tag:blogger.com,1999:blog-91527731920009351312024-03-14T11:46:08.774+05:30 Finatix - IIM RaipurThe Official Blog of the Finance club.Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.comBlogger196125tag:blogger.com,1999:blog-9152773192000935131.post-67313295619501447642015-10-20T23:47:00.001+05:302015-10-20T23:47:45.125+05:30VRITTAM ( 14 Oct 2015 - 20 Oct 2015)<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://economictimes.indiatimes.com/articleshow/49467256.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&ncode=6c74f0c8ccf2caa6c58926099dba5bcc&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst"><span style="font-size: large;">Employment increases by 5.21 lakh in FY15; 64,000 in Jan-Mar </span></a><br />
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Employment in 8 sectors including IT/BPO, automobiles, gems & jewellery and textile rose by 5.21 lakh last fiscal, said a government report.<br />
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<span style="font-size: large;"><a href="http://www.livemint.com/Money/5XaWP7WXRMkBmupBThNliJ/IndiGo-scrapes-the-bottom-of-the-barrel-investors-fume.html">IndiGo scrapes the bottom of the barrel; investors fume</a></span><br />
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The fact that InterGlobe Aviation’s decision to more or less empty its coffers ahead of its IPO hasn’t gone down well with investors<br />
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<a href="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/10/20/Photos/indigo-keMB--621x414@LiveMint.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/10/20/Photos/indigo-keMB--621x414@LiveMint.jpg" height="422" width="640" /></a></div>
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<span style="font-size: large;"><a href="http://www.livemint.com/Politics/5D0cXSIiVabZfZx38W7AOJ/SP-keeps-Indias-rating-at-BBB-rules-out-upgrade.html">S&P keeps India’s rating at B</a><a href="http://www.livemint.com/Politics/5D0cXSIiVabZfZx38W7AOJ/SP-keeps-Indias-rating-at-BBB-rules-out-upgrade.html">BB-, rules out upgrade for now</a></span><br />
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<span style="font-family: 'Roboto Slab', serif; font-size: 16px; line-height: 20.8px;">The agency retained India’s rating at BBB- with stable outlook and expressed hope that country’s economic growth would average about 8% during 2015-18 period</span><br />
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<a href="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/10/20/Photos/s&p-kO--621x414@LiveMint.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/10/20/Photos/s&p-kO--621x414@LiveMint.JPG" height="425" width="640" /></a></div>
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<span style="font-size: large;"><a href="http://economictimes.indiatimes.com/articleshow/49367147.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&ncode=6c74f0c8ccf2caa6c58926099dba5bcc&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst">How government's LED bulb push is helping save Rs 2.71 crore every day </a></span><br />
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A staggering 68 lakh kilowatts of energy is saved every day. This includes a cut in 645 megawatts of power during peak hours, a 5,520-tonne drop in daily carbon emission and domestic savings of Rs 2.71 crore every day.<br />
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<a href="http://economictimes.indiatimes.com/thumb/msid-49367206,width-310,resizemode-4/how-governments-led-bulb-push-is-helping-save-rs-2-71-crore-every-day.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://economictimes.indiatimes.com/thumb/msid-49367206,width-310,resizemode-4/how-governments-led-bulb-push-is-helping-save-rs-2-71-crore-every-day.jpg" height="481" width="640" /></a></div>
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<span style="font-size: large;"><b>Around The World</b></span><br />
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<a href="http://economictimes.indiatimes.com/articleshow/49456176.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&ncode=6c74f0c8ccf2caa6c58926099dba5bcc&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst"><span style="font-size: large;">Wall Street falls as Morgan Stanley results disappoint </span></a><br />
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S&P 500 companies are expected to show a 3.9 per cent fall in third-quarter profit, according to Thomson Reuters data<br />
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<a href="http://si.wsj.net/public/resources/images/BN-KC579_0901st_G_20150901161540.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://si.wsj.net/public/resources/images/BN-KC579_0901st_G_20150901161540.jpg" height="426" width="640" /></a></div>
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<span style="font-size: large;"><b>OPINION</b></span><br />
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<span style="font-size: large;"><a href="http://www.livemint.com/Opinion/dHVeuUAZmxkDuUJ5A65SJI/Who-should-get-government-welfare-benefits.html">Who should get government welfare benefits?</a></span><br />
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A data interactive shows the state-level picture if govt makes the recently released numbers on economic wellbeing the basis of who it includes and excludes<br />
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<b><span style="font-size: large;">SLIDESHOW</span></b><br />
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<a href="http://economictimes.indiatimes.com/slideshows/biz-entrepreneurship/five-startups-trying-to-solve-indias-urban-commuting-problem/indias-urban-commuting-problem/slideshow/49448556.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&ncode=6c74f0c8ccf2caa6c58926099dba5bcc"><span style="font-size: large;">Five startups trying to solve India's urban commuting problem</span></a><br />
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<a href="http://economictimes.indiatimes.com/thumb/msid-49448556,width-640,resizemode-4/indias-urban-commuting-problem.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://economictimes.indiatimes.com/thumb/msid-49448556,width-640,resizemode-4/indias-urban-commuting-problem.jpg" height="480" width="640" /></a></div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-50816014169208832432015-10-13T16:24:00.003+05:302015-10-13T16:31:16.679+05:30VRITTAM ( 6th OCT 2015-13th OCT 2015)<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.livemint.com/Politics/RFn0x4jyvNQxRb3B1KKu0O/Industrial-output-grows-64-in-August-inflation-at-441-i.html" target="_blank">IIP grows at 6.4% in August; inflation quickens to 4.41% in September </a></h3>
India’s factory output and retail inflation accelerated in Aug and Sep, respectively, indicating gradual economic recovery and building pricing pressures<br />
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<a href="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/10/13/Photos/iip.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/10/13/Photos/iip.jpg" height="426" width="640" /></a></div>
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<a href="http://www.livemint.com/Companies/5RTuIN8Opm9qayotBOq1iK/Bank-of-Baroda-black-money-transfers-case-gets-murkier.html" target="_blank">How it went down at Bank of Baroda </a></h3>
The transfer took place under a rule that allows up to $100,000 in transfers as prepayment for imports, says a senior official at the bank<br />
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<a href="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/10/13/Photos/baroda1-kLw--621x414@LiveMint.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/10/13/Photos/baroda1-kLw--621x414@LiveMint.jpg" height="410" width="640" /></a></div>
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<a href="http://economictimes.indiatimes.com/articleshow/49308188.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&ncode=6c74f0c8ccf2caa6c58926099dba5bcc&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst" target="_blank">Coffee Day, IndiGo to beef up IPO market to 4-year record </a></h3>
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With big brands like Cafe Coffee Day and IndiGo lining up their public offers, the IPO market is set for a four-year record performance this year as close to Rs 6,600 crore has already been raised and plans are afoot for garnering another Rs 20,000 crore. </div>
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<a href="http://ste.india.com/sites/default/files/2015/10/11/421779-coffee740.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://ste.india.com/sites/default/files/2015/10/11/421779-coffee740.jpg" height="364" width="640" /></a></div>
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<a href="http://economictimes.indiatimes.com/articleshow/49267702.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&ncode=6c74f0c8ccf2caa6c58926099dba5bcc&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst" target="_blank">Way to go railways! Reforms beginning to show results </a></h3>
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At a time when public investment is sorely needed to crowd in reluctant private investment, it is welcome to note that the Railways is rising to the challenge. </div>
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<span style="font-size: large;"><b>Around The World</b></span><br />
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<a href="http://economictimes.indiatimes.com/news/international/business/10000-startups-a-day-being-set-up-in-china-to-boost-economy/articleshow/49309225.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&ncode=6c74f0c8ccf2caa6c58926099dba5bcc" target="_blank">10,000 startups a day being set up in China to boost economy</a></h3>
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More than 10,000 startup firms are being set up everyday in China as part of new reforms initiated by the Chinese government to halt the slide of the economy.</div>
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<a href="http://ste.india.com/sites/default/files/2015/10/11/421725-china740.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-right: 1em; text-align: center;"><img border="0" src="http://ste.india.com/sites/default/files/2015/10/11/421725-china740.jpg" height="364" width="640" /></a><br />
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<a href="http://www.livemint.com/Politics/fUlXgWO1hcwVphkdBKas2L/Angus-Deaton-wins-2015-Nobel-prize-in-economics.html">Angus Deaton wins 2015 Nobel prize in economics</a></h3>
Scottish economist Angus Deaton has won the Nobel memorial prize in economic sciences for “his analysis of consumption, poverty, and welfare,” the Royal Swedish Academy of Sciences said on Monday.<br />
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<a href="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/10/13/Photos/angusdeaton-kvWE--621x414@LiveMint.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/10/13/Photos/angusdeaton-kvWE--621x414@LiveMint.jpg" height="426" width="640" /></a></div>
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<span style="font-size: large;"><b>OPINION</b></span><br />
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<a href="http://www.business-standard.com/article/opinion/dealing-with-poorly-drafted-laws-115101100810_1.html" target="_blank">Dealing with poorly drafted laws</a></h3>
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<span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 14px; font-weight: 400; line-height: 20px;">Most Bills are drafted in a hurry, with inadequate consultation with stakeholders, and insufficient examination by the law ministry</span></h3>
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<a href="http://economictimes.indiatimes.com/slideshows/biz-entrepreneurship/five-entrepreneurs-who-failed-on-the-way/slideshow/48221518.cms">Five entrepreneurs who failed on the way</a></h3>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-64323160281782867382015-10-05T21:09:00.002+05:302015-10-06T22:58:38.731+05:30VRITTAM (28 September 2015 - 5 October 2015)<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://economictimes.indiatimes.com/news/economy/foreign-trade/germany-pledges-billions-for-indias-growth-5-takeaways-from-merkel-modi-meet/articleshow/49227418.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst" style="font-family: Times, 'Times New Roman', serif; font-size: x-large;" target="_blank">Germany Pledges billions for India's Growth</a><br />
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: small; font-weight: normal;">India and Germany on Monday agreed to enhance ties in key areas of defence manufacturing, trade, intelligence and clean energy during wide-ranging talks between Prime Minister Narendra Modi and German Chancellor Angela Merkel after which 18 MoUs were inked. </span></h3>
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<span style="font-size: large;"><span style="color: black;"><a href="http://in.reuters.com/article/2015/09/29/india-rbi-reporate-cut-idINKCN0RT0E220150929">India
cuts interest rates more than expected as RBI "front-loads"</a></span></span></h1>
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cut its policy interest rate to a 4-1/2 year low of 6.75 percent on Tuesday, in
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<span style="font-size: large;"><a href="http://www.livemint.com/Money/zoQs7tL97eJX8TuNYiKInK/Sevenmonth-low-manufacturing-PMI-supports-Rajans-rate-cut.html">Seven-month
low manufacturing PMI supports Rajan’s rate cut call</a></span></h1>
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The Nikkei India Manufacturing Purchasing Managers’ Index
for September, which at 51.2 came in at a seven-month low, indicates a sharp
deterioration in manufacturing momentum and underlines the fragility of the
industrial recovery in the country. A reading above 50 denotes expansion.</div>
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<h1>
<span style="font-size: large;"><a href="http://economictimes.indiatimes.com/news/economy/indicators/fitch-lowers-india-gdp-growth-forecast-to-7-5-for-2015-16/articleshow/49171029.cms">Fitch
lowers India GDP growth forecast to 7.5% for 2015-16</a></span></h1>
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Fitch Ratings
has lowered India's GDP growth estimate for the current fiscal to 7.5 per cent
from 7.8 per cent on average monsoon but said the country is poised to grow at
8 per cent next fiscal on reform push. </div>
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<a href="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/09/02/Photos/fitch.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/09/02/Photos/fitch.jpg" height="426" width="640" /></a></div>
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<span style="font-size: large;"><a href="http://www.livemint.com/Politics/buPvJyHAQBLvrvMxXQYifL/Govt-receives-638-black-money-disclosures-amounting-to-Rs37.html">Govt
gets black money disclosures totalling Rs3,770 crore</a></span></h1>
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The Indian government’s much-hyped black money compliance
window saw a tepid response with less than <span class="webrupee">Rs.</span>4,000
crore of undisclosed foreign assets being declared at the close of the
three-month compliance window.</div>
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<span style="font-size: large;"><span class="MsoHyperlink"><span style="font-family: "Cambria","serif"; line-height: 115%;"><a href="http://economictimes.indiatimes.com/markets/stocks/news/below-average-monsoon-takes-toll-on-auto-fmcg-stocks/articleshow/49201412.cms">Below-average
monsoon takes toll on auto, FMCG stocks</a></span></span></span></div>
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Shares of
automobile manufacturers, consumer-oriented companies, and agriculture-related
firms, whose prospects are partly tied to rural consumers, could slip as a
below-average monsoon this year may hurt their quarterly earnings, said
analysts. </div>
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<h1>
<span style="font-size: large;"><a href="http://in.reuters.com/article/2015/10/02/climatechange-summit-india-emission-idINKCN0RW05C20151002">India
announces plan to slow rate of greenhouse gas growth</a></span></h1>
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<span class="focusparagraph">India has promised to shave a
third off the rate at which it emits greenhouse gases over the next 15 years,
in a long-awaited contribution towards reaching a deal to slow global warming
at a U.N. climate summit in December.</span></div>
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<span style="font-size: large;"><a href="http://in.reuters.com/article/2015/10/01/usa-economy-idINKCN0RV4LE20151001?type=economicNews">U.S.
jobless claims rise modestly, still point to firming labor market</a></span></div>
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<span class="focusparagraph">The number of new applications
for U.S. jobless benefits rose modestly last week and a gauge of the trend in
claims fell, pointing to ongoing tightening in the labor market that could push
the Federal Reserve to raise interest rates.</span></div>
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<span style="font-size: large;"><b><span style="color: purple;"><span class="focusparagraph">OPINION</span></span></b></span></div>
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</span></span></b></span></div>
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<span style="font-size: large;"><span style="font-family: "Times New Roman","serif";"><a href="http://www.economist.com/blogs/buttonwood/2015/09/exchange-rates-and-economy">Devaluations
didn't work</a></span></span></div>
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<span style="font-size: large;"><span style="font-size: small;"><span class="focusparagraph">Why attempts by individual
central banks to boost growth and inflation via currency depreciation have been
collectively self-defeating .</span></span></span></div>
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</span></b></b></span><br />
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<h1>
<span style="font-size: large;"><a href="http://www.livemint.com/Opinion/lpgUWwV1CG3Le03WdWKNPI/Perils-of-excessive-speculation.html">Perils
of excessive speculation</a></span></h1>
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The speculative character of the equity markets breeds
distrust among potential first-time investors</div>
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<span style="color: blue;"><b><span style="color: purple;"><span style="font-size: large;">SLIDE SHOW</span></span></b></span><br />
<span style="font-size: large;"><a href="http://economictimes.indiatimes.com/slideshows/economy/world-bank-survey-indias-top-10-states-on-the-ease-of-doing-business-ranking/top-10-states-on-the-ease-of-doing-business-ranking/slideshow/48970836.cms" target="_blank">World Bank Survey: India's top 10 states on the ease of doing business ranking</a></span><br />
<br />
<br />
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<a href="http://economictimes.indiatimes.com/thumb/msid-48970836,width-640,resizemode-4/top-10-states-on-the-ease-of-doing-business-ranking.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://economictimes.indiatimes.com/thumb/msid-48970836,width-640,resizemode-4/top-10-states-on-the-ease-of-doing-business-ranking.jpg" height="480" width="640" /></a></div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-88003152967480660322015-09-04T00:11:00.000+05:302015-09-04T00:14:17.035+05:30VRITTAM(24 Aug 2015- 30 Aug 2015)<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://profit.ndtv.com/news/economy/article-manufacturing-sector-growth-improves-in-august-sbi-index-1210538">Manufacturing
sector growth improves in August: SEBI</a></h3>
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<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">The country's manufacturing sector growth improved both in
terms of month-on-month as well as </span><span style="color: #333333; font-family: Arial, sans-serif;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;">yearly
basis in August, an SBI research report said, adding that mining and electricity are still acting as a drag on the economic activity.</span></span></div>
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<a href="http://i.ndtvimg.com/i/2014-10/economy-growth-factory_625x300_81412910365.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://i.ndtvimg.com/i/2014-10/economy-growth-factory_625x300_81412910365.jpg" height="305" width="640" /></a></div>
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<span style="background-color: white; line-height: 27.15pt;"> </span><a href="http://profit.ndtv.com/news/economy/article-india-signs-pact-to-lay-oil-pipeline-to-nepal-1210470" style="background-color: white; line-height: 27.15pt;">India
Sign Pact to Lay Oil Pipeline to Nepal</a></h3>
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<span style="background-color: white; color: #333333; font-family: Arial, sans-serif;">India today signed an agreement to lay an oil pipeline from
Raxaul in Bihar to Amlekhgunj in</span></div>
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<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;">Nepal to
supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.<o:p></o:p></span></span></span><br />
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<br /><a href="http://profit.ndtv.com/news/economy/article-brent-us-oil-mark-fresh-6-1-2-year-lows-on-china-and-oversupply-1210332">Oil
Plunges 6% to over 6-yearslow on China Concern</a></h3>
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<span style="background-color: white;"><strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">London</span></strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">: Oil prices fell more than 6 per cent to fresh 6-1/2-year
lows on Monday as markets worried about a China-led global economic slowdown
that would drastically hit oil consumption at a time of plentiful supply.</span></span>
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<a href="http://i.ndtvimg.com/i/2015-07/oil-market-oil-brent_625x332_51437644626.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://i.ndtvimg.com/i/2015-07/oil-market-oil-brent_625x332_51437644626.jpg" height="338" width="640" /></a></div>
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<br /><a href="http://profit.ndtv.com/news/economy/article-forex-reserves-jump-1-billion-to-354-billion-after-2-weeks-of-dips-1209723">Forex
Reserves Jump $1 Billion to $354 Billion After 2 Weeks of Dips</a></h3>
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<strong><span style="background: #E4E8E8; color: #333333; font-family: "Arial","sans-serif";"><br /></span></strong></div>
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<span style="background-color: white;"><strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">Mumbai</span></strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">: After declining for two straight weeks, the foreign
exchange reserves rose by a healthy $1.086 billion to touch $354.433 billion
for the week to August 14, led by an increase in foreign currency assets.<o:p></o:p></span></span></div>
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<a href="http://i.ndtvimg.com/mt/2014-10/dollar_625x300_51396412218.jpg" imageanchor="1" style="background-color: white; margin-left: 1em; margin-right: 1em;"><img border="0" src="http://i.ndtvimg.com/mt/2014-10/dollar_625x300_51396412218.jpg" height="306" width="640" /></a></div>
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<span style="background-color: white;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;"><o:p> d</o:p></span><span style="color: #333333; font-family: Arial, sans-serif;">rastically hit oil consumption at a time of plentiful supply.</span></span></div>
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<o:p> </o:p><a href="http://profit.ndtv.com/news/economy/article-india-incs-overseas-investment-dips-32-at-1-23-billion-in-july-1209713" style="background-color: white; line-height: 27.15pt;">India
Inc's Overseas Investment Dips 32% at $1.23 Billion in July</a></h3>
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<span style="background-color: white;"><strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">Mumbai</span></strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">: Total investments by Indian firms overseas fell by 32 per
cent to $1.23 billion in July this year over the same month last year,
according to the Reserve Bank of India (RBI) data released today.<o:p></o:p></span></span></div>
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<a href="http://i.ndtvimg.com/i/2014-05/dollar_625x300_81399005705.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://i.ndtvimg.com/i/2014-05/dollar_625x300_81399005705.jpg" height="408" width="640" /></a></div>
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<span style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;"><o:p><br /></o:p></span><a href="http://profit.ndtv.com/news/economy/article-moodys-cuts-indias-fy16-growth-forecast-to-7-1208341" style="line-height: 27.15pt;">Moody's
Cuts India's FY16 Growth Forecast to 7%</a></h3>
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<span style="background-color: white;"><strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">Mumbai:</span></strong><span class="apple-converted-space"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;"> </span></b></span><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">Moody's Investors Service cut its forecast for
India's economic growth to around 7 per cent this fiscal year (2015-16) from
7.5 per cent because of lower-than-expected rainfall in the ongoing monsoon
season, the ratings agency said on Tuesday<o:p></o:p></span></span></div>
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<a href="http://i.ndtvimg.com/i/2014-11/economy-625_625x300_51415814547.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://i.ndtvimg.com/i/2014-11/economy-625_625x300_51415814547.jpg" height="364" width="640" /></a></div>
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<br /><a href="http://timesofindia.indiatimes.com/business/india-business/US-firm-to-make-ACs-in-Gurgaon-invest-325-crore/articleshow/48535991.cms" style="background-color: white;">US
firm to make ACs in Gurgaon, invest 325 crore</a></h3>
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<span style="background-color: white;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #3f3f3f; font-family: Georgia, serif; font-size: 10pt; line-height: 115%;">NEW YORK/GURGAON: The Haryana
