Of late the rupee has been hogging the headlines, most of them for the wrong reasons. To date in 2022 alone, the rupee has lost nearly 8 per cent against the US dollar and is dangerously flirting with 80 to a dollar mark. To appreciate broad implications of a falling currency one doesn’t have to…

There is carnage on the markets across the globe, from Wall Street to Dalal Street. Only recently, one had to just go to sleep and wake up to see one’s wealth swelling. Now, it’s the reverse. Does this volatile world of investments offer any hope, at least for the long term investor? If one were…

Inflation is a many headed Hydra. Both electronic and print media are awash with headlines regarding inflation these days. Retail inflation based on the Consumer Price Index (CPI) surged to near 8 year high in April this year to 7.79 per cent. Producers’ inflation based on the wholesale price index (WPI) has hit 15.08 per…

Quietly, unobtrusively a significant change has been gathering momentum in the Indian economy over nearly the last 3 decades.  First it was the financial institutions, including banks, that have been gradually, but progressively shifting their focus from enterprises to retailers. In fact over the last decade, more and more banks have realized that an important…

Climate experts say, that the flutter of a butterfly in Hawaii might cause a cyclone in distant Mumbai! Such is the intricate interdependence of global climate systems. Present day economic interdependence between nations is no different despite nation-states claiming sovereignty over their zealously guarded territories. Russia’s invasion of Ukraine is still raging after over a…

It is that time of the year when many of us would be anxious to meet advance tax payment obligations and see if we can minimize our tax outgo. Although Finance Act 2021 has sought to simplify tax computation by, among other things, reducing the tax rates for those opting to forgo exemptions/deductions under various…

That change is the only constant over time may sound a bit trite to most of us. Yet the rate of change is changing so rapidly that we sometimes have to hark back to poets to make sense of the turmoil that is overtaking our lives. Following memorable lines from T. S. Eliot might be…

That change is the only constant over time may sound a bit trite to most of us. Yet the rate of change is changing so rapidly that we sometimes have to hark back to poets to make sense of the turmoil that is overtaking our lives. Following memorable lines from T. S. Eliot might be…

Deposit Insurance: Now that the Deposit Insurance & Credit Guarantee Corporation (DICGC), Amendment Bill 2021 has been promulgated, DICGC becomes liable to pay bank depositors when any direction, order or scheme is passed which prohibits the depositors of the insured bank from accessing their deposits. DICGC is required to pay the depositors the insured amount…

After hogging headlines for over two weeks, the 26th Conference of Parties (COP26) to the UN Framework Convention on Climate Change in Glasgow, where almost 200 countries came together to find ways to prevent global temperature rising beyond the critical threshold, has concluded. In terms of outcome, however, it is a case of mountains labouring…