Business/Economy
Banks on rate cutting spree on nudge from RBI - Shayan Ghosh, Mint
Public sector banks have started reducing their marginal cost of funds-based lending rate (MCLR) following the Reserve Bank of India’s (RBI) decision to lower its repo rate by an unconventional 35 bps on 7 August.
Airtel readies battle plan to ride out the Jio storm - Navadha Pandey, Mint
Earlier this month, Reliance Jio dethroned Bharti Airtel as the number two operator in terms of subscriber base. Jio has also became the number one operator by revenue in less than three years of operations, surpassing Vodafone Idea in the June quarter.
Reviving sentiment could be key to battling economic slowdown - Roshan Kishore, Hindustan Times
High-frequency economic indicators suggest that the current economic slowdown is likely to worsen. The core-sector industry index grew just 0.2% in June. India’s biggest car maker Maruti Suzuki reported a 36% annual decline in car sales for the month of July. The stock market has gone into a tailspin after the budget was unveiled on July 5.
Surcharge hike: Will the rich outsmart the taxman? - Sugata Ghosh, Economic Times
The super-rich in India are racking their brains to figure out ways to soften the blow dealt by New Delhi’s decision to impose a stiff surcharge on their income tax. Many business families that hold their assets under local private trusts — entities that are hit as severely as several FPIs and wealthy salaried individuals — are exploring options such as changing the character of the trust or housing the assets in limited liability partnerships (LLP) which have to pay less tax.
Govt in talks with foreign lenders to boost small businesses - Financial Express
India’s government is in talks with foreign lenders to provide as much as $14.5 billion in credit to millions of its small firms, two officials said, in a sign, the country’s banking system may not be robust enough to do the job on its own.
Will Reliance Jio relent on pricing pressure after 6th consecutive ARPU fall? - Navadha Pandey, Mint
Reliance Jio, India’s youngest and only profitable telecom operator, on Friday overtook rival Bharti Airtel to become the country’s second largest operator in terms of mobile phone subscribers.
Budget 2019 needs to give the economy a much needed stimulus - Raghuvir Srinivasan, Hindu
Faltering GDP growth, a consumption slowdown, a truant monsoon that has already hit kharif sowing, global trade tensions and a freeze in the credit market that has set alarm bells ringing across the financial system. This is the backdrop to the maiden Budget of the Finance Minister, Nirmala Sitharaman.
Why Budgets no longer matter to the stock market - Business Line
Even as all eyes are on the Finance Minister, as Nirmala Sitharaman prepares to present her maiden Budget, the stock market is quite indifferent to annual exercise. In fact, the Budget has not been a material event for stocks, for the past 10 years or so.
How to make exports boom - Arvind Panagariya, Times of India
Prime Minister Narendra Modi has made exports a high priority. Indeed, India would do well if it gave them the highest priority and pursued their success in mission mode. No nation has sustained growth rates of 9-10% for two or more decades without succeeding in global markets. China’s share in global merchandise exports rose from 2% in 1991 to 12.4% in 2012. 
Why 5G is the next headache for some of India's richest men - PR Sanjai, Economic Times
After racking up $59 billion of net debt to survive a brutal war in the world’s second-biggest phone-services market, some of India’s billionaires are bracing for more as their next battle looms: 5G. India seeks to raise $84 billion this year from a sale of airwaves -- most of it for the latest technology tipped to revolutionize connectivity -- posing a conundrum for the carriers controlled by tycoons including Mukesh Ambani, Asia’s wealthiest man.
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