ECB Rate Cut

Rates are already negative and still no sign of growth… The ECB decision on Thursday was actually much more dovish than the global markets had expected. The rates were cut further into negative territory while the monthly bond buying program was hiked by €20 billion to €80 billion. The markets were anticipating a rise of…

Real Estate Bill

This could make a real difference to the realty business in India… The Real Estate Bill that was passed in the Rajya Sabha yesterday was the first step towards bringing greater transparency in the real estate business. In a billion dollar industry that is largely unregulated, unstructured and unwieldy, this was long awaited. The bill…

Banking Downgrade

Why this is a telling indictment of PSU Banks… In a sudden move, the rating agency CRISIL has downgraded 8 banks over asset quality issues. Of course, the issue of asset quality was always there and what this downgrade has done is to highlight the more vulnerable among the PSU banks. The 8 banks whose…