Modi 2.0 – Lessons

Opposition needs to learn some key lessons from the elections As much as the victory of the NDA in general and the BJP in particular was emphatic, it also left some very critical lessons for the opposition. How they read the lessons will determine their future. Every healthy democracy needs a strong opposition and it…

Modi 2.0 – Markets

Why stock markets are so excited about Modi 2.0 A market skeptic asked me after the results; why are markets so excited about Modi? He had a point. During the last 5 years, the Nifty gave an average return of around 9.5%, which is lower than the 11.5% CAGR that the Nifty returned since inception.…

Modi 2.0 – Economy

What are the economic challenges that Modi must address urgently The victory of the BJP and the NDA has not only been emphatic it has been largely decisive too. While India has maintained above 7% growth in the five years of the Modi government, it gets a lot more complicated now. The global slowdown, higher…

Regulating NBFCs

Government has to walk the thin line between regulation and growth Back in 1997 there were around 40,000 NBFCs operating in India. Then in 1998 the RBI came up with stringent capital adequacy and asset classification norms for NBFCs to reduce the systemic risk after the CRB fiasco. By 2002 there were just about 10…

Pharma Stocks

Why pharma companies must take the lawsuit seriously The pharma stocks had a bad week with the pharma index down by over 4% in the first day of the week itself. It all started with a Reuters news item stating that 44 states in the US had decided to file a lawsuit against 20 generic…

Soft Bankruptcy

India must handle soft bankruptcy cases a lot more deftly CRISIL recently published a report about the Rs.70,000 crore collected through NCLT in the fiscal year 2018-19. The collections in the current fiscal are likely to be closer to Rs.1 trillion. According to CRISIL, this represents 43% realization that is at par with global best…