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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  sumanspeaks.blogspot.com Travel & Hospitality · Turnaround Watch Easy Trip Planners At ₹5.78: The Hotel Business Is Growing Faster Than The Old Business Is Shrinking Near its 52-week low, EaseMyTrip is quietly turning into a different company than the one that listed in 2021 — and the next few quarters will decide whether that transformation shows up in the profit line. Easy Trip Planners Ltd trades around ₹5.78, with a market capitalisation of approximately ₹2,300 crore. That is close to its 52-week low of ₹5.74. At first glance, that looks like a stock the market has simply given up on. Look closer, and a more interesting picture emerges. The balance sheet is clean. Revenue is still growing. And one part of the business — hotels and holiday packa...
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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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