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Saturday, June 21, 2008
SOS-Help Indian Finance Minister!!!
Oh He is really struggling.We dont know what to do is the answer from him.Yes It is our finance minister who promised a lot along with great Dr.Manmohan singh who is considered reformer of Indian economy.But,they both are dancing to the tunes of global environment.FM announced rs.60000 crores waiver then extended 10000cr more(from his pocket) to the farmers happily. He supported all stupid freebies schemes like color tv,gas stove,2/kg rice,free land of TN gov.Now what happens,are they happy.
He is now telling us he wants to reduce demand side as we could not find enough supply in all categories(food ,steel,cement,oil etc).
What was he doing for all these days.He should have expected it before and took all monetary measure instead of allowing inflation to touch 11% and allowing it to rise further.As a prudent FM he should have advised against election related populist schemes.
What ever steps he takes now ,will take its own time to reflect on the economy.Now.what is the message FM giving to the people--is this?
Stay there ,.
Stay at rented house dont buy a new house bcos interest rate will be more
dont buy cars/bikes ,cant afford oil price /EMI
Dont invest You will not get any returns from money markets.
Dont eat much if you buy more rice ,oil,wheat the price will get increase.
Anyway,He is in great stress thanks to inflation,next election,communists,other
allies.
Is there anyone to help him??
He is now telling us he wants to reduce demand side as we could not find enough supply in all categories(food ,steel,cement,oil etc).
What was he doing for all these days.He should have expected it before and took all monetary measure instead of allowing inflation to touch 11% and allowing it to rise further.As a prudent FM he should have advised against election related populist schemes.
What ever steps he takes now ,will take its own time to reflect on the economy.Now.what is the message FM giving to the people--is this?
Stay there ,.
Stay at rented house dont buy a new house bcos interest rate will be more
dont buy cars/bikes ,cant afford oil price /EMI
Dont invest You will not get any returns from money markets.
Dont eat much if you buy more rice ,oil,wheat the price will get increase.
Anyway,He is in great stress thanks to inflation,next election,communists,other
allies.
Is there anyone to help him??
Friday, June 20, 2008
Nifty,Sensex nearing bottom,get ready for shopping
The hammered markets are nearing its bottom,thanks to all the bad news,sentiments,crude price,inflation,slow growth rate,politics etc.
the worst possible target for the nifty is 3700-3750 from where the market will see a tsunami kind of up move.But nifty may not go below 3950-4000.
Once elections are over in US and India,the markets will only see up direction.
So get ready for shopping from now onwards.Be courageous enough to buy quality stocks in small amounts and accumulate to average.
the worst possible target for the nifty is 3700-3750 from where the market will see a tsunami kind of up move.But nifty may not go below 3950-4000.
Once elections are over in US and India,the markets will only see up direction.
So get ready for shopping from now onwards.Be courageous enough to buy quality stocks in small amounts and accumulate to average.
Tuesday, June 17, 2008
Saturday, June 14, 2008
Movie review :Dasavatharam- A final attempt by Kamal Haasan?
Viewer got exited before the release of Dhasavatharam but vexed at the end.Why should there be ten avatars.What does Kamal want to convey to the viewers.Whether he thinks he is the only actor who can act those roles.He could have done 10 more films with each charactors individually. This film will not go well as of Avvai shanmugi,Indian or mickale madana..., 10 is too much to accept all of them have no precise roles in the film.
Final result will be average if we want to comapare the costly film with another costly film Sivaji released last year.Appreciatable effort but not worth.
Not all the songs of Himesh Reshmia are good but bgm by DeviSri Prasad is helping the movie.
Every one will want to see the movie atleast once so the success is assured is what director Ravikumar saying.We may not know the exact profit unless the producer coming out with details.
Overall , it is a one man show of Kamal Haasan that is well appreciated and he deserves every accolades.
Final result will be average if we want to comapare the costly film with another costly film Sivaji released last year.Appreciatable effort but not worth.
Not all the songs of Himesh Reshmia are good but bgm by DeviSri Prasad is helping the movie.
Every one will want to see the movie atleast once so the success is assured is what director Ravikumar saying.We may not know the exact profit unless the producer coming out with details.
Overall , it is a one man show of Kamal Haasan that is well appreciated and he deserves every accolades.
Fixed deposits Losing Money Value
One year back when the inflation was at 5 to 6% ,Banks offered upto 8.5% interest to the fixed deposits.It was quite understandable that many risk averse people invested in fixed deposit schemes of the banks.But now the inflation nears double digit meaning there is no appreciation for the money invested.Also ,investors may not be able to withdraw money without some deduction in some banks and invest in new schemes.
We have floating interest method for the home loans in which the EMI payable will be adjusted with respct to the new interest rates.Likewise,Can't banks introduce deposit schemes with floating interest rate w.r.t inflationay rates. i.e calculating 2% above inflation every month/week/qtrly. We may gain or lose at the end.But the money value is protected against the current inflation.
Will RBI consider and recommend this option???
We have floating interest method for the home loans in which the EMI payable will be adjusted with respct to the new interest rates.Likewise,Can't banks introduce deposit schemes with floating interest rate w.r.t inflationay rates. i.e calculating 2% above inflation every month/week/qtrly. We may gain or lose at the end.But the money value is protected against the current inflation.
Will RBI consider and recommend this option???
Wednesday, June 11, 2008
Inflation becomes the enemy of Indian Economy
When PM ,FM ,economists assured the people that we are on right track on the growth path we made to believe it.But now ,suddenly growth rate seems to take slow pace for what ever reasons. Global oil crisis is one of them. It is main source of energy. Global food shortage is another one. The world has forgotten farm industry. The real estate sector take the toll directly on the farm industry.The farming community should be assured of profits otherwise they are ready to sell their land for what ever price profitable to them.
Indian politicians should never forgot that farmers are the real pillars of the economy and they sholuld be protected at any cost.If we remember during pokran research,India was able to survive the west nations economic sanctions,only beause it did have enough food production in the country.
So, one must remember,abundant food production will always save the nation , not high rise buildings and huge bridges .Inflation will also be under control. Produce more elcetricity, more ethanol to reduce oil needs.
Indian politicians should never forgot that farmers are the real pillars of the economy and they sholuld be protected at any cost.If we remember during pokran research,India was able to survive the west nations economic sanctions,only beause it did have enough food production in the country.
So, one must remember,abundant food production will always save the nation , not high rise buildings and huge bridges .Inflation will also be under control. Produce more elcetricity, more ethanol to reduce oil needs.
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