(From my Yahoo Piece) The government has not been able to divest public sector company shares in the market, due to depressed investor sentiment as markets have fallen over 20% in the year. The lack of this "extra" revenue means that total government receipts — or "income" — have fallen 18% compared to last year [...]

Posted in Credit Repair, Economics, Yahoo Comments Off

I’m going to repeat this chart (see last time) as there are interesting things we are seeing. I’ll repeat the chart’s description: Reserve Money is the base money of our banking system, a level before the banks come in an multiply it with credit. It consists of the money RBI prints (“currency with the public”), [...]

Posted in ChartOfTheDay, Credit Repair, Economics, Inflation Comments Off

Reserve Money is the base money of our banking system, a level before the banks come in an multiply it with credit. It consists of the money RBI prints (“currency with the public”), the reserves banks keep with the RBI (which is a factor of how much they lend out) and some riff-raff. Typically, a [...]

Posted in ChartOfTheDay, Charts, Credit Repair, Economics, InterestRates Comments Off

Sandip Sabherwal makes the point that our WPI inflation is based almost entirely on commodities, and is seriously correlated with the CRB/Reuters index (a global index on commodities). – In my first iteration I just took the WPI figures as they are over the last 12 years and did a correlation with the Reuters CRB [...]

Posted in Credit Repair, Economics Comments Off

RBI releases a report on the Deployment of Bank Credit by Sector, on a monthly basis. The chart of the day has an treemap plot of this data. The size of a block corresponds to the amount of credit to that sector, and the color is the growth over last year (scale on top right). [...]

Posted in ChartOfTheDay, Charts, Credit Repair, Economics Comments Off

Oh, you have to see this, to understand how much we actually influence our decisions:

Posted in Credit Repair, Economics Comments Off

The RBI governor, D Subbarao, speaks in the Statistics Day Conference: (Emphasis mine) …in the Reserve Bank we are handicapped by the reliability of some of the basic data that we need to use in policy calculations. In particular, the data we get on unemployment and wages do not inspire confidence as regards quality. The [...]

Posted in Credit Repair, Economics Comments Off

Ajay Shah writes on the CAD: Under a floating rate, the current account deficit is the same as net capital flows. Net capital flows finance the current account deficit. The exchange rate is moving constantly so that the two are equalised. It’s no longer the case that each of these have a distinct and unrelated [...]

Posted in Credit Repair, Economics Comments Off