After US (Fed), Europe Central Banks (ECB), RBI May Turn To Bank Of England (BoE) For Ideas
Business | Anirban Nag, Bloomberg | Monday February 17, 2020
In December, the RBI announced a Fed-style 'Operation Twist' -- buying long-dated bonds and selling the shorter tenor ones.
As Budget Falls Short, RBI May Focus On US-Style Operation Twist
Business | Anirban Nag, Bloomberg | Monday February 3, 2020
The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs.
Government Refutes 'Unfounded' Criticism About GDP Data
Business | Anirban Nag, Bloomberg | Friday January 31, 2020
India's economic data has come under intense scrutiny after some commentators said the GDP data was unusually buoyant despite distress in sectors like automobiles and power generation.
The Crisis That Shattered India's Economic Dreams
Business | Vrishti Beniwal, Rahul Satija, Dhwani Pandya and Anirban Nag, Bloomberg | Friday January 31, 2020
A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern medical clinics. Apartments that should have been delivered by 2012 were billed in the media as "global homes with an Indian address."
Budget 2020: Worst Is Over For Economy, Over To Nirmala Sitharaman
Business | Anirban Nag, Bloomberg | Friday January 24, 2020
The dominant services index rose to the highest level in five months in December as improving new work orders helped boost activity.
Government Appoints Career Central Banker Michael Patra As Deputy Governor
Business | Anirban Nag, Bloomberg | Tuesday January 14, 2020
A career central banker, 59-year-old Mr Patra is currently executive director in charge of the RBI's research department and has a seat on the six-member Monetary Policy Committee.
Stagflation Threat Looms For Former World-Beating Economy India
Business | Anirban Nag, Bloomberg | Tuesday January 14, 2020
Economists are forecasting a rebound in growth to 6.2 per cent in the fiscal year through March 2021, although much will depend on how quickly global demand and domestic spending recovers.
RBI May Announce 6th Straight Rate Cut, Revise Growth Forecast: Analysts
Business | Anirban Nag, Bloomberg | Thursday December 5, 2019
The RBI has cut borrowing costs by 135 basis points so far in 2019 to a nine-year low of 5.15 per cent. The meeting of the six-member Monetary Policy Committee (MPC) led by Governor Shaktikanta Das, who completes one year in office next week, comes amid deepening concerns about growth, financial stability and weak public finances.
Amid Economic Slowdown, This Survey Says The Worst May Be Over
Business | Anirban Nag, Bloomberg | Wednesday December 4, 2019
The rise in the services index followed data earlier this week showing manufacturing also improved in November, resulting in the composite PMI index jumping to 52.7 from 49.6.
RBI's 6th Consecutive Rate Cut Likely This Week After Latest GDP Shock
Business | Anirban Nag, Bloomberg | Monday December 2, 2019
The RBI will deliver its rate decision on December 5, days after a report showed growth collapsed to 4.5 per cent in the July-September quarter, the first time it's been below 5 per cent since 2013.
Onions In India, Pork In China Push Up Food Costs, Worry Economists
India News | Michael S. Arnold, Anirban Nag, Bloomberg | Thursday November 28, 2019
Food prices are climbing fast in the world's biggest emerging markets, posing a possible inflation threat after months of dormant pressures.
RBI Governor Shaktikanta Das Faces Increasingly Tough Balancing Act
Business | Anirban Nag, Bloomberg | Monday November 18, 2019
Shaktikanta Das, overseeing what was until recently the world's fastest-growing major economy, has worked tirelessly to restore relations with the government after a bitter public spat led his predecessor Urjit Patel to quit.
RBI's Shaktikanta Das Calls For Tighter Governance at State-Run Banks
Business | Anirban Nag, Bloomberg | Monday November 18, 2019
India's banking sector has the highest ratio of stressed assets in the world, with many bad loans to companies in sectors such as energy and steel.
India's Biggest Shopping Season Wasn't All That Big, Says Report
Business | Anirban Nag, Bloomberg | Wednesday November 6, 2019
Purchasing managers surveys on manufacturing and services activity for October indicate that demand in the economy is still pretty weak.
Over 200% Spike In Onion Prices Unlikely To Deter RBI From Rate Cuts
Business | Anirban Nag, Bloomberg | Monday October 14, 2019
Onions have a weight of 0.6 per cent in the overall inflation basket and contribute about 10 per cent to the vegetable basket. The inflation-targeting Reserve Bank of India expects food prices to stabilize, while forecasting headline inflation to stay well below its medium term target of 4 per cent for the rest of the fiscal year through March.
