SUMANSPEAKS June 23, 2026 SumanSpeaks Independent Capital Markets Intelligence · Estd 2006 Legal Intelligence · EPC Sector The Court That Keeps Giving SEPC Ltd (₹6.82) Another Chance to Breathe From a ₹195 crore Singapore arbitration decree to a ₹2 crore salary lifeline — how the Madras High Court became the most interesting character in SEPC's ongoing legal saga, and why the retail investor is watching the wrong plot entirely Indian markets love to price fear. And when a company simultaneously carries a Singapore arbitration award, a CRISIL D rating, and a Madras High Court order on its file, the average retail investor does not pause to read the fine print. He sells first, panic-tweets second, and asks questions never. SEPC Limited (BSE: 513446) has been living in this particular purgatory for over three years — down on bad days, overlooked on good ones, and relent...
Finance Minister Pranab Mukherjee admitted: there was no direct link to prove that interest rate hikes helped ease price rise....
So, why is mindless rate hikes are going on? The whole RBI team including Dr.Subir Gokarn, should resign...!! The Jokers, who want to bring down growth rate to 5%...Huh!!
New Delhi, Nov 29: With inflation remaining stubbornly near double digits in the last two years despite an aggressive monetary tightening policy by the Reserve Bank of India (RBI), Finance Minister Pranab Mukherjee Tuesday admitted that there was no direct link to prove that interest rate hikes helped ease price rise.
'There is, as such, no direct one-to-one correspondence between the quantum of increase in interest rates and reduction in the level of inflation,' Mukherjee said in written reply to a question in the Rajya Sabha.
The RBI has raised key policy rates five times in the current financial year and 13 times since the beginning of 2010 to control price rise. However, inflation has remained stubbornly high despite such aggressive monetary tightening.
The finance minister said the RBI's move was aimed not only to control 'inflationary pressures' but also 'inflation expectations'.
'Monetary policy rate hikes seek to affect the macro economy through a compression in aggregate demand, aimed at not only controlling inflation pressures, but also inflation expectations,' Mukherjee said.
The headline inflation based on the wholesale price index was recorded at 9.73 percent in October. Food inflation was at 9.01 percent for the week ended Nov 12, according to the latest official data.
Courtesy: Sify.com
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