Page 3 - Jamal Mecklai

Uttar Pradesh, Haryana, Punjab and Rajasthan refused

Punjab and Rajasthan

Jamal Mecklai: Controlling gold imports

The government should immediately rescind the import duty hike and implement a simple scheme to bring as much of India's huge gold holdings as possible into the financial system

Jamal Mecklai: A new Goa

Today, with mining in Goa banned, the equation is simple: $4.8 billion a year is the cost of clean air and water

Jamal Mecklai: So, what's with the yen?

The yen is its own animal, with unique behaviour patterns, reflecting the uniquely magical nature of Japan

Jamal Mecklai: Financial innovation that's real

Jamal Mecklai: As the year turns...

India's governance revolution is well under way as is evident from the Aadhar programme and the corruption issue now being in the centre of Indian consciousness so loudly that there is no turning back

Jamal Mecklai: RBI should embrace speculation

RBI should recognise need to bring the ratio of minimum to average volatility up to at least 75% , the level that prevails in global foreign exchange mkts

Jamal Mecklai: On to 2016!

While it was hardly a surprise that Romney got votes from majority of older, white Americans, Obama won by defining the constituency of future

Jamal Mecklai: To ECB or not to ECB

Widening the permissible use for external commercial borrowings may not play very well with rating agencies, but it may end up working quite well in practice

Jamal Mecklai: Havala, politics and the rupee

Of course, markets know nothing about equilibrium, by their very nature they overshoot, undershoot and bounce wildly around equilibrium values

Jamal Mecklai: Congratulations, Europe

ECB will increasingly sound like the Fed, keeping interest rates near-zero for as long as it takes. Germany will live with higher inflation, euro will soften steadily

Jamal Mecklai: The smart money's on Barack Obama

By virtue of being the incumbent, Mr Obama is probably the favourite & would likely fetch odds of 7 on 10, or in a bad poll week, even 75 on 100

Jamal Mecklai: Champagne and vada pao - again?

There is some more room for rupee strength, particularly if the govt confirms its leadership strongly, global events will also exercise considerable impact

Jamal Mecklai: I'll do anything...

Germany should take the bull by the horns and leave the euro. All countries should revert to their original national currencies

Jamal Mecklai: Making money isn't supposed to be easy

Investors have shifted focus to firms that are consumer-facing or in exports & have demonstrated strong governance practices

Jamal Mecklai: How did bankers become sexy?

Being straightforward is no longer part of financial services industry. Hiding key information has become part of the competitive edge

Jamal Mecklai: Who is tomorrow's Narasimha Rao?

It is extremely difficult for a weaker economy like ours to get things moving at an acceptable pace

Jamal Mecklai: The rupee's good news

First off, it is clear that the rupee is breathing a little bit easier than it was a couple of weeks ago

Jamal Mecklai: Measuring sentiment

Like love, 'sentiment' is an intangible and can't really be measured

Jamal Mecklai: Is the euro going down?

Ever since the European sovereign debt crisis first came into sharp focus in late 2009, talk about "the end of the euro" has been going on and off