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| MAY 2007 |
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Invest forex reserves in equities?
The Economic Times – May 28, 2007
The RBI could do well to maintain an adequate level of reserves in the form of low-return but highly liquid assets for meeting its needs like current account financing, meeting short-term external debt obligations, restraining excessive volatility in the exchange rate, etc., and park the excess reserves in an account with an objective of maximising returns subject to acceptable risks. ... |
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IIP growth likely to hover around 9%
The Economic Times – May 23, 2007
Some particular segments of the IIP basket could pull down the rate of growth. ”I expect the IIP growth to be around 9% as there is an expected tapering down of production of capital goods and some consumer goods,” said Icrier chief executive Rajiv Kumar ……. |
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Summer Solstice: Inflation figures to get smaller
Economic Times – May 22, 2007
Economists are of the view that besides the base effect, the monetary tightening by RBI will also impact inflation in June. “Besides the base effect, the monetary measures taken six months ago will come into play in June,” Indian Council of Research in International Economic Relations economist Sanghmitra Sahu said.… |
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Inflation leashed, PM vows to tame it
Economic Times – May 19, 2007
According to economists, the drop in inflation rate continues because of a higher base last year. The wholesale price index (WPI) figures on which inflation is based moved up 0.5 points to 211.4 in the week ended May 5 from the previous week. The index moved by a greater margin of 0.9 points last year. “While the base effect has a role to play in lowering inflation, the monetary tightening of the economy has lowered inflationary expectations,” said ICRIER CEO Rajiv Kumar ……… |
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Engaging India
Financial Times - London - May 17, 2007
Higher education enrolment in India stands at just 11 per cent compared with 18 per cent for Brazil and 81 per cent for the US. If left unaddressed, India’s huge number of young people (540m are under the age of 25) will be unable to ”convert themselves into human capital, to enrich themselves and the country,” said a report released this week by Delhi-based Indian Council for Research on International Economic Relations. |
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India stable, but no upgrade: Moody’s
Livemint - May 17, 2007
Rajiv Kumar, chief executive of Indian Council for Research on International Economic Relations, an autonomous policy-oriented research organization, said: “Our public fisc really doesn’t look good, especially if you take into account the off-budget liabilities like the subsidies on petrol prices. Even in terms of revenue deficit, we are way behind the FRBM target of zero by 2008-09.” India is expected to close the current fiscal with a revenue gap of 1.5% of GDP. |
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Industrial production zooms 12.9% in March
Business Standard - May 12, 2007
“I expect industrial growth to moderate in the coming months to reflect the impact of tightening of policies by the Reserve Bank of India. The current buoyancy in the industrial production should not lead us to be complacent about the need to upgrade skills and infrastructure, which has now become binding,” said Rajiv Kumar, director and chief executive of economic think tank ICRIER.... |
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Export growth slowest in 4 years
Business Standard - May 04, 2007
“Capacity generation is a must if we have to maintain a healthy growth rate,” said Rajiv Kumar , chief executive and director of ICRIER. According to Kumar, the Reserve Bank of India should factor in the small and medium enterprises — constituting a majority of exporters in India — in its future policy decisions. He said these enterprises had been the hit the hardest due to rupee appreciation and rise in interest rates…….… |
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Trade deficit widens 40% to $57 bn
The Indian Express – May 04, 2007
“Given the rupee appreciation and higher interest costs, I expect exports to slowdown in the months ahead,” said Rajiv Kumar , economist at the Indian Council for Research in International Economic Relations……….… |
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TCA Srinivasa-Raghavan: West agenda on climate change
Business Standard – May 04, 2007
On retiring from the government, he founded ICRIER, short for Indian Council for Research on International Economic Relations. In retrospect, it is amazing how far down the road he could see because he was among the pioneers who knew that India would have to re-integrate itself with the world economy one day. In the early 1980s, this was not a fashionable view……… |
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Use forex reserves for infra: Summers
Business Standard – May 04, 2007
Summers and ICRIER chairperson Isher Judge Ahluwalia were briefing the media on the recommendations of the Eminent Persons Group, appointed by the Asian Development Bank, to suggest a roadmap for the multilateral lending institution. The report will be discussed at ADB’s annual meeting in Kyoto next month…… |
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Listed firms can now invest more in foreign portfolio, joint ventures
The Indian Express – May 04, 2007
Some experts have, however, aired their concerns on this issue. “This will reduce inflow and increase outflow in a scenario where we need more capital expansion. Rather than encouraging outflow of capital, the RBI should have encouraged greater capital absorption for capacity expansion,” said Rajiv Kumar , director and chief executive of ICRIER. ... |
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Trillion Dollar Economy Status - Mixed Blessing
Inter press Service News Agency – May 04, 2007
"The reason why the RBI is not intervening in the currency markets to depreciate the value of the rupee is because it wishes to cushion the economy from the imported variety of inflation at a time when international prices of crude oil are in the region of 65 dollars a barrel," explains Amitendu Palit, visiting fellow at the Indian Council for Research on International Economic Relations, a New Delhi-based think tank. India currently imports roughly three-fourths of its requirement of crude oil.…… |
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