chance for a rebound is unlikely after March-quarter gross domestic product growth fell to its slowest pace in nine years.

Jun 4, 2012

India equity funds fall most in 6 mths in May, outlook bleak

NEW DELHI, June 4 (Reuters) – There is little respite seen
for Indian equity funds in the near term, with government
inaction to tackle a sharp slowdown in domestic growth and a
shaky global economy driving investors away from risky assets.

India’s diversified stock funds fell the most in six months
in May, pulled down by banks and automobiles among others, and
any chance for a rebound is unlikely after March-quarter gross
domestic product growth fell to its slowest pace in nine years.

May 24, 2012
via India Insight

It’s time India bites the diesel bullet

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“81 rupees?” asked an astonished TV anchor when an irate Bengaluru-based consumer called in after the recent 7.5-rupee hike in petrol prices. Perhaps cars that run on milk are now needed, the anchor suggested — when the caller said the dairy product costs around 30 rupees a litre.

While milk-powered automobiles might be a distant dream, the reality remains that those relying on petrol vehicles will now need to do their budgeting again. If a falling rupee and high inflation were not enough, this steepest-ever rise in petrol prices will surely pinch.

May 21, 2012
via India Insight

Mr Pranab Mukherjee, did we hear ‘austerity’?

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India is going through a rough patch. The common man knows it, foreign investors know it and so does our government.

Finance Minister Pranab Mukherjee, who is also one of the contenders for the post of president, has been trying his best to clear the air and restore the confidence to get the economy back on track.

May 14, 2012
via India Insight

As the economy and markets struggle, India needs tough actions

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Slowing growth, a falling rupee, sliding stock markets, a rising current account deficit, drying foreign inflows and policy paralysis at the centre. Things certainly don’t look rosy for India.

With the rupee down 22 percent in the last 10 months and a 6 percent drop in stock markets so far in May (as of Friday’s close), is it time for the government to seriously rethink its strategy ahead of the 2014 general elections?

    • About Aditya

      "Aditya is part of the India politics, economy and general news team at the Reuters bureau in New Delhi. After joining Reuters in July 2008, Aditya spent nearly six years managing content and writing for the Reuters.com India edition. During 2013-14, he was closely involved in developing the website's India Insight platform, writing on topics ranging from business and politics to stocks and mutual funds. Follow him on Twitter @adityakalra"
      Joined Reuters:
      July 2008
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