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:
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.
Saturday, 23 August 2014
Soaring prices–business hawks are on a loot:
Tuesday, 5 August 2014
Scandalising non performing assets:
The very term NPA (Non Performing Assets) quite often heard mainly with reference to different banks, both in public sector and private sector, looks just so plain on the face of it but factually it borders serious scandals financially and there are many a bankers who have used it as a tool for an organised corruption. CEOs of various banks have been too liberal with the borrowers in the matter of recovery of loans so granted to them which gesture is much beyond the normal professional requirements, they were in fact more obliged than accommodated need based in terms of the routine banking norms and the relevant guidelines of the Reserve Bank of India. What could be the reason behind these executives being so over liberal? Obviously their bonafides are not above board. One Chairman of State Bank of India, the very predecessor to the present incumbent incharge, was smart enough to divert major chunk of NPAs to bad debts with the result that it showed an unprecedented loss to the Bank. Several other CEOs in number of other banks including Syndicate Bank did the same thing. Fishy deals like this are not the ones to be just taken lightly, they in fact warrant a large scale probe in the matter awarding necessary punishments to those found guilty.
Sunday, 3 August 2014
Ever hungry M.Ps. want higher limits for poll expenses:
Call it hunger or lust, the Members of Parliament, at least majority of them if not all, all along have an unquenchable thirst for money in some name or the other as if hyper jump in their salary and allowances last time with basic pay alone fixed at one lakh per month was not enough. They are practically on a loot of public exchequer for their own comforts and luxuries. Now many of them are clamouring for an enhancement in their poll expenses limit. There are many contestants who already spent in their last elections much beyond the limit prescribed by the Election Commission which is an offence but nothing sort of any penalty or punishment happened to them. Their allowances other than salary are innumerable. They are the ones who raise hue and cry every time there are demands raised for improvement in monthly emoluments for the employees of public sector undertakings including banks who toil hard with their sweat and blood in the interest of the people of the country. Employees are forbidden by their service rules to opt for any side job or business as against the M.Ps. who have a multiple tier of businesses to earn a hefty income besides their own salary and allowances. It is a sheer corruption in a way and time has come for the concerned authorities that be in the matter to cry a robust halt to their ill manoeuvred designs to grab public money some way or the other.
Wednesday, 30 July 2014
Satans on a spree targeting businessmen:
Sunday, 20 July 2014
Easy money or money earned nefariously:
Never easy it is to earn money. Even a beggar has to put in hard labour to earn whatever little he fetches. Islam prescribes that it is haram to earn any money without putting in necessary labour for it and so do the other religions too to forbid any mode of earning unless there are due efforts made for the purpose involving some amount of labour or the other. But human tendency all over the world is to follow only those portions of religious sermons that suit them and are compatible to their desires. What is followed in practice is securing easy money some way or the other not necessarily involving much of physical labour. Black money comprises of such earnings accumulated through corrupt practices. Even small traders resort to such a mode of earnings. The government of India recently announced about 35% of relaxations in number of medicines but you go to any medical store they are not prepared to reduce the prices on the pretext of no official information yet received by them. They are the same persons who forthwith implement such decisions the moment they are announced or published in the news papers without waiting for any official information if the prices are raised. Same thing is done by the dealers in petrol and diesel followed by traders in other house hold essentials including road side thhelawalas. Call it easy money but in actual terms it is black money remaining unaccounted for and majority of business people in India, big or small, flourish on it.
Monday, 16 June 2014
Budget pinch in days to come:
Financial budget of Indian Union is due shortly and there are predictions as from experts in the field that it is going to be a hard one. Hard one because any developing economy can hardly afford a soft sort of budget. What is to be seen more closely is the extent to which it is hard. It was hardly ever in the past that didn’t hit hard the pocket of the tax payers –some Finance Ministers did it moderately and some like P. Chidambaram did it harshly with a deep prejudice against the tax payers. Need is one thing but getting personally biased or prejudiced against certain selected segments of the people is another. Chidambaram, the predecessor of the present incumbent Arun Jaitly, had a sort of sadistic pleasure in hitting the tax payers the hardest with actual need apart. Tax payers are normally prone to reconciling with need based taxes directly related to developmental plans but they find it unbearable if it is done with a prejudice unmindful of the tax payers plights. People of India including industrialists are holding their breaths watching as to what is there in store for them and such a suspense has to continue till such time the budget is out and declared on the floor of the Parliament. Let us wait and watch.
