 "Debashis Basu")
Debashis Basu
Debashis Basu
Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange's amazing success, leading to hubris, regulatory capture and algo scam".
Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange's amazing success, leading to hubris, regulatory capture and algo scam".
Page 7 - Debashis Basu
Stock market: When even hindsight isn't 2020
Forecasting is a hit or miss business even in normal times. And at a time when even hindsight is not 2020, predict at your own peril what will happen in 2021
Companies in banking? Wrong debate
India had already allowed businesses houses to enter banking in its 2013 bank licensing guidelines
Banking reforms: The real metrics
Under Shaktikanta Das, RBI has been moving speedily on banking reforms. The most crucial question is, will any of this mean a big difference to the quality and cost of banking services for depositors?
 "Banking reforms: The real metrics")
Prediction-addiction, despite being in a fog
We are usually wrong in our predictions about the economy and market, especially since we bring in our own biases to fill the vast gaps in our information. And yet, we cannot help but predict
 "Prediction-addiction, despite being in a fog")
Financial offences? Pay a small change, and carry on
Scams, misconduct, and misdemeanours happen with high regularity not because these are inevitable, but because the price of getting caught is insignificant
Will Sebi's fatwa for multi-cap funds work? Only the market will determine
Sebi's new diktat says multi-cap equity funds must invest a minimum of 75% in equities, up from 65%, with at least 25% each in large-caps, mid-caps, and small-caps
 "Will Sebi's fatwa for multi-cap funds work? Only the market will determine")
Much ado about nothing: What India's ease of biz ranking won't tell you
The WB's suspension of the Index will deal a minor blow to the Indian government because the credibility of the rankings, which the government was trumpeting, is now in tatters
 "Much ado about nothing: What India's ease of biz ranking won't tell you")
PSBs: First accurate data and transparency
The RBI had for years refused to share bank inspection reports on grounds that it held them in a fiduciary capacity, and activists fought all the way to the Supreme Court
FDI shift from China? A joke
The orchestra is building up to a crescendo
Four fallouts of Covid-19 mishandling
A disruption in supply chain, no cash flow, non-availability of labour, and the fall in purchasing power will break many businesses
What kind of bear market is this?
Are the markets overreacting? On Friday, the Indian markets were locked in the lower circuit on opening and leading to a mandatory halt in trading for 45 minutes
 "What kind of bear market is this?")
Weak economy is host to coronavirus attack
Set against the virus scare and a global market crash, the latest economic numbers presents a scary scenario, especially since the December quarter in a given year is one of the strongest.
 "Weak economy is host to coronavirus attack")
Ease of living, in a punitive state
Under this government, slogans, memes, catchphrases, alliterative coinages, and clever abbreviations abound. One of them being repeated ad nauseam is ease of living
How to fix the PMC Bank crisis
What we need is a simple principle to be applied here: All deposit-taking organisations should come under the sole supervision of the RBI
 "How to fix the PMC Bank crisis")
Tax cuts: Knee-jerk or part of a plan?
Like fans of filmstars or cricketers, investors have shown abiding faith in Mr Modi, who is still seen as a doer with the right intent and strong will
 "Tax cuts: Knee-jerk or part of a plan?")
External benchmark: Right step, wrong tool
While politicians and businessmen don't see eye to eye on anything during a slowdown, the one thing they all agree on is that cutting interest rates would spur growth
 "External benchmark: Right step, wrong tool")
Big bank theory
The track record of this government has given us enough reason to be sceptical about another experiment with merging PSBs
 "Big bank theory")
Modi's second innings: The one thing
What can a top political performer like Mr Modi do to make his regime an extraordinary economic success as well?
 "Modi's second innings: The one thing")
Achche din? Not with the state as a doer
A year after the Modi government started announcing various schemes, thinker and writer Arun Shourie described the government as "UPA (United Progressive Alliance, led by the Congress) plus cow"
 "Achche din? Not with the state as a doer")
IBC resolution: Towards the inevitable
The successful implementation of the IBC depended on a much bigger involvement of the state through a huge new superstructure of registration, certification and supervision
 "IBC resolution: Towards the inevitable")