While central bankers worldwide have continued to balance their policies to focus on reviving growth while keeping a lookout on inflationary expectations the policy environment in India has been totally opposite. I have argued for a long time with different logics that although the RBI started off its tightening policy at the right time and […]
Read MoreWhy are some Emerging Markets underperforming – in the current year till date we have seen developed markets do better than EM’s in general. The reasons have been signs of recovery in the economies of these countries, extremely low interest rates and the huge under ownership of equity that has built up over the last […]
Read MoreGiven the reputation of the Finance Minister there were hopes of big bang announcements in the Union Budget this time. However the budget turned out to be devoid of any major earth shattering announcements both on the negative and positive side. I believe that the two major positives that I saw in the budget were […]
Read MoreThe Finance Ministry, I am sure must be in an extremely busy state preparing the final Budget documents. It would also be getting hit by a huge number of recommendations from various Lobby groups. I am sure that each industry would be clamoring for incentives for investments, lower taxes, higher import protection etc. On my […]
Read MoreAfter rallying over the last quarter of the year 2012 on the back of improving global risk appetite and the restart of the stalled economic reform initiatives of the government we have seen that the Indian markets have started to stagnate and underperform global markets over the last few weeks. Although the benchmark indices are […]
Read MoreRBI has finally come out with a pro growth policy after realizing its utter helplessness in controlling headline inflation driven by high food & fuel prices and most importantly after taking into account the impact of past adjustments on current inflation. Some examples of past adjustments impacting current inflation figures are – – Brent crude […]
Read MoreThe worst thing that happens to anyone i.e. fund managers, policy makers, corporates etc is when they get into the delusion that they can do no wrong. Prior success, public praise or huge valuations in the markets space for companies leads them to believe that whatever they are doing is right and they can do […]
Read MoreThe New Year has started off on a positive note both locally and globally with most markets etching up moderate gains since the beginning of the year. In the global context the two most important geographies from a sentiment point of view continue to be the Euro zone and the US. Key events in Euro […]
Read More