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Feb 16, 2015

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News Bits - 16 Feb 2015

  1. Budget may announce SEBI-FMC merger.
  2. Pakistan violates ceasefire again, Pakistan Rangers on Sunday opened fire at Tawi area in the R.S. Pura sector of Jammu district.
  3. Israel Defence Minister to visit India this week to participate in “Aero India 2015” in Bengaluru.
  4. Petrol, diesel to cost more.Petrol price was increased by 82 paise a litre and diesel by 61 paise on Sunday, reversing the declining trend of the

[Ed] Tobin tax makes a lot of sense

It is a more elegant way of dealing with volatility in FII debt flows than slapping a lock-in period of three years
The nervousness is back, and so are direct physical controls. In an otherwise staid monetary policy document released on February 5, 2015, Reserve Bank of India Governor Raghuram Rajan has inserted one small restriction: henceforth all foreign portfolio investors investing in debt instruments — issued by government or private sector companies — have to hold on to their investments for a minimum of

[Ed] Growth starved

The latest official industrial production and consumer price index (CPI) data reinforces the central fact that growth in the Indian economy remains weak, even as inflationary pressures have clearly subsided. This, notwithstanding the relaunched national income accounts series generating fairly robust GDP growth estimates and the new CPI with a revised reference year (2012) showing inflation to be marginally lower than

[Ed] Prospects for peace

Doubts over the durability of peace in Ukraine despite the ceasefire that formally came into effect on Sunday, represent a dangerous augury in the months-long, bloody and bitter conflict between government and separatist rebel forces. Prospects of any swift cessation of hostilities were thrown into jeopardy after differences surfaced even as the deal was being drawn up, with some players advocating an immediate suspension of violence and others

[Ed] Not measure for measure

With a plethora of government departments and international organisations putting out so much statistical data in the public space, often contradicting one another, it is the government’s duty to clear the air with up-to-date and coherent statistical data linking social and economic indicators
Purchasing Power Parity or PPP has validated a long held surmise that the poorer countries are not as badly off as they are made out to be nor the richer ones as well off as they seem. A nominal GDP ranking puts India at tenth place while a PPP one pushes

The Hindu News - 16 Feb 2015

Israel Defence Minister to visit India this weekIn a landmark diplomatic engagement, Israel Defence Minister Moshe Ya’alon will visit India this week to participate in “Aero India 2015” in Bengaluru, which is starting on February 18, and also conduct high-level meetings in Delhi. The Minister will inaugurate the Israeli Pavilion at Aero India. Though both countries have deepened bilateral cooperation, especially the