government has signed a deal with leading US-based AC manufacturer, United
Technologies, to invest $50 million (Rs 325 crore) in Gurgaon providing direct
employment to more than 2,000 people</span><o:p></o:p></span></div>
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<b><u>OPINION </u></b></h3>
<h3 style="text-align: left;">
<span style="background-color: white;"><a href="http://profit.ndtv.com/news/economy/article-currency-devaluation-raises-question-on-chinas-strength-rajan-1209232">Currency
Devalution Raises Question On China's Strength: Rajan</a></span></h3>
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<strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">Mumbai</span></strong><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #333333; font-family: Arial, sans-serif;">: Terming devaluation of currencies as a "worrisome
trend", Reserve Bank of India Governor Raghuram Rajan on Thursday said
China's move to devalue its currency and to protect its stock markets raises
questions about the 'true strength' of the world's second largest economy</span></div>
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<a href="http://i.ndtvimg.com/i/2015-06/raghuram-rajan_650x488_51435303088.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://i.ndtvimg.com/i/2015-06/raghuram-rajan_650x488_51435303088.jpg" height="480" width="640" /></a></div>
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<o:p style="background-color: white;"><u>SLIDESHOW</u></o:p></h3>
<div style="text-align: left;">
<a href="http://economictimes.indiatimes.com/slideshows/economy/eight-initiatives-taken-by-modi-government-under-digital-india-programme/eight-initiatives-under-digital-india/slideshow/47910413.cms" style="font-family: Arial, Helvetica, sans-serif; font-size: 23px;" target="_blank">Click Here To See Eight Initiatives taken by Modi government under Digital India Programme</a></div>
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<a href="http://economictimes.indiatimes.com/photo/46108756.cms" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://economictimes.indiatimes.com/photo/46108756.cms" height="480" width="640" /></a></div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-65733368304853632342015-08-25T02:22:00.000+05:302015-09-04T00:06:21.851+05:30VRITTAM(18 Aug 2015- 24 Aug 2015)<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://profit.ndtv.com/news/market/article-sensex-crashes-1-000-points-amid-global-selloff-rupee-hits-66-49-1210269">Biggest
Sensex Crash Since 2009 Wipes Out 7 Lakh Crore of Investors' Wealth</a></div>
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The BSE Sensex slumped 1,625 points or nearly 6 per cent on 24<sup>th</sup>
August - marking its biggest percentage fall since 2009. In terms of absolute
value, it was the third worst day for Sensex. The rupee sank to a fresh
two-year low of 66.74 per dollar. The selloff in markets was triggered by a
global meltdown in risk assets.</div>
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<a href="http://i.ndtvimg.com/i/2015-08/market_625x300_71440406873.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://i.ndtvimg.com/i/2015-08/market_625x300_71440406873.jpg" height="306" width="640" /></a></div>
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<br />
<a href="http://economictimes.indiatimes.com/news/economy/finance/yuan-devaluation-china-slowdown-a-worry-fm-arun-jaitley/articleshow/48657201.cms">Yuan
devaluation, China slowdown a worry: FM ArunJaitley</a></div>
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An expected slowdown in China's economy and the devaluation
of its yuan currency are reasons for worry, Finance Minister ArunJaitley said
on Monday after a collapse in Chinese stocks caused a global selloff. </div>
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<a href="http://im.rediff.com/money/2015/aug/15yuan.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://im.rediff.com/money/2015/aug/15yuan.jpg" height="440" width="640" /></a></div>
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India will raise about 93.79 billion rupees ($1.4 billion)
from selling a stake in state-run refiner and fuel retailer Indian Oil Corp,
even as a global stock market rout raised concerns about future offerings.</div>
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<a href="http://economictimes.indiatimes.com/industry/banking/finance/banking/fm-arun-jaitley-inaugurates-bandhan-bank-as-full-fledged-scheduled-commercial-bank/articleshow/48638918.cms">FM
ArunJaitley inaugurates Bandhan Bank as full-fledged scheduled commercial bank</a></div>
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India gets its first private bank in 11 years with Finance
Minister ArunJaitley inaugurating Bandhan Bank as a full-fledged sche commercial bank, ushering in a new era in country's financial sector, which
will now see innovation taking the centrestage to reach out to the unbanked
population.<br />
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<a href="https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQJ8NJCTgwm-DOtaOYXrLvn6wqHdQspiE7Sg_5bacs7r-ON_RZjBQ" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="478" src="https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQJ8NJCTgwm-DOtaOYXrLvn6wqHdQspiE7Sg_5bacs7r-ON_RZjBQ" width="640" /></a></div>
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<a href="http://www.thehindubusinessline.com/money-and-banking/rbi-grants-inprinciple-approval-to-11-applicants-for-payments-banks/article7557836.ece">RBI
gives licence for 11 payments banks</a></div>
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Paving the way for revolutionising cashless payments
services in the country, the Reserve Bank of India granted payment bank
licences to 11 firms.</div>
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This includes telecom companies Vodafone and Airtel;
non-banking financial company Cholamandalam Distribution Services Ltd; large
conglomerates Reliance Industries and Aditya Birla Nuvo; and individuals Vijay
Shekhar Sharma, founder of Paytm, and DilipShanghvi, Managing Director.</div>
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<a href="http://economictimes.indiatimes.com/thumb/msid-48638963,width-600,resizemode-4/fm-arun-jaitley-inaugurates-bandhan-bank-as-full-fledged-scheduled-commercial-bank.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://economictimes.indiatimes.com/thumb/msid-48638963,width-600,resizemode-4/fm-arun-jaitley-inaugurates-bandhan-bank-as-full-fledged-scheduled-commercial-bank.jpg" /></a></div>
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<a href="http://www.livemint.com/Industry/HCOVWtH3rU9hYxYa8tt5tJ/Ola-offers-wallet-money-to-be-used-on-other-ecommerce-platfo.html">Ola
offers wallet money to be used on other ecommerce platforms</a></div>
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Ola, India’s largest cab hailing service, announced that Ola
Money can now be used as a wallet to pay for services on other e-commerce
platforms.<br />
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<a href="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/08/25/Photos/Ola1-kRsE--621x414@LiveMint.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/08/25/Photos/Ola1-kRsE--621x414@LiveMint.JPG" /></a></div>
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<a href="http://www.bloomberg.com/news/articles/2015-08-17/india-s-indigo-confirms-order-to-buy-250-airbus-a320-neo-planes-idfkj8wd">IndiGo
Confirms $27 Billion Order to Buy 250 Airbus Planes</a></div>
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<a href="http://assets.bwbx.io/images/iPS6z13vmVPU/v1/1200x-1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://assets.bwbx.io/images/iPS6z13vmVPU/v1/1200x-1.jpg" height="435" width="640" /></a></div>
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<b>OPINION</b><br />
<br />
<a href="http://www.livemint.com/Opinion/fmscxHxv24LlK0r4uaObGL/Making-sense-of-inflation-in-India.html">Making
sense of inflation in India</a></div>
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year ago, Consumer Price Index (CPI) inflation had
re-accelerated to 7.4% and real questions were being asked if more rate
increases were needed to hit the 8% inflation target for January 2015. Six per
cent seemed unthinkable.</div>
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<a href="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/08/24/Photos/inflation-kfR--621x414@LiveMint.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/08/24/Photos/inflation-kfR--621x414@LiveMint.jpg" /></a></div>
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<br />
<a href="http://www.livemint.com/Opinion/FpQOf7Pu9vs1RidaHJpiSJ/Creating-a-new-class-of-entrepreneurs.html">Creating
a new class of entrepreneurs</a></div>
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In economies that are experiencing a youth bulge,
entrepreneurs could be the key to what seems like an intractable global problem
of growing youth unemployment.</div>
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<a href="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/08/25/Photos/startup-k1JB--621x414@LiveMint.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/08/25/Photos/startup-k1JB--621x414@LiveMint.JPG" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">SLIDESHOW</span><span style="font-family: Calibri, sans-serif; font-size: 16pt;"><o:p></o:p></span></h1>
</div>
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<a href="http://economictimes.indiatimes.com/slideshows/biz-entrepreneurship/6-food-entrepreneurs-who-have-taken-their-expertise-to-global-restaurant-chains/six-indian-food-entrepreneurs-who-have-gone-global/slideshow/48640550.cms" target="_blank">Click here to know how Indian food entrepreneurs have gone global.</a></div>
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<a href="http://cache1.asset-cache.net/gc/163355953-indian-entrepreneur-aastha-gandhi-poses-at-gettyimages.jpg?v=1&c=IWSAsset&k=2&d=GkZZ8bf5zL1ZiijUmxa7QbC%2BLJc75lMKqBPaZZdv5biXuZLjkOewfZtIRQe0m78gNf6FR2T2JXNvP6yfTFt7vw%3D%3D" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://cache1.asset-cache.net/gc/163355953-indian-entrepreneur-aastha-gandhi-poses-at-gettyimages.jpg?v=1&c=IWSAsset&k=2&d=GkZZ8bf5zL1ZiijUmxa7QbC%2BLJc75lMKqBPaZZdv5biXuZLjkOewfZtIRQe0m78gNf6FR2T2JXNvP6yfTFt7vw%3D%3D" height="426" width="640" /></a></div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-64416148666777090602014-11-16T20:16:00.000+05:302014-11-16T20:16:02.196+05:30VRITTAM (10 NOV 2014 - 16 NOV 2014)<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; color: #29aae1; font-family: Arial, Helvetica, sans-serif; font-size: 18px;">VRITTAM (10 NOV 2014 - 16 NOV 2014)</span><br />
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Arial, Helvetica, sans-serif; font-size: medium;"><b>THE WEEKLY FINANCIAL NEWS</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif; font-size: medium;"><b><br /></b></span>
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium;"><b> </b></span><span style="font-size: medium;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://www.livemint.com/Politics/lHrYTHSBnS3sofo0TsC7uN/Wholesale-price-inflation-eases-to-fiveyear-low-of-177-in.html" target="_blank">WPI inflation in Oct falls to five-year low</a></b></span></span></span><br />
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<span style="font-size: 11pt; line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;">Inflation
based on the Wholesale Price Index (WPI) eased to a five-year low in October
which, coming on the back of other positive data released this week, will put
additional pressure on the Reserve Bank of India (RBI) to reduce borrowing
costs to support a nascent economic recovery. Wholesale price inflation
moderated to 1.77% in October from 2.38% in September. The decline for a fifth
consecutive month was mainly on account of falling vegetable and fuel prices.</span></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium;"><b> </b></span><span style="font-size: medium;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://www.livemint.com/Companies/5RrkzgEwjFCiaMKQzyH2zI/DLF-chalks-out-REIT-plans.html" target="_blank">DLF chalks out REIT plans</a></b></span></span></span><br />
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<span style="font-size: 11pt; line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;">India’s largest developer by market value, DLF Ltd,
plans to create one or more real estate investment trust (REIT) platforms
either independently or in partnership with financial partners, to harness the
growth in the market and to unlock and partly monetize its investment in rental
yielding assets, the company said in an analyst presentation late on Thursday
night.</span></span><br />
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<a href="http://2.bp.blogspot.com/-z6m1N5-ts8M/VGin6yADjPI/AAAAAAAABG4/9RybTpS0jmY/s1600/dlf.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://2.bp.blogspot.com/-z6m1N5-ts8M/VGin6yADjPI/AAAAAAAABG4/9RybTpS0jmY/s1600/dlf.jpg" height="425" width="640" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium;"><b> </b></span><span style="font-size: medium;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://in.reuters.com/article/2014/11/14/eurozone-economy-idINKCN0IY0N320141114" target="_blank">Germany just escapes recession, France beats low expectations</a></b></span></span></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">Germany narrowly avoided recession in the third quarter of the year and France exceeded low expectations, putting the euro zone on course for anaemic growth but no contraction. Europe's largest economy eked out 0.1 percent growth from the previous three months following a revised 0.1 percent fall in the second quarter, the German statistics office said on Friday. A strong rise in consumer spending and small boost from foreign trade prevented a worse result.</span><br /><div>
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<a href="http://4.bp.blogspot.com/-p5zZEa6EjMM/VGin7U3JMAI/AAAAAAAABG8/9J2s3F6P65c/s1600/germany.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://4.bp.blogspot.com/-p5zZEa6EjMM/VGin7U3JMAI/AAAAAAAABG8/9J2s3F6P65c/s1600/germany.jpg" height="424" width="640" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium; line-height: normal;"><b> </b></span><span style="font-size: medium; line-height: normal;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://www.thehindubusinessline.com/economy/india-to-have-fastest-economic-expansion-among-asian-countries-morgan-stanley/article6598049.ece" target="_blank">Morgan Stanley estimates India's economic growth at 6.3% next year</a></b></span></span></span></div>
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<span style="font-size: 10.5pt; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><span style="font-family: Arial, Helvetica, sans-serif;">India would
have the fastest economic expansion among Asian countries and its gross
domestic product is expected to grow by 6.3 per cent in 2015, according to
Morgan Stanley forecast of global economies. The Indian rupee’s exchange rate
to US dollar would be at Rs. 62.20 by end of next year compared
with Rs.62 in the current quarter (Q4 this year), according to a
presentation made at the Morgan Stanley’s Annual Asia Pacific Summit held here
from November 12-14.</span></span></div>
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<a href="http://4.bp.blogspot.com/-kT0OeIj8Gaw/VGin9tqN4bI/AAAAAAAABHc/dq2CIhCJXxw/s1600/morgan.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://4.bp.blogspot.com/-kT0OeIj8Gaw/VGin9tqN4bI/AAAAAAAABHc/dq2CIhCJXxw/s1600/morgan.jpg" height="424" width="640" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium; line-height: normal;"><b> </b></span><span style="font-size: medium; line-height: normal;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://www.reuters.com/article/2014/11/12/us-economy-imf-idUSKCN0IW2IS20141112" target="_blank">IMF says euro zone growth could be worse than expected</a></b></span></span></span></div>
<span style="font-family: Arial, Helvetica, sans-serif;">The International Monetary Fund on Wednesday warned of downside risks to its growth projections for the euro zone, and urged the European Central Bank to act if prices in the currency bloc continue to drift lower. The IMF's warning echoes an increasing fear among global policymakers that Europe is not on track to spur economic growth, something that should be a key topic for discussion when leaders of the Group of 20 economies meet in Australia later this week.</span></div>
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<a href="http://2.bp.blogspot.com/-PfKy3DDmnlA/VGin9KOPzzI/AAAAAAAABHg/37O-5VeUhDE/s1600/imf.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://2.bp.blogspot.com/-PfKy3DDmnlA/VGin9KOPzzI/AAAAAAAABHg/37O-5VeUhDE/s1600/imf.jpg" height="464" width="640" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium; line-height: normal;"><b> </b></span><span style="font-size: medium; line-height: normal;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://articles.economictimes.indiatimes.com/2014-11-12/news/56025606_1_supply-rules-gst-state-finance-ministers" target="_blank">GST dream one step closer to reality</a></b></span></span></span></div>
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<span style="line-height: 115%;"><span style="font-family: Arial, Helvetica, sans-serif;">The
government's bid to implement the goods & services tax as early as possible
got a significant boost with the empowered committee of state finance ministers
endorsing the so-called 'place of supply' rules that form the backbone of the
new regime that will replace a plethora of levies, create a common market and
likely give GDP growth a lift of up to two percentage points.</span></span></div>
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<a href="http://4.bp.blogspot.com/-Zgot5zC_6W4/VGin8kuo1NI/AAAAAAAABHM/EIKKl2n0qsU/s1600/gst.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://4.bp.blogspot.com/-Zgot5zC_6W4/VGin8kuo1NI/AAAAAAAABHM/EIKKl2n0qsU/s1600/gst.jpg" height="314" width="640" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium; line-height: normal;"><b> </b></span><span style="font-size: medium; line-height: normal;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://www.hindustantimes.com/business-news/india-may-review-gold-policy-after-surge-in-imports-reports/article1-1285676.aspx" target="_blank">India may review gold policy after surge in imports</a></b></span></span></span></div>
<span style="font-family: Arial, Helvetica, sans-serif;">India is considering curbs on gold imports by private trading firms after foreign purchases surged in the past two months, two sources with direct knowledge of the matter said.</span></div>
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<a href="http://4.bp.blogspot.com/-DodGJKtxxiI/VGin85n17II/AAAAAAAABHU/tRAOutCgGl4/s1600/gold.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://4.bp.blogspot.com/-DodGJKtxxiI/VGin85n17II/AAAAAAAABHU/tRAOutCgGl4/s1600/gold.jpg" height="480" width="640" /></span></a></div>
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<span style="font-size: medium; line-height: normal;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://www.economywatch.com/features/India-Looking-Beyond-the-end-of-QE-in-the-US-11-14-14.html" target="_blank">India Looking Beyond the end of QE in the U.S.</a></b></span></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">India was one of the hardest hit of the emerging markets after the US Federal Reserve first hinted it would cut back its quantitative easing program in May 2013. There were three reasons for this. First, global markets over-reacted. Second, India had many macroeconomic weaknesses. Third, since its capital markets were deep and liquid enough, they offered an avenue for portfolio managers targeting reduced exposure to emerging markets.</span></div>
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<a href="http://4.bp.blogspot.com/-17VpTJxK0xk/VGin5yXQjsI/AAAAAAAABGs/5w3S0haaxdQ/s1600/QE.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-17VpTJxK0xk/VGin5yXQjsI/AAAAAAAABGs/5w3S0haaxdQ/s1600/QE.jpg" height="430" width="640" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: medium; line-height: normal;"><b> </b></span><span style="font-family: Arial, Helvetica, sans-serif;"> </span><span style="font-family: Arial, Helvetica, sans-serif; font-size: medium; line-height: normal;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://www.dw.de/oil-prices-expected-to-fall-further-in-2015/a-18063636" target="_blank">Oil prices expected to fall further in 2015</a></b></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Weak demand from China and increasing US shale production are set to transform the oil industry, making a quick rebound in prices unlikely. Global oil prices have been on a downward slide since June.</span></div>
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<a href="http://1.bp.blogspot.com/-bwzE-cFBvdQ/VGin923OKsI/AAAAAAAABHk/k4eeq7KSNCE/s1600/oil.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-bwzE-cFBvdQ/VGin923OKsI/AAAAAAAABHk/k4eeq7KSNCE/s1600/oil.jpg" height="360" width="640" /></a></div>
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<b><span style="color: black; font-family: Arial, Helvetica, sans-serif;"><a href="http://timesofindia.indiatimes.com/business/india-business/FIPB-clears-HDFC-Banks-plan-to-hike-foreign-holding-to-74/articleshow/45154991.cms">FIPB clears HDFC Bank’s plan to hike foreign holding to 74%</a></span></b></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: small;"><span style="font-weight: normal; line-height: 23px;">The Foreign Investment Promotion Board (FIPB) on Friday cleared the long-pending proposal of HDFC Bank to hike foreign holding in the bank to 74%. "FIPB today considered and approved HDFC Bank's proposal," officials said after the meeting of the board. The FIPB is of the view that HDFC Bank's parent HDFC's 22.5% holding in the bank is FDI and, hence, total foreign holding is 73.2%, which includes FII, FDI, ADR and GDR.</span></span></h1>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>OPINION</b></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><b><br /></b></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: medium; line-height: normal;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://www.thehindubusinessline.com/opinion/columns/s-s-tarapore/beating-inflation-is-a-tightrope-walk/article6595613.ece" target="_blank">Beating inflation is a tightrope walk</a></b></span></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The recent abatement of the
year-on-year Consumer Price Index (CPI) inflation rate to below 7 per cent has
generated a chorus of pleas from India Inc for a reduction in Reserve Bank of
India (RBI) policy interest rates. Adding grist to the mills is Finance
Minister Arun Jaitley’s clarion call for a reduction in interest rates.<o:p></o:p></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">This is most unfortunate. So far,
the NDA government’s stance had been that interest rate policy was the
prerogative of the RBI.</span><o:p></o:p></div>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">SLIDESHOW</span><span style="font-family: Calibri, sans-serif; font-size: 16pt;"><o:p></o:p></span></h1>
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: small;"><u>Click on the
slideshow below to have a better view of A Rogues Gallery of Financial Crime</u></span><span style="font-family: Calibri, sans-serif; font-size: 11pt;"><o:p></o:p></span></h1>
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<a href="http://www.cnbc.com/id/28282110/page/1"><img border="0" src="http://2.bp.blogspot.com/-fUpTGhNeQZY/VGin53-WrmI/AAAAAAAABGo/m3Jl46lZ8U0/s1600/crime.jpg" height="426" width="640" /></a></div>
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<span style="font-size: 11pt; font-weight: normal;"><span style="font-family: Arial, Helvetica, sans-serif;">India was one of the hardest hit of the emerging markets after the US
Federal Reserve first hinted it would cut back its quantitative easing program
in May 2013. There were three reasons for this. First, global markets
over-reacted. Second, India had many macroeconomic weaknesses. Third, since its
capital markets were deep and liquid enough, they offered an avenue for
portfolio managers targeting reduced exposure to emerging markets.<o:p></o:p></span></span>
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<a href="http://4.bp.blogspot.com/-17VpTJxK0xk/VGin5yXQjsI/AAAAAAAABGs/5w3S0haaxdQ/s1600/QE.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://4.bp.blogspot.com/-17VpTJxK0xk/VGin5yXQjsI/AAAAAAAABGs/5w3S0haaxdQ/s1600/QE.jpg" height="430" width="640" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium;"><b> </b></span><span style="font-size: medium;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://www.dw.de/oil-prices-expected-to-fall-further-in-2015/a-18063636" target="_blank">Oil prices expected to fall further in 2015</a></b></span></span></span></div>
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<span style="font-size: 11pt; font-weight: normal;"><span style="font-family: Arial, Helvetica, sans-serif;">Weak demand from China and increasing US shale production are set to
transform the oil industry, making a quick rebound in prices unlikely. Global
oil prices have been on a downward slide since June.<o:p></o:p></span></span></h1>
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-bwzE-cFBvdQ/VGin923OKsI/AAAAAAAABHk/k4eeq7KSNCE/s1600/oil.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://1.bp.blogspot.com/-bwzE-cFBvdQ/VGin923OKsI/AAAAAAAABHk/k4eeq7KSNCE/s1600/oil.jpg" height="360" width="640" /></span></a></div>
<div>
<span style="font-size: 11pt; font-weight: normal;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<div>
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium;"><b> </b></span><span style="font-size: medium;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://timesofindia.indiatimes.com/business/india-business/FIPB-clears-HDFC-Banks-plan-to-hike-foreign-holding-to-74/articleshow/45154991.cms" target="_blank">FIPB clears HDFC Bank’s plan to hike foreign holding to 74%</a></b></span></span></span></div>
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><br /></b></span></span></span></div>
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<h1 style="background: white; margin-bottom: 7.5pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm;">
<span style="font-size: 11pt; font-weight: normal;"><span style="font-family: Arial, Helvetica, sans-serif;">The Foreign Investment Promotion Board (FIPB) on Friday cleared the
long-pending proposal of HDFC Bank to hike foreign holding in the bank to 74%.
