Inflation peaking.

Inflation touches to 16 year high and its reminding that another CRR wouldn't be a surprise. From next week sugar is also added to the inflation index which could possibly add atleast 5 basis points to inflation figures. Dollar depreciation is the best possible way for the government to tame inflation. But RBI doesn't seems to take any step to depreciate dollar rather its involved in depreciating rupee. Pain comes from inflation plus imports of oil.

June Industrial growth 3.5% less than growth of previous year

June industrial growth stands at 5.4% versus 8.9% (YoY) versus 4.1% in May.While infrastructure output number stands at 3.4% versus 5.2% (YoY).May industrial growth has been revised to 4.1% versus 3.8% earlier.Capital goods growth has come out at 5.6% (YoY). Manufacturing growth is at 5.9% versus 9.7% (YoY). Consumer goods growth is at 10%, while mining growth is at 2.9% (YoY). Electricity growth is at 2.6% (YoY).

Slowdown on Cards. There is huge gap of almost 3.5% YOY industrial growth which clearly shows that India is also not alien to global slowdown. If someone says India is decoupling, they're in fools' world.

But how hard is India Inc really affected this quarter? CNBC reports

I'm back

Past 4 months, I've been engaged in various issues which has made me to postpone my work in this blog. Now I've come out with a bang. I'm expecting to come out with articles that would portray the unnoticed problems in Corporate India. Ofcourse, this blog is all about this!