First quarterly review of monetary policy 2010-11
Jul 27th
Highlights of the policy
RBI Governor, Dr D V Subbarao announced the first quarterly review of monetary policy today. The measures taken were quite on the expected lines (Read our article on monetary policy expectations).
Benchmark Repo rates hiked by 25 bps to 5.75% with immediate effect.
Benchmark Reverse Repo rates hiked by 50 bps to 4.50% with [...]
RBI likely to raise rates in todays monetary policy review
Jul 26th
RBI is going to announce the First quarterly review of monetary policy in some time and unlike last time, expectations are quite clear this time. Last time, in April, analysts were divided in opinions about a 25 bps hike or a 50 bps hike or no action by RBI. But this time, analysts are almost [...]
Overnight Index Swap 3 – Uses of OIS
Jul 20th
This article is part 3 of the series on Overnight Index Swap. To see first part of Overnight Index Swap series click
Overnight Index Swap – 1
Overnight Index Swap – 2
Users of Overnight Index Swap
As per RBI guidelines, banks, financial institutions, primary dealers and corporate have been allowed to transact in OIS
Uses of Overnight Index Swap
Asset [...]
Phase 2 of IFRS 9: Exposure Draft on Amortised cost and Impairment
Jul 12th
Further to our earlier explanation of IFRS 9 (click here to read), our analyst Shalini Tibe comments on the exposure draft of IFRS 9. We hope the information is useful to you.
Exposure Draft (ED) proposes to replace Incurred Loss Model for the assessment of impairment of financial assets measured at amortized cost currently included in [...]
Bond market/ G-Sec update
Jul 11th
Yields on Government securities rose to the highest level in two weeks following the mid-term 25 bps rate hike by RBI on last Friday. Benchmark 10 year bond, 7.80% 2020 security rose 8 bps to 7.64% from 7.56% close of last week.
As expected, yields opened stronger on Monday, but later were dragged down due to [...]
What moved Sensex
Jul 11th
Among expectations of good Q1 results, equity markets cheered this week with gains of 2.1% or 373 points for the week to close at 17,833 following a 0.6% loss last week.
Markets had lots of good news this week. IMF raised the projections for Indian growth rate for the year 2010 to 9.5% citing reasons like [...]
European Central Bank (ECB) in 2008 = RBI in 2010
Jul 7th
I am sure that the subject of my article would be very confusing for some of you or may be strange for a lot of you. What I am trying to convey with this one is again some graduation level economics which I studied during my Macroeconomics paper in 2005, which I believe the world [...]
Capital Gains Tax
Jul 6th
This is the second article in the series of discussion related to Direct Tax Code. The first article was -
Brief On Revised Discussion Paper For Direct Tax Code (DTC) For Minimum Alternate Tax (MAT)
Capital Gain Tax
Brief On Revised Discussion Paper For Direct Tax Code (DTC) For Capital Gains
Current Situation:
Short-term capital gains (STCG) arising on [...]
Sector focus: Pharma
Jul 5th
Pharma Sector to Outperform in 2010
In an earlier article – July Could be Jittery For the Markets - about equity market, our analyst Rahul advised you to be cautious while investing in equity market in the month of July (click here to read). Thus it becomes extremely important to select the sector in which to invest. [...]