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Jitters About Jitters


Read between the lines, especially on interest rates.

Not sure I agree with him on inflation. The labour component of many goods and service combos means higher prices(inflation),at least at a level that the RBI is missing. For example, check the prices that are trending upwards on street food. The likes of Vada Pav and Chinese Bhel are not my regular dinner, but is so for much of the labouring classes of Mumbai. One step above, at the cheapest eateries of the Irani and Udupi variety, the increase in prices is steeper and/or quantities are smaller or formerly free side-dishes are now absent. Check the substitution of urid dal with other cereals, coconut with besan and the emerging story is different. People at the margins now have clothes and shoes, maybe even mobile phones, but not everyone is able to afford a satisfying and nutritious meal. I’m struck by the similarity with a lot of the domestic cost cutting content on the internet originating from the US and Russia.

Thinking that the RBI needs some real agriculture experience.

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DBG-Married To The Boss


wealthymatters.com

As Dipali Balkrishan Goenka (DBG), 44, takes charge as managing director of Welspun India — the original textile company, started by her husband 28 years ago — she finds herself in the news. Indian corporate history has occasionally seen the First Lady of family business houses play a limited behind-the-scenes role in the business, but for the most part they have focused on CSR (corporate social responsibility) activities. Now, for the first time, the spouse of a major industrialist is to be promoted to the top job in a widely held company. Welspun India’s revenues and profits are a third of the group’s 17,000 crore turnover and it employs more people than all the other companies put together. Read more of this post

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