We like to talk Business and Finance. Figured we should do it for a living.
Between WhatsApp & Walmart's "plans" to leave India (yeah, right!?) and chatting on the Super Bowl, we also touch:
RCom's Attempts to Game the System
The Telecom space, in general, is rather distressed in India. After kicking the can down the road for over one and half years, Anil Ambani's Reliance Communications, unable to sell its assets to Mukesh Ambani's Reliance Jio recently filed for bankruptcy.
However, with the delayed filing for insolvency, the government is staring at a potential loss of spectrum dues worth INR2,900cr. We discuss how RCom's insolvency is a classic example of the double standards omnipresent within India’s legal framework - the benefit of selective memory to create holy cows.
The Politics of Data
Business Standard recently quoted an NSSO survey which has not been made public yet, reporting that the national unemployment rate had reached a 45-year high in 2017.
Immediately after, Prime Minister's Economic Advisory Council Chief Bibek Debroy announced that the government will conduct a new national sample survey on employment, discounting the creditability of the data. The report has been the centre of controversy since.
We discuss how politics of data plays itself out in a country like ours.
The Dove has Returned to Mint Road
As per popular expectation, RBI yesterday announced a 25 basis points rate cut to 6.25% in a 4-2 vote, changing its stance to “neutral” from “calibrated tightening” .
We do a deep dive on the factors that facilitated this cut.
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