"FIPB today considered and approved HDFC Bank's proposal," officials
said after the meeting of the board. The FIPB is of the view that HDFC Bank's
parent HDFC's 22.5% holding in the bank is FDI and, hence, total foreign
holding is 73.2%, which includes FII, FDI, ADR and GDR.<o:p></o:p></span></span></h1>
</div>
<div>
<h1>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"> </b></span></span></span><span style="font-family: Arial,Helvetica,sans-serif;">OPINION</span></h1>
</div>
<div>
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;"><span style="line-height: 18.3999996185303px;"> </span></span></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"> </b></span></span></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><a href="http://www.thehindubusinessline.com/opinion/columns/s-s-tarapore/beating-inflation-is-a-tightrope-walk/article6595613.ece" target="_blank">Beating inflation is a tightrope walk</a></b></span></span></span></div>
<div>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><br /></b></span></span></span></div>
<div>
<div class="MsoNormal" style="background: white; line-height: 12.0pt; margin-bottom: 15.0pt;">
<span style="font-family: Arial, Helvetica, sans-serif;">The recent abatement of the
year-on-year Consumer Price Index (CPI) inflation rate to below 7 per cent has
generated a chorus of pleas from India Inc for a reduction in Reserve Bank of
India (RBI) policy interest rates. Adding grist to the mills is Finance
Minister Arun Jaitley’s clarion call for a reduction in interest rates.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 12.0pt; margin-bottom: 15.0pt;">
<span style="font-family: Arial, Helvetica, sans-serif;">This is most unfortunate. So far,
the NDA government’s stance had been that interest rate policy was the
prerogative of the RBI.<o:p></o:p></span></div>
<h1>
<span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">SLIDESHOW</span></h1>
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span>
<br />
<div class="MsoNormal">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;"><u><b><span style="line-height: 18.3999996185303px;">Click on the slide show below to have a better view of A Rogues Gallery of Financial Crime</span></b></u></span></span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;"><u><b><span style="line-height: 18.3999996185303px;"><br /></span></b></u></span></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://www.cnbc.com/id/28282110/page/1"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://2.bp.blogspot.com/-fUpTGhNeQZY/VGin53-WrmI/AAAAAAAABGo/m3Jl46lZ8U0/s1600/crime.jpg" height="426" width="640" /></span></a></div>
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;"><u><b><span style="line-height: 18.3999996185303px;"><br /></span></b></u></span></span></div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-24862598589319166102014-11-09T23:51:00.002+05:302014-11-09T23:55:56.053+05:30VRITTAM (03 NOV 2014 - 09 NOV 2014)<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; color: #29aae1; font-family: Arial, Helvetica, sans-serif; font-size: 18px;">VRITTAM (03 NOV 2014 - 09 NOV 2014)</span><br />
<br />
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;">THE WEEKLY FINANCIAL NEWS</span></b></span><br />
<br />
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;"> </span></b></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.livemint.com/Money/V5KFjwynoFy4nMoK4EtUwL/Kingfisher-Airlines-faces-trading-suspension-from-1-December.html" target="_blank">Kingfisher Airlines faces trading suspension from 1 December</a></span></b></span></span></span><br />
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><span style="font-family: "Arial","sans-serif";"><span style="color: black; font-family: "Calibri","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Arial; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">India’s two main stock exchanges will suspend
trading of shares of grounded Kingfisher Airlines Ltd from 1 December for
failing to comply with rules on reporting financial results, the bourses said
in separate notices.</span></span></span></span></span><br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-p6ESNZD5_lE/VF-lOOQx6DI/AAAAAAAABDY/ZgjzeYhYc6I/s1600/bb.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-p6ESNZD5_lE/VF-lOOQx6DI/AAAAAAAABDY/ZgjzeYhYc6I/s1600/bb.jpg" /></a></div>
<br />
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.livemint.com/Politics/pTOLf2bF3CZd3lRCCAuh1J/Aadhaar-may-be-used-to-curb-black-money-in-real-estate.html" target="_blank">Aadhaar may be used to curb black money in real estate</a></span></b></span></span></span><br />
<div style="left: -99999px; position: absolute;">
Ahead of the new
framework for non-banking finance companies (NBFCs) expected by the end
of this month, the central bank has been slowly tweaking norms for them,
signalling tighter regulation on cards.
Analysts said the Reserve Bank of India (RBI) has quietly put in place
small changes during the current fiscal year, creating a more level
playing field between NBFCs and banks—which often do the same kind of
business but are subjected to different regulations. <br />
<br />
Read more at: <a href="http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=ref_article">http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy</a><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Ahead
of the new framework for non-banking finance companies (NBFCs) expected by the
end of this month, the central bank has been slowly tweaking norms for them,
signalling tighter regulation on cards. Analysts said the Reserve Bank of India
(RBI) has quietly put in place small changes during the current fiscal year,
creating a more level playing field between NBFCs and banks—which often do the
same kind of business but are subjected to different regulations. </span></div>
<div style="left: -99999px; position: absolute;">
NBFCs brace for tougher norms from RBI<br />
<br />
Read more at: <a href="http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=ref_article">http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy</a></div>
<div style="left: -99999px; position: absolute;">
NBFCs brace for tougher norms from RBI<br />
<br />
Read more at: <a href="http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=ref_article">http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy</a></div>
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<![endif]--><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;"><span style="color: black; line-height: 115%;">In a move aimed at curbing the use of black money in
property deals, the government is considering linking real estate transactions
with Aadhaar, the unique identity number.</span></span></span>
<br />
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<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;"> </span></b></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.livemint.com/Companies/BtnovJAess2Uj11r2O0qrL/Flipkart-seeks-valuation-of-over-10-billion-in-new-financin.html" target="_blank">Flipkart seeks valuation of over $10 billion in new financing</a></span></b></span></span></span><br />
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<a href="http://2.bp.blogspot.com/-hps7Jqi3akg/VF-lOEwcBAI/AAAAAAAABDU/0WiyeU1CKT8/s1600/cc.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-hps7Jqi3akg/VF-lOEwcBAI/AAAAAAAABDU/0WiyeU1CKT8/s1600/cc.jpg" /></a></div>
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<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;"> </span></b></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.bbc.com/news/business-29955706" target="_blank">US unemployment falls again in October</a></span></b></span></span></span><br />
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to 5.8%, official Labor Department figures show.</span></span></span></span></span></div>
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data for October, industrial output numbers for September, quarterly earnings
of blue-chips such as Tata Motors, ONGC and SBI, as also the first reshuffle of
the Union Cabinet would dictate the stock markets trend this week, say experts.</span></span></span></span></span></div>
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><span style="font-family: "Arial","sans-serif";"><span style="font-size: 12.0pt; line-height: 115%;">The Fed said
it was confident the US economic recovery would continue, despite a global
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<a href="http://1.bp.blogspot.com/-aXhAeDObOsc/VF-lRYLDJ7I/AAAAAAAABDw/jFUeKKES9Sc/s1600/ff.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-aXhAeDObOsc/VF-lRYLDJ7I/AAAAAAAABDw/jFUeKKES9Sc/s1600/ff.jpg" /></a></div>
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</span></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></span></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://in.reuters.com/article/2014/11/07/india-banks-badloans-idINKBN0IR12A20141107?type=economicNews" target="_blank">More pain ahead for Indian banks as bad loans pile up</a></span></b></span></span></span><br />
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<![endif]--><span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="line-height: 115%;">India's
state-owned banks warned growth in bad loans may continue into next year as
they posted a rise in troubled loans for the September quarter with a weakening
economy causing debt-laden sectors such as infrastructure to default on
payments.</span></span></span></div>
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<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;"><span style="line-height: 115%;"> </span></span></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></span></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.thehindubusinessline.com/economy/govt-in-final-stages-of-talks-with-states-on-gst-jaitley/article6580236.ece" target="_blank">Government in final stages of talks with states on GST: Jaitley</a></span></b></span></span></span></div>
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amendments to the Goods and Services Tax (GST) may be introduced in the ensuing
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inflation has a "long way" to go before it eases because of high
input costs, while the reasons for elevated food price inflation remain
"structural," Reserve Bank of India Deputy Governor H.R. Khan said on
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><span style="font-family: "Arial","sans-serif";"><span style="font-size: 12.0pt; line-height: 115%;">World's
second largest producer of cotton and silk is also the second largest textile
manufacturer. India, the story that is waiting to be told on the world forum
will soon turn into the biggest success India has even seen after IT, provided
the 'Make in India' campaign gives it the much needed fillip.</span></span></span></span></span></div>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";">
</span></b></span></span></span><br />
<div class="separator" style="clear: both; text-align: center;">
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://1.bp.blogspot.com/-zgoW-42zCLc/VF-lcgFt11I/AAAAAAAABEI/Frw2oqNtE08/s1600/hh.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-zgoW-42zCLc/VF-lcgFt11I/AAAAAAAABEI/Frw2oqNtE08/s1600/hh.png" /></a></span></b></span></span></span></div>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";">
</span></b></span></span></span><br />
<h1>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></span></span><span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 22.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">OPINION</span></b></span></h1>
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<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;"><span style="line-height: 115%;"> </span></span></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></span></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.thehindubusinessline.com/opinion/just-too-taxing/article6571324.ece" target="_blank">Just too taxing</a></span></b></span></span></span></div>
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<br /></div>
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><span style="font-family: "Arial","sans-serif";"><span style="font-size: 12.0pt; line-height: 115%;">On September
25, Prime Minister Narendra Modi kicked off the ‘Make in India’ campaign in the
presence of a large number of business leaders.</span></span></span></span></span></div>
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><span style="font-family: "Arial","sans-serif";"><span style="font-size: 12.0pt; line-height: 115%;"> </span>
<span style="font-size: 12.0pt; line-height: 115%;">Clearly tax
policy will play an important role if we want to attract big-ticket
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the last few years, the new government responded by announcing a number of
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<br />
<h1>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-91809401210632888902014-11-03T16:27:00.000+05:302014-11-09T22:50:54.868+05:30VRITTAM (27 OCT 2014 - 03 NOV 2014)<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; color: #29aae1; font-family: Arial, Helvetica, sans-serif; font-size: 18px;">VRITTAM (27 OCT 2014 - 03 NOV 2014)</span><br />
<br />
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;">THE WEEKLY FINANCIAL NEWS</span></b></span><br />
<br />
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html" target="_blank">NBFCs brace for tougher norms from RBI</a></span></b></span></span></span><br />
<div style="left: -99999px; position: absolute;">
Ahead of the new
framework for non-banking finance companies (NBFCs) expected by the end
of this month, the central bank has been slowly tweaking norms for them,
signalling tighter regulation on cards.
