The 15th Edition of CNBC-TV18's India Business Leaders Awards was held on the night of February 28 in Mumbai. The event saw the who's who of the corporate world in attendance, with awards presented by Union Finance Minister Nirmala Sitharaman and Maharashtra Chief Minister Uddhav Thackeray. … [Read more...] about CNBC-TV18 India Business Leaders Awards 2020: Here’s the full list of winners
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On January 4, at a roundtable with former Fed bosses Janet Yellen and Ben Bernanke, Powell said he’s listening closely to the market’s fears of a slowdown, that he’ll change policy if there’s a slowdown and the changes in policy could include the timeline of shrinking the balance sheet. The markets whooped with joy. An upbeat TV analyst hit the nail on the head when he dubbed the rally as ‘Goldilocks with a capital J’ -- a reference to Jay Powell. That’s because Powell signalled that the Fed ‘put’, the policy of backstopping the markets initiated by former Fed Chairman Alan Greenspan, is alive and well. … [Read more...] about Opinion | Central banks’ ride to rescue the markets once again
There is, though, one respect in which this virus-induced crash is different. Central bank injections of liquidity cannot cure the disease, nor will they arrest its spread. As we have never tired of reiterating, the markets had run-up on a gush of liquidity unleashed by central banks around the globe. They have run up, as we have pointed out ad nauseam, far ahead of the ‘fundamentals’. They had gone up in the belief that central banks had the markets’ back and would rush to their rescue at the slightest wobble. That hope still exists, which is why the markets are now clamouring for a Fed rate cut in March and two more rate cuts this year. Central banks in China and some other Asian countries have opened their purses. Governments too are doing their bit — Hong Kong is planning to give all permanent residents above 18 a hand-out of HK$10000. … [Read more...] about Moneycontrol Pro Weekender: Time to pay the bill?
Two months ago, the Organisation for Economic Co-operation and Development (OECD), the rich countries’ club, brought out its leading indicators for the month of September 2018. These composite leading indicators (CLI), as they are called, are meant to anticipate economic activity six to nine months ahead. … [Read more...] about Opinion | Can Trump heroically bring the world economy back from the brink?
Q: Will the Reserve Bank of India cut rates on the basis of this retail inflation number?A: That is unlikely. To be sure, retail inflation is now well below the RBI’s four percent target. But the central bank will look through the base effects. It will also consider that core inflation remains high and it has said that the output gap has all but disappeared. The media is full of reports of the government planning plenty of freebies before the elections, which will have an adverse effect on the fiscal deficit, especially as Goods & Service Tax (GST) collections are way below target. Crude oil prices are volatile and need to be watched carefully. The rupee too has been weakening again. Under these circumstances, the Reserve Bank of India will probably shift its stance back to neutral and wait and watch. … [Read more...] about Quick Take | 6 questions answered by inflation numbers