Accenture India’s MD of Asia Pacific Energy Sandeep Biswas explores the potential of Indian PSUs to achieve the scale and size of International PSUs.
Bharat Petroleum’s CMD, RK Singh speaks to Bloomberg TV India’s Mini Menon about the challenges that oil marketing companies are facing. In this segment, RK Singh outlines the problems caused by the falling Rupee.
BPCL’s CMD RK Singh delves into BPCL’s unique strategy to move into upstream operations which started with a move to expand globally with acquisitions since 2008 including the recent find at Mozambique.
Accenture India’s Sandeep Biswas delves deeper into BPCL’s business and takes a look at the role PSUs play in driving growth in an economy like India. The segment also seeks to answer the question: Is being owned by the government is and advantage or restriction when it comes to growth?
Declining rupee is not just a concern for the government, but a big worry point for corporate balance sheets as well. India Inc, rushing to take dollar denominated debt over the last three years, is now coming to regret it.
The rupee may have stabilised but the currency crisis is far from over with a ballooning balance of payment and an external debt of nearly $400 billion. Jitters across north block and regulators as short term debt repayment in the next one year is close to 60% of forex reserves...is the govt doing enough or rather can anything really be done to stop this forex fire given that India's 284-billion dollar foreign exchange reserves cover less than six months of imports
Subir Gokarn Former Deputy Governor at the RBI and now director-research, Brookings institute, said that the U.S Fed Chairman's statements suggested quantitative easing (QE) tapering and that QE commitments would be rolled back eventually. Signs of liquidity are easing, causing asset revaluation of all subjects
Subir Gokarn Former Deputy Governor at the RBI and now director-research, Brookings institute, expects investors to risk free assets. He points out that the government needs to take steps to narrow the current account deficit as well as needs to address policy changes. "India is growing at a pace slower than potential" he says, adding that the nation needed to address fundamental causes of instability.
Subir Gokarn Former Deputy Governor at the RBI and now director-research, Brookings institute, saysy that he doesn't see the current global situation being persistent. He points out that iron ore exports have dropped sharply and that India is heavily dependent on coal imports. Core inflation trend suggests demand pressures abated.