Analysts said the Reserve Bank of India (RBI) has quietly put in place
small changes during the current fiscal year, creating a more level
playing field between NBFCs and banks—which often do the same kind of
business but are subjected to different regulations. <br />
<br />
Read more at: <a href="http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=ref_article">http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy</a><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Ahead
of the new framework for non-banking finance companies (NBFCs) expected by the
end of this month, the central bank has been slowly tweaking norms for them,
signalling tighter regulation on cards. Analysts said the Reserve Bank of India
(RBI) has quietly put in place small changes during the current fiscal year,
creating a more level playing field between NBFCs and banks—which often do the
same kind of business but are subjected to different regulations. </span></div>
<div style="left: -99999px; position: absolute;">
</div>
<div style="left: -99999px; position: absolute;">
NBFCs brace for tougher norms from RBI<br />
<br />
Read more at: <a href="http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=ref_article">http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy</a></div>
<div style="left: -99999px; position: absolute;">
NBFCs brace for tougher norms from RBI<br />
<br />
Read more at: <a href="http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=ref_article">http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy</a></div>
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Ahead
of the new framework for non-banking finance companies (NBFCs) expected by the
end of this month, the central bank has been slowly tweaking norms for them,
signalling tighter regulation on cards. </span><br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-XigGLYTU3CM/VFdXqEaG2KI/AAAAAAAABBU/ODphkirzLFQ/s1600/ii.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-XigGLYTU3CM/VFdXqEaG2KI/AAAAAAAABBU/ODphkirzLFQ/s1600/ii.jpg" /></a></div>
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Analysts said the Reserve Bank of India
(RBI) has quietly put in place small changes during the current fiscal year,
creating a more level playing field between NBFCs and banks—which often do the
same kind of business but are subjected to different regulations. </span><br />
<br />
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;"> </span></b></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.livemint.com/Industry/B7igUAOjBxuM1YUQpTvh2M/Government-modifies-selection-process-for-heads-of-public-ba.html" target="_blank">Government modifies selection process for public bank heads</a></span></b></span></span></span><br />
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><!--[if gte mso 9]><xml>
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><span style="font-family: "Arial","sans-serif";"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">The
government has modified the selection process for the appointment of heads of
state-run banks and will conduct interviews for these posts on 13 and 14
November. Each candidate will have to be independently evaluated by three
sub-committees having two members each. </span></span></span></span></span><br />
<div class="separator" style="clear: both; text-align: center;">
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><span style="font-family: "Arial","sans-serif";"><a href="http://2.bp.blogspot.com/-MIkjstnwImA/VFdXoof-ePI/AAAAAAAABA4/hB1eoE3j2lc/s1600/bb.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-MIkjstnwImA/VFdXoof-ePI/AAAAAAAABA4/hB1eoE3j2lc/s1600/bb.jpg" height="213" width="320" /></a></span></span></span></span></div>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><span style="font-family: "Arial","sans-serif";"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">The financial services secretary, a
deputy governor from the Reserve Bank of India and four independent members
will be a part of these sub-committees.</span></span></span></span></span><b><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><span style="font-family: "Arial","sans-serif";"> </span></span></span></span></b><br />
<br />
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;"> </span></b></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.bloomberg.com/news/2014-10-31/brazil-central-government-posts-unexpectedly-big-primary-deficit.html" target="_blank">Brazil central government posts unexpectedly big primary deficit</a></span></b></span></span></span><br />
Brazil’s budget deficit unexpectedly widened to a record in
September, prompting the government to say it won’t meet its fiscal target as a
possible credit downgrade looms. Swap rates rose.<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";">
</span></b></span></span></span><br />
<br />
<div style="left: -99999px; position: absolute;">
<b>NBFCs brace for tougher norms from RBI<br /><br /> Read more at: <a href="http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=ref_article">http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy</a></b></div>
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;"> </span></b></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://economictimes.indiatimes.com/news/international/business/china-slowdown-to-bruise-global-economy/articleshow/45014468.cms" target="_blank">China slowdown to bruise global economy</a></span></b></span></span></span><br />
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China's roaring economy for years has pulled much of the
rest of the world with it, soaking up oil, iron ore and other commodities from
developing countries and autos and luxury goods from Europe.</div>
<div class="MsoNormal">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-CQG7A-uLF7A/VFdXo1JEnPI/AAAAAAAABBA/C7T1rb7s-wY/s1600/cc.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-CQG7A-uLF7A/VFdXo1JEnPI/AAAAAAAABBA/C7T1rb7s-wY/s1600/cc.jpg" /></a></div>
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But its role as a global engine is fading as its economy slows and many other
nations, in the view of economists, will feel the pain. A survey of 30
economists has found that 57 per cent of them expect China's decelerating
economy to restrain growth in countries from Brazil and Chile to Australia and
South Korea.</div>
<br />
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;"> </span></b></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.thehindubusinessline.com/companies/india-incs-sales-slow-but-profits-rise-in-sept-quarter/article6558043.ece?homepage=true" target="_blank">India Inc.’s sales slow, but profits rise in Sept quarter</a></span></b></span></span></span><br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-1v1bnFNuWVw/VFddUcMC_aI/AAAAAAAABB4/mGLYEWdlmcQ/s1600/qq.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-1v1bnFNuWVw/VFddUcMC_aI/AAAAAAAABB4/mGLYEWdlmcQ/s1600/qq.jpg" height="200" width="320" /></a></div>
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;"> </span></b></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.bbc.com/news/business-29846497" target="_blank">Eurozone inflation edges up to 0.4%</a></span></b></span></span></span><br />
The flash inflation figure of 0.4% for October was up from 0.3% in September, Eurostat said.<br />
The services sector was the biggest influence on the rise, showing an increase of 1.2% compared with a 1.1% rise in September.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-e3IS1nmP3ug/VFdXqMthHOI/AAAAAAAABBY/SJb92WphVd0/s1600/ff.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-e3IS1nmP3ug/VFdXqMthHOI/AAAAAAAABBY/SJb92WphVd0/s1600/ff.jpg" height="179" width="320" /></a></div>
The eurozone's unemployment rate remained unchanged at 11.5% in September compared with August.<br />
<br />
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> <a href="http://www.bbc.com/news/business-29848949" target="_blank">Banks may be forced to boost reserves</a></span></b></span></span></span><br />
The Bank of England wants to reduce the chances of banks needing taxpayer bailouts.<br />
The Bank said that the level of reserves compared to loans could rise from 3% to 4.95% from 2019.<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/--cG6WLsuyis/VFdXpy3u-OI/AAAAAAAABBQ/LhEieEN8PGA/s1600/ee.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/--cG6WLsuyis/VFdXpy3u-OI/AAAAAAAABBQ/LhEieEN8PGA/s1600/ee.jpg" height="179" width="320" /></a></div>
That means banks would need to hold £1 of capital for every £20 they lend, compared with £1 for every £33 today.<br />
<h1>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></span></span><span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 22.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">OPINION</span></b></span></h1>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.businessweek.com/articles/2014-10-30/will-wall-street-love-fracking-as-oil-prices-fall" target="_blank">Will Wall Street Love Fracking as Oil Prices Fall?</a></span></b></span></span></span><br />
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</span></b></span></span></span><span style="color: #222222;">In
a ballroom at the Dallas Ritz-Carlton in September, Aubrey McClendon told an
investor conference that since leaving<span class="apple-converted-space"> </span><span class="tickerwrap"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;">Chesapeake Energy</span></span><span class="apple-converted-space"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;"> </span>last</span> year to start his own company, American
Energy Partners, he’s raised an average of $1.6 million an hour. Laughter
swept the crowd. McClendon then put up a slide covered with the logos of Wall
Street backers that have collectively handed his outfit $13 billion. Among
them:<span class="apple-converted-space"> </span><span class="tickerwrap"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;">KKR</span></span><span class="apple-converted-space"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;">,</span> </span><span class="tickerwrap"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;">BlackRock</span></span><span class="apple-converted-space"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;"> </span></span>and<span class="apple-converted-space"> </span><span class="tickerwrap"><span style="border: none windowtext 1.0pt; mso-border-alt: none windowtext 0cm; padding: 0cm;">Apollo Global Management</span></span>. “Everybody here knows that
capital is more easily accessed today than probably at any other point in your
careers,” McClendon said.</span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></span></span><br />
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><br /></span></b></span></span></span>
<br />
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 22.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif"; font-size: 20.0pt; mso-bidi-font-size: 11.0pt;">SLIDESHOW</span></b><br />
<b><u><span style="font-family: "Arial","sans-serif"; font-size: 18.0pt; letter-spacing: -.75pt; mso-font-kerning: 18.0pt;">Click on the slideshow below to
have a better view of Ten Sectors that are boosting American Economy</span></u></b></span></b></span><br />
<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://www.economywatch.com/slideshow/10-sectors-that-are-boosting-the-american-economy.14-05.html"><img alt="http://www.economywatch.com/slideshow/10-sectors-that-are-boosting-the-american-economy.14-05.html" border="0" src="http://4.bp.blogspot.com/-PKa8hLFJLSQ/VFh30LtpIrI/AAAAAAAABCY/scGPwI_m7Zw/s1600/Capture.JPG" /><span id="goog_127757453"></span></a><span id="goog_127757454"></span></div>
<br /></div>
Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-13299846714512495052014-10-12T21:10:00.001+05:302014-11-03T17:07:27.932+05:30VRITTAM (06 OCT 2014 - 12 OCT 2014)<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; color: #29aae1; font-family: Arial, Helvetica, sans-serif; font-size: 18px;">VRITTAM (06 OCT 2014 - 12 OCT 2014)</span><br />
<br />
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;">THE WEEKLY FINANCIAL NEWS</span></b></span><br />
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;">
</span></b></span><br />
<h2 style="text-align: left;">
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://archive.indianexpress.com/news/govt-must-slash-spending-by-rs-1-trillion-to-meet-fiscal-target-barclays/1217323/" target="_blank"> Govt must slash spending by Rs 1 trillion to meet fiscal target: Barclays</a></span></b></span></span></span></h2>
<div style="text-align: left;">
<span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;">The government will have to cut expenditure by up to Rs 1 lakh crore
in the remaining part of the fiscal if it is to meet the budgeted fiscal
deficit target of 4.8 per cent, foreign brokerage Barclays has said. </span></span></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-55WEBmN-pqY/VDqahbCyQqI/AAAAAAAAA-w/gvCkZNJhDDI/s1600/M_Id_456347_Barclays.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-55WEBmN-pqY/VDqahbCyQqI/AAAAAAAAA-w/gvCkZNJhDDI/s1600/M_Id_456347_Barclays.jpg" height="193" width="320" /></a></div>
<br />
<h3 style="text-align: left;">
<span style="font-weight: normal;"><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;">During the April-November period, fiscal deficit touched as much as 94 per cent of the budgeted target. </span></span></span></h3>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://archive.indianexpress.com/news/banks-as-insurance-agents-irda-to-meet-ceos-to-frame-rules/1217108/" target="_blank">Banks as insurance agents: Irda to meet CEOs to frame rules</a></span></b></span></span></span><br />
<br />
<span style="font-family: Arial,Helvetica,sans-serif;">The Insurance Regulatory Authority of India (Irda) has convened a
meeting of the chief executives of all insurance companies next week to
put the necessary framework and facilitate the smooth entry of banks to
act as insurance brokers.
</span><br />
<span style="font-family: Arial,Helvetica,sans-serif;">The new policy will allow banks to sell policies of more than one
insurer. Currently, banks are allowed to sell products of one life and
one non-life insurance company as a corporate agent. </span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></span></span><br />
<br />
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.bloomberg.com/news/2014-10-11/china-s-zhou-says-some-countries-using-yuan-in-reserves.html" target="_blank">China’s Zhou Says Some Countries Using Yuan in Reserves </a></span></b></span></span></span><br />
<br />
<span style="font-family: Arial,Helvetica,sans-serif;">Some countries are already using the
Chinese yuan in their foreign-currency reserves without
announcing it publicly, central bank governor Zhou Xiaochuan
said. </span><br />
<span style="font-family: Arial,Helvetica,sans-serif;">
</span><span style="font-family: Arial,Helvetica,sans-serif;">While China’s yuan has begun to be used as a reserve
currency for several years, some countries “may not be willing
to say so,” Zhou told Bloomberg on the sidelines of the
International Monetary Fund meetings in Washington.</span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></span></span><br />
<br />
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.bloomberg.com/news/2014-10-10/fed-aim-off-target-as-inflation-descends-near-danger-zone.html" target="_blank">Fed Aim Off Target as Inflation Descends Near Danger Zone</a></span></b></span></span></span><br />
<br />
<span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;">Federal Reserve officials are hunting for new tactics to raise price
increases to their target as slowing global growth, cheaper commodities
and flat wages sound warnings that inflation is descending toward the
danger zone. </span></span><br />
<span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"> </span></span><span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;">The Fed needs a clear strategy for getting the
inflation rate higher after falling short of its 2 percent target for 28
consecutive months. </span></span><br />
<div style="left: -99999px; position: absolute;">
New Delhi: Norway-based
Telenor ASA, which owns 74% in Telewings Communications Ltd that runs
the brand Uninor, will complete the acquisition of the remaining 26%
stake worth around Rs.780 crore by autumn, Telenor’s chief executive Jon
Fredrik Baksaas said on Friday.
This 26% stake is owned by Sun Pharmaceutical Industries Ltd executive
director Sudhir Valia-promoted Lakshdeep Investments and Finance Pvt.
Ltd.
Uninor, which has 41 million subscribers, provides prepaid services on
the GSM technology platform in Uttar Pradesh west and east, Bihar,
Jharkhand, Andhra Pradesh, Maharashtra and Gujarat. Of these, around 20%
are regular Internet users, which the company hopes to take up to 50%
by 2017.<br />
<br />
Read more at: <a href="http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=ref_article">http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=copy</a><br />
<div style="left: -99999px; position: absolute;">
New Delhi: Norway-based
Telenor ASA, which owns 74% in Telewings Communications Ltd that runs
the brand Uninor, will complete the acquisition of the remaining 26%
stake worth around Rs.780 crore by autumn, Telenor’s chief executive Jon
Fredrik Baksaas said on Friday.
This 26% stake is owned by Sun Pharmaceutical Industries Ltd executive
director Sudhir Valia-promoted Lakshdeep Investments and Finance Pvt.
Ltd.
Uninor, which has 41 million subscribers, provides prepaid services on
the GSM technology platform in Uttar Pradesh west and east, Bihar,
Jharkhand, Andhra Pradesh, Maharashtra and Gujarat. Of these, around 20%
are regular Internet users, which the company hopes to take up to 50%
by 2017.<br />
<br />
Read more at: <a href="http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=ref_article">http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=copy</a></div>
</div>
<div style="left: -99999px; position: absolute;">
New Delhi: Norway-based
Telenor ASA, which owns 74% in Telewings Communications Ltd that runs
the brand Uninor, will complete the acquisition of the remaining 26%
stake worth around Rs.780 crore by autumn, Telenor’s chief executive Jon
Fredrik Baksaas said on Friday.
This 26% stake is owned by Sun Pharmaceutical Industries Ltd executive
director Sudhir Valia-promoted Lakshdeep Investments and Finance Pvt.
Ltd.
Uninor, which has 41 million subscribers, provides prepaid services on
the GSM technology platform in Uttar Pradesh west and east, Bihar,
Jharkhand, Andhra Pradesh, Maharashtra and Gujarat. Of these, around 20%
are regular Internet users, which the company hopes to take up to 50%
by 2017.<br />
<br />
Read more at: <a href="http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=ref_article">http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=copy</a></div>
<h1>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.livemint.com/Companies/7ajK1StM0norw48PDFKS9M/Indian-firms-quarterly-earnings-to-rise-but-at-a-slower-pa.html" target="_blank">Indian firms’ quarterly earnings to rise, but at a slower pace</a></span></b><span style="font-weight: normal;"><span style="mso-bidi-font-weight: normal;"><span style="font-size: small;"> </span></span></span></span></span></span></h1>
<h3 style="text-align: left;">
<span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;"><span class="MsoHyperlink"><span style="font-weight: normal;">Revenues
and earnings of Indian companies are expected to rise marginally in the
second quarter of fiscal year 2015 (Q2 FY15), with analysts expecting
the recovery to be more broad-based than in the recent quarters. </span></span></span></span></h3>
<h1 style="text-align: center;">
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://4.bp.blogspot.com/-WmbcKoRsf7M/VDqahTc3XQI/AAAAAAAAA-0/w35bZ-HzAnw/s1600/bseindia--621x414.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://4.bp.blogspot.com/-WmbcKoRsf7M/VDqahTc3XQI/AAAAAAAAA-0/w35bZ-HzAnw/s1600/bseindia--621x414.jpg" height="213" width="320" /></a></span></b></span></span></span></h1>
<h3 style="text-align: left;">
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><span style="font-weight: normal;"><span style="mso-bidi-font-weight: normal;"><span style="font-size: small;"> Estimates of net profit growth for the 30 Sensex companies in Q2 of FY15
range from 8-10%, based on brokerage estimates released ahead of the
earnings season, which kicks off later this week.</span></span></span></span></span></span><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></span></h3>
<h3 style="text-align: left;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://online.wsj.com/articles/india-official-rbi-and-government-will-cooperate-on-inflation-1412944079?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB11955092128744023881304580205982736725568.html" target="_blank">India Official: RBI and Government Will Cooperate on Inflation</a></span></b></span></span></h3>
<h3 style="text-align: left;">
<span style="font-weight: normal;"><span style="font-size: small;"><span style="font-family: Arial,Helvetica,sans-serif;">Markets and investors should not
worry about the Indian government’s attempts to have more of a say in
the Reserve Bank of India’s monetary policy, said Indian Finance
Secretary
Arvind Mayaram.During a visit to the U.S. this
week, Mr. Mayaram—the Indian finance ministry’s top bureaucrat—dismissed
fears that a new proposed monetary-policy framework will spur a clash
between the government and the central bank. New Delhi and the RBI in
Mumbai are trying to revamp the way monetary policy is set. </span></span></span></h3>
<h1>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://online.wsj.com/articles/indias-inflation-may-ease-to-new-lows-in-september-1412859583?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB11955092128744023881304580204012737961890.html" target="_blank">India’s Inflation May Ease To New Lows In September</a></span></b></span></span></span></h1>
NEW DELHI—A broad-based decline in prices of most commodities is
expected to have pushed India’s inflation down to record lows last
month, a survey of economists shows.<br />
The country’s consumer
inflation rate is likely to fall to 7.10% in September from 7.80% in
August, according to a poll of 15 economists by The Wall Street Journal.
If the estimate is met, it will be the lowest reading since the
government introduced the current series.<br />
<br />
<br />
<br />
<article class="module articleBody"><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html" target="_blank">Telenor to buy remaining stake in Uninor</a></span></b></span></span></span><div class="articleBody">
<br />
<span style="font-family: Arial,Helvetica,sans-serif;">New Delhi: Norway-based Telenor ASA, which owns 74% in Telewings Communications Ltd that runs the brand Uninor, will complete the acquisition of the remaining 26% stake worth around Rs.780 crore by autumn, Telenor’s chief executive Jon Fredrik Baksaas said on Friday. This 26% stake is owned by Sun Pharmaceutical Industries Ltd executive director Sudhir Valia-promoted Lakshdeep Investments and Finance Pvt. Ltd. </span><br />
<span style="font-family: Arial,Helvetica,sans-serif;">Uninor, which has 41 million subscribers, provides prepaid services on the GSM technology platform in Uttar Pradesh west and east, Bihar, Jharkhand, Andhra Pradesh, Maharashtra and Gujarat. Of these, around 20% are regular Internet users, which the company hopes to take up to 50% by 2017.</span></div>
</article><br />
<div style="left: -99999px; position: absolute;">
Telenor to buy remaining stake in Uninor soon<br />
<br />
Read more at: <a href="http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=ref_article">http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=copy</a></div>
<div style="left: -99999px; position: absolute;">
Telenor to buy remaining stake in Uninor soon<br />
<br />
Read more at: <a href="http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=ref_article">http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=copy</a></div>
<div style="left: -99999px; position: absolute;">
Telenor to buy remaining stake in Uninor soon<br />
<br />
Read more at: <a href="http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=ref_article">http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=copy</a></div>
<h1>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></span></span><span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 22.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">OPINION</span></b></span></h1>
<span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;"><a href="http://www.livemint.com/Opinion/d9W7PCoOAXOWCKFgya8b1O/Will-China-deliver-the-next-financial-crisis.html"><span style="font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Will China deliver the next financial crisis? </span></a></span></b></span><br />
<br />
<span class="MsoHyperlink"><span style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;"><span style="font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Will China be the source of the next global financial disaster? The evidence increasingly offers reason for concern, though the nature of any calamity could be very different from what the world endured in 2008. At a time when consumers and governments in the US and Europe have been trying—with limited success—to pare down or at least stabilize their debt burdens, China has been doing the opposite. Over the past five years, it has pumped more than $13 trillion of credit into its economy, in an effort to keep its growth rate up amid a weak global recovery.</span></span></span><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;"><span style="font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"></span></span></b></span><br />
<br />
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 22.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif"; font-size: 20.0pt; mso-bidi-font-size: 11.0pt;">SLIDESHOW</span></b><br />
<b><u><span style="font-family: "Arial","sans-serif"; font-size: 18.0pt; letter-spacing: -.75pt; mso-font-kerning: 18.0pt;">Click on the slideshow below to
have better view of GVK surges over 3% on $10-billion Australian deal</span></u></b></span></b></span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 22.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><b><u><span style="font-family: "Arial","sans-serif"; font-size: 18.0pt; letter-spacing: -.75pt; mso-font-kerning: 18.0pt;"><br /></span></u></b></span></b></span>
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="http://economictimes.indiatimes.com/markets/stocks/news/gvk-surges-over-3-on-10-billion-australian-deal/slideshow/44742636.cms" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" src="http://4.bp.blogspot.com/-G_FFNz64vVI/VDqf4Bc1P3I/AAAAAAAAA_c/dyi9mkp1YUs/s1600/%23%25.png" height="255" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><a href="http://economictimes.indiatimes.com/markets/stocks/news/gvk-surges-over-3-on-10-billion-australian-deal/slideshow/44742636.cms"><br /></a></td></tr>
</tbody></table>
<div style="left: -99999px; position: absolute;">
Will China be the
source of the next global financial disaster? The evidence increasingly
offers reason for concern, though the nature of any calamity could be
very different from what the world endured in 2008.
At a time when consumers and governments in the US and Europe have been
trying—with limited success—to pare down or at least stabilize their
debt burdens, China has been doing the opposite. Over the past five
years, it has pumped more than $13 trillion of credit into its economy,
in an effort to keep its growth rate up amid a weak global recovery.<br />
<br />
Read more at: <a href="http://www.livemint.com/Opinion/d9W7PCoOAXOWCKFgya8b1O/Will-China-deliver-the-next-financial-crisis.html?utm_source=ref_article">http://www.livemint.com/Opinion/d9W7PCoOAXOWCKFgya8b1O/Will-China-deliver-the-next-financial-crisis.html?utm_source=copy</a></div>
<div style="left: -99999px; position: absolute;">
Revenues and earnings
of Indian companies are expected to rise marginally in the second
quarter of fiscal year 2015 (Q2 FY15), with analysts expecting the
recovery to be more broad-based than in the recent quarters.
