The RBI Governor announced a new set of measures in response to the current growth and financial market stress. These […]

Market participants including ourselves have lately lamented the somewhat underwhelming response from the RBI to a rapid tightening in financial

The US Fed in some sense pushed boundaries and stepped directly into the market for lending of all sorts with

Policy Responses Step Up… Global monetary easing is now in full swing with the lead being taken by the US

Policy responses to the Coronavirus have commenced full steam with the Fed rate cut yesterday. With this a global policy

As expected, the central government increased its headline fiscal deficit target to 3.8% of GDP in FY20 and 3.5% in

“We were broken then but now we’re borderline”. Leonard Cohen The year 2019 should probably be counted as a forgettable

The year gone by was one of realisation. Tax collections faltered, forecasts were marked down and states faced delay in

Bold Is Back : RBI Policy Feb 2020 We had titled our December 2019 policy note “Back to the Book”

The Union Budget 2020-21 appears to have realized the fiscal limits and has not done enough to excite the market,