“That is how we think about any opportunity and obviously it goes without saying that if there is something which makes sense for us we will always keep an open mind.”
Private capital investment may begin to pick up by the end of the year, and for the time being, it’s the government that is doing the heavy lifting. All those assets that fell into the ditch remain in the ditch.
Just like Bernanke who said the Fed could “taper“ bond purchases, Patel said the central bank is moving to “neutral“ stance on interest rates, from accommodative.
Pleasing everyone is impossible. Does it aim to deliver benefits to the vast majority of the population? Are there ideas to correct past mistakes and lay the foundation for better days?
An attempt was made to move the regulation and supervision of the repo market to the Sebi, but was aborted after then Governor Raghuram Rajan opposed it.
When it comes to understanding the Indian financial system, Dr Acharya knows what is lacking.
The 42-year old New York University professor has as much music compositions to his name as research papers on systemic financial risk.
Former ICICI Bank chairman says Modi govt’s demonetisation move has been heralded internationally as country and banks win in demonetisation.
"If the game is also to compress the amount of currency in circulation, and move things digitally, I think the government ends up holding a lot of cards in its hands."
In the absence of crystal ball to figure out what “demonetisation“ would lead to, a look at the stock market and the aviation industry may help.
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