After US (Fed), Europe Central Banks (ECB), RBI May Turn To Bank Of England (BoE) For Ideas
Business | Anirban Nag, Bloomberg | Monday February 17, 2020
In December, the RBI announced a Fed-style 'Operation Twist' -- buying long-dated bonds and selling the shorter tenor ones.
As Budget Falls Short, RBI May Focus On US-Style Operation Twist
Business | Anirban Nag, Bloomberg | Monday February 3, 2020
The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs.
Government Refutes 'Unfounded' Criticism About GDP Data
Business | Anirban Nag, Bloomberg | Friday January 31, 2020
India's economic data has come under intense scrutiny after some commentators said the GDP data was unusually buoyant despite distress in sectors like automobiles and power generation.
The Crisis That Shattered India's Economic Dreams
Business | Vrishti Beniwal, Rahul Satija, Dhwani Pandya and Anirban Nag, Bloomberg | Friday January 31, 2020
A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern medical clinics. Apartments that should have been delivered by 2012 were billed in the media as "global homes with an Indian address."
Budget 2020: Worst Is Over For Economy, Over To Nirmala Sitharaman
Business | Anirban Nag, Bloomberg | Friday January 24, 2020
The dominant services index rose to the highest level in five months in December as improving new work orders helped boost activity.
Government Appoints Career Central Banker Michael Patra As Deputy Governor
Business | Anirban Nag, Bloomberg | Tuesday January 14, 2020
A career central banker, 59-year-old Mr Patra is currently executive director in charge of the RBI's research department and has a seat on the six-member Monetary Policy Committee.
Stagflation Threat Looms For Former World-Beating Economy India
Business | Anirban Nag, Bloomberg | Tuesday January 14, 2020
Economists are forecasting a rebound in growth to 6.2 per cent in the fiscal year through March 2021, although much will depend on how quickly global demand and domestic spending recovers.
RBI May Announce 6th Straight Rate Cut, Revise Growth Forecast: Analysts
Business | Anirban Nag, Bloomberg | Thursday December 5, 2019
The RBI has cut borrowing costs by 135 basis points so far in 2019 to a nine-year low of 5.15 per cent. The meeting of the six-member Monetary Policy Committee (MPC) led by Governor Shaktikanta Das, who completes one year in office next week, comes amid deepening concerns about growth, financial stability and weak public finances.
Amid Economic Slowdown, This Survey Says The Worst May Be Over
Business | Anirban Nag, Bloomberg | Wednesday December 4, 2019
The rise in the services index followed data earlier this week showing manufacturing also improved in November, resulting in the composite PMI index jumping to 52.7 from 49.6.
RBI's 6th Consecutive Rate Cut Likely This Week After Latest GDP Shock
Business | Anirban Nag, Bloomberg | Monday December 2, 2019
The RBI will deliver its rate decision on December 5, days after a report showed growth collapsed to 4.5 per cent in the July-September quarter, the first time it's been below 5 per cent since 2013.
Onions In India, Pork In China Push Up Food Costs, Worry Economists
India News | Michael S. Arnold, Anirban Nag, Bloomberg | Thursday November 28, 2019
Food prices are climbing fast in the world's biggest emerging markets, posing a possible inflation threat after months of dormant pressures.
RBI Governor Shaktikanta Das Faces Increasingly Tough Balancing Act
Business | Anirban Nag, Bloomberg | Monday November 18, 2019
Shaktikanta Das, overseeing what was until recently the world's fastest-growing major economy, has worked tirelessly to restore relations with the government after a bitter public spat led his predecessor Urjit Patel to quit.
RBI's Shaktikanta Das Calls For Tighter Governance at State-Run Banks
Business | Anirban Nag, Bloomberg | Monday November 18, 2019
India's banking sector has the highest ratio of stressed assets in the world, with many bad loans to companies in sectors such as energy and steel.
India's Biggest Shopping Season Wasn't All That Big, Says Report
Business | Anirban Nag, Bloomberg | Wednesday November 6, 2019
Purchasing managers surveys on manufacturing and services activity for October indicate that demand in the economy is still pretty weak.
Over 200% Spike In Onion Prices Unlikely To Deter RBI From Rate Cuts
Business | Anirban Nag, Bloomberg | Monday October 14, 2019
Onions have a weight of 0.6 per cent in the overall inflation basket and contribute about 10 per cent to the vegetable basket. The inflation-targeting Reserve Bank of India expects food prices to stabilize, while forecasting headline inflation to stay well below its medium term target of 4 per cent for the rest of the fiscal year through March.
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