Free Market economy of More consumption and less growth!Sorry!Governor Rajan,you were already bankrupt and now you have to lose the job!
Indian economy is not doing good, reforms have slowed down: CII President
"The economy should have done a lot better. It can do a lot better. A reform like the GST would give the whole industry such a psychological boost that you would see a rapid pack of pick up in the economy," said CII President.
Despite Modi sarkar's tall claims, it's bure din for Indian economy!
Make in India, has become just"Make believe in India."
Palash Biswas
Less Growth!More Consumption under Free Market!
China economic slowdown - The Telegraph
www.telegraph.co.uk › Finance › Recession
4 days ago
latest from the Yangtze River Delta ... columnists give their opinion on China's economy in the final video ...
Why is China's Economy Slowing Down? - The Real News
therealnews.com/t2/index.php?option...
LI: Well, the Chinese economy, of course, has been suffering from this overcapacity .... There is more in my ...
Alibaba's Jack Ma: Next year 'tough' for China economy
www.cnbc.com/.../singles-day-an-example-of-china-co...
Nov 11, 2015
He said the Chinese economy will only be sustainable once it is "clean" and "transparent," and the next ...
China's economic woes provide India with 'great opportunity ...
www.washingtontimes.com/.../chinas-economic-woes-...
Sep 3, 2015
India's economy has long labored in the shadow of its great Asian rival, but ... that of India, while the ...
"Companies will need a new playbook to capture the coming wave of growth."
3 great forces changing China's consumer market
Dec Factory Activity Shrinks
ET reports:Ending a 25month expansion run, manu facturing activity in India contracted in December, indicating that a festivalrelated surge may not be sustainable. The Nikkei India Manufacturing Purchasing Managers' Index dipped to 49.1 in December from 50.3 in November.
Whatever his credit hyped so much so,I never considered RBI Governor Rajan an economist who had been the supreme financial manager subordinated to corporate lawyer of the Dow Chemicals and he had been engaged to manage the rate so often as a Bankrupt without having the Raj so ever and it meant no production at all and it meant to ensure free flow of foreign capital and foreign interest only for the Free Market of More consumption and less growth!
I am afraid to say a spade a spade only and I have no obligation to be politically correct and it is the truth despite the so much so media hype about Bull Rune managed to project growth and development at the cost of humanity and nature for imminent man made disaster as we see no end of calamities in sight.The ethnic cleansing to rape the nature,the open loot Farrukhabad has to legal and this legislation for disaster and only disaster is defined as economic reform by the ruling children of black Money neoliberal hegemony racist,brute and inhuman!
It is not a news for me as the National Disaster Management Authority has attributed to the increase in earthquake risk in the region due to a spurt in developmental activities driven by urbanization, economic development and globalization. ( See more at: http://indianexpress.com/article/explained/manipur-quake-seismic-warning-for-the-north-east/#sthash.yajr2FW2.dpuf)
However,New chiefs are scheduled to be appointed at the Australian and Malaysian monetary authorities, while the Indian central bank governor's term is also up.As this year will herald a changing of the guard among some central banks in Asia, right at a time when the region's economy is facing significant headwinds.Mindy you as it is very very noteable that the changes will come as China's slowdown continues to reverberate, the commodities slump is expected to linger and Asia's policy makers are tipped to cut interest rates further even as the US Federal reserve is tightening.
U.S. China - Bloomberg
www.bloomberg.com/.../yen-rises-as-investors-monito...
2 days ago
Global Stocks Sink on China, U.S. Growth Concerns .... drive a 2.4 percent slump in the MSCI Asia Pacific ...
China Halts Stock Trading After 7% Rout Triggers Circuit ...
www.bloomberg.com/.../chinese-stocks-in-hong-kong-...
2 days ago
The worst-ever start to a year for Chinese shares triggered a trading ... a 2.4 percent slump in the MSCI Asia ...
China's Two-Speed Economy Stays Intact as Factories Slump
www.bloomberg.com/.../two-speed-china-economy-int...
