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Vivek Kaul

  • P Chidambaram fades out, happy with himself

    On Monday evening, the finance minister, as ever, claimed all's well on the economic front. But the fact remains India will have to grow by 8.1% in January to March 2014, for it to hit a target of 5.5% during 2013-2014. It's unlikely to happen, Vivek Kaul explains. An important part of finance...

    Tuesday, 1 April 2014 - 8:40am
  • Why the threat of a downgrade remains

    On February 28, 2013, finance minister P Chidambaram presented the budget for the period April 2013 to March 2014. In this, he projected a fiscal deficit of Rs5,42,499 crore or 4.8% of the gross domestic product (GDP). Fiscal deficit is the difference between what a government earns and what it...

    Tuesday, 18 February 2014 - 7:59pm
  • Post interim budget, the threat of a downgrade remains

    On February 28, 2013, finance minister P Chidambaram presented the budget for the period April 2013 to March 2014. In this, he projected a fiscal deficit of Rs 5,42,499 crore or 4.8% of the gross domestic product (GDP). Fiscal deficit is the difference between what a government earns and what it...

    Tuesday, 18 February 2014 - 6:00am
  • Very little room left to manage fiscal deficit

    Finance minister P Chidambaram has been very vocal about the fact that the government will do whatever it takes to control the fiscal deficit. “I have said and I repeat it: this year the fiscal deficit will be contained at below 4.8% no matter what requires to be done,” Chidambaram had said...

    Saturday, 30 November 2013 - 12:48pm
  • US govt reduced to live on borrowed time

    Governments spend more money than they earn and finance the difference through borrowing. The government of United States (US) is no different on this front. The trouble is that it cannot borrow beyond a certain limit. This limit, known as the debt ceiling, was set at $16.69 trillion.

    Thursday, 17 October 2013 - 10:45am
  • FM's loan plan faces CD ratio hurdle

    Finance minister P Chidambaram wants public sector banks to cut their interest rates so that people borrow and spend more, and consumer demand improves. The trouble is that the credit deposit ratio of banks is at extremely high levels. Latest data from the Reserve Bank of India (RBI) shows that...

    Saturday, 5 October 2013 - 11:43am
  • P Chidambaram claim on front-loading expenses hides tax collection woes

    On September 30, the Controller General of Accounts (CGA) announced the fiscal deficit for the first five months of the financial year (April to August 2013). Fiscal deficit is the difference between what a government earns and what it spends. The fiscal deficit during April-August 2013 stood...

    Friday, 4 October 2013 - 9:30am
  • Will Rajan fight inflation, leave rupee to market?

    Milton Friedman was the most famous economist of the second half of the twentieth century. He believed that inflation is a monetary phenomenon. As he wrote in Money Mischief – Episodes in Monetary History: “The recognition that substantial inflation is always and everywhere a monetary phenomenon...

    Thursday, 8 August 2013 - 7:17am
  • RBI is behaving like a football goalkeeper

    A former governor of the Reserve Bank of India (RBI) once told me that in a “moment of crisis the central bank can’t be seen to be doing nothing” even if “do nothing” might be the best strategy to follow.

    Wednesday, 7 August 2013 - 8:13am
  • Adapt to India, don't wait for it to catch up with your model: Former Microsoft India chairman

    Multinational companies should not ignore India, despite it being a VUCCA market (i.e. operating in an environment characterised by volatility, uncertainty, complexity, corruption and ambiguity), Ravi Venkatesan, former chairman of Microsoft India and Cummins India, and the author of Win in India...

    Saturday, 27 July 2013 - 7:30am

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