Sunday, 13 April 2014
Goodwill matters:
- DZire 42,481
- Swift 47,237
- Ertiga 13,593
Wednesday, 26 March 2014
Again an increase in ATM charges:
There is again an increase in the offing in ATM charges for the users as proposed by a bankers committee exclusively formed for the purpose. Even though there have been setbacks to several bankers on account of their huge NPAs they still had bigger profits overall but they continue having their eyes fixed on more and more profits every now and then increasing charges on different counts to be suffered by the clients. ATMs are now an area which have become the basic base of routine banking transactions for the common people and it is they who feel badly over taxed whenever transaction charges in their respect are increased. If there was even the least possible consideration for the common people, there was no case for proposing further increase in the charges in respect of ATMs at least.
Sunday, 16 March 2014
Share trading as a career:
Full of risk it is no doubt but for many it is a career building channel. Those who are risk conscious very well have the option of dealing in plain equities as against several other areas which are otherwise full of hazards and liable to cause havoc emerging out of heavy fluctuations in the share market. Yet there are thousands of traders who are able to earn in a sumptuous measure much more than normal salary earners but this is a field where upheavals of a massive order are a common feature. Within minutes one may grow to the status of a millionaire or may dwindle down to the level of a pauper. Only those who can afford investing big sums are the people who can earn well but others too can go ahead with smaller investments if they avoid areas of risk and trade only in shares within a set time frames regularly watching the mood of the market. Better it is always to go for a moderate trading without unnecessarily feeling over greedy in the matter.
Friday, 10 January 2014
Whom to rely upon?
The well known Yog Guru Baba Remdev is regarded by his disciples and even others as a crusader against corruption and black money in India. It is a different matter that he himself is running an empire of business in indigenous medicines and is involved in several cases against him being investigated by CBI and various other agencies in the country. He is a Yogi turned politician now practicing more of politics than Yoga. There are many a controversies surrounding him in relation to his products as from Patanjali. One of the latest products from the Patanjali medical centre is a Chawanprash with composition of 51 herbs as per various ads released in relation to that. A consumer checked the very label of the Chawanprash container and there he found the mention of only 37 herbs. Since the market is flooded with the new brand as such it just can’t be construed to be an omission and if it was something deliberate it amounts to a manipulation bordering a fraud. People trust Baba Ramdev but if he too is found involved in any malicious deal, the very question that arises is as to who could be the people to be trusted upon. The matter is under investigation and the truth will come out after it is finalised.
Thursday, 21 November 2013
Another feather in the cap of women careerists:
usha ananthasubramanian
It’s a happy sign that there are many a women executives who are joining as the Head of different organisations in the country, the latest being Usha Anantha Subramanian who has since been appointed as the first woman Chairman of the newly started Womens’ Bank in India. The Board which is being setup for this new type of Bank is to consist of the women only as Directors in it. The Bank is to be managed all by women themselves exclusively. The banking operations, however, may have to involve also customers other than the women. First of its kind in India, the Bank is supposed to promote a banking that is women friendly. This is a new venture and hopefully this meets the demand for exclusively a women’s Bank pending for a long time with result orientation in a healthy way. Please read this in conjunction with the link given below:
Link: http://tapovan976.org/2013/11/21/gender-changea-need-of-the-day/
Thursday, 22 August 2013
Religion based banking in the offing:
Necessary nod has since been given to the Government of Kerala by the Reserve Bank of India to go ahead with the formation of a financial institution falling in line with Islamic principles. This Shariah compliant body will be the one not charging any interest on the advances made nor it will accept any interest on the deposits it will receive from the customers. It will also desist from dealing with transactions related to tobacco, liquor and speculative tradings. Islamic principles prohibit charging interest on borrowings and also on deposits received. It is quite nice an approach but the question is how a financial institution can survive without any intake of earnings by way of interest on the money lent out. Obviously there shall be many a takers so far as borrowings are concerned but who could be the people to deposit their hard earned savings without getting any thing by way of some interest on them. Only volunteers can do it but there again it is the number that counts as no purpose can be served if such depositors are only few and far between. May be some religiously committed people come forward making the institution work viably. All the best to the new venture.
