Subbarao has been stubborn on bringing down inflation before yielding on demand for sharp interest rate cuts to revive growth.
"Today, the number of companies who can do transformational mergers and acquisitions are few and far between," Sanjay Bhandarkar said.
The rupee may depreciate 10% versus US dollar as weakness in other Asian currencies converges with India's fragile external economy.
"Policy-makers think ‘this time is different’ when it comes to economic woes. An external account worse than 1991 could roil the currency and this time may be no different."
After having burnt its fingers by aggressively lending to the telecom sector, Standard Chartered Bank has almost cleaned up its corporate loan book under its new country head Sunil Kaushal.
"P Chidambaram, with the creation of the cabinet committee was supposed to speed up major projects, but that hasn't happened."
There was hardly any time for traders to enjoy the feel good factor, the only possible outcome of the 25 basis points reduction.
There’s always an argument that monetary policies work with a lag. But in this case the lag appears to be too long for a developing economy.
FM’s austerity drive to save investment-grade rating and keep his promise on reining in fiscal deficit, has led to an avalanche of corporate rating downgrades.
Banks from the West are shrinking in markets other than their homes, thanks to tighter regulations post-2008 crisis and falling business volumes.
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