It has been a typical behaviour of the Indian share market that moved up and down in most unpredictable a manner during the last week followed by an upward trend when the market opened yesterday. Overall it was a snail’s speed with which it worked. After Prime Minister Modi’s triumphant visit to America with his remarkable speech at the United Nations followed by his magical address at Madison Squire, New York, there were all expectations that the Indian share market would move higher with a plus factor but the traders got disappointed when the market closed on Monday with both Sensex and Nifty in a negative manner. Bulls did look slightly dashing at a certain point but it was just momentary as bears finally overpowered them assisted by snails. Experts still say that the market may soar in days to come after Modi returns to India but that is again nothing more than a mere guess and what tangibly occurs is to be seen and experienced only.
Tuesday, 30 September 2014
Share market in a snail’s mode:
Sunday, 28 September 2014
Summons to Modi on 2002 Gujarat riots:
Summons are issued against the Indian Prime Minister Narendra Modi while he is on his otherwise a stormy visit to America by the US Federal Court for the Southern District of New York on a civil law suit filed by the New York based American Justice Centre (AJC), a non profit human rights organisation along with two survivors of the post Godhra violence. Narendra Modi is required to respond to the summon within 21 days after it is served on him, as the Court said. This is how the news is released by the PTI. Like a bee in the meals the news spoils the taste the Indian populace is enjoying on a tremendously successful visit of the Prime Minister Narendra Modi to America currently. Courts any where in the world have their own way of working boastfully unmindful of the reaction of the people in general. The news read in the context of Indian Court having already disposed of the case much earlier exonerating Modi of the charges so levelled, the instant one practically stands no where.
Friday, 26 September 2014
Bank accounts operations now within the ambit of kids even:
Rigid stipulations in respect of operations on bank accounts having since been relaxed, certain banks like ICICI Bank and State Bank of India are now to permit even the kids to open and operate their bank account(s) in terms of necessary guidelines issued earlier by Reserve Bank of India. Certain conditions laid down for the purpose are:
- The account holder should be minimum 10 years of age and above.
- The maximum withdrawal limit is not to exceed 50,000 in terms of Indian rupee.
- The kid concerned should be fully conversant on signing so that the signature fully tallies when asked to repeat the signature.
- As account holder kids concerned are equally authorised to operate the ATMs also. The observation made by the authorities concerned in this connection reads as follows:
“We do not expect the child to go to the ATM unaccompanied. But instead of making it a guardian operated account we are leaving it to the parent to guide the child.”
Wednesday, 24 September 2014
All’s well that ends well:
Monday, 22 September 2014
On compassionate appointments in Banks:
A post with relevant details on another blog ‘Avenues’ was published to facilitate necessary followup by the grief stricken dependents of the deceased employees in banking industry on the 14th August’2014 necessary link in respect of which is given below for the information and the desired use by the needy spouse and other dependents:
http://uppermost.me/2014/08/14/compassionate-appointments-in-banks-reintroduced/
There was a large number of comments exchanged by the readers of the said blog post containing useful awareness in relation to the scheme. The purpose of referring the above link here is to extend the use of the guidelines contained therein by way of queries and answers to the readers of this blog also particularly those needing assistance on the compassionate appointment matters. The readers in general are requested to see to it that the relevant information positively reaches the needy ones as after all it is a noble cause.
Saturday, 20 September 2014
Make in India–most radical a slogan:
Innovative and radical, ‘Make in India’ is a revolutionary slogan given by Prime Minister Narendra Modi which inspires a great deal of self sufficiency on the part of Indian manufacturers and producers and also the exporters. Once developmental activities are set in a proper gear, this should be well nigh possible for the country to be self dependent. Prime Minister Narendra Modi is virtually acting as a brand ambassador on that count –the dresses he wears have already assumed much greater a popularity abroad in countries like USA and UK. Potentially India is rich enough on production front and if exploited earnestly this is sure to elicit bigger results. This is in fact the time for Indian producers including those in the agricultural areas to harness themselves to the task in a proper spirit in which direction the ball is already set rolling by the Prime Minister himself. Let ‘Made in India’ be a popular stamp on a global measure.
Thursday, 18 September 2014
High speed double decker train–how safe?
Travelling in a double decker train is thrilling with a mix of adventure and the people do relish it. Now that there is a proposal to enhance the speed of the double decker train between Mumbai and Ahmedabad to 130 km an hour, the question that obviously arises is that of safety. Though railway authorities claim having taken ample measures to ensure safety but that can’t be taken just on its face value for the reason that such measures are not new ones and despite that the accidents in railways have been a routine mishap. A double decker train being too big in height is much more prone to several kinds of mishaps. The bullet train, Prime Minister Modi’s dream project, is likely to run on Indian rail tracks shortly and the question of safety is linked to that also because of the speed factor. Nice that such projects are in the offing from the view point of passengers convenience and developmental activities in the country but the first and foremost necessity is to be doubly sure on safety and security before they are launched in physical terms.
