Inflation Targeting

Should the RBI give it up and focus only on growth?     Of late there has been a clamor from many economists and policy makers for RBI to give up on inflation targeting. What exactly does this mean? Inflation targeting is setting a medium term target of inflation and then using various tools to…

BOE Cuts Rates

It could have larger implications for the world economy…     The Bank of England (BOE) cutting rates was never a question of whether, but when. It was clear that post-BREXIT there would be pressure on the British central bank to propel the economy with monetary support. Infusing liquidity is the easiest and most impactful…

Lessons From Yahoo

How an early pioneer of the internet lost its way…     There is a famous corporate story that back in year 2000, Yahoo was on the verge of acquiring Google for about $3 billion. The deal finally fell through as Google demanded a valuation of $5 billion. Exactly 16 years later, Yahoo was acquired…

Microfinance Stocks

What is this big buzz around these MFI stocks?     Ujjivan Finance has been one of the classic outperformers post listing. A small microfinance company, Ujjivan, has given over 100% returns in the 3 months post listing. Ujjivan is just a microcosm of a larger story that is building up in Indian markets called…

25 Years Of Reforms

What does a retrospective view look like?     Year 2016 marks the 25th anniversary of the ushering in of economic reforms. When the duo of Narasimha Rao and Dr. Manmohan Singh turned the License Raj upside down, few gave it a chance of survival. But reforms have stood the test of time and almost…