Estimates of net profit growth for the 30 Sensex companies in Q2 of FY15
range from 8-10%, based on brokerage estimates released ahead of the
earnings season, which kicks off later this week.<br />
<br />
Read more at: <a href="http://www.livemint.com/Companies/7ajK1StM0norw48PDFKS9M/Indian-firms-quarterly-earnings-to-rise-but-at-a-slower-pa.html?utm_source=ref_article">http://www.livemint.com/Companies/7ajK1StM0norw48PDFKS9M/Indian-firms-quarterly-earnings-to-rise-but-at-a-slower-pa.html?utm_source=copy</a></div>
<div style="left: -99999px; position: absolute;">
Revenues and earnings
of Indian companies are expected to rise marginally in the second
quarter of fiscal year 2015 (Q2 FY15), with analysts expecting the
recovery to be more broad-based than in the recent quarters.
Estimates of net profit growth for the 30 Sensex companies in Q2 of FY15
range from 8-10%, based on brokerage estimates released ahead of the
earnings season, which kicks off later this week.<br />
<br />
Read more at: <a href="http://www.livemint.com/Companies/7ajK1StM0norw48PDFKS9M/Indian-firms-quarterly-earnings-to-rise-but-at-a-slower-pa.html?utm_source=ref_article">http://www.livemint.com/Companies/7ajK1StM0norw48PDFKS9M/Indian-firms-quarterly-earnings-to-rise-but-at-a-slower-pa.html?utm_source=copy</a></div>
</div>
Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-66572478364025127622014-08-31T21:32:00.000+05:302014-09-01T01:40:08.525+05:30VRITTAM(18 AUG 2014 - 24 AUG 2014)<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; color: #29aae1; font-family: Arial, Helvetica, sans-serif; font-size: 18px;">VRITTAM (18 AUG 2014 - 24 AUG 2014)</span><br />
<div dir="ltr" trbidi="on">
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<div class="MsoNormal" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; line-height: 19.5px; margin: 0cm 0cm 0pt; text-align: justify; vertical-align: baseline;">
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;">THE WEEKLY FINANCIAL NEWS</span></b></span><br />
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://in.reuters.com/article/2014/08/26/india-finmeccanica-idINKBN0GQ12G20140826" target="_blank">India bans Finmeccanica from bidding contracts after graft
allegations</a></span></b></span></span></span></div>
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">India has banned Finmeccanica (</span>SIFI.MI) from future contracts, a
defence ministry source said on Tuesday, as it presses on with an investigation
into a scrapped helicopter contract with the Italian company.</span></span></div>
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><a href="http://2.bp.blogspot.com/-_auw-69oTu4/VANBshd3b-I/AAAAAAAAA84/AfMGEdCruj8/s1600/s3.reutersmedia.net.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-_auw-69oTu4/VANBshd3b-I/AAAAAAAAA84/AfMGEdCruj8/s1600/s3.reutersmedia.net.jpg" /></a></span></span></div>
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
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</span></span>
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<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">In January, India cancelled a 560 million
euro ($751 million) order with Finmeccanica's AgustaWestland unit for 12
helicopters after Italian prosecutors alleged the defence group had paid bribes
to Indian officials to win the contract.</span></span></span></div>
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</span></span><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.bloomberg.com/news/2014-08-26/south-africa-avoids-recession-as-economy-expands-0-6-in-quarter.html">South
Africa Avoids Recession as GDP Expands 0.6% in Quarter</a></span></b></span><span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><div style="background: white;">
<span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">South Africa’s economy avoided its second recession in five years,
expanding an annualized 0.6 percent in the three months through June. Gross
domestic product rose after contracting 0.6 percent in the first quarter, the
statistics office said in a report released today in the capital, Pretoria. The
median estimate of 23 economists in a Bloomberg survey was 0.9 percent. </span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Africa’s second-largest economy rebounded from a slump in the first
quarter that was caused by a five-month strike at the world’s largest platinum
producers. The economy remains under pressure, with Finance Minister Nhlanhla
Nene saying yesterday he will probably cut the government’s growth projection
for this year to 1.8 percent from 2.7 percent estimated in February.</span></div>
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<span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://www.bloomberg.com/news/2014-08-26/burger-king-agrees-to-buy-tim-hortons-in-move-to-lower-taxes.html">Burger
King to Buy Tim Hortons for About $11 Billion </a></span></b></span></div>
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<span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"> </span></b></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Burger King Worldwide Inc. (BKW) agreed to acquire <span style="color: windowtext; text-decoration: none; text-underline: none;">Tim Hortons Inc. (THI)</span> for about C$12.5 billion ($11.4
billion) in a deal that creates the third-largest fast-food company and moves
its headquarters to Canada. </span></div>
<span style="font-family: "Arial","sans-serif";">Tim Hortons investors will
receive C$65.50 in cash and 0.8025 a share of the combined entity for each
share they own, the companies said in a statement today. The transaction, which
is backed in part by <span style="font-family: Arial, Helvetica, sans-serif;">Warren Buffet's</span> <span style="color: windowtext; text-decoration: none; text-underline: none;">Berkshire Hathaway Inc. (BRK/B)</span>, values each
Tim Hortons share at C$94.05, based on Burger King’s closing price yesterday. </span><br />
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<span style="font-size: small;"><span class="MsoHyperlink"><b><span style="font-family: "Arial","sans-serif";"><a href="http://www.financialexpress.com/news/no-hike-epfo-to-pay-8.75-per-cent-interest-on-pf-deposits-in-201415/1282588">No
hike, EPFO to pay 8.75 per cent interest on PF deposits in 2014-15</a></span></b></span></span></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Retirement fund body EPFO today announced 8.75 per cent rate of interest
on provident fund deposits for the current fiscal, a move which would benefit
its over five crore subscribers across the country. The decision to retain
interest rate of 8.75 per cent was taken at a meeting of EPFO's apex decision
making body the Central Board of Trustees chaired by Labour Minister Narendra
Singh Tomar here in the capital. </span></div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-TH55n1y6H-E/VANBsxxRZcI/AAAAAAAAA88/B2-QhZs_8fs/s1600/M_Id_479804_provident_fund.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-TH55n1y6H-E/VANBsxxRZcI/AAAAAAAAA88/B2-QhZs_8fs/s1600/M_Id_479804_provident_fund.jpg" height="213" width="320" /></a></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">"EPFO will provide 8.75 per cent rate of interest on PF deposits
for 2014-15," Tomar told reporters after CBT meeting. As per practice, now
the Employees' Provident Fund Organisation's (EPFO) trustees' decision would be
implemented after the concurrence of the finance ministry. </span></div>
<br />
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;">
</span></span><br />
<div style="background: white;">
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://in.reuters.com/article/2014/08/22/india-rbi-liquidity-idINKBN0GM0F320140822?type=economicNews">RBI
to conduct frequent term repos for flexible cash management</a></span></b></span></span></span></div>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;">
</span></span>
<br />
<div style="background: white;">
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;">
</span></span>
<br />
<div style="background: white;">
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-family: "Arial","sans-serif";">(Reuters)
- The Reserve Bank of India (RBI) said it would conduct more frequent term
repos but retained the overall borrowing limit for lenders, in a bid to make
borrowing more flexible without injecting additional liquidity into markets.Bond
markets barely moved on the measures, with the 10-year benchmark 2024 bond and
the overnight cash rates broadly steady from levels before the announcement.</span></span></span></div>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;">
</span></span>
<br />
<div style="background: white;">
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-family: "Arial","sans-serif";">By
issuing more frequent term repos, the RBI addresses a key complaint by banks,
which had said irregular auctions of these cash-for-loan transactions had made
it difficult to manage near-term cash needs.Term repos are loans the RBI
extends to banks, for which government bonds act as collateral for a specified
period of time.</span></span></span></div>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;">
</span></span>
<div style="background: white;">
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></span></div>
<span style="font-size: medium;"><span style="font-family: Arial, Helvetica, sans-serif;">
<div style="background: white;">
<span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://indianexpress.com/article/business/banking-and-finance/icici-bank-does-a-first-launches-emi-on-debit-cards-scheme/">ICICI
Bank does a first, launches EMI on debit cards scheme</a></span></b></span></div>
<div style="background: white;">
<br /></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">ICICI
Bank, the country’s largest private sector bank, announced the launch of EMI
(Equated Monthly Instalments) facility on debit cards to enable its customers
to convert high value transactions into easy instalments.</span></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">ICICI
Bank is the first in the country to introduce this facility.</span></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">”As
we approach the festive season, this initiative will empower over 22 million
ICICI Bank debit card customers to buy products of their choice and pay in easy
EMIs,“ said Rajiv Sabharwal, Executive Director, ICICI Bank.</span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0cm;">
<br /></div>
<div style="background: white;">
<span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://online.wsj.com/articles/ifc-to-raise-2-5-billion-via-rupee-bonds-swaps-in-india-1408532969?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052970203679204580103292599913572.html">IFC
to Raise $2.5 Billion Via Rupee Bonds, Swaps in India</a></span></b></span></div>
<div style="background: white;">
<br /></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">NEW
DELHI--The International Finance Corp., the private financing arm of the World
Bank Group, said Wednesday that it will raise $2.5 billion by selling
rupee-denominated bonds and swaps in India over the next five years. </span></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">IFC
said it will use the money to finance infrastructure investments in India and
the issue would also help deepen the country's bond markets. </span></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">India
needs heavy investments to improve infrastructure facilities that have become
an impediment to speeding up economic growth. But lack of long-term financing
and shallow bond markets have made it difficult for infrastructure projects to
arrange the necessary funding. </span></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">"Issuance
of onshore bonds by IFC, with offer of longer-tenor bonds, will deepen the bond
market and also provide much-needed finance to infrastructure projects,"
India's Finance Secretary Arvind Mayaram said, according to the IFC statement. </span></div>
<div style="background: white;">
<br /></div>
<div style="background: white;">
<span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><a href="http://online.wsj.com/articles/india-official-economy-to-grow-close-to-5-8-this-year-1408617288?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052970203679204580105254033364786.html">India
Official: Economy to Grow Close to 5.8% This Year</a></span></b></span></div>
<div style="background: white;">
<br /></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">NEW
DELHI—The Indian economy will expand close to 5.8% in the current fiscal year,
Finance Secretary Arvind Mayaram said Thursday, underscoring hopes that the
south Asian country's growth would recover strongly this year. </span></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">"There
is an uptick in core [industrial] sector," and recent indicators such as
sales of passenger vehicles and the Purchasing managers index are also pointing
to a recovery, he said. </span></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">The
projection is close to the higher end of the 5.4% to 5.9% growth forecast that
the government gave in a review of the economy last month. </span></div>
<div style="background: white;">
<span style="font-family: "Arial","sans-serif";">Hopes
of a pickup in investments on the back of faster changes in policies by the
country's recently elected pro-business government have raised expectations
that growth could accelerate to as much as 6.0% this year after going through
the worst slowdown in years. </span><br />
</div>
</span></span>
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 22.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">OPINION</span></b></span></div>
<div class="MsoNormal" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; line-height: 19.5px; margin: 0cm 0cm 0pt; text-align: justify; vertical-align: baseline;">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 22.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"> </span></b></span></div>
<div class="MsoNormal" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; line-height: 19.5px; margin: 0cm 0cm 0pt; text-align: justify; vertical-align: baseline;">
<span class="MsoHyperlink"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;"><a href="http://www.livemint.com/Opinion/n8tKO15nRSitHtQxMSOiNN/Look-East-policy-going-beyond-rhetoric.html"><span style="font-size: 12.0pt; line-height: 115%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Look East policy: going beyond rhetoric</span></a></span></b></span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><br />
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><br />
</span><span style="font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: EN-IN; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;">Like the proverbial one hand not knowing what
the other is doing, India’s Look East policy is in danger of becoming
incoherent. Two events describe the state of affairs. External affairs minister
Sushma Swaraj paid a visit to Vietnam this week, an event that hardly attracted
the attention it merited. But days after that visit, commerce minister Nirmala
Sitharaman skipped a planned visit to Myanmar to sign an important bilateral
agreement with Asean countries. Her reason: she is needed at home for the
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<b><u><span style="font-family: "Arial","sans-serif"; font-size: 18.0pt; letter-spacing: -.75pt; mso-font-kerning: 18.0pt;">Click on the slideshow below to
have better view of <span style="mso-spacerun: yes;"> </span>A guide to Income
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-52952163243669220942014-08-26T01:46:00.005+05:302014-08-26T04:04:10.059+05:30VRITTAM(10 AUG 2014 - 17 AUG 2014)<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: white; color: #29aae1; font-family: Arial, Helvetica, sans-serif; font-size: 18px;">VRITTAM (10 AUG 2014 - 17 AUG 2014)</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium;"></span><br /></span>
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<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;">THE WEEKLY FINANCIAL NEWS</span></b></span></div>
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<span style="font-family: Arial,Helvetica,sans-serif; font-size: large;"><span style="font-weight: normal;"><a href="http://economictimes.indiatimes.com/news/economy/finance/ifcs-2-billion-bond-sale-a-vote-of-confidence-for-indian-economy/articleshow/40451724.cms">IFC’s
$2-billion bond sale a vote of confidence for Indian economy</a> </span> </span></div>
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">The
International Finance Corporation (IFC), private finance arm of the World Bank,</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;"> is set to raise as much as $2 billion in a bumper bond sale, a vote of
confidence</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;"> in the Indian economy that's set for a turnaround under the
growth-oriented policies</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;"> of the Narendra Modi government. </span></div>
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<span style="font-family: Arial,Helvetica,sans-serif;"> </span><br />
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<span style="font-family: Arial,Helvetica,sans-serif;"></span><a href="http://1.bp.blogspot.com/-Juy8sTQ6mSw/U_uPUemGTRI/AAAAAAAAA6E/d8SU3q-_Sxs/s1600/IndianEconomy.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-Juy8sTQ6mSw/U_uPUemGTRI/AAAAAAAAA6E/d8SU3q-_Sxs/s1600/IndianEconomy.jpg" /></a></div>
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<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">This will also be the first onshore offer of such magnitude by a blue chip
entity and </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">will help deepen and internationalize India's corporate bond market,
something that </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">successive governments and the Reserve Bank of India (RBI) have
aspired to over </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">the years but haven't quite been able to achieve. </span></div>
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<span style="font-family: Arial,Helvetica,sans-serif; font-size: large;"><a href="http://economictimes.indiatimes.com/articleshow/40382761.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst">India
among top 16 lenders to US as bond investments hit $73 billion in June</a></span><br />
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<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<br />
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<span style="font-family: Arial,Helvetica,sans-serif;"><a href="http://2.bp.blogspot.com/-yGCUSl3pXKY/U_uPUhuAvAI/AAAAAAAAA6I/EcGGn3OBDO8/s1600/Lenders.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-yGCUSl3pXKY/U_uPUhuAvAI/AAAAAAAAA6I/EcGGn3OBDO8/s1600/Lenders.jpg" height="240" width="320" /></a></span></div>
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<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">India is now
among the 16 top lenders to the United States, with its investments in the</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">US
government bonds hitting a new high in June at $73 billion.Indian investors — </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">predominantly the Reserve Bank of India — have increased
exposure to US treasury</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">securities by 19 per cent over the past year, according
to data released by the US</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">treasury department. India has now lent more than
developed countries such as Canada, </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">Germany or France to the world's most
powerful economy.</span></div>
<div class="MsoNormal" style="background: white; margin-bottom: 12.0pt;">
<span style="font-family: Arial,Helvetica,sans-serif; font-size: large;"><a href="http://economictimes.indiatimes.com/articleshow/13867466.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst">News
Corporation buys 50 per cent stake in ESPN Star Sports</a></span> </div>
<div class="MsoNormal" style="background: white; margin-bottom: 12.0pt;">
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">The
transaction will allow News Corporation units to own and operate all of the ESS </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">businesses while providing ESPN more independence and flexibility in future
support of </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">The Walt Disney Company's overall efforts in Asia, a media release
said.</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">"News Corporation's acquisition of the interest of ESS that we did not
already own, </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">continues the program of simplifying our operating model,
consolidating our affiliate </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">ownership structures and furthers our commitment to delivering incredible sports </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">programming to consumers across the globe and
particularly enhancing our position </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">in sports programming in emerging
markets," said James Murdoch, Deputy Chief</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">Operating Officer and Chairman and CEO International, News Corporation.</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: large;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial,Helvetica,sans-serif; font-size: large;"><a href="http://www.livemint.com/Money/11QhzNZgBXqZztriVaaRkI/RBI-deputy-governor-says-no-signs-of-stress-in-real-estate-s.html?utm_source=copy">RBI
deputy governor says no signs of stress in real estate sector</a></span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">Reserve Bank of India (RBI) deputy governor S.S. Mundra on Wednesday said that</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">though the real estate sector is prone to volatility and formation of asset
bubbles, </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">there are no signs of stress in the sector so far. “Despite complains
about the flow of </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">credit to the real estate sector, figures show that the loan
growth to commercial real</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;"> estate has been strong and robust mirroring other
segments,” Mundra said.</span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif; font-size: large;"><a href="http://www.livemint.com/Companies/J1zNZ2Kzf3GH3N1etrtMCO/The-only-real-worry-is-inflation-Aditya-Puri.html?utm_source=copy">The
only real worry is inflation: HDFC Bank’s Aditya Puri</a></span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><br style="mso-special-character: line-break;" /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">Growth in the economy could accelerate to near 5.5% this
fiscal year if progress is made </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">on unblocking stalled projects, said Aditya
Puri , managing director of HDFC Bank Ltd.</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">Puri said he doesn’t expect interest
rates to decline for at least one year as food inflation </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">remains a concern.