Tuesday, 16 September 2014
Indian Prime Minister to address United Nations in Hindi:
On his visit to USA in the last week of this month Prime Minister Narendra Modi is scheduled to address the general assembly of United Nations, the significant feature being that this address shall be in Hindi. In fact he shall be the third dignitary from India to do so –the first being the then Prime Minister of India Atal Bihari Vajpai followed by Rajnath Singh the then a cabinet rank minister in the Indian Council of Ministers. Actually like every thing language too is a politics both at the level of the individual country and also globally. In India several of political leaders, many of them claiming to be academically well qualified, speak in their regional language because they are not fully conversant in English and there are many who do so as an honour to the national language Hindi. Prime Minister Narendra Modi too doesn’t command necessary fluency at speaking in English but this by itself is no reason for him to opt for speaking in Hindi at United Nations. His selection of language is fully based on a nationalistic approach holding Hindi banner high wherever he visits as was the approach of Atal Bihari Vajpai, the then Prime Minister. His decision as such is not to undermine English, most powerful and globally recognised a language, but just to go for a bigger boost up to the national language in true spirit of patriotism. This is quite in tune with the pride of India.
Sunday, 14 September 2014
Floods in Kashmir -mercenaries on a rampage and vandalism:
Kashmir is crying in pain as a result of havoc caused by monstrous floods with hundreds of people dying followed by enormous devastations. Prime Minister Narendra Modi has made an appeal for donations to facilitate further rescue operations and rehabilitations which every one owes a moral responsibility to respond sumptuously. Prime Minister Modi is all out to help the affected ones doing historically his best and this is for we , the people of the country, to help him at our maximum level. What is most unfortunate is the role of certain vested interests who are trying their maximum to torpedo Modi’s rescue measures. They are pelting stones on army men, helicopters, aircrafts involved in rescue operations to see that the help being extended to the victims in Kashmir valley be curbed some way or the other. They are the demons deserving a massive crush only.
Friday, 12 September 2014
A cut in diesel prices in the pipe line:
If it finally happens it is something that would occur for the first time after 7 years. Thanks to present government led by the Prime Minister Narendra Modi. Diesel is a most consumed fuel in India and both rise and fall in its price affect millions of people in the country. The reduction in diesel prices is a likelihood as the oil marketing companies have started to make profits as a result of crude oil falling sharply to $98 a barrel followed by Indian rupee appreciating against dollar. Besides relief to consumers it may equally play a vital role in checking inflation. Indians being victims of hard hitting soaring prices in general throughout the country it may prove to be much of a relief to them. If media channels are to be relied upon, such a measure of relief has every likelihood for its implementation by the end of the current month.
Wednesday, 10 September 2014
Merit based appointments:
Prime Minister Narendra Modi has issued directions to all of his ministers to strictly go by merit while making any recruitment in different departments of their ministries. The announcement is to be hailed in the sense that merit should never be a factor to be compromised either as a matter of pick and choose or even reservation in jobs. A reference of the following blog post by way of a link needs to be made here:
Link:http://uppermost.me/2012/08/14/is-it-worth-compromising-merit-for-political-gains/
Merit is the crux point when there is a nation building in the process coupled with developmental activities all around and if the tools like pick and choose and quota reservation are allowed to get manipulated it enormously hampers the progress of any country –be it India or some other country elsewhere in the world. The move initiated by the Prime Minister Narendra Modi is sure to attract more talented people with adequate merit capable of handling the tasks which are in the overall interest of the country.
Monday, 8 September 2014
P.M.’s Teachers Day speech–action against defaulters:
Prime Minister Narendra Modi’s speech on the last Teachers Day was a great hit but several of the schools in the country defaulted in its proper implementation –some on the ground that they had no necessary paraphernalia available with them for the purpose and some wilfully including those for political prejudices. Certain political parties openly opposed the programme. The government has now come out with a threat of action against those schools who defaulted. Since it was an official programme where Prime Minister was involved, there should normally be no pertinent an excuse to play any defiance on the part of any body whether individual schools or the political parties but the question is whether any action taken in the matter can be a justifiable one, more so in the case of different political parties who feel that they themselves are all powerful to go the way they want and none is supposed to go against them. It has yet to be seen what a turn it finally takes.
Saturday, 6 September 2014
He came, he saw, he conquered:
