tag:blogger.com,1999:blog-40466712247727561432024-09-09T00:29:00.537+05:30by Dr. Anilkumar G GaragDr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.comBlogger63125tag:blogger.com,1999:blog-4046671224772756143.post-89228696404256707972021-08-30T00:10:00.000+05:302021-08-30T00:10:34.689+05:30

 Nifty breached the lifetime high once again on Friday, while the entire world waited with bated breath to listen to Jerome Powell, the Chairman of the Federal reserve system speak at the Jackson Hole Symposium. This symposium is an annual ritual hosted by the Federal Reserve of the State of Kansas. This year’s symposium has attracted a lot of interest due to the recent remarks of Powell

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-57064651927749101132020-01-29T22:18:00.002+05:302020-01-29T22:18:21.759+05:30

Budget session on saturday seems to become a dud as far as stock market is concerned. The Government is in no mood to give stops as expected by the stock markets. Some predictions Individual income tax rates will surely be revised to ensure that anybody earning less than 10 lakhs need not pay income tax. This will not be through direct change of slabs but by increasing incentives u/s 80C and 80D

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-54897420180276956182019-04-26T14:57:00.002+05:302019-04-26T14:57:43.164+05:30

Most of my friends keep asking me what will happen to the Stock markets after the elections. I am not somebody who can predict the results of an election, therefore I would not like to venture into that. What I would rather do is contemplate on the possible outcomes of these elections. Scenario 1. NDA wins with BJP getting past the 272 mark: The markets will celebrate this victory by showing us

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-22915235799262632682018-09-06T18:06:00.000+05:302018-09-06T18:06:02.765+05:30

Recent events in the world and the prices of crude point to the possibility of oil racing towards $ 70 per barrel have brought in the bears out of their winter sleep. The talk is all about how crude will hit $100 per barrel and how INR will be devalued to INR100/USD. Some pundits are gleefully rubbing their hands in anticipation and waiting to say "I told you So". When all this is going on in

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-9748005947530390152018-03-16T21:08:00.002+05:302018-03-16T21:08:52.474+05:30

Managing an economy with a committee format is a challenge in itself. A professor friend once joked and said that "A Camel is a horse as defined by the Committee". Inflation based on wholesale prices has been reported at 2.8% and Consumer price based inflation has been reported at 5.1% at these inflation numbers the real interest rate is 3.2% (based on the repo rate of 6% as the nominal

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-21408321629231238112017-06-10T11:23:00.000+05:302017-06-10T11:29:26.876+05:30

The newspapers and all other media are rife with the coverage on farmers agitation. Voices from all political parties in all colours are striving to show solidarity with farmers. I have been a farmers grandson and have observed rain based agriculture for 20 years before our farm was taken away by the brutal tenancy act and a bunch of lies. It is generally understood that small land holdings,

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com1Hubballi, Karnataka, India15.3647083 75.12395470000001315.2422193 74.962593200000015 15.4871973 75.285316200000011tag:blogger.com,1999:blog-4046671224772756143.post-16563161367764512092016-10-05T12:30:00.000+05:302016-10-05T12:50:50.720+05:30

On 24-25 September 2016, Prabuddha Bharat Belagavi had organised a "State of the Nation Conclave 2016" the Conclave was supported by the Visvesvaraya Technological University and Rani Channamma University. The conclave was addressed by renowned speakers and I was also asked to present my reflections on the State of the economy. Below is the text of my reflections at the conclave. "It is

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-8880599924623014672015-03-03T16:16:00.002+05:302015-03-04T00:03:03.606+05:30

Hi, Its been a long time that i have actually visited my own blog and tried to type. on 28th February we had an amazing session at our college. We had organized a budget viewing session on the large screen at our college auditorium, this was followed by a few remarks by experts on finance, economy, agri-horticulture and taxation. The highlight of the programme was the presence of Shri.

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-49154255705078129762014-01-28T11:56:00.003+05:302014-01-28T11:56:36.946+05:30

It has been a long time that I have written on the economic policy, given my propensity to criticise the economic policies and particularly the monetary policies, I had thought that my days as a critic were numbered with the appointment of a charismatic and learned RBI Governor (Indiana Jones). Alas! that was not to be. The governor blinked again, isn’t it ironic that once one gets on to the

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-39873201385368933832013-08-24T21:50:00.001+05:302013-08-24T21:50:27.864+05:30

This is an article that I wanted to write for a long time and had not found the motivation to do so. We have witnessed the fall of INR and have heard many versions about how to stem the rot. Here are my views, not on how to strengthen the Rupee but on how to strengthen the country: India is suffering from high inflation for a long time now and there seems a big gap in the steps that the Indian

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-39458439229584322902012-03-20T16:34:00.000+05:302012-03-20T16:34:03.670+05:30

This year's budget has four points which have caused anxiety. 1. Raising Service tax to 12% and creating a negative list of services. This act of the finance minister has put a plethora of services in the ambit of service tax. Indirect taxation in itself is a very demotivating tax for entrepreneurs. "Value Added Tax" or excise duty are taxes for adding value to the raw material so that the

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com1tag:blogger.com,1999:blog-4046671224772756143.post-82380192169584202952011-11-29T10:49:00.000+05:302011-11-29T10:49:55.458+05:30

The cabinet approved 51% FDI in multi-brand retail in the last week. The rumour mongers and spin doctors of the government have started talking as if they have taken a giant step in the direction of development of Indian Economy. Lets take a look at what are the fall outs of 51% FDI in multi brand retail. If the larger retailers really warm up to this idea and invest in or country, who will

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com1Davanagere, Karnataka, India14.4663438 75.9238397000000314.435343300000001 75.897575700000033 14.4973443 75.950103700000028tag:blogger.com,1999:blog-4046671224772756143.post-30598264766018328452011-08-27T22:30:00.005+05:302011-08-28T00:19:08.376+05:30

The entire episode of Anna and his struggle to bring about the issue of corruption center stage has brought about some key take-aways. 1. The youth and the middle class population of India have become politically aware and they should shed their cynicism and VOTE in the next election. 2. We should not be carried away by tokenism of the politicians: like spending a night at a villager's house (

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com1tag:blogger.com,1999:blog-4046671224772756143.post-46935688847799569252011-06-10T15:23:00.003+05:302011-06-12T11:14:38.419+05:30

Let us all pledge to do our bit to free India from the clutches of Corruption and Black Money by taking these simple but very DIFFICULT STEPS1. Ask for a bill on every purchase and pay the Sales Tax.2. Give Receipts on every sale and pay the VAT/Sales Tax3. Declare the correct amount on every sale or purchase of Land and Flat and Pay the registration tax that is applicable.4. Never demand or pay

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-29093040680534694272011-01-18T21:27:00.003+05:302011-01-18T21:44:07.248+05:30

Let's look at what's the problem with the markets. Nifty went to about 5650 and bounced back today. I think this is just a small bounce. Nifty is headed towards 5500 before it decides which way to go. In fact, I heard a nice joke the other day. Somebody said that Nifty has made a Ghazini pattern. It forgets where it is going after every fifteen minutes. There is a lot of bad news for the Nifty to

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com1tag:blogger.com,1999:blog-4046671224772756143.post-2285439669594052182010-11-24T10:43:00.004+05:302010-11-24T11:23:49.030+05:30

Obama visit has triggered off the fall in the markets as expected. If India is to create jobs for Americans we can now coin a word called "newarked".Newarked: means you just lost your job to a Newyorker/ American. you can also say that your job was newarked, meaning it was given off to an American.Antonym of Newarked: Bangalored.Anyway, now that Obama has come and gone, let's get back to business

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com2tag:blogger.com,1999:blog-4046671224772756143.post-44684388050583030122010-09-02T17:04:00.004+05:302010-09-02T18:24:52.532+05:30

