Expert Zone

India Markets Weekahead: ‎Book out of high-beta stocks

By Ambareesh Baliga
July 13, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Finance Minister Arun Jaitley (C) poses as he leaves his office to present the federal budget for the 2014/15 fiscal year, in New Delhi July 10, 2014. REUTERS/StringerThe Narendra Modi government presented its maiden budget on Thursday. Although the budget was welcomed by industry leaders, the market meltdown seems to be telling a different story, with the Nifty posting its biggest weekly loss in 15 months.

National agenda to bring $100 billion of domestic household savings in capital markets in next five years

July 9, 2014

(Rajiv Deep Bajaj is the Vice Chairman and Managing Director of Bajaj Capital Ltd. The views expressed in this column are his own and do not represent those of Thomson Reuters)

Modi’s first budget can be a great start

By William Wilson
July 9, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

There are few opportune moments for a nation to enact bold economic reforms. For India, this week is one of them as Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) government unveil their first budget since sweeping to power in a landslide victory last May.

India’s Iraq problem

By Jaswant Singh
July 7, 2014

(This piece comes from Project Syndicate. The opinions expressed are the author’s own)

‎India Markets Weekahead: Correction could follow budget week

By Ambareesh Baliga
July 6, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Last week’s robust pre-budget rally belied expectations, with the Nifty closing up more than 3 percent at a record high of 7,751‎. Automobile sales, manufacturing PMI as well as services PMI showed an uptick. The Iraq turmoil seems to have taken a back seat with oil prices receding from a nine-month peak. A rally in world markets, with life highs for the DJIA and S&P 500, also aided sentiment.

The crisis in Iraq and an Afghanistan prognosis

By S K Chatterji
June 30, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The Islamic State of Iraq and the Levant (ISIL) has rampaged through western Iraq. A few thousand kilometres away in Afghanistan, the International Security Assistance Force (ISAF) is withdrawing, with Americans contemplating less than 10,000 troops on ground.

India Markets Weekahead: Wait for post-budget opportunities

By Ambareesh Baliga
June 29, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Markets were fairly volatile last week, reacting to tough measures taken by the Narendra Modi government to get India’s economy back on track amid worries over monsoon rains and the situation in Iraq.
cfcd208495d565ef66e7dff9f98764da.jpgLong-term investors hailed the hike in railway freight and passenger fares as a step in the right direction to bring down indirect subsidies. However, the government rolled back the hikes on suburban fares to a large extent due to political considerations.

Higher tax revenue from higher growth

June 24, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

The 2013-14 budget got completely out of hand because of a whopping shortfall in tax revenue. Development outlays had to be drastically cut to manage the fiscal deficit.

Currencies and the collapse of globalisation

By Paul Donovan
June 17, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

We live in stirring times. The president of the European Central Bank, Mario Draghi, crossed the monetary policy Rubicon and cut one of the euro area’s key interest rates into negative territory. This is dramatic stuff, as even the most economically oblivious are likely to recognise that negative interest rates are a radical policy.A picture illustration of Euro banknotes and coins taken in central Bosnian town of Zenica

Nehru’s last stand?

By Shashi Tharoor
June 17, 2014

(This piece comes from Project Syndicate. The opinions expressed are the author’s own)