(Any opinions expressed here are those of the author and not of Thomson Reuters)
Several economists have gone to great lengths to say that India in 2013 is not facing a repeat of the 1991 balance-of-payments crisis or the Asian financial crisis in 1997. Clearly, the crisis India faces now is unique – as most economic crises usually are.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Given the kind of volatility in financial products and asset classes that we have seen in India and some emerging markets over the last few weeks, it’s likely to be a long winter for the Indian economy.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Over the past year, the government has silenced its critics with several pro-reform policy initiatives including the relaxation of FDI norms, freeing FII debt investment limits and a calibrated deregulation of petroleum prices. These reforms were cheered by the markets by way of increased FII inflows.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
The rupee hit a series of record lows in August, rattling the stock market and forcing policymakers to step in. But the fall was necessary to correct India’s past mistakes and improve the dynamics of the economy. Stock markets were jolted because the rupee’s slide was sudden. But then that is how markets behave.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
I can’t predict where the rupee will eventually land and I don’t think anyone else can either.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
With its overhaul of the 1956 Companies Act, the government aims to simplify its provisions, keep pace with global trends and make it easier to do business in the country.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
There was a record increase in tax returns filed electronically this year after new rules made it mandatory for taxpayers with a taxable income of more than 500,000 rupees to file returns online. This change added to the last-minute rush, with the government extending the deadline by five days to Aug. 5.
(Any opinions expressed here are those of the author and not of Thomson Reuters) When BMW sold Rover in 2000, the British car brand was working on Project R30. There were rumours that BMW would use badge engineering to introduce the R30 as its 1 Series but that wasn’t to be.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Indian stocks have been battered over the past few sessions. The market condition is not unexpected, thanks to over-action by policymakers and over-reaction by stock investors.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Investors pressed the panic button on Friday with the Nifty diving 4 percent, its biggest single-day fall in two years, to end at 5508.
