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| Markets extend rally on reforms talk | 09-NOV-09 |
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| The Sensex today opened at 16,191 - up 33 points. However, the index slipped into the negative zone in late morning trades to a low of 16,147. Reforms talk by the Prime Minister at the on-going India Eco Summit coupled with firm global cues saw the markets rebound into green. |
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| Incipient signs of recovery | 29-OCT-09 |
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| The monetary policy underlines the incipient signs of recovery of the global economy and improving prospects for the domestic economy. RBI has moved its stance from balancing between growth and inflation to now focussing more on inflation basis, their comfortable outlook on growth momentum. While a status quo has been maintained on rates, there are many references in the policy that suggest possible rate hike if inflation moves out of the comfort zone. |
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| Calibrated approach | 29-OCT-09 |
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| The Reserve Bank of India has clearly chosen not to upset the recovery and growth momentum for now by keeping key policy rates unchanged in the second quarter review of the monetary policy for 2009-10. This comes as good news for the corporate sector and industry in general, which has been making gradual strides to get back on the growth path after the most challenging year. |
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| A balancing act | 28-OCT-09 |
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| The RBI has carried out a balancing act with the latest credit policy, with the twin purposes of sustaining early stage economic recovery and controlling rising inflation. It also reaffirms an expected GDP growth rate of 6 per cent, with an upward bias. |
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| Inflation to drive future action | 28-OCT-09 |
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| The policy review is an emphatic assurance that the central bank is watching, calibrating and now definitely timing for a quantitative exit road map. The hike of 100 basis points in the statutory liquidity ratio, which was reduced to 24 per cent after the global financial crisis last year, is the harbinger of changing headwinds, making India the second G20 to economy to underline a move towards monetary tightening. |
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| Stance to spur growth | 28-OCT-09 |
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| ‘The guidance for the October monetary policy is clear. There is enough liquidity in the system to meet the demand from the government and private borrowers, good growth momentum, good flow of offshore liquidity through debt and capital markets, and rock-solid stability in money markets, despite the fiscal deficit. Markets have fared well since the July policy, with a decent rally in the stock market, appreciation of the rupee and stable bond yields. |
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| The reversal begins | 28-OCT-09 |
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| As was widely expected, the second-quarter review of the monetary policy for 2009-2010 came with no surprises, as the Reserve Bank of India (RBI) chose to continue its accommodative monetary policy, with no changes in key policy rates. |
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| Right long-term steps | 28-OCT-09 |
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| RBI’s decision to adopt a passive exit strategy, through the closure of some non-standard liquidity provisions, while maintaining a status quo on key policy rates, is a move in the right direction. RBI highlighted inflation concerns, but it also provided an upward bias of 6 per cent to GDP growth for FY10. RBI is, rightfully, reluctant to move aggressively on the rate front at this juncture, given that an aggressive tightening can hamper the nascent growth recovery. |
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| A balanced approach | 28-OCT-09 |
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| The feel-good factor is clearly returning to the markets, going by business confidence surveys and the financial market sentiment. But the recovery, though promising, remains fragile. Rural consumption will be hit by the worst monsoon in close to four decades, while international demand continues to languish, with the global economy still in contractionary mode. |
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| NEWSALERT: Congress to take action on Tharoor's comments | 18-SEP-09 |
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| Congress will take appropriate action at the right time on the comments by Shashi Tharoor on economy class travel, said party spokesman Manish Tewari. Rajasthan Chief Minister Ashok Gehlot's demand for Tharoor's resignation is a "natural" reaction, said the Congress spokesman. |
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| RIL cautions NTPC on commenting on sub-judice matters | 16-SEP-09 |
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| Reliance Industries (RIL) has cautioned that NTPC should not make comments on matters sub-judice lest they are construed as attempt to influence the outcome of its court case seeking natural gas at price committed in 2004.
Commenting on NTPC's filing to the stock exchanges last week, RIL President (Gas) R P Sharma wrote to Power Secretary H S Brahma saying "(NTPC's) statement purports to state that a contract came into existence between NTPC and RIL even before the court has heard the |
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| Some changes are baffling | 28-AUG-09 |
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| Commerce Minister Anand Sharma has presented a ‘status quo’ Foreign Trade Policy (FTP) 2009-14 with some incremental benefits for exporters. The situation called for bold efforts to cut transaction costs to help boost sentiments and help exporters do less paperwork and concentrate more on their business. The FTP does little of that sort. |
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| 3 pillars to achieve targets | 28-AUG-09 |
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| The Foreign Trade Policy, announced by Commerce and Industry Minister Anand Sharma, identifies the three major pillars that would support India in achieving the target of doubling its export of goods and services by March 2014. The three pillars are: improvement in export-related infrastructure, lowering of transaction cost and providing full relief on all indirect taxes and levies. |
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Content Guide