2 days ago
China's economic rebalancing remained intact as the first economic reports of 2016 signaled manufacturing ...
The dragon is melting down as the Chinese walls are wide open for slump now which threaten to inflict not only India but the developed economies also!No walling with sand should stop it because it is by default resultant due to the habitual masterbation practice without any productive culture whatsoever just to maintain the plastic cash flow in digital biometric robotic nations under surveillance and virtual military rule in an environment of Total 1984 mode,suspending human as well as civil rights to kill the humanity and nature both!
Meanwhile,Over the last year, exports have dropped by 16.52 per cent. In November 2015 alone, exports crashed by 24 per cent or $20 billion. In the first nine months of 2015, Indian exports declined by 17 per cent, while world exports fell by 11 per cent.
What about increases in Foreign Direct Investment (FDI) which the finance minister claims? According to Emkay Global, FDI, instead of of increasing domestic manufacturing, has contributed to increasing imports.
Job creation, in the face of large-scale unemployment, is critical.
In April-June 2014, new jobs created in eight major sectors of the economy were only 1.82 lakh. In the next quarter, job creation dropped to 1.2 lakh. After that, in the following quarter, job creation slumped to 64,000 jobs. By April-June 2015, new job creation contracted to only 43,000.
Jaitley cites that the revenue collection has gone up. But this is because of a revenue target of 18.8 per cent, which in this economic context, could turn out to be inflationary.
Meanwhile,The proposed Goods and Services Tax law that will subsume all indirect taxes like excise duty, service tax and sales tax into one uniform rate, is stuck in the Rajya Sabha where the ruling NDA government lacks majority.
The opposition Congress is demanding three major changes in the bill and stalled the passage of the Constitution Amendment Bill in the last two sessions, derailing government's plan to roll out GST from April 1, 2016.
No less than one spokesperson of free market economy Bibek Debroy writes:
As we enter 2016, I wish to focus on an area that is relatively ignored in the Indian economy: public expenditure. The term not only includes Union-level expenditure scrutinised in Union Budgets, but also state-level and local body expenditure, financed through own resources or through devolution. The year 2015 was a distorted year for this public expenditure.
The year 2016-17 will remove this uncertainty, at least so far as Union-State devolution is concerned. There are now core schemes (there is something called core of the core, but we can ignore that) and optional ones. Every state has to implement a core scheme, but can choose to opt out of an optional one. This is for centrally-sponsored schemes, where states have to provide a matching grant. Other schemes continue as central sector schemes. There are 30 such centrally-sponsored schemes.
But there are three reasons why 2016-17 will be difficult for states. First, there will be recommendations of existing, or new, state-level Finance Commissions to suggest what states should do with the untied funds they will now get, including devolution to local bodies. Second, state-level budgetary nomenclature and heads will have to be completely aligned with this new set of conditions. In many instances, state-level departments will have to be rationalised and harmonised. Third, all these new schemes are "umbrella" ones.
Historically, states have always complained, for valid reasons, about rigidity of templates devised in Delhi. By making them "umbrella", there is greater flexibility, but compliance requirements are also more, since there has to be a greater link to tangible improvement in outcomes.
Today, most states lack the capacity to immediately do all this. Therefore, I suspect few will immediately opt for optional schemes. In 2016-17, as a country, we will have to figure out ways of handling this overturning of an institutional mechanism that has lasted for more than six decades.
To complicate matters, let me now bring in Sustainable Development Goals (SDGs), to be achieved by 2030. There are 17 goals, with several targets under each goal. India has to figure out means of getting data (where targets are specific) and quantifying and means of getting data (where targets are more imprecise). This is especially true in social sectors, where we have a data problem.
Some of it is about a time-lag; the rest of it is about the quality of data per se. Take the phenomenon of GDP numbers. There is no denying that the new GDP series is better than the old one. Nevertheless, we still have a huge problem with unorganised sector data for national income accounts.
