Page 2 - Madan Sabnavis

Q1 GDP more of a statistic rather than a reflection of the state of economy

These growth numbers will moderate going ahead, as the base effect becomes weaker provided there are no further lockdowns

Need to hasten the rollout of Rs 6 trn asset monetisation plan

Do we have plans in place where these assets have been identified and the route and pricing decided so that the NMP can be set in motion is the moot question

MPC reassures status quo on rates, but changes view on inflation

The temporary supply shocks that have led to higher inflation has been kept aside by the MPC while focusing on growth

Removal of retro tax will send positive signal to foreign investors

This change in retro tax law will reflect well on the govt's efforts to improve the ease of doing business environment

Large part of FM's stimulus package will work only in medium-term

The government and the central bank's credit measures appear to show India has gotten its priorities against a possible third wave of Covid-19.

Growth it shall be: RBI's future stance for the economy very clear now

Monetary policy committee's decisions show there is slim chance of repo rate being increased in near future

GDP growth number: A pleasant surprise, but will it help in FY22?

With the second wave leading to a close down of services, in particular, progress will remain retarded

RBI gets into the act; lays foundation for more measures going ahead

The signal really given by the RBI is that while it does believe today that things have not taken a turn for the worse as all enterprises are better prepared than last year while facing lockdowns

Rupee will be in suspended animation for some time

While a value of Rs 74-74.5/$ looks fair, one can never tell. The RBI may have to intervene if the rupee crosses the 75 mark and edges upwards

RBI has been pragmatic on growth; ring-fenced the liquidity issue

The focus was to be more on the language of the RBI on growth and inflation. Here, the RBI has been pragmatic on growth with a forecast of 10.5 per cent for fiscal 2021-22 (FY22), which is quite timel

GDP numbers: Positive surprise for third quarter but negative for FY21?

The GDP forecasts do indicate that we are on the right path and in the absence of any serious localized lockdowns can be expected to accelerate with time

Budget 2021 is fiscally stimulating, but more on expenditure side

Budget has delivered a fairly effective boost on capex while bringing about some reforms in the financial sector

Banking on Budget: The five areas of focus for FM Nirmala Sitharaman

Given the series of policy announcements made by Finance Minister Nirmala Sitharaman in the last 9 months it is reasonable not to expect more this time

GDP estimates on expected lines, has fiscal implications for country

India's inability to go about doing business during the lockdown to contain the coronavirus had a profound impact on the economy

RBI policy: Clearly more sanguine on growth, but cautious on inflation

The curious message we get form the statement is that inflation is no longer the only target and we are back to the old days when both growth and inflation were targets for monetary policy

Economic recovery after Covid-19 shock make Samvat 2077 shimmer with hope

Improved economic performance, better corporate earnings, and a likely global economic recovery could be the comforting factors for the markets in Samvat 2077

Atmanirbhar Bharat 3.0 helps stressed sectors at operational level

Sector-based approach of the 12 announcements made by the Finance Minister would provide succour

Capex measures to deliver the goods rather than the consumption booster

States and centre would be spending more on projects like roads, urban development, defence as a result of Finance Minister's announcements.

RBI's focus has been on liquidity provision in the right areas

With inflation targeting being the rule, the relentless high levels of CPI inflation were to be the barrier to any further cut in interest rates

GDP data: No surprises here; need different policy measures to stem the rot

The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent