Rajiv

Archive for the ‘Business’ Category

Ushering Into Change phenomenon ?

In Blog, Business, Cartoons, Current affairs, News on September 15, 2012 at 12:48 pm

India is always known as elephant against China which is popularly known in circles as crouching tiger. A fast paced tiger pitted against a slow moving elephant. But over these 4-5 years the elephant has been pretty asleep while tiger has been roaring all thorough these years. BRICS- the group of emerging countries has been actually slowing down. Lots were being said about the Once popular and hero of India in 90s- Mr. Manmohan Singh, a well renowned economist who made India usher in a new world of emerging country.  Three years of silence was supposedly lots, finally he meekly-roared, puts some courage, puts his defiant foot forward. After 3 years of lull, two days made history in UPA-2. First increase in diesel price by 6 rupee, secondly, putting a cap on the subsidized LPG cylinders, Thirdly, allowing 51% FDI in retail and 49% FDI in civil aviation industry. All these measures made withing 24 hours after a washout of monsoon session of parliament was tremendous about turn by the Govt.

There is definitely Two perspective to the moves.

Govt perspective: Definitely fiscal deficit is a major concern which is getting to abyss at a fast pace. major oil companies are making huge losses on a daily basis where in all petroleum products govt provide huge subsidies be it petrol, kerosene, diesel or LPG. Definitely FDI in retail & Aviation shall mark a turn around  in ailing airline industry and will boost retail trade in India with wal-mart like major players being part of Indian consumers.  Govt claims to raise an additional Rs 20,300 crore for the Oil companies.  Economist are all cheers for these measures. It might give kick start to all due reforms pending.  Finally the so called ‘Policy-Paralysis’ has come to end. Market, elated with the news gained at SENSEX.

“The decision of the government to hike diesel prices and LPG (beyond six cylinders) are borne out of necessity. CII fully understands the economic compulsions for such a decision,” CII Director General Chandrajit Banerjee said in a statement.

“Diesel has larger weight than petrol, it (hike in petrol price) will have inflationary effect but it is a good decision. It will put pressure on inflation in short but in long run will have good impact on economy,”  – Crisil Chief Economist D K Joshi

The middle class woke up to double whammy this morning. It has added further burden to already agitated Indians. At this juncture, when the prices of basic commodities are sky high and inflation is refusing to buzz despite all RBI efforts. it’s is expected to go up by another 0.40%. The aam aadmi, the common man is the one who suffers. He has his valid reasons. When the Govt is all down with plethora of corruption accusations and of misusing tax payers money on cases like 2G, Coal-gate, Common wealth games issues. What a common man is fed up of is that the Govt crib that it has no money to pay for the subsidies (implied)  then what is happening to the tax payers money.  All the money is being used for unnecessary study tours, for renovating Planning commission office STATE OF ART-TOILET (costing crores), for private presidential trip,  so on and forth. Definitely, when the the hard earned tax payers money is being drained with such apathy, govt will be out of money to pay for other necessities.  Common man is on the streets crying foul. Yesterday, I was watching The Newshour debate in a TV news channel- Times Now, where a well known corporate figure  supported govt in case of putting cap on the number of subsidized LPG cylinders. His point of view was ” a PRUDENT family shall need at the most 6 cylinders in an year” that meaning half-a-cylinder per month. Well I have a doubt about what a prudent family means? Personally I alone use one cylinder in a one and a half month without much of cooking and never to waste. How come a prudent family(might be ONE member family) require only 6 cylinders in a year.

An article on How price hike affects common people.

Top 10 Impacts of Diesel Price Hike

Political fights:

These announcement has added fuel to the already fuming relationship between Govt , allies and opposition. The two major parties supporting Govt at the centre SP, led by Mr Mulayam Singh Yadav  & TMC led by Mamta have raised a strong concern against he policies announced. However, public knows the drama being played by them. They allready know that they are just pretending to showing empathy in front of public just in order to rake in the votes for coming elections- Public Posturing. The main opposition NDA has got another weapon to fire.

Government facing a double sword from political parties on one hand and public on the other is putting a brave face with one liner- ” Tough Times need Tough decisions”. This is hard to say what shall be the final outcome. I mean weather govt can stand to all these pressure or submit.  The coming days will be testimony to it.

Related Articles:

  • The unusually large diesel price increase suggests that economic reformers have persuaded Congress leaders of the urgency of curbing the budget deficit – now about 6 per cent of gross domestic product for the central government alone – in order to stave off a threatened downgrade by credit rating agencies that would reduce Indian sovereign debt to “junk” status. – FT Article
Advertisements

King of Good times?

In Business, News on February 1, 2012 at 12:23 am

This slideshow requires JavaScript.


