Day: October 6, 2015 Articles

In an era of free capital flows, it is difficult to say what level of reserves would be just right for the economy By Kiran Nanda India Inc.in a recent meeting with the PM Modi and his team urged the government to allow the Indian currency to depreciate further with a view to maintain its competitiveness in global trade. There is a need to examine the appropriateness of such a demand. Indian rupee has been lately declining as a sell-off in riskier assets deepened amid concern over Asia’s growth outlook.…

Today, India stands at the cusp of a major change – a transformation that could lead to unprecedented economic growth paired with radical improvements in the country’s socio-political environment. Over the past two decades, India’s gross domestic product (GDP) has risen by more than $1 trillion, and in the process, bring millions of citizens out of poverty into the burgeoning middle class. This country’s target should not be less than $10 trillion in the next two decades. By Grandhi Mallikarjuna Rao A young India, with a large digitally-enabled middle class…

The architects of ‘financial communication’ have to be more imaginative if they wish to touch people’s hearts and earn their embrace By Dharmendra Satapathy When investors hear our language they are dumbfounded and perplexed. Investment language is ‘abstract’. It is impossible to picture the insipid definitions that appear in the texts. While finance professionals may believe they speak English, the hapless customer hears French. One basic rule about good communication is, ‘help the listener imagine’; help him ‘picture’ it. Tell him ‘fast’ and ‘voila’ he can draw an image on…

Considering the average hotel unit cost per day for a consumer is likely to grow at 4% annually between 2006 and 2015, timeshares may look like good bargains. But with escalating costs of travel, food and local sightseeing, and Indians planning to increase their travel spend by 17% in 2015 for a holiday, is buying a membership to a vacation rental with a lot of fine print to read into, a good deal after all? By Manju Latha Kalanidhi If only saying #ChaloNiklo for a weekend trip with friends or…