Whenever we talk of financial ratios, some students of finance who read only text books come up with weird rules and standards. On Monday I was conducting a viva-voce exam for some students. Most of the summer projects were ratio analysis of the company that they had worked in as interns. First of all ratio analysis is not a two month activity, at best it can be a three hour activity or an

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com1tag:blogger.com,1999:blog-4046671224772756143.post-78849040720651467182010-07-24T12:19:00.003+05:302010-07-24T13:07:39.340+05:30

The Economic advisor to the prime minister says the economy is doing fine and we can expect a growth rate of 8.5% this year. Good News.As always I am a naysayer and my only grouse is that we have inflation running at an average of 10% for the last four quarters and with nominal interest rates lower than the inflation rates we have already run into negative real interest rate territory for the

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com1tag:blogger.com,1999:blog-4046671224772756143.post-52856849042911437292010-07-14T10:34:00.001+05:302010-07-14T10:35:35.453+05:30

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Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-22686448958934678702009-10-28T10:15:00.004+05:302009-10-28T12:38:05.806+05:30

That seems to be the mantra from our venerable Governor of the RBI. this credit policy is just a tweak with respect to raising the SLR to 25%. All the other rates have been maintained at the same level. RBI's review has pared down the GDP growth outlook of 6%.The stimulation of the economy on the back of the financial crisis in the form of eased liquidity remains nearly constant. The powers that

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-29371264181326595262009-07-29T12:09:00.007+05:302009-07-30T16:14:55.976+05:30

The Reserve Bank of India has come out with its annual policy document which we popularly refer to as the credit policy. This time theRBI has maintained the bank rate at 6.0% repo at 4.75% and reverse repo at 3.25%. It has also maintained the CRR at 5% of the net time deposits. The GDP forecast has been pegged at 6% and inflation is being expected to hover at 5%. RBI also expects that the gross

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com3tag:blogger.com,1999:blog-4046671224772756143.post-39035319661180831892009-07-06T12:56:00.008+05:302009-07-06T15:53:14.798+05:30

If there can be a perfect example for a damp squib, this is it! my earlier post I had opened a discussion on the role of media in creating a hype about the union budget and had also mentioned what can be realistic expectation of the new regime.I was spot-on, in saying that no fireworks could be expected.Now let see some of the important budget provisions and find out what they mean for you, me

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com1tag:blogger.com,1999:blog-4046671224772756143.post-64457447194942665842009-06-30T10:17:00.007+05:302009-06-30T15:11:17.436+05:30

If you happen to watch the business channels these days, all of them want to sensationalise and make news of something there is no news about. these news channels survive on sensationalising the banal. That's exactly the thing they are doing with the upcoming budget. they have already labeled it as the "Big B" (The original Big B must be squirming at the thought of this unlikely and banal

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com1tag:blogger.com,1999:blog-4046671224772756143.post-77691227590855713492009-06-09T17:32:00.004+05:302009-06-09T18:13:16.263+05:30

I am writing this after a long time. In the meanwhile as the powers that be changed and exchanged their jobs, me too changed the job (you can find out about it on my profile). The last month has proved it again that as more things change, they remain the same. The Loksabha saw the first skirmish of what was to come in the next five years. DMK and UPA do not seem to see eye to eye on the

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com0tag:blogger.com,1999:blog-4046671224772756143.post-68299601026078832912009-05-19T09:44:00.006+05:302009-05-19T15:17:58.677+05:30

The Indian stock markets hit two circuits and were closed for the day. It was an unprecedented thing that happened.A decisive win for the UPA has brought back the bulls in the market with a long list of wishes.1. Easing of FDI norms for Insurance sector.2. Reform in the banking sector (especially on the labour laws side)3. Disinvestment from public sector undertakings to make up for the deficit

Dr. Anilkumar Garaghttp://www.blogger.com/profile/18249563497080776192noreply@blogger.com2