Sanjeev Sanyal: If there is a case about doing things, in certain sensible sequence. Simply distributing money is a cost. Remember, eventually we have to repay it as taxpayers and future generations will have to pay interest on it. So, none of this is free. So, if use your ammunition's upfront free, whatever it is in testing ... you have to be sure that you ran up your debt and achieve the objective is achieved. The point I am making is that we were calibrated at a point that the amount of spending we were making were own revenue which were shrinking. We have to be careful about what we did, doesn't mean we are not willing to do it or we do not feel there is a need to support demand. we have some space on the monetary and fiscal side, we have more space that we think. Our debt to GDP ratio is much lower than that of virtually every developed country in the world. So, we have such space and that space has to be sensibly used and not simply just because we have a demand … [Read more...] about Exclusive I Sanjeev Sanyal on economic recovery, IBC, financial doles, gold monetisation scheme and more
Moody’s downgraded India’s credit rating to Baa3 from Baa2. The rating agency said although a rating upgrade is unlikely in the near future, it would change the outlook on India’s rating to stable if policy actions were to raise confidence that will rise to sustainably higher rates. … [Read more...] about Business Insight | What Moody’s latest rating reveals about state of Indian economy
Equity funds in July witnessed an outflow for the first time in more than four years, with outflow in equity cash segment doubling compared to June.The inflow into equity funds has been declining for five consecutive months. In July, mutual fund houses sold Rs 2,480 crore in equity schemes against an inflow of Rs 240 crore in June. The outflow in the cash segment was Rs 7,231.99 crore in July against Rs 3,689.67 crore in the previous month. … [Read more...] about Mutual funds bought 10 stocks and exited 9 in July, do you own any?
Ever wish you could ditch your ISP for one with higher speeds and lower costs? Too bad. According to a new report from the Institute for Local Self Reliance, a local community economic development advocacy group, tens of millions of Americans have no real choice in who their Internet service provider is. … [Read more...] about Hate your internet provider? Here’s why you might be stuck with them
For those with a longer two to three years horizon, short-duration funds are suitable. Equity savings or balanced advantage funds are other good options for such a timeframe. Including these low-risk equities, hybrid funds pay off post-tax, especially for high-tax individuals. Quick note – debt fund categories do not indicate the level of credit risk (apart from corporate bond and credit risk funds). … [Read more...] about Investors have turned cautious due to debt crisis in MF industry, says FundsIndia Founder