“King of good times” – Kingfisher Airline has been going through a very rough phase almost if it were the “Badhsah of bad Times”. the recent news item referring to DGCA’s decision to de-register two of KF’s airline is another nail in the coffin. KFA (King fisher Airline) which is already in trouble with defaulting to Oil companies, Airport authorities and even to its staff, is suffering from a major cash and credibility crisis across the globe.
Consortium of Indian Banks have already refused to comply with KFA unreasonable demands and now it’s German Bank’s turn to turn its anger towards KFA.
It would not be a surprise if we get to hear that KFA is to go ahead with something similar to chapter 11 for bankruptcy protection in near future.

Hope of one billion !

In Business, Cricket on November 26, 2011 at 12:26 am

Whenever the little master comes to bat in a test match, every pair of keen eyes watches Sachin play. The way this match is progressing, it was quite obvious that this match will be remembered in history. However the little master have thought to wait before the historic innings. Sachin got out at 94 in the 1st inning against west indies.The newspapers and media is full of news of bollywood mourning and sachin’s fall in nervous nineties.

Soon the biggest news of Cyrus Mistry being appointed as Dy chairman of Tata group is history.  When Ratan Tata retires in dec 2012, Cyrus shall be at the helm of affairs. At this juncture when the world & Indian economy is at cross roads it would be quite a task for Tata chief.

Both Mr. Cyrus & Sachin are hope of one billion people of India.

Wish you Both good luck ahead !

ET about Cyrus

Sachin tendulkar , Cyrus mistry and rata tata

the little masters

Are you being duped?

In Anecdotes, Banking, Business, rants on March 10, 2011 at 10:31 pm

I open my mail and here it is. A whooping cash of Rs 3.5 Million waiting for me. And I was the one of the few selected from entire India,for this much cash prize.

The mail sent to me read like this…

An Official Invitation has been issued in your name. It confirms that you are amongst those selected from the whole of India, who may activate an exclusive Sweepstakes entry opportunity. If you are drawn winner of our Super Grand Prize, you’d have sole claim to a cash amount worth  35,00,000.00.

You may be surprised to know that in all of India, less than 1% of the households have been selected to receive a fabulous offer from Reader’s Digest. While many of your neighbours will never be selected, you have already been fortunate enough to clear two of the three stages there are to becoming a winner in our Rupees 1 Crore Sweepstakes 2011!

Now it’s all up to you to make the most of your opportunity. Simply click here to access the private web site to activate your Sweepstakes entry opportunity.

~ Sweepstakes Director

P.S. When people receive a Sweepstakes invitation — like the one you now have — they often decide to discard it, thinking, no one ever really wins. And it is a fact that if you choose to ignore the chance to enter the Rupees 1 Crore Sweepstakes 2011, you will NEVER win ANYTHING in the Draw. Don’t let this guaranteed opportunity slip away, just click here to access the site and you could win
35,00,000.00. Act quickly!

Since I can’t handle this much money. I offer you the prize 😉

**********************************************************************

 

no spam!

Image via Wikipedia

 

Now this mail was sent by a well known Job portal named as some famous magazine. Spamming my mailbox in the name of promotions!!! Outrageous, Intolerable!

 

Another Interesting Incident

Recently, I had experienced a spamming sequence which was unusual and the guy on the other side was persistently sending mails. My friend works in a well known bank. I had gone to his bank for some official work. While I had been there, He received a mail from an NRI customer, say Mr X. The mail said something Un-Interesting happened with Mr X. He said He had been to London for an official trip [he lives in London]. The hotel he was staying in was robbed, [mind it, hotel was robbed]. He lost his wallet, his documents and what all [he lives in london, why the hell ! he needed a hotel UNLESS… 😉 ]. He said, he had 2-3 Fixed deposits in that branch [the name actually had FD]. He asked very politely, to send those money through Western Union or Money gram. [ the bank has discontinued the services of Western Union or money Gram].

Branch manager replied very politely that the services are not available. Manager also asked him to quote his account number. No sooner did he reply, he got reply to his mail.

The bugger had replied with an account number alien to the branch 🙂 .

I casually asked the manager, Sir I think this is spam. He said, “Yes, I know. I’m just checking how far does he go?” 😀

Finally the guy on the other side understood, here it would not be possible 😀 😀

Moral of the Story

Beware of Spams particularly with your financial transactions. Never ever divulge details of your account number, password, username, date of birth etc to anyone, either through mail or Phone.

Banks would never ask these stuffs on Phone or mail.

P.S.  Don’t click on any link in the mail

Desh ki dhadhkan Hero Honda Splits up

In Business, News on December 16, 2010 at 8:51 am

World Largest motorcycle Maker Hero Honda shall no longer be together as

Hero Honda, but the two auto giant companies have decided to part ways, breaking 26 years long JV after Munjal gave a go ahead for the proposal. However their Technological collaboration shall continue till 2014, for which Hero group shall pay royalty to Honda to the tune of Rs 1400 crore per annum. As part of exit agreement Hero group shall buy 26% of stake in Honda group.

%d bloggers like this: