VisVoice

Overvaluation of NSE/BSE stocks: An example Last week, our Parliament passed an amendment to the Payment and Settlement Systems Act 2007. This enables the government to allow charges on digital payments including UPI transactions, which are free now. The Finance Minister (FM) clarified that person-to-person UPI payments will remain free and the consumers will continue to pay through UPI, free of charge. However, the FM did not rule out introduction of  merchant discount rate (MDR) on limited merchant transactions, in future, above a prescribed threshold, which might be recovered from merchants. This pushed the market price of the shares of the banks and payment service providers (PSPs) positively in the last week. T he stocks of One 97 Communications Ltd. (Paytm)  witnessed an increase of ₹ 144 (10% ) on 10th August 2026 and closed at ₹ 1585. (previous close ₹ 1441). For the week ended 14th Aug' 26, the share price moved up further and closed at ₹ 1604.   I was surpr...

  Pause repo rate and maintain stance: Is there any other option for RBI MPC? The third bi-monthly review meeting of the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) for the current financial year (FY 26-27) starts tomorrow. Going through the data of the following important parameters, which get discussed in the RBI MPC meeting, and the action of some major global central banks in the last few days, makes one feel that nothing concrete emerged since then to compel the MPC to vote for a change in the repo rate/monetary stance. 1. The CPI inflation is on the rise since Dec'25 and reached a high of 4.38% in June'26. But the Q1FY206 actuals at 3.93% is much less than that was projected at 4.1% by RBI MPC. It is important to note that the committee has already projected the CPI inflation to be above the 5% in the remaining three quarters of FY 26-27. 2. The factory output growth, based on the new series of Index of Industrial Production (IIP) with base year of 2022...

  SBT SMRITHI SAMGAMAM 2nd edition on 25th July 2026 Even if a stranger has participated in the above function, he would not only have understood who the SBTians are, but also appreciated the precision with which, the most memorable events were conducted. All credit goes to the meticulous hard core professionals, who ensured that the 'mega personal touch' remained the web throughout, to connect the  the participants with the events. A traditional prayer, sung in a divine voice  a minute of silence for all those SBTians, who since left and now live in our memories only ,  lighting of lamp by all the dignitaries,  SBT  memory song by the culturally talented SBTians in their best of voice, sharing their SBT times by the last two MDs, who served SBT prior to its merger with SBI  the most colorful and enjoyed event - kathakali dance and related dances by established artists with music, songs and visuals accompanying in the most appropriate manner  'Ko...

Dedicated to Doctors  who made a lasting impact on my physical and mental well-being Some people ask "have you seen God?". I used to tell "I have not seen, but experienced God's presence and blessings through 'messengers of God' appearing in the form of human beings”.  Doctors throughout the world definitely belong to that category.  Today, 1st July, is celebrated and cherished as 'Doctor's Day'. I dedicate this blog to those Doctors, who shaped my physical health and mental well-being, through their personal care, treatment and counselling. For some of them, I added a few lines of my impressions, as my acquaintance with them is a bit longer. 1. Dr. V. Vasudevan DHMS, Dr. ANANTH’S HOMOEO CLINIC Chennai: Right from 1990, I am associated with him for all my health needs and consultancy. When I got back pain in 1990, I was advised by the doctors in a hospital to do an abdomen check as they did not rule out kidney related issues. My mother asked me t...

  HDFC BANK may not qualify for  'More Equal Status' I wrote a blog 'Too big are more equals'@ on 24th March 2026, when the then Chairman of HDFC Bank Ltd. (the bank) resigned citing ' certain happenings and practices within the bank are not in congruence with my personal values and ethics'. I captioned thus, as the Chairman did not elaborate and the board of directors described the entire event as 'baffling', though they had the right to convene a board meeting and invite the aggrieved board member to explain, before accepting his resignation. The regulator also came out with a statement "HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, professionally run board and competent management team". However, t he investors remained in the dark. I wrote another blog ' engagement of legal firms by HDFC Bank'#  on  24th April 2026, as I was ' baffled ' to understand the rationale of conducting a 'rev...

  RBI MPC second meeting of FY 26-27 Will it recognize the market trends ? The second bi-monthly review meeting of the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) for the current financial year  (FY 26-27) started today . Before looking at the current position/movement of the various economic factors that form part of MPC discussion, I intend to present the following important events  in the last one month that might have a long term impact on the Indian economy. 1. On 10th May 2026, the Prime Minister appealed to the Indian citizens to minimize the use of fuel, cooking oil, purchase of gold and use public transport instead of private vehicles. Reason - the uncertainty on oil price, rupee's struggle to find its value versus USD and the unabated foreign currency outflows. 2. Following PM's appeal, the import duty on gold/silver was hiked by the Central Government to 15% with immediate effect.  3. Close on its heels, RBI Governor stated that (on 13th...