H2 Borrowings

Borrowing numbers for second half just don’t seem to add up When the government announced the Rs.145,000 crore tax  break for Indian companies, the immediate impact was on the bond yields. The argument was that the government would be resorting to more borrowings and a higher fiscal deficit. But, the government has held its second…

MAT Credits

“No MAT credits” could be a hurdle for companies tax shift During the week, an innocuous CBDT clarification disappointed markets quite a bit. CBDT clarified that companies that opt for the new 22% tax system will not be eligible for any future MAT credits or credits for accumulated depreciation. That could be a major disincentive…

Monetary Policy

Growth revival was clearly the overarching theme of the policy The 25 bps rate cut by the Monetary Policy Committee was already factored in by the markets. However, the big overarching theme of the policy was the push to growth in a real sense. 25 bps rate cut for now The rate cut of 25…