However, rates in the banking system have already started to come </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">down for
retail and corporate borrowers, he said. On a potential merger between Housing</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;"> Development and Finance Corp. Ltd (HDFC) and HDFC Bank, Puri said that while </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">some issues have been resolved by the recent regulatory changes, not all issues
have</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;"> been, adding a merger will only be considered if it makes business sense. </span></div>
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<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span></div>
<div class="MsoNormal" style="background: white; margin-bottom: 12.0pt;">
<span style="font-family: Arial,Helvetica,sans-serif; font-size: large;"><a href="http://www.livemint.com/Industry/3iQI87BeMKZyMiqKU08ubJ/Standard-Chartered-to-pay-300-million-on-unflagged-transact.html?utm_source=copy">Standard
Chartered to pay $300 million on unflagged transactions</a></span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">Standard Chartered Plc agreed to pay $300 million for failing to flag
suspicious transactions</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">after promising to do so as part of a 2012 settlement
with New York’s banking regulator.</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">The London-based bank didn’t fix the
anti-money laundering compliance issues as it had </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">been required to do in the
accord two years ago, according to a statement from the</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;"> New York Department of
Financial Services on Tuesday. </span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 22.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">OPINION</span></b></span></div>
<div class="MsoNormal">
<span style="font-family: Arial,Helvetica,sans-serif; font-size: large;"><a href="http://www.livemint.com/Opinion/BpvrkiF5a1giWLQmFnoW6M/India-must-adopt-promarket-policies.html?utm_source=copy">India
must adopt pro-market policies</a></span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">It was not for no reason that Milton
Friedman, a Nobel laureate and prominent Chicago </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">school economist, considered
businessmen to be the biggest threat to free markets.</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">Businesses like to be
shielded from market competition and offered special favors</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">by the government,
and that is exactly what a “pro-business” politician promises to deliver. </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">This
is far removed from upholding business freedom by allowing free entry and exit </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">into markets without barriers raised by the government. The “pro-poor”
politician, on the</span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">other hand, likes to pander to populist sentiments, often
granting free or subsidized </span><br />
<span style="font-family: Arial,Helvetica,sans-serif; font-size: small;">goodies and various kinds of protection to the
poor. </span></div>
<div class="MsoNormal">
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 20.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;">SLIDESHOW</span></b></span><br />
<br />
<div class="MsoNormal">
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 20.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><u><span style="font-size: 18.0pt; letter-spacing: -.75pt; line-height: 115%; mso-bidi-font-weight: bold; mso-font-kerning: 18.0pt;">Click on the slideshow below to have better view of
why</span></u></span></b></span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 20.0pt; line-height: 115%; mso-bidi-font-size: 11.0pt;"><u><span style="font-size: 18.0pt; letter-spacing: -.75pt; line-height: 115%; mso-bidi-font-weight: bold; mso-font-kerning: 18.0pt;"> India is better prepared for US monetary tightening </span></u></span></b></span><br />
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<span style="font-family: Arial,Helvetica,sans-serif;"><br /></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<span style="font-family: Arial,Helvetica,sans-serif;"></span><a href="http://economictimes.indiatimes.com/slideshows/economy/10-reasons-why-india-is-better-prepared-for-us-monetary-tightening/slideshow/40032344.cms" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img alt="http://economictimes.indiatimes.com/slideshows/economy/10-reasons-why-india-is-better-prepared-for-us-monetary-tightening/slideshow/40032344.cms" border="0" src="http://1.bp.blogspot.com/-f9UyN8ojESE/U_uXpyEUZbI/AAAAAAAAA74/r9NWKvJYrGc/s1600/10reasons.jpg" height="227" width="320" /></a></div>
</div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-23231197315573592962014-08-11T03:05:00.002+05:302014-08-26T03:08:05.706+05:30VRITTAM (03 AUG 2014 - 09 AUG 2014)<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: white; color: #29aae1; font-family: Arial, Helvetica, sans-serif; font-size: 18px;">VRITTAM (03 AUG 2014 - 09 AUG 2014)</span></div>
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</div>
<div class="post-body entry-content" id="post-body-8145363661977253217" itemprop="description articleBody" style="background-color: white; color: #333333; font-size: 13px; line-height: 18.200000762939453px; position: relative; width: 746px;">
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="font-size: medium;"></span><br /></span>
<br />
<div class="MsoNormal" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; line-height: 19.5px; margin: 0cm 0cm 0pt; text-align: justify; vertical-align: baseline;">
<span style="font-size: medium;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-family: Arial, Helvetica, sans-serif; line-height: 27px;">THE WEEKLY FINANCIAL NEWS</span></b></span></div>
</div>
</div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span></div>
<div class="MsoNormal">
<b><span lang="EN-IN" style="font-family: Arial, Helvetica, sans-serif; font-size: 16.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="font-weight: normal;"><a href="http://in.reuters.com/article/2014/08/10/india-rbi-finance-minister-idINKBN0GA08L20140810">RBI consults with finance ministry on new policy
framework</a></span><o:p></o:p></span></b></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span class="focusparagraph"><span lang="EN-IN">The Reserve Bank of India (RBI) has started discussions with the
finance ministry on a new monetary policy framework, including measures to
reduce retail price inflation. </span></span><span lang="EN-IN">The RBI last
Tuesday kept its policy rate unchanged for the third time in a row at 8
percent, and set a target to bring down retail inflation to 6 percent by March
2016. Finance Minister Arun Jaitley, who attended the board meeting of RBI in
New Delhi, said the central bank would take a final call on its 6 percent
inflation target by March 2016. <o:p></o:p></span></span></div>
<h1>
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-IN"><a href="http://businesstoday.intoday.in/story/foreign-excahnge-reserves-reserve-bank-of-india-imf/1/209016.html"><span style="font-size: 16.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-theme-font: major-fareast;">Foreign exchange reserves down $573.5 mn</span></a></span><span lang="EN-IN" style="font-size: 16.0pt;"><o:p></o:p></span></span></h1>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif;"><span class="focusparagraph"><span lang="EN-IN">The </span></span><span lang="EN-IN"><a href="http://businesstoday.intoday.in/story/forex-reserves-reserve-bank-of-india-foreign-currency-assets/1/208588.html" target="_blank"><span class="focusparagraph"><span style="color: windowtext; text-decoration: none; text-underline: none;">foreign exchange reserves</span></span></a><span class="focusparagraph"> declined by $573.5 million to $319.99 billion due to a
sharp fall in the currency assets for the week ended Aug 1, Reserve Bank of
India (RBI) data showed.</span> According to the RBI's weekly statistical
supplement, foreign currency assets, the biggest component of the forex
reserves, fell by $1.09 billion to $292.69 billion for the week under review. The
RBI said that the foreign currency assets, expressed in US dollar terms,
include the effect of appreciation or depreciation of non-US currencies held in
reserve such as the pound sterling, euro and yen.<o:p></o:p></span></span></div>
<h1>
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-IN"><a href="https://in.finance.yahoo.com/news/tata-steel-shuts-odisha-plant-074403528.html"><span style="font-size: 16.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-theme-font: major-fareast;">Tata Steel shuts Odisha plant due to raw material crunch</span></a></span><span lang="EN-IN" style="font-size: 16.0pt;"><o:p></o:p></span></span></h1>
<div class="first">
<span lang="EN-IN" style="font-family: Arial, Helvetica, sans-serif;">Tata Steel Ltd (TISC.NS) has shut down one of
its ferro alloys plants in Odisha due to a raw material shortage linked to the
suspension of a mining license, the company said in a statement late on Friday.
Tata Steel sourced ore for the 50,000 tonne-per-year Bamnipal plant from its
captive chromite mine in Sukinda, operations of which were suspended in May.
The plant was run with available inventory before being shut on Aug. 4. The
suspension of operations at Sukinda and Bamnipal would mean more than 6,000 job
cuts, the company said.<o:p></o:p></span></div>
<h1>
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-IN"><span style="font-size: 16.0pt; mso-fareast-font-family: "Times New Roman"; mso-fareast-theme-font: major-fareast;"><a href="http://www.bloomberg.com/news/2014-08-06/china-said-to-exclude-apple-from-procurement-list.html">China excludes Apple from procurement list</a></span></span><span lang="EN-IN" style="font-size: 16.0pt;"><o:p></o:p></span></span></h1>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-YNTZlVglk4g/U-flE9HmBVI/AAAAAAAAA5I/Bokaf74z0qs/s1600/apple.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://4.bp.blogspot.com/-YNTZlVglk4g/U-flE9HmBVI/AAAAAAAAA5I/Bokaf74z0qs/s1600/apple.jpg" /></span></a></div>
<h1>
</h1>
<h1>
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-IN"><a href="http://topics.bloomberg.com/china/"><span style="color: windowtext; font-size: 12.0pt; font-weight: normal; mso-font-kerning: 0pt; text-decoration: none; text-underline: none;">China</span></a></span><span lang="EN-IN" style="font-size: 12.0pt; font-weight: normal; mso-font-kerning: 0pt;">’s
government excluded </span><span lang="EN-IN"><a href="http://www.bloomberg.com/quote/AAPL:US" title="Get Quote"><span style="color: windowtext; font-size: 12.0pt; font-weight: normal; mso-font-kerning: 0pt; text-decoration: none; text-underline: none;">Apple Inc. (AAPL)</span></a></span><span lang="EN-IN" style="font-size: 12.0pt; font-weight: normal; mso-font-kerning: 0pt;">
iPads and MacBook laptops from a list of products that can be bought with
public money because of security concerns, according to government officials
familiar with the matter. Apple is the latest U.S. technology company to be
excluded from Chinese government purchases amid escalating tensions between the
countries over claims of hacking and cyberspying. China’s procurement agency
told departments to stop buying antivirus software from </span><span lang="EN-IN"><a href="http://www.bloomberg.com/quote/SYMC:US" title="Get Quote"><span style="color: windowtext; font-size: 12.0pt; font-weight: normal; mso-font-kerning: 0pt; text-decoration: none; text-underline: none;">Symantec Corp. (SYMC)</span></a></span><span lang="EN-IN" style="font-size: 12.0pt; font-weight: normal; mso-font-kerning: 0pt;">
and Kaspersky Lab, while </span><span lang="EN-IN"><a href="http://www.bloomberg.com/quote/MSFT:US" title="Get Quote"><span style="color: windowtext; font-size: 12.0pt; font-weight: normal; mso-font-kerning: 0pt; text-decoration: none; text-underline: none;">Microsoft Corp. (MSFT)</span></a></span><span lang="EN-IN" style="font-size: 12.0pt; font-weight: normal; mso-font-kerning: 0pt;">
was shut out of a government purchase of energy-efficient computers.<o:p></o:p></span></span></h1>
<div class="MsoNormal">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-IN"><a href="http://www.moneycontrol.com/news/economy/cadconcern-gold-import-curbs-may-stay-longer-finmin_1144816.html"><span style="font-size: 16.0pt; line-height: 115%;">CAD a concern, gold import curbs may
stay longer: Finance Minister</span></a></span><b><span lang="EN-IN" style="font-size: 16.0pt; line-height: 115%;"><o:p></o:p></span></b></span></div>
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<span lang="EN-IN" style="font-family: Arial, Helvetica, sans-serif;">The Finance Ministry said it cannot lower
its guard on the external front and ease gold import curbs as developments in
Iraq and other countries can have adverse implications on the country's Current
Account Deficit (CAD) situation. CAD, which is the excess of foreign exchange
outflows over inflows, touched a historic high of USD 88 billion or 4.7 per
cent of GDP in 2012-13, mainly due to rising imports of gold and petroleum
products. In order to check rising CAD, the government had raised import duties
on the yellow metal to 10 per cent, while RBI imposed curbs on import of gold and
also laid down various pre-conditions for inward shipments of the precious
metal. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; margin-bottom: 12.0pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-IN"><a href="http://economictimes.indiatimes.com/news/economy/finance/fiscal-deficit-of-4-1-an-ambitious-target-raghuram-rajan/articleshow/39756825.cms"><span style="font-size: 16.0pt; line-height: 115%;">Fiscal deficit of 4.1% an ambitious
target: Raghuram Rajan</span></a></span><b><span lang="EN-IN" style="font-size: 16.0pt; line-height: 115%;"> <o:p></o:p></span></b></span></div>
<div class="MsoNormal" style="background: white; margin-bottom: 12.0pt;">
<span lang="EN-IN" style="font-family: Arial, Helvetica, sans-serif;">Reserve Bank Governor Raghuram Rajan today said 4.1 per cent fiscal
deficit goal set by the government for the current fiscal is an "ambitious
target". "4.1 per cent is an ambitious target. The government will achieve
it if it does want. It has done before. But how it achieves it is what is
important," Rajan said. During 2013-14, the fiscal deficit - the
difference between the government's income and expenditure - was 4.5 per cent
of the GDP. <br />
He said India has capacity to bring the deficit under control provided there is
improvement in revenue collection. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; margin-bottom: 12.0pt;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span lang="EN-IN"> </span><b style="background-color: transparent;"><span lang="EN-IN" style="color: red; font-size: 18.0pt; line-height: 115%;">EXPERT VIEW</span></b></span></div>
<h1>
<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><span lang="EN-IN"><a href="http://www.cnbc.com/id/101894638">S&P: Wealth gap is slowing US economic growth</a></span><span lang="EN-IN"><o:p></o:p></span></span></h1>
<h1>
<i><span lang="EN-IN" style="font-family: Arial, Helvetica, sans-serif; font-size: small;">By The Associated Press of Standard
& Poor's<o:p></o:p></span></i></h1>
<h1 style="background: white; line-height: 115%; margin-bottom: 7.5pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; text-align: justify;">
<span style="font-family: Arial, Helvetica, sans-serif;"><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-size: 18pt; font-weight: normal; line-height: 115%;">A SNEAK
PEAK INTO THE WORLD OF FINANCE</span></b><b><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: red; font-size: 18pt; line-height: 115%;"><o:p></o:p></span></b></span></h1>
<h3>
<span lang="EN-IN" style="font-family: Arial, Helvetica, sans-serif; font-size: large;"><a href="http://economictimes.indiatimes.com/slideshows/economy/6-trouble-spots-of-indian-economy/slideshow/22483305.cms" title="6 trouble spots of Indian economy">6 trouble spots of Indian economy</a></span></h3>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-79798188487921723502014-07-17T02:16:00.003+05:302014-08-11T21:49:35.161+05:30FDI in Defence: Change is good<div dir="ltr" style="text-align: left;" trbidi="on">
<h1 align="center" style="text-align: center;">
<span lang="EN-IN"><span style="font-family: Georgia, Times New Roman, serif;">FDI in Defence: Change is good<o:p></o:p></span></span></h1>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-IN"><span style="font-family: Georgia, Times New Roman, serif;">With
a big hue and cry finally FM has increased the FDI in defence from 26% to 49%.
With just having 6 weeks of governance, facing opposition and criticism from
the economists it was definitely not a cakewalk for the NDA.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-IN"><span style="font-family: Georgia, Times New Roman, serif;"> India’s
policy on FDI has always been a bureaucratic obduracy and perverse
intransigence. Unwillingness to learn from the experience is another aspect
that can be added to it. Considering the fact that FDI in defence was first
mentioned in Budget 2001-02 with 26%, India has received less than $5 million
inflow till today. The scenario was worst in 2004 when the then Defence
Minister George Fernandes was forced to admit in the Lok Sabha that India had
received no FDI proposal till that time. In 2010, the Commerce Ministry
circulated a note recommending the raising of FDI cap to 74 per cent to
encourage ‘established players in the defence industry to set up manufacturing
facilities and integration of systems in India’. But again it was not in the
interest of the country and Ministry of Defence (MoD) retained the 26 %. In May
2013, modifying his earlier proposal, Commerce Minister Anand Sharma suggested
that the upper cap be raised to 49 per cent as a first step. It was again shot
down by the MoD. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-IN"><span style="font-family: Georgia, Times New Roman, serif;"> There was
always a need to increase the FDI percentage but there were some of the myths
or perception that India was struggling with. Now, NDA has increased the FDI
percentage, this article jots down the major myths that NDA government has put
aside.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<b><span lang="EN-IN"><span style="font-family: Georgia, Times New Roman, serif;">Myth One: Increasing FDI
percentage a threat to national security <o:p></o:p></span></span></b></div>
<div class="MsoNormal">
<span style="font-family: Georgia, Times New Roman, serif;"><b><span lang="EN-IN"> </span></b><span lang="EN-IN">Apprehensions were
being made that during operational emergencies, foreign investors can show
their back at us, shut their factories and choke their supplies to the armed
forces. <b><o:p></o:p></b></span></span></div>
<div class="MsoNormal">
<span lang="EN-IN"><span style="font-family: Georgia, Times New Roman, serif;">But
the irony is that India is procuring all critical weapon systems
produced/integrated abroad till today. It was not understood as to how India’s
security would get threatened if the same weapon systems would be
produced/integrated in India.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-IN"><span style="font-family: Georgia, Times New Roman, serif;"> As regards
dependability during crisis situations, no foreign investor can risk loss of
his total investment by shutting down his production facilities. Further, all
major defence equipment producers follow ‘Global Factory’ concept, wherein
various manufacturing functions are spread over a number of locations in
different countries. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<span lang="EN-IN"><span style="font-family: Georgia, Times New Roman, serif;"> Most
importantly, adequate safeguards could have been incorporated while issuing
licenses. India could have reserved the right to take over the licensed
facility under certain extraordinary circumstances of national emergencies.
Most nations include such an enabling provision then why not India. Fears
expressed were totally unfounded and highly exaggerated.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<b><span lang="EN-IN"><span style="font-family: Georgia, Times New Roman, serif;">Myth Two: <strong>Indian policy
was highly investor friendly and did not require any changes<o:p></o:p></strong></span></span></b></div>
<div style="line-height: 115%;">
<span style="font-family: Georgia, Times New Roman, serif;"><strong><span lang="EN-IN" style="font-size: 11.0pt; line-height: 115%;"> </span></strong><span lang="EN-IN" style="font-size: 11.0pt; line-height: 115%;">According to the UPA and
previous government MoDs FDI in defence (26 %) was highly investor friendly and
required no changes. However, if we look by the investor company perspective,
there was nothing for them till now. Management would be under the control of
India, the CEO had to be Indian resident and a foreign investor could not
transfer his equity before the expiry of license.<o:p></o:p></span></span></div>
<div style="line-height: 115%;">
<span lang="EN-IN" style="font-size: 11.0pt; line-height: 115%;"><span style="font-family: Georgia, Times New Roman, serif;"> Oddly, India
expected a prospective foreign investor to be excited by such an asymmetrical
policy wherein he was expected to invest his resources in a venture where he had
no significant control, faced strict capacity/product constraints, no purchase
guarantee and had no open access to other markets (including exports). It
defied logic. Such a lop-sided policy can never attract FDI.<o:p></o:p></span></span></div>
<div style="line-height: 115%;">
<span lang="EN-IN" style="font-size: 11.0pt; line-height: 115%;"><span style="font-family: Georgia, Times New Roman, serif;"> The new budget
has definitely a lot to offer. The outcome will definitely get unwrapped in
couple of months and the list of investors taking interest in it. There is a
need of retrospection in every sector. Every budget in every year promises in
the same way but the execution. With a new government and the famous ‘Achche
Din’ let’s hope the execution proves the mettle on the people’s expectation.<o:p></o:p></span></span><br />
<span lang="EN-IN" style="font-size: 11.0pt; line-height: 115%;"><span style="font-family: Georgia, Times New Roman, serif;"><br /></span></span>
<span lang="EN-IN" style="font-size: 11.0pt; line-height: 115%;"><span style="font-family: Georgia, Times New Roman, serif;"><br /></span></span>
<span lang="EN-IN" style="font-size: 11.0pt; line-height: 115%;"></span><br />
<div class="MsoNormal" style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px; margin-bottom: 0.0001pt;">
<i><span style="color: #222222; font-family: Arial, sans-serif; line-height: 19.5px;">This article is written by </span></i><span style="color: #222222; font-family: arial, sans-serif; font-size: 12.727272033691406px; line-height: normal;">Kumar Prashant</span><i><span style="color: #222222; font-family: Arial, sans-serif; line-height: 19.5px;">, a PGDM student of 2014 batch He can be reached at </span></i><span style="color: #555555; font-family: arial, sans-serif; font-size: 12.727272033691406px; line-height: normal; white-space: nowrap;">pgp14085.prashant</span><span style="color: #555555; font-family: arial, sans-serif; font-size: 12.727272033691406px; white-space: nowrap;">@iimraipur.ac.in"</span></div>
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<span style="color: #555555; font-family: arial, sans-serif; font-size: 12.727272033691406px; white-space: nowrap;"><br /></span></div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com1tag:blogger.com,1999:blog-9152773192000935131.post-17294626464921169802014-07-08T21:19:00.000+05:302014-08-11T21:49:52.193+05:30Expectations from Union Budget 2014-Growth through Employment Generation<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Expectations
from Union Budget 2014-Growth through Employment Generation <o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">As evident from the election
manifestoes the Modi Sarkar is expected to come up with policies to boost the
manufacturing sector. But to sustain the labour force required for it is yet a
big issue. The working class consists of the people in age group 15-24. About
65% of the total population of India lies in this age group. India has more
than 50% of its population below the age of 25 and more than 65% below the age
of 35. The country with rich resource of man power has not been able to harness
its potential.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">India missed opportunity in textiles
and clothing a labour-intensive industry that was dominated by China. In 2011
McKinsey, a consultancy, found that purchasing managers at global clothing
firms slowly shifting their sourcing from China; their favoured new
destinations included Bangladesh, Vietnam, Indonesia and Cambodia—but not India.