It's really satisfactory for organised manufacturing alone. There is discussion about whether we will end 2015-16 with seven per cent real GDP growth or eight per cent. These are real growth numbers.
Though I am simplifying a bit, in all probability, there will be little difference in nominal growth numbers between the two points of view, seven per cent versus eight per cent. In other words, we have a problem with the deflator used to go from nominal to real.
This again underlines the data problem. There is talk of removing tax exemptions, incentivising employment creation or start-ups and introducing satisfactory exit (bankruptcy) provisions. In each such instance, there is a problem with data, partly ascribed to the fact that India is still largely an informal/unorganised (not to be confused with illegal) economy.
While the transition to formality is a function of development and takes time, I think the data problem does need to be addressed in 2016. There was a statistical commission report in 2001.
Sadly, most gaps pointed out in 2001 still remain.
(Courtesy of Mail Today.)
How funny it should sound despite the claim of business friendly governance of Hindutva!
Here you are!
INDIA TO BEAT CHINA IN ECONOMIC GROWTH IN 2016
https://www.youtube.com/watch?v=IB5N9mK1d7I
Jul 19, 2015 - Uploaded by bmtoday
According to the latest report by the International Monetary Fund (IMF), India will be the world's fastest growing ...
Indian economy to grow at 8.1% in 2015-16: UN report ...
www.moneycontrol.com › News
May 16, 2015
Indian economy is likely to clock 8.1 percent growth in the current ... is forecast to accelerate to 8.1 percent in ...
India Beat China Again As Fastest-Growing Economy In 2016
https://www.youtube.com/watch?v=PYu3QaMCZ2g
Jul 11, 2015 - Uploaded by News Express
India will be the world's fastest growing economy for the second consecutive year in 2016 at 7.5 per cent ...
IMF slashes India's GDP forecast to 7.3% for FY16
www.ibtimes.co.in › Economy
Oct 7, 2015
India would remain the fastest growing economy in the world even if it ... of GDP in the current financial year ...
'India to grow @ 6.3% in CY15, will overtake China by 2016 ...
www.moneycontrol.com › News
Dec 4, 2014
The brokerage firm sees India overtaking China as the fastest-growing large economy in the world by 2016 ...
Indian economy to grow 7.5% in 2015, 8% in 2016: Fitch ...
economictimes.indiatimes.com › ET NOW › Daily
Sep 30, 2015
Fitch Ratings has revised India's growth estimates for 2015 and2016. Fitch Ratings now expects the Indian ...
India Will Be Fastest Growing Major Economy by 2016 ...
https://www.youtube.com/watch?v=gtHWLIhEJRg
May 3, 2015 - Uploaded by Video Film Files
On the heels of China posting its lowest GDP growth rate in almost 25 years, the International Monetary Fund ...
Indian economy to grow 7.5% in 2015, 8% in 2016: Fitch
timesofindia.indiatimes.com › Videos
Sep 30, 2015
Fitch Ratings has revised India's growth estimates for 2015 and2016. Fitch Ratings now expects the Indian ...
Indian economy to grow 7.5% in 2015, 8% in 2016: Fitch ...
https://in.finance.yahoo.com/.../indian-economy-grow-...
Fitch Ratings has revised India's growth estimates for 2015 and2016. Fitch Ratings now expects the Indian ...
Indian economy to grow 7.5% in 2015, 8% in 2016: Fitch ...
https://in.finance.yahoo.com/.../indian-economy-grow-...
Fitch Ratings has revised India's growth estimates for 2015 and2016. Fitch Ratings now expects the Indian ...
2015 Review of the Indian Economy - YouTube
https://www.youtube.com/watch?v=PAYG0-PdXZE
Mar 11, 2015 - Uploaded by imf
The Indian economy has bottomed out and is on a revival path, with growth strengthening, helped by positive ..
Thus,Indian economy is not doing good, reforms have slowed down,cries the CII President!
