It is not unusual to find people carrying their personal belongings in cartons post lunch on Friday afternoons outside various offices in most of the major cities in the USA and other developed countries. They await their cabs to take them home. They have just received their pink slips and lost their jobs. While someContinue reading “From Pink Slip to Greener Pastures”
Category Archives: Covid-19
NOT MADE IN CHINA – VOCAL FOR LOCAL IN INDIA!
NOT MADE IN CHINA. This is not a call anywhere, yet. However, members of the pro democratic party in Hongkong peddling merchandise labelled “NOT MADE IN CHINA” have been proceeded against. We have also seen China pushing forward for the implementation of the National Security Act in Hong Kong too. So much for the one countryContinue reading “NOT MADE IN CHINA – VOCAL FOR LOCAL IN INDIA!”
Fear in these uncertain time and expectations from RBI
Uncertainty and fear go together. What is certain now, progressively, is that the World is getting into a recession. What is also certain, is that this uncertainty will continue till a vaccine is available. While 170 Pharma companies/labs are actively pursuing this, almost in a race with each other, there is a great expectation thatContinue reading “Fear in these uncertain time and expectations from RBI”
The Great Indian Conundrum – Starting the investment cycle?
The Indian economy had slowed down, for various reasons, prior to the Covid crisis. Kick starting the economic revival to our potential growth was being actively debated. Then Covid happened and spread. We had to choose between economic health and public health and we prioritised the latter, quite rightly so. Economic activity reduced considerably affectingContinue reading “The Great Indian Conundrum – Starting the investment cycle?”
NBFCs in India – an existential crisis?
It all started post Lehman in India. We decided to fire on both cylinders – monetary and fiscal. What came to be known as the GFC had not hit us directly, we had no sub prime mortgages and relatively no asset bubble so to say. We reduced the Repo by 425 bp over six months,Continue reading “NBFCs in India – an existential crisis?”
Just Do It!
Every news channel and e-paper in India and abroad has only one news – Covid-19, and naturally so. Viewers eagerly look forward to hearing about its abatement, development of a new vaccine, relaxation of lock down, but, are alarmed instead, by the steady increase and spread of the disease across the globe. Every morning andContinue reading “Just Do It!”
Predictable and Avoidable
A MSME borrower approached me yesterday and sought my advices to survive the present crisis as his main supplies of raw material had been discontinued since January and by the time he was able to arrange for alternate supplies and ship his finished goods, the entire world had got into a lock down and hisContinue reading “Predictable and Avoidable”
The Long Haul
The country has, and rightly so, chosen public health over economic health. While the fatality rate is expected to be around 2%, the value of even a single human life would more than offset the economic setback that we would suffer. Steps have been taken by the government to ensure public health and as weContinue reading “The Long Haul”
The Indian Banker 