The meeting between the RBI and the government on 19th November ended on a fairly conciliatory note. For now there is no immediate risk of the RBI governor resigning. The RBI governor had stated that he would be forced to resign if Section 7 of the RBI Act was invoked as it would have resulted
Jet Airways has been under financial trouble for some time and there have been few doubts about that. With rising ATF prices on one side and thinning margins on the other side, the price pressure has been taking its toll for quite some time. The problems came to force when Jet started delaying salaries, one
When the US sanctions on Iran decision came up on November 05th, there was a sense of trepidation in world markets. After all, if Iran was banned from the global oil market then India would lose out on an important source of cheap oil and also the world oil market would find itself in a
Differences of opinion between the government and the RBI are nothing new. It has been in existence from the days when Dr. Manmohan Singh was the governor of the RBI in the 1980s. It is just that the differences have become more pronounced in the last few years as the conflict of roles has come
Fuel prices have gone up sharply to the extent that in cities like Mumbai people have consciously reduced private travel and resorted to public transport. Petrol is already above Rs.80/litre and diesel is closing in. In the last few days, the crude oil prices have come down from $86/bbl to $69/bbl and that has partially
In the last few months the rupee has plummeted sharply from 64/$ to a low of 74/$ in the midst of concerns over global and domestic macros. On the global front there was the consistent rise in oil prices, a stronger dollar and an ensuing trading war. In addition, the Middle East was again in
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Most oil marketing companies (OMCs) have given up huge gains in the last couple of months. In fact, stocks like HPCL, BPCL and IOCL have lost close to 40-50% from their peak values in a short span of time. This correction came immediately after the government asked the OMCs to take 1 Rupee hit on
SEBI has permitted the BSE and the NSE to also launch commodity derivatives on their existing platforms. Currently, MCX and the NCDEX dominate the commodity derivatives trading in India. While NCDEX has leadership in the agricultural commodity segments, it is MCX which is the larger exchange by volumes as it has leadership in the more
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