Wednesday, 8 May 2013
Exploiting black money:
Monday, 18 February 2013
Do the stars really play any role?
People in business or those serving in different organisations very often complain that they are having bad days undergoing some setback or the other. They rush to some priest seeking a remedy. The priest tells them that it is all due to the stars going in an otherwise direction. He also names the stars like Shani, Rahu, etc. along with KaalSarp and the like responsible for the bad days to the people concerned. He also suggests necessary Puja for the purpose naming them as Mritunjaya or Mahamritunjaya jaap to overcome eventualities in the offing because of bad stars like serious illness or even death as a possibility. In most of the cases this type of modus operandi is all a fake one on the part of the priests to make money from their customers blindfolding them with several premonitions of adverse situations. Whatever it is, the customers follow the dictates of the priests blindly and in the process there is enough of money making. Such a fake diagnosis of the priests apart, the fact remains that the stars are there and it is they who play most vital a role in the life of the people. It is, however, a different matter as to how best they can be diagnosed without any falsehood.
Sunday, 13 January 2013
Why bloggers don’t have better prospects in India?
Obviously the answer is because India doesn’t have necessary marketing scenario as it obtains in several other countries globally. If Indians venture to make their entry into markets prevalent elsewhere in other countries abroad, they fall victims to prejudices, and so is the fate of bloggers. They work on line as bloggers and they are paid well there, but if an Indian blogger does the same job for them, the amount payable to him is too meagre. Different social sites on line like Social Spark have a clear stipulation that they are to enrol only those bloggers who have minimum 2000 monthly visitors/ viewers to their site of which at least 51% belong to America. One of my blogs which has the average viewers rate monthly at 3000+ does not fit in to their criteria so prescribed as per their interpretation of the provisions. Various other sites too do the same thing more or less with the result that Indian writers get out of the race. It may possibly take several decades for India to grow to a higher level like that.
Friday, 4 January 2013
Do I call it a day to this blog of mine?
This is one of the blogs of mine which I love most, but for quite some time I developed my reservations on the very relevance of it, or say some meaningful utilisation of it. I somehow have a weak point in the sense that I just can’t do away with this blog as I have been keenly hooked to it for a very long time. As a compromise, I feel like first reducing the periodicity of it from once in two day to once in 3 days. Looks silly, but I think this is the option I can apply. In any case, some where in my heart, there is a feeling that I should keep it live so long I can manage to spare a few minutes for this blog cutting short my otherwise a very very tight schedule on my desk.
Wednesday, 12 December 2012
Payments by cheques to be more secure effective from the New Year:
It’s a good news for the customers of different banks that their transactions through cheques shall now be more secure and feasible in terms of the new guide lines issued by the Reserve Bank of India. This arrangement is likely to be in practice with effect from 1st January’2013. To facilitate transaction in more safe a manner, the new cheque book series will have to be used replacing the old one. Bankers have already started contacting their customer to apprise them of the new change. The new cheque books are to be supplied by the respective bankers free of cost to their customers on their home address. The customers who do not receive such cheque books, may have to collect the same from their bank concerned without any extra payment. These new cheque books are being issued in terms of Cheque Truncation System which ensures more of safety and security. The old cheques will not be accepted after 31st December’2012 and they will have to be readdressed. This system under the new scheme is also supposed to expedite payments presently done through clearing as the relative transaction shall be put through the same day. The collection of cheques through clearing system presently takes around a week’s time. As it looks now, the transaction through cheques is certainly likely to be feasibly convenient to the customers.
Thursday, 6 December 2012
Banks–another user friendly device on Mobiles:
Thanks to tough competition amongst the bankers as this is what forces them to mechanise one system after the other preceded by an otherwise large scale computerisation in almost all banks. The latest device so made available to the customers by them is in relation to quick access to their accounts through any mobile which step is certainly a matter of appreciation. What the account holders are required to do is to just dial *99# to get access to their respective account, know their balance, transfer funds or make a requisition for a new cheque book. The mechanism so applied through mobile phones is just simple and user friendly. Since the device is an universal one under USSD (Unstructured Supplementary Service Data) platform, it is capable of directly connecting to the concerned bank’s server when *99# is dialled on a mobile phone. The system so evolved is likely to get implemented shortly in all banks throughout the country.