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Month: June 2012

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A Simpler Version of the RBI Statement

There is no RBI Rate Cut. There is no CRR cut. The RBI, in its mid-quarter review of monetary policy, decided that the situation warranted no change in any of ...

Pre-RBI Action Notes: The Broad Picture

Before the RBI mid-quarter monetary policy review later today, let’s go through a few things. Indian Situation Growth has slowed. GDP is officially down ...

India to Pay Upto 53% More To Farmers For Crops

The Cabinet Committee on Economic Affairs has increased Minimum Support Prices for Kharif crops of 2012-13 by upto 53%. Jowar goes up by 52-53% while the ...

Huge Revision in March Inflation, May 2012 at 7.55%

May 2012 WPI Inflation came in at 7.55%. The shocker was that March 2012 inflation, which initially showed a downward dip, has been revised by 0.80% upwards , ...

RBI Intervention Is Not Working For The Rupee

The Reserve Bank of India sold just 275 million dollars in April, even as the Dollar Rupee exchange rate rose from 51.1 to 52.5. Data from the RBI Bulletin ...

Oil Min Wants Huge Hike in Diesel Car Duty

Diesel Vehicles to cost more? The oil ministry has supposedly requested a steep hike in excise duty for diesel cars, of at least Rs. 170,000 per small car and ...

IIP for April 2012 at 0.12% Growth

The Index of Industrial Production (IIP) for April 2012 has come in at 0.12% which is weak but stronger than March’s negative –3.47% (which has been ...

ULIP Underperformance: Stunted By Guarantees

Unit Linked Insurance Policies tend to be very complex and highly loaded with costs. But some policies have looked good in theory, but they turn out to be dud ...

Jagan-Srinivasan Enquiry Explains the Startup Tax

When the CBI investigated BCCI Chief N. Srinivasan’s company, India Cements, they seem to have uncovered why the “Startup Tax” was introduced in the ...

Has India Plunged Into Recession? GDP Data Fudge Reveals Details

The Great Indian Data Suckage story continues. GDP data from MOSPI (the agency that reveals data) recently brought growth down to 5.3% and it turns out there ...