ASIA: India’s Nifty 50 index could soon see Bharti Infratel, Vedanta Ltd, Zee Entertainment, Tata Motors, and GAIL India exit from the index owing to the low average free-float market capitalization, and replaced with other heavyweights. Top contenders to replace these shares in the Nifty 50 index include Radhakishan Damani’s Avenue Supermarts, API manufacturer Divi’s […]

ASIA: The Indian government has announced a new policy on Foreign Direct Investment (FDI) from border sharing countries. The new law came into effect after the Foreign Exchange Management Act (FEMA) notification which was released late night on April 22. This law mandated prior government approvals for FDI from India’s neighbors such as Pakistan, China, […]

ASIA: India’s central Bank said in its Monetary Policy Report that the outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak. India’s economy expanded at its slowest pace in more than six years in the last three months of 2019 and was projected to clock in full-year growth of 5% which […]

COMMENT #1 [From Germany]: Dear Mr. Armstrong, I owe you an apology. For a long time I was of the opinion that the measures (lockdown, social distancing, flattening the curve) were fully justified. I had also clearly expressed this in my e-mails to you. I must admit that I was wrong. I am a learning […]

ASIA: India is planning to extend its nation-wide lockdown after many state governments requested to extend the lockdown retaining all or most of the existing curbs. The likelihood of lifting the lid on mass transit such as trains, metros, and flights and on inter-state movement of people appears slim. India’s state governments are demanding help […]

ASIA: India’s policy makers are preparing a plan to carefully analyze a tough trade-off. They are considering a continued lockdown post-April 14, 2020, at the cost of longer-term economic devastation, or a rational “unlocking,” allowing India to return to work. Based on pre-COVID-19 projections of India’s GDP, the average daily GDP value for FY2021 was […]

ASIA:  The Reserve Bank of India’s Monetary Policy Committee met today and announced a series of measures to counter the economic slowdown caused by the novel coronavirus pandemic. The repo rate and reverse repo rate have been cut by 74 bps and 90 bps respectively. All commercial banks and lending institutions can allow a three-month […]

COMMENT: Hi Marty, No one has been more spot on before the deluge than you in calling these moves. Have you ever seen such idiocy in all your life as is on full display today with these politicians jockeying for position, cramming their pet projects into the bailouts and trying to without support for funding while the […]

QUESTION: You seem to always be against conspiracy theories except that it always comes down to government against the people. Why are most of the bankers Jewish? Do you have an explanation for that? JE ANSWER: If you simply knew your history you would realize that both the Catholics and the Arabs maintained it was […]

ASIA: India closed the Taj Mahal, one of the world’s premier tourist destinations, to counter the COVID-19 virus outbreak in the country. India has so far managed to keep cases low by responding fast and aggressively to the coronavirus and urging people to practice social distancing. India has reported 125 cases of the coronavirus. India […]