What is required in this period of faltering growth is a concerted effort to build confi dence so that the external sector gets strengthened. Besides dealing with infl ation control and fi scal...
Money Market Review
This note analyses the banking sector's response to policy changes in terms of how far it has changed deposit and lending rates in recent times. Second, it studies the relationship between the median...
Key Developments in Financial Markets THE operations of the Indian financial markets have undergone some significant changes in the recent period which have implications for the long-term growth of...
Policy Perspectives and Developments STICKING to the new ground rules set out in the April monetary and credit policy document, the RBI governor's latest policy statement confines itself to a...
Uncertain Economic Backdrop UNCERTAINTIES in the real economy continue to bedevil the operations of the financial markets. All the three key factors responsible for the industrial slowdown in the...
The Backdrop THOUGH the financial markets seem to signal positive expectations, it is as yet difficult to discern them in any physical indicators of economic activity essentially for want of more...
For the third successive fiscal year, industrial growth remains low. On the other hand, the annual inflation rate has distinctly picked up. Against this backdrop of creeping stagflation, the fiscal...
The Reserve Bank is shedding its erstwhile monetarist blinkers and this has enhanced the credibility of its efforts to curb speculation and excessive volatility in the short-term money and foreign...
Budget and Money Market THERE arc several proposals in the central budget for 1998-99 which will have implications for the financial markets, the most significant amongst them being the proposed...
Monetary and Credit Policy THE latest monetary and credit policy announced by the RBI on April 29 in respect of the first half of 1998-99 seeks to make a significant, even if guarded, departure from...
in Investment The financial markets were marked by an abundance of liquidity throughout 1997-98, even though funds deployed by banks in non-food advances and commercial investments picked up in the...
Fiscal Impetus Missing The economy is facing a serious structural constraint Public sector investment, which crowds-in private sector output and investment, has suffered badly. Private sector...
Fire-Fighting on Policy Front Instead of operating on their long-term policy mandates, apex institutions such as the RBI SEBl and IDBI seem to concentrate on immediate, short-term issues. This...
Reversal of Premature Policies Developments in the domestic financial markets against the backdrop of the turmoil in the south-east Asian markets have punctured the claims of the authorities that...
EPW Research Foundation Fundamental Distortions Persist Recent RBI policy measures, suggesting a reversal of the liberalisation path, are a welcome attempt to curb speculation in the domestic...