This probably can be attributed to the low growth textiles due to lack of
skilled labours. <o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The previous government came up with
schemes like NREGA as a gimmick for the immediate cause of unemployment. Such a
populist scheme merely provided employment. It included no measures to develop
the skills of the masses engaged under this scheme. Increased labour-wages and
lethargic labours came out as the output of this scheme. Budget 2014-15 is
hoped to bring some skill development measures so that the country can get best
out of its huge man-power resource.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;">India will soon have a fifth of the world’s
working-age population. It urgently needs to provide them with better jobs.<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Again not only the quantity of jobs
but the quality matters too. We can see armies of guards, peons, delivery boys
and men who sit on stools in lifts pressing the buttons. About 85% of India’s
jobs are with “informal” enterprises—those organizations with fewer than ten
staff which are not incorporated. Another 11% are casual jobs with formal companies.
Only 16% of Indians get a regular wage. People with informal jobs are usually
very poor. An official study of 2004-05 data concludes that 80% of informal
workers got less than the then national minimum wage of $1.46 a day.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The other hurdle in manufacturing
sector is the stringent Indian law which delays the setting up of industries. Since
2000 India has tried carving out special economic zones (SEZs) to create
islands with lower taxes and access to infrastructure, where manufacturers can
feel at home. But these have been a limited success, with many dominated by IT
firms. The government should bring up a plan to expedite the industry
establishment process.<o:p></o:p></span></div>
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<br /></div>
<br />
<div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Here are mentioned only a few steps
that should be taken by the government. It needs to plan many more strategies
in the upcoming budget to fulfill the expectations of the people who hope
that- “ <i>ÁCHHE DIN ANEWALE HAIN</i> “.<o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
</div>
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<i style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px;"><span style="color: #222222; font-family: Arial, sans-serif; line-height: 19.5px;">"This article is written by </span></i><span style="background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 12.727272033691406px; font-weight: bold; white-space: nowrap;">Janhavi Jilhare</span><i style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px;"><span style="color: #222222; font-family: Arial, sans-serif; line-height: 19.5px;">, a PGDM student of 2014 batch She can be reached at </span></i><span style="background-color: white; color: #555555; font-family: arial, sans-serif; font-size: 12.727272033691406px; white-space: nowrap;">pgp14082.janhavi@iimraipur.ac.in"</span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div>
</div>
Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-15144462255827519692014-07-08T21:09:00.001+05:302014-08-11T21:50:09.123+05:30Expectations from the Union Budget 2014- The financial perspective<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><span style="font-family: "Times New Roman","serif"; font-size: 16.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Expectations from the Union Budget
2014- The financial perspective<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Background:<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><br /></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">With
the downfall of the reign of United Progressive Alliance (UPA) and the rise of
National Democratic Alliance (NDA), the expectations of people in our country
has changed. UPA government who is known for making pro-populist policies and
at the same time remaining silent on inflation, has been replaced by the NDA
government who has always been in the favor of long term financial and business
growth. Rather than concentrating on the short term populist measures NDA
government is expected to concentrate more on long term growth and prosperity.
And this pro-business and stringent policies would eventually lead India to acquire
the position where there would be minimal requirement of government aids or
subsidies.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Now,
before the union budget is announced, let’s analyse the provisions that the
union budget can bring to fight with the problem of <b><i>twin deficits</i></b> i.e. <b>fiscal deficit</b> (difference between the
government income and expenditure) and <b>current
account deficit</b> (difference between exports and imports).<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Figure 1: Indian current account deficit (CAD) as a
percentage of GDP<o:p></o:p></span></div>
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<span style="border: solid windowtext 1.0pt; font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt; mso-border-alt: solid windowtext .5pt; padding: 0in;"><!--[if gte vml 1]><v:shape id="_x0000_i1026" type="#_x0000_t75" style='width:501.75pt;
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<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Figure 2: Indian fiscal deficit as a percentage of
GDP<o:p></o:p></span></div>
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<div class="MsoNormal">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Expectations from the Union Budget:<o:p></o:p></span></b></div>
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<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Reforms in the Taxation system</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Out
of the total people eligible for paying tax, only the people working in private
and public sector and few businessmen are paying tax. The current system allows
the majority of people to evade tax using unfair means. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">To
cater to the existing problem, the NDA government is expected to make the
process of tax paying and tax collection, easier and more transparent. This
will increase the government income and would help in reducing the fiscal
deficit.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Hold down Subsidies</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Unlike
UPA government who used to make populist policies and added burden on unplanned
expenditures, NDA government is expected to plan judiciously and wisely for
providing the subsidies. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">The
government is likely to focus more on better governance to reduce leakage in
the system which transfers the government money to the people who are not
entitled to get the benefit of subsidies.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Higher tariff on luxury items</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Like
the UPA government, NDA government is also expected to raise the tariffs on the
luxury and electronic items like cigarette, SUVs, LCDs etc. This in turn will
bring money to the government and would help in controlling both fiscal and
current account deficit.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Continue restrictions on gold
import</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">The
demand for gold has always been high in our country because we relate our
sentiments with gold. Apart from the investment purpose, it is used in all the
auspicious occasions. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">In
order to reduce the huge current account deficit, the government is expected to
continue the restrictions on the import of gold, which forms the second largest
contributor of import bills after petrol.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Implement goods and services tax
(GST)<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">The
inconvenience created by the indirect taxes can be addressed by GST. And the
Modi government is likely to design the implementation plan for it and take this
on priority. This is going to provide impetus to the manufacturing sector. And
would bring growth to our country and would fight with the twin deficits as
well.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Disinvestment<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">To
reduce the increasing gap between the government income and expenditures and to
control the fiscal deficit, the new government is likely to go for
disinvestment in the public sector undertakings. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Improvements in the existing land
acquisition act<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">The
current land acquisition act poses a big challenge to the growth of business in
our country. Big projects like Posco’s steel project in Karnataka, Arcelor
Mittal’s steel project in Odisha are stuck due to long and complicated process
of land acquisition. Under the current land acquisition system a company has to
wait for 5 years to get the ownership of land. Hence the current act needs to
be amended. And the Modi government is likely to take this up.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">There
is an urgent requirement to make the process of land acquisition hassle free,
which will attract foreign investors. In the long run this is going to bring capital
inflows to our country and would help in reducing the fiscal and current
account deficit.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Privatisation<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Government
enterprises running under loss is likely to be privatized to increase the
accountability of the top management team. This would help in improving their
condition and would also help in generating revenue, which in turn would reduce
fiscal deficit. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Skill development programs<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Out
of the total labor force, the majority of labors in India are unskilled. But
the industries have huge requirement for the skilled labor force. And with the
progress of manufacturing sector the current demand is going to rise further. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">The
new government is expected to go for skill development programs to solve the
existing problem. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Encourage savings<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">The
government would probably provide incentives to increase savings, like reducing
the lock in period which is 5 years for the fixed deposit which qualifies for
the tax benefits. <o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"> </span><b><span style="font-family: "Times New Roman","serif"; font-size: 14.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"> </span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">Insights:<o:p></o:p></span></b></div>
<br />
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;">The
new government is going to wisely cut on the expenditures, fix the loop holes
in the governance to prevent leakages, and work for the long term growth of the
country which in turn would generate revenues. And this will help India in
combating the problem of twin deficit.<o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<i style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px; text-align: left;"><span style="color: #222222; font-family: Arial, sans-serif; line-height: 19.5px;">"This article is written by Sneha Shrivastava</span></i><i style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px; text-align: left;"><span style="color: #222222; font-family: Arial, sans-serif; line-height: 19.5px;">, a PGDM student of 2013 batch She can be reached at <a href="mailto:pgp12099.sumit@iimraipur.ac.in" style="color: #015782; text-decoration: none;">pgp13110.</a>sneha</span></i><a href="mailto:pgp12099.sumit@iimraipur.ac.in" style="color: #015782; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px; text-align: left; text-decoration: none;"><i><span style="color: #222222; font-family: Arial, sans-serif; line-height: 19.5px;"><span dir="ltr">@iimraipur.ac.<wbr></wbr>in</span></span></i></a><i style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px; text-align: left;"> "</i></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: 12.0pt; line-height: 107%; mso-bidi-font-size: 11.0pt;"><br /></span></div>
</div>
Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-21307999582198513942014-07-08T20:55:00.000+05:302014-08-11T21:50:36.546+05:30Union Budget 2014: Manufacturing sector's expectations<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="line-height: 150%; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;">
<h2 style="line-height: 150%; text-align: left;">
<b><span style="font-family: 'Times New Roman', serif; line-height: 150%;"><span style="font-size: large;">Union Budget 2014: Manufacturing sector's
expectations</span></span></b></h2>
<div>
<b><span style="font-family: 'Times New Roman', serif; line-height: 150%;"><span style="font-size: large;"><br /></span></span></b></div>
<div class="MsoNormal" style="line-height: 150%;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;"> The Union Budget 2014-15
will be presented on 10 July, 2014 by the new BJP-led government, which secured
more than 300 seats of the 543 parliament seats on promise of providing relief
to common man by reducing inflation, along with economic growth.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;">Finance Minister P.
Chidambaram on Feb 17 in his nearly hour-long interim budget speech, while
talking about the state of the economy, summed up: “Manufacturing is the
Achilles heel of the Indian economy”.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;">Manufacturing sector of
India has been worst and stuck there for a while. After recovering to a growth
of 9.2 % in 2009-10 and 2011-12, growth in the industrial sector, comprising
manufacturing, construction services, mining, and electricity, slowed to 3.5 %
in 2011-12 and to 3.1 % in the current year. The manufacturing sector is the
most dominant sector within industry and it declined to 2.7 % in 2011-12 and
1.9 % in 2012-13 compared to 11.3% and 9.7 % in 2009-10 and 2010-11.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;">The decline in the
manufacturing sector has been driven by low domestic demand. High interest
rates reduced consumer spending while slow decision-making by the government
and land acquisition issues stalled projects progress and held back investment
in the sector, thereby reducing chances for growth. "<i>More than consumer spending, which is a significant portion, confidence
level has an impact in India. That confidence level is low. The captains of
industry are all waiting and watching</i>," says S.V. Sukumar, Partner at
KPMG India. The manufacturing sector has been dragging down the overall
economy. It has been worst time for manufacturing since 1999/2000.<o:p></o:p></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-A1zap6TSD4s/U7wM-Jk1SoI/AAAAAAAAA4o/90yxW5SDVjs/s1600/manu.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-A1zap6TSD4s/U7wM-Jk1SoI/AAAAAAAAA4o/90yxW5SDVjs/s1600/manu.jpg" height="300" width="320" /></a></div>
<div class="MsoNormal" style="line-height: 150%;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%;">
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<div class="MsoNormal" style="background: white; line-height: 150%; margin-bottom: 12.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;">Growth
in jobs in the manufacturing sector is anticipated from the coming budget. </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">The finance ministers of the past
have emphasized that the manufacturing sector needs to grow from the current levels
of 16-17% of GDP to a healthier 25% which will help in bringing growth in the economy
to healthy 8% per annum.<o:p></o:p></span></div>
<div style="line-height: 150%;">
This new government made promises about the
immediate importance of skills development and paying work through jobs and
self-employment. The National Skill Development Corporation (NSDC) has played a
vital role in skilling industry to take off and produce results in the longer
term. By setting up of Sector Skill Councils, encouraging private initiatives
in the skilling industry and providing starting points for research in skill
development – Such work by the NSDC helped in building a sustainable
public-private skilling industry. But, NSDC is close to reaching out to only 2
million people and still has a long way to go to achieve 150 million target.
The target would increase to 350 million by 2022 and the government is already
well short of achieving the current target.<o:p></o:p></div>
<div style="line-height: 150%;">
Due to this, industrial growth is slowing down and
a gap between skills required and skills available is widening. A concerted and
speedy effort of skilling workers and developing the economy is needed, so that
we skill our people in terms of quality and quantity.<o:p></o:p></div>
<div class="MsoNormal" style="background: white; line-height: 150%;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;">We
also need a better connect between training and paying work (jobs or
self-employment), so that youth get paying work after coming out of the
training. The new step of independent ministry combining skills development and
entrepreneurship is on the nail.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 150%;">
<br /></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin-bottom: 12.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">And if this ministry works in tandem
with MSME and finance ministries, a lot of employment can be generated.<o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin-bottom: 12.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Amendments in the archaic
apprenticeship regulations are well needed. </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;">Industries have by far
the largest capacities of training - both in terms of equipment as well as
trainers with relevant expertise.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">The government should also turn focus towards stalled
projects in infrastructure sector due to land acquisition bill and archaic taxation
system.</span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;">
The government should cut a clear path for implementation of Goods and Service
Tax (GST). Retrospective taxation should be removed to attract better
investment in the country. Amendments to
new land acquisition bill will make government and companies to acquire land
easily from farmers and will speed up the implementation of stalled projects. </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">Projects worth billions of dollars,
including South Korean steel maker Posco’s $12 billion (around Rs.72, 000 crore)
factory in Odisha, have not been even started because land acquisition problems.<br />
<!--[if !supportLineBreakNewLine]--><br />
<!--[endif]--><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin-bottom: 12.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">"<i>The government should focus on improving core infrastructure like rail,
roads and ports. That, in turn, will kick-start manufacturing in core areas
like cement and steel</i>," argues SV Sukumar, partner and head of
operation and supply chain, KPMG in India. <o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin-bottom: 12.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";">To make India a manufacturing hub
and meeting the burgeoning demands of technological products, </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;">the
Government should provide an effective single window clearance mechanism to the
initiatives taken in Electronics/Semi-Conductor manufacturing sector to further
increase production in technological products. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="background: white; line-height: 150%; margin-bottom: 12.0pt;">
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;">We
hope that the budget announcement will prioritize fast-track skill development
and create the sync between skill training and jobs. The budget proposal should
also prioritize impetus for job growth to provide a vibrant job market to an
adequately skilled workforce.</span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman";"><o:p></o:p></span><br />
<span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 150%;"><br /></span>
<i style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px;"><span style="color: #222222; font-family: Arial, sans-serif; line-height: 19.5px;">"This article is written by Kalpendra Manu</span></i><i style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px;"><span style="color: #222222; font-family: Arial, sans-serif; line-height: 19.5px;">, a PGDM student of 2013 batch He can be reached at <a href="mailto:pgp12099.sumit@iimraipur.ac.in" style="color: #015782; text-decoration: none;">pgp13026.</a>kalpendra</span></i><a href="mailto:pgp12099.sumit@iimraipur.ac.in" style="color: #015782; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px; text-decoration: none;"><i><span style="color: #222222; font-family: Arial, sans-serif; line-height: 19.5px;"><span dir="ltr">@iimraipur.ac.<wbr></wbr>in</span></span></i></a><i style="color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18.200000762939453px;"> "</i></div>
</div>
</div>
Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-73950438481647167722014-03-14T21:16:00.000+05:302014-03-14T21:16:26.222+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
<div>
<h3>
<span style="font-size: x-large;"><strong><span lang="EN-IN" style="background-color: white; border: 1pt none windowtext; color: #222222; font-family: Calibri, sans-serif; line-height: 36.79999923706055px; padding: 0in;">Sandwich Generation</span></strong><b><span style="color: #222222; font-family: Calibri, sans-serif;"><span style="line-height: 36.79999923706055px;"> </span></span></b></span></h3>
</div>
<div>
<span style="font-size: large;">Today's Word</span><b><span style="font-size: large;">: </span></b><span style="font-size: x-large;"><strong><span lang="EN-IN" style="background-color: white; background-position: initial initial; background-repeat: initial initial; border: 1pt none windowtext; color: #222222; font-family: Calibri, sans-serif; line-height: 115%; padding: 0in;">Sandwich Generation</span></strong><b><span style="color: #222222; font-family: Calibri, sans-serif;"><span style="line-height: 36.79999923706055px;"> </span></span></b></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-mnNaSISVJE8/UyMj5TaJgTI/AAAAAAAAA4U/o0j1V6YnS8U/s1600/anuk2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-mnNaSISVJE8/UyMj5TaJgTI/AAAAAAAAA4U/o0j1V6YnS8U/s1600/anuk2.jpg" height="289" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="MsoListParagraph" style="text-indent: -0.25in;">
<span lang="EN-IN" style="color: #222222; font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span><span style="font-family: 'Times New Roman'; font-size: large;"> </span></span><span style="background-color: white; color: #222222; font-family: Calibri, sans-serif; line-height: 115%; text-indent: -0.25in;"><span style="font-size: large;">It
sounds like a fun term, but the sandwich generation actually refers to the age group
sandwiched between their aging parents and young kids. These adults are
typically tasked with financially supporting both their older and younger
dependents while trying to save for their own retirements. The sandwich gen may
eat actual sandwiches, but probably only as a way to save money (or to
stress-binge)</span></span></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
</div>
Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-44857188704882503242014-03-03T23:13:00.003+05:302014-03-03T23:13:53.362+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
<div>
<span style="color: blue; font-family: Calibri, sans-serif; font-size: x-large;"><span style="line-height: 18.399999618530273px;"><b>Sleeping Beauty </b></span></span></div>
<div>
<span style="color: blue; font-size: large;"><b><br /></b></span></div>
<span style="font-size: large;">Today's Word</span><b><span style="font-size: large;">: </span><span style="color: #222222; font-family: Calibri, sans-serif; font-size: x-large;"><span style="line-height: 36.79999923706055px;">Sleeping Beauty </span></span></b><br />
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<!--[if !supportLists]--><span lang="EN-IN" style="color: #222222; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-IN" style="background: white; color: #222222; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="font-size: large;">A
profitable company — usually a start-up — with impressive assets but bad
management. These companies are great candidates for takeovers.<o:p></o:p></span></span></div>
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<b><span style="color: #222222; font-family: Calibri, sans-serif; font-size: x-large;"><span style="line-height: 36.79999923706055px;"><br /></span></span></b></div>
Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-12017836548125377422014-02-28T23:28:00.000+05:302014-02-28T23:30:41.293+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
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<strong><span lang="EN-IN" style="border: 1pt none windowtext; font-family: Calibri, sans-serif; line-height: 115%; padding: 0in;"><span style="color: blue; font-size: x-large;">Razorblade Model</span></span></strong></div>
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<span style="color: blue; font-size: large;"><b><br /></b></span></div>
<span style="font-size: large;">Today's Word<b>: </b></span><strong><span lang="EN-IN" style="border: 1pt none windowtext; color: #222222; font-family: Calibri, sans-serif; font-size: x-large; line-height: 115%; padding: 0in;">Razorblade Model</span></strong><br />
<span style="font-size: large;"><b><br /></b></span>
<span style="font-size: large;"><b><br /></b></span>
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<a href="http://2.bp.blogspot.com/-zYM5AMfzUEs/UxDMCkcGEcI/AAAAAAAAA30/ezRZULrjpLw/s1600/anuk2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-zYM5AMfzUEs/UxDMCkcGEcI/AAAAAAAAA30/ezRZULrjpLw/s1600/anuk2.jpg" height="289" width="320" /></a></div>
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<span style="background-color: white; color: #222222; font-family: Calibri, sans-serif; line-height: 115%; text-align: left; text-indent: -0.25in;"><span style="font-size: large;">When
businesses sell dependent goods for different prices. The first part is sold
cheaply, but the secondpart is much pricier. It's not unlike razors with
replaceable blades. Often the razor is pretty cheap, but customers have to keep
replacing the blade cartridges, and that cost adds up.</span></span></h3>
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<span style="font-size: large;"><b><br /></b></span></div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-17755127404434453912014-02-26T20:01:00.002+05:302014-02-26T20:01:55.746+05:30<div dir="ltr" style="text-align: left;" trbidi="on">
<div>
<span style="color: blue; font-size: large;"><b>Puke Point </b></span></div>
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<span style="color: blue; font-size: large;"><b><br /></b></span></div>
<span style="font-size: large;">Today's Word<b>:</b></span><span style="font-size: large;"> <b>Puke Point</b></span><br />
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<span lang="EN-IN" style="color: #222222; line-height: 115%; text-align: left; text-indent: -0.25in;"><span style="font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;"> </span><span style="font-family: Verdana, sans-serif;"><b>The "puke point" is the point at which the investor can no longer
stomach the losses, and decides to sell the asset, regardless of its steeply
falling price.</b></span></span></div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-81453636619772532172014-01-07T10:16:00.000+05:302014-01-07T10:16:31.226+05:30VRITTAM (30 DEC 2013 - 06 JAN 2014) <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"><strong><span style="background: white; color: red; line-height: 150%; mso-bidi-font-size: 18.0pt;">THE
WEEKLY FINANCIAL NEWS</span></strong></span></span></div>
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<a href="http://www.livemint.com/Politics/lN0X1vt2cmC7chei2q8JVI/Top-Fed-officials-zero-in-on-next-policy-steps.html"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">Top Fed officials
zero in on next policy steps</span></span></a></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="color: black; letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">Officials
urge patience as the Fed continues to trim the purchases.<o:p></o:p></span></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
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<a href="http://www.financialexpress.com/news/indias-average-economic-growth-during-upa-i-ii-at-7.7-pct-pm-report/1214985/0"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">India's average
economic growth during UPA I, II at 7.7 pct: PM report</span></span></a><span class="MsoHyperlink"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><o:p><span style="text-decoration: none;"><u><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;"> </span></u></span></o:p></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
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<a href="http://www.financialexpress.com/news/credit-suisse-overweight-on-indian-stock-markets-bets-big-on-cyclicals-defensives-to-lag/1215160/0"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">Credit Suisse
'overweight' on Indian stock markets, bets big on cyclicals, defensives to lag</span></span></a></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">Even as the
indices closed the first week of the New Year in deep red, leading global
brokerage Credit Suisse today said it is "overweight" on Indian
stock markets as the cyclicals are set to outperform defensives driven by
the forthcoming elections.</span></span></span><span class="MsoHyperlink"><span style="color: windowtext; font-family: Times, "Times New Roman", serif; font-size: large; letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt; text-decoration: none; text-underline: none;"><o:p><u> </u></o:p></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
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<a href="http://articles.economictimes.indiatimes.com/2014-01-03/news/45836993_1_fiscal-deficit-target-rating-downgrade-delayed-payments"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">Government delays
payments, forces small businesses to take additional loans!</span></span></a></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">The government's
zealousness in squeezing expenditure to meet the fiscal deficit target,
either by delaying payments or not awarding new contracts, may be hurting those
most vulnerable to such tightening — small and micro enterprises, self-employed
professionals and the retail trade.</span></span></span><br />
<span style="letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"><o:p></o:p></span></span></span> </div>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-u8EB5W1vX_E/UsuFnyoSOdI/AAAAAAAAA3I/m5YKOd2s41M/s1600/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-u8EB5W1vX_E/UsuFnyoSOdI/AAAAAAAAA3I/m5YKOd2s41M/s1600/2.png" height="320" width="253" /></a></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
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<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span> </div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<a href="http://www.livemint.com/Opinion/JB7UQUifbHmBTAgKzbCZlN/Slow-growth-and-short-tails-in-2014.html"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">Slow growth and short tails in 2014</span></span></a></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;">The global
economy had another difficult year in 2013. The advanced economies’
below-trend growth continued, with output rising at an average annual rate of
about 1%, while many emerging markets experienced a slowdown to below-trend
4.8% growth. The</span><span class="apple-converted-space"><span style="background: white; color: black; line-height: 150%;"> </span></span><span style="background: white; color: black; line-height: 150%; mso-bidi-font-size: 10.5pt;">economic performance will pick up modestly in
both advanced economies and emerging markets this year with
advanced economies rising at an average rate of 1.9% and emerging markets
growing faster in 2014- closer to 5% year-on-year</span><span style="background: white; color: black; line-height: 150%;">.<o:p></o:p></span></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
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<a href="http://www.livemint.com/Opinion/3wNXA4rANhTJAZhEobFQiO/What-lies-ahead-for-the-Indian-economy.html"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">What lies ahead for the Indian economy</span></span></a></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="color: black; letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">Will inflation recede?
Will the current account deficit remain under control? Will the
government meet its fiscal deficit target? Will investment activity
pick up? Will the effect of quantitative easing be benign? The answers to
these five questions will be important for the Indian economy in the coming
months.<o:p></o:p></span></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<a href="http://www.livemint.com/Politics/1XVPVvWfnY1Jyv8tk4A4mO/Indias-manufacturing-PMI-slips-to-507-in-December-as-order.html"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">India’s manufacturing PMI slips to 50.7 in
December as orders slow</span></span></a></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="color: black; letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">The HSBC
manufacturing purchasing managers’ index (PMI), compiled by Markit, fell
to 50.7 in December from 51.3 in the previous month. The index, which gauges
business activity in Indian factories but not its utilities, spent three months
below the 50 mark that separates growth from contraction before
rising above it in November.<o:p></o:p></span></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<a href="http://www.livemint.com/Opinion/5jCjlTEH68rflVVaZmi7FM/2014-Banking-in-India-will-changebody-and-soul.html"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">2014: Banking in India will change—body and
soul</span></span></a><span style="color: black; font-family: Times, "Times New Roman", serif; font-size: large; letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><o:p> </o:p></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
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<a href="http://www.livemint.com/Money/zmHSUNE5m2vW1O721VaMNK/Tough-times-to-continue-for-stateowned-banks.html"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">Tough times to continue for state-owned
banks</span></span></a></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">For the top 20 public
sector banks, net NPAs plus recast loans make up for as much as 96% of
their net worth at the end of September. 2014 will be a year of
uncertainty for the banking industry. The light at the end of the tunnel will
begin to shine only when the economy strengthens. <span class="MsoHyperlink"><span style="color: windowtext; text-decoration: none; text-underline: none;"><o:p></o:p></span></span></span></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<a href="http://articles.economictimes.indiatimes.com/2014-01-01/news/45764712_1_railway-line-krishan-malhotra-connectivity"><span style="line-height: 150%; mso-bidi-font-size: 11.0pt; mso-fareast-language: EN-IN;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">Government may soon
permit FDI in high speed trains</span></span></a></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="font-family: Times, "Times New Roman", serif; font-size: large; line-height: 150%; mso-bidi-font-size: 11.0pt;">Besides, proposing 100 per
cent </span><a href="http://economictimes.indiatimes.com/topic/FDI"><span style="color: windowtext; font-family: Times, "Times New Roman", serif; font-size: large; line-height: 150%; mso-bidi-font-size: 11.0pt; text-decoration: none; text-underline: none;">FDI</span></a><span style="font-family: Times, "Times New Roman", serif; font-size: large; line-height: 150%; mso-bidi-font-size: 11.0pt;"> through automatic
route in the cash-starved railway sector, the </span><a href="http://economictimes.indiatimes.com/topic/Department%20of%20Industrial%20Policy%20and%20Promotion"><span style="color: windowtext; font-family: Times, "Times New Roman", serif; font-size: large; line-height: 150%; mso-bidi-font-size: 11.0pt; text-decoration: none; text-underline: none;">Department of Industrial Policy and Promotion</span></a><span style="font-family: Times, "Times New Roman", serif; font-size: large; line-height: 150%; mso-bidi-font-size: 11.0pt;"> (DIPP) has also proposed to de-license and
de-reserve few areas of the sector. "The </span><a href="http://economictimes.indiatimes.com/topic/Commerce%20and%20Industry%20Ministry"><span style="color: windowtext; font-family: Times, "Times New Roman", serif; font-size: large; line-height: 150%; mso-bidi-font-size: 11.0pt; text-decoration: none; text-underline: none;">Commerce and Industry Ministry</span></a><span style="line-height: 150%; mso-bidi-font-size: 11.0pt;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"> has
sent the cabinet note on the matter and a decision is likely to be taken this
this month only."</span></span></span><span class="MsoHyperlink"><span style="color: windowtext; font-family: Times, "Times New Roman", serif; font-size: large; line-height: 150%; mso-bidi-font-size: 11.0pt; text-decoration: none; text-underline: none;"><o:p><u> </u></o:p></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<a href="http://www.livemint.com/Money/fkxNcDc3cNbGxFbu6BN9xI/FII-flows-into-equities-seen-continuing-in-2014.html"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">FII flows into equities seen continuing in
2014</span></span></a></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="color: black; letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">Flows from FIIs in Indian
equities are likely to continue at the same pace as we saw them in 2013. But
there are two key concerns—the state of the domestic economy and
potential increase in Fed’s tapering.</span></span></span></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="color: black; font-family: Times, "Times New Roman", serif; font-size: large; letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><o:p> </o:p></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<a href="http://www.livemint.com/Opinion/BR9Yu37Cz1Ajhfd29LLKoK/Indian-economy-in-2014-The-known-unknown.html"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">Indian economy in 2014: The known unknown</span></span></a><span class="MsoHyperlink"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><o:p></o:p></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<a href="http://www.livemint.com/Opinion/jUgZqiSpSHjgs0nAcLhPkI/Stock-market-lessons-from-2013.html"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">Stock market lessons from 2013</span></span></a><span class="MsoHyperlink"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><o:p></o:p></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
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<a href="http://www.livemint.com/Opinion/hh5olGt57sjEFQ18qAgkrJ/MA-activities-in-2013-and-the-way-forward.html"><span style="letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">M&A activities in 2013 and the way
forward</span></span></a></div>
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span style="color: black; letter-spacing: -0.75pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">Macroeconomic factors,
other than lack of faith, are likely to be speed breakers for
M&A’s growth momentum in the immediate future.<o:p></o:p></span></span></span></div>
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<a href="https://www.blogger.com/" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><a href="https://www.blogger.com/" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a><strong><span style="color: red; font-family: Times, "Times New Roman", serif; font-size: large; line-height: 150%; mso-bidi-font-size: 18.0pt;">EXPERT VIEW</span></strong></div>
<h1 style="background: white; line-height: 150%; margin: 0.67em 0cm;">
<span style="font-family: Times, "Times New Roman", serif; font-size: large;">
</span><a href="http://economictimes.indiatimes.com/opinion/guest-writer/with-fed-taper-discounted-markets-poised-for-a-big-leap/articleshow/28203233.cms"><span style="font-weight: normal; letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">With Fed taper discounted, markets poised for
a big leap </span></span></a></h1>
<h1 style="background: white; line-height: 150%; margin: 0.67em 0cm;">
<span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"><span style="font-weight: normal; letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold;">By Motilal Oswal, <i style="mso-bidi-font-style: normal;">Chairman &
Managing Director, Motilal Oswal Financial Services</i><o:p></o:p></span></span></span></h1>
<a href="http://economictimes.indiatimes.com/opinion/comments-analysis/economic-outlook-2014-new-government-will-have-to-hit-the-ground-running/articleshow/28321468.cms"><span style="font-weight: normal; letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold;"><span style="color: blue; font-family: Times, "Times New Roman", serif; font-size: large;">Economic outlook 2014: New government will
have to hit the ground running</span></span></a><br />
<h1 style="background: white; line-height: 150%; margin: 0.67em 0cm; text-align: justify;">
<span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">
<span class="MsoHyperlink"><span style="color: windowtext; font-weight: normal; letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; text-decoration: none; text-underline: none;"><u>By </u></span></span><span style="font-weight: normal; letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold;">Chandrajit Banerjee, <i style="mso-bidi-font-style: normal;">Director
General, Confederation of Indian Industry (CII)</i></span></span></span></h1>
<h1 style="background: white; line-height: 150%; margin: 0.67em 0cm; text-align: justify;">
<a href="http://3.bp.blogspot.com/-OJeF7zwCzEA/UsuFoQ5jbgI/AAAAAAAAA3Q/CnLFE05mKVk/s1600/3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-OJeF7zwCzEA/UsuFoQ5jbgI/AAAAAAAAA3Q/CnLFE05mKVk/s1600/3.png" /></a></h1>
<h1 style="background: white; line-height: 150%; margin: 0.67em 0cm; text-align: justify;">
<span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"><span style="font-weight: normal; letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold;"><o:p></o:p></span></span></span> </h1>
<a href="https://www.blogger.com/" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><a href="https://www.blogger.com/" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"><strong><span lang="EN-US" style="background: white; color: red; font-weight: normal; line-height: 150%; mso-ansi-language: EN-US; mso-bidi-font-size: 18.0pt;">A SNEAK PEAK INTO THE WORLD OF FINANCE</span></strong><span style="color: #333333; line-height: 150%; mso-bidi-font-size: 24.0pt;"><o:p></o:p></span></span></span><br />
<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span><br />
<div class="MsoNormal" style="background: white; line-height: 150%; margin: 0cm 0cm 0pt; mso-outline-level: 1; text-align: justify; vertical-align: baseline;">
<span class="MsoHyperlink"><span style="color: windowtext; letter-spacing: -0.75pt; line-height: 150%; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN; mso-font-kerning: 18.0pt; text-decoration: none; text-underline: none;"><u><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">Click
on the slideshow below to have better view of the Street beyond Nifty &
Sensex</span></span></u></span></span><br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://economictimes.indiatimes.com/slideshows/investments-markets/look-beyond-nifty-and-sensex-for-better-view-of-street-action/slideshow/28310384.cms" target="_blank">http://economictimes.indiatimes.com/slideshows/investments-markets/look-beyond-nifty-and-sensex-for-better-view-of-street-action/slideshow/28310384.cms</a><img border="0" src="http://2.bp.blogspot.com/-mLid5Ys-9gM/UsuFp6FCgPI/AAAAAAAAA3Y/RvbprPOKkIU/s1600/x.png" height="180" width="320" /></div>
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</div>
Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-18715710760210489152013-12-26T13:57:00.002+05:302013-12-26T13:57:34.996+05:30BOGEY<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span>Today's word: <strong>BOGEY</strong></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br /><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;">Theme for this fortnight: MUTUAL FUNDS</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
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<a href="http://4.bp.blogspot.com/-sbPEiOnMKdY/UrvoRxDie1I/AAAAAAAAA2o/nV2W6ONxHl8/s1600/x.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Times, "Times New Roman", serif; font-size: large;"><img border="0" src="http://4.bp.blogspot.com/-sbPEiOnMKdY/UrvoRxDie1I/AAAAAAAAA2o/nV2W6ONxHl8/s1600/x.png" /></span></a></div>
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<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span> </div>
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<span style="font-family: Times, "Times New Roman", serif; font-size: large;">
</span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 8pt; text-indent: 18pt;">
<span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">The benchmark return that a
portfolio or fund manager is compared against, such as the S&P 500. More
generally, the target return than an investor is aiming for.<o:p></o:p></span></span></div>
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<span style="font-family: Times, "Times New Roman", serif; font-size: large;">
</span></div>
<div class="MsoListParagraph" style="margin: 0cm 0cm 8pt 36pt;">
<o:p><span style="font-family: Times, "Times New Roman", serif; font-size: large;"> </span></o:p></div>
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<span style="font-family: Times, "Times New Roman", serif; font-size: large;">
</span></div>
<span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-90972182595934820512013-12-25T10:33:00.003+05:302013-12-25T10:33:36.972+05:30FOUL WEATHER FUND<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span>Today's word: <strong>FOUL WEATHER FUND</strong></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br /><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;">Theme for this fortnight: MUTUAL FUNDS</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
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<a href="http://1.bp.blogspot.com/-EKZ_dv0kvwY/UrpnB7KaXlI/AAAAAAAAA2Y/KJfQbkIqY9U/s1600/x.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Times, "Times New Roman", serif; font-size: large;"><img border="0" src="http://1.bp.blogspot.com/-EKZ_dv0kvwY/UrpnB7KaXlI/AAAAAAAAA2Y/KJfQbkIqY9U/s1600/x.png" /></span></a></div>
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<span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span> </div>
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<div class="MsoNormal" style="margin: 0cm 0cm 8pt; text-indent: 18pt;">
<span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">A type of mutual fund that
performs well or even better than the market as a whole in weak market
conditions. The goal of these types of funds is to limit or benefit from
downward market effects. Often these funds invest in stocks with lower
volatility.<o:p></o:p></span></span></div>
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<span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif; font-size: large;"></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span> </div>
Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-57733375325248988482013-12-24T15:17:00.002+05:302013-12-24T15:17:08.371+05:30DISTRIBUTION WATERFALL<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span>Today's word: <strong>DISTRIBUTION WATERFALL</strong></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br /><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;">Theme for this fortnight: MUTUAL FUNDS</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
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<a href="http://4.bp.blogspot.com/-e04WIQn95mw/UrlX-oW03aI/AAAAAAAAA2I/qECBj-xeMPU/s1600/x.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Times, "Times New Roman", serif; font-size: large;"><img border="0" src="http://4.bp.blogspot.com/-e04WIQn95mw/UrlX-oW03aI/AAAAAAAAA2I/qECBj-xeMPU/s1600/x.png" /></span></a></div>
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<span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">Hierarchy of distribution of an
equity fund. This specifies the order of distribution to investors when their
investments are sold. For instance, general investors can only receive their
share of the fund after preferred investors are given their corresponding
shares.<o:p></o:p></span></span></div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0tag:blogger.com,1999:blog-9152773192000935131.post-69429897762871773592013-12-20T14:02:00.003+05:302013-12-20T14:02:37.915+05:30COUNTRY BASKET<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">Today's word: <strong>COUNTRY BASKET</strong></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;"><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span><span><span style="font-family: Times, "Times New Roman", serif;"><span><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;"><span style="font-family: Times, "Times New Roman", serif;">Theme for this fortnight: MUTUAL FUNDS</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br />
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<a href="http://3.bp.blogspot.com/-kyxTCt-QT4s/UrQAgXOtZdI/AAAAAAAAA14/Wk0ZbNSOmTo/s1600/x.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Times, "Times New Roman", serif; font-size: large;"><img border="0" src="http://3.bp.blogspot.com/-kyxTCt-QT4s/UrQAgXOtZdI/AAAAAAAAA14/Wk0ZbNSOmTo/s1600/x.png" height="320" width="320" /></span></a></div>
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<span style="font-family: Times, "Times New Roman", serif;"><span style="font-size: large;">Exchange traded fund composed of
stocks in foreign countries combined into one security. A country basket allows
an investor to own multiple stocks in his or her portfolio without being
subject to multiple transaction costs and/or multiple securities.<o:p></o:p></span></span></div>
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Adminhttp://www.blogger.com/profile/17769669346388606055noreply@blogger.com0