A quarter percentage point cut in the Reserve Bank of India (RBI)’s policy rate was not unexpected (although the market was vertically divided, a few, including me, were expecting a rate cut) but it’s not obvious why the central bank has decided to bring down its policy rate to 6.25%, a six-year low. It’s also very likely that this will be the last rate cut for this fiscal year.
John Stumpf got added to the list of CEOs over the last year who have pleaded to ignorance to scams happening in their organisations right under their nose. Showing that CEOs seem to be getting away almost anything. In a sense, they seem to be increasingly protected from any wrongdoing in their own organisations.
On Tuesday, a group of five men and one woman will decide whether the Reserve Bank of India (RBI) should cut its policy rate—a decision which had all along been the prerogative of one person: the RBI governor. Indeed, there’s been a technical advisory committee (TAC) since June 2009 to give inputs for policy-making but, unlike the six-member monetary policy committee (MPC), it did not have statutory status and hence the governor was under no obligation to accept its suggestions. On most occasions in the past seven years, the RBI has not done what most members of TAC have wanted it to do.
‘Treat Customers like God’. Do you subscribe to this axiom for doing business?
If you ask a B-School student to name some differences between grad school & a B-school, the method of teaching is going to be right at the top of the list for most of us.
Within the last few years, CFA has created a reputation as a niche certification for students aspiring to create a career in Finance. Presented below are the excerpts from an interview with Akshay Garg, a second year student at IIM Rohtak who has recently cleared the CFA Level 2 exam.
Maggi 2 - Minutes Noodle, till recently was the largest selling & arguably the most loved brand of noodle in India.
A quarter percentage point cut in the Reserve Bank of India (RBI)’s policy rate was not unexpected (although the market was vertically divided, a few, including me, were expecting a rate cut) but it’s not obvious why the central bank has decided to bring down its policy rate to 6.25%, a six-year low. It’s also very likely that this will be the last rate cut for this fiscal year.
John Stumpf got added to the list of CEOs over the last year who have pleaded to ignorance to scams happening in their organisations right under their nose. Showing that CEOs seem to be getting away almost anything. In a sense, they seem to be increasingly protected from any wrongdoing in their own organisations.
On Tuesday, a group of five men and one woman will decide whether the Reserve Bank of India (RBI) should cut its policy rate—a decision which had all along been the prerogative of one person: the RBI governor. Indeed, there’s been a technical advisory committee (TAC) since June 2009 to give inputs for policy-making but, unlike the six-member monetary policy committee (MPC), it did not have statutory status and hence the governor was under no obligation to accept its suggestions. On most occasions in the past seven years, the RBI has not done what most members of TAC have wanted it to do.
‘Treat Customers like God’. Do you subscribe to this axiom for doing business?
If you ask a B-School student to name some differences between grad school & a B-school, the method of teaching is going to be right at the top of the list for most of us.
Within the last few years, CFA has created a reputation as a niche certification for students aspiring to create a career in Finance. Presented below are the excerpts from an interview with Akshay Garg, a second year student at IIM Rohtak who has recently cleared the CFA Level 2 exam.
Maggi 2 - Minutes Noodle, till recently was the largest selling & arguably the most loved brand of noodle in India.
