Tata Sons

The consolidation of power has just about begun… Back in 1992 when the original satraps like Rusi Mody, Darbari Seth and Nani Palkhivala posed the first major challenge to the Tatas, Ratan Tata learned an important lesson. It was necessary to consolidate his ownership over Tata Sons. What Ratan Tata must have learned from the…

Fiscal Deficit Target

Should the government give up on its fiscal discipline? The first quarter GDP at 5.7% and the GVA at 5.6% came in as a shock to the markets and to policy makers. In fact, the government has shown alacrity and hinted at a special fiscal package of $7.7 billion to boost growth in the Indian…

October Policy

RBI is likely to maintain status quo on rates… With the month of September almost coming to a close, the question shifts to the stance of the RBI in the forthcoming credit policy in October. Remember, the RBI may have cut rates by nearly 200 bps since January 2015 but the CPI inflation during this…

GDP Worries

A host of downgrades are raising hackles over the GDP number… From the time the MOSPI announced the first quarter GDP on August 31st, there have been consistent worries about the level of GDP for the full year. While the RBI continues to maintain the full year GDP at around the 7% mark, analysts and…

The Bullet Train

The Japanese funding model is not all that simple! It was, in many ways, called the deal of the century. The Japanese prime minister traveled down to India to lay the foundation stone for the project. Of course, the tougher job of acquiring the land, getting the clearances and actually executing the job is still…