"The economy should have done a lot better. It can do a lot better. A reform like the GST would give the whole industry such a psychological boost that you would see a rapid pack of pick up in the economy," said CII President.
Sorry!Governor Rajan,you were already bankrupt and now you have to lose the job!
"It (the economy) should have done a lot better. It can do a lot better. A reform like the GST would give the whole industry such a psychological boost that you would see a rapid pack of pick up in the economy," the CII President told PTI in an interview.
Asked whether there was a slowdown in the reforms over the last few months, Mazumder said: "There is a slowdown but the reforms are still going through. So, it is not as if the reforms have totally stopped".
He said the "pace of reforms will pick up once Parliament knows how to function".
On GST logjam, he said, "GST has been a huge disappointment because everybody recognises the benefits of GST, on how the GDP will be impacted positively and ease of doing business will go up by quite a few notches...
"This logjam in Parliament has been a very big disappointment and sometimes you have got to draw a line between politics and what is good for the country."
Sharing the wish list for the Budget, Mazumder said a major thrust is required by the government to stimulate rural demand and boost infrastructure development.
He also urged that the phased corporate tax reduction to 25 per cent from the prevailing 34 per cent be done in tandem with removal of allowances.
"We would like to see him (FM) take some initiatives where demand gets a stimulation because that is a major concern right now. We would request that reduction of corporate tax and removal of allowances be done in tandem.
"We would like to see continuation of investments that are being made by the government right now and by the PSUs. However, the fiscal deficit must be maintained, that should not be sacrificed and one of the ways to do it would be through disinvestment. We want to see a lot more impetus on infrastructure and construction," Mazumder said.
The industry is looking forward to lower interest rates, he said, but added that he does not expect any more reduction in interest rates in the current fiscal because the rupee is not performing well.
"We won't see any big bang reduction in interest rates but it will be in small increments like last year," he said.
The CII President also pointed out that steps taken towards "ease of doing business have been translated onto the ground".
Budget 2016: Government might break its budget deficit targets to stimulate demand
Economic Times - 11 hours ago
NEW DELHI: India claims to be the world's fastest-growing major economy, yet the government might break itsbudget deficit targets to stimulate demand, potentially undermining the central bank's fight against inflation. Statistically, Asia's third ...
Government Weighing Fiscal Stimulus in Budget, Says Report
NDTV - 10 hours ago
New Delhi: India claims to be the world's fastest-growing major economy, yet the government might break its Budget deficit targets to stimulate demand, potentially undermining the Reserve Bank of India's fight against inflation. Statistically, India ...
Budget 2016: Govt may raise fiscal deficit targets to boost demand
International Business Times, India Edition - 8 hours ago
The Narendra Modi government is reportedly examining proposals to revise up the fiscal deficit targets in a bid to boost domestic demand, even as it claims India as the world's fastest-growing economy. Such a move could severely undermine the efforts ...
FM Arun Jaitley weighs relaxing fiscal deficit targets in Budget
Business Today - 9 hours ago
The government might break its budget deficit targets to stimulate demand, potentially undermining the central bank's fight against inflation. Statistically ... Bhanumurthy says ideally India should use producer prices for calculating the deflator. But ...
Govt Weighs Fiscal Stimulus In New Budget Despite Fast Economic Growth
BW Businessworld - 10 hours ago
05 January, 2016 by BW Online Bureau. Print this article Font size -16+. Advertisement. Indiaclaims to be the world's fastest-growing major economy, yet the government might break its budgetdeficit targets to stimulate demand, potentially undermining ...
Baseline Scenario: After a gloomy mid-year picture, RBI's brighter growth ...
The Indian Express - 22 hours ago
Last month, the Mid-Year Economic Review had sharply lowered projection for this year's nominal GDP growth rate to 8.2 per cent from 11.5 per cent assumed in the Budget and stated that real GDP growth rate for next year is unlikely to be significantly ...
Raising Excise On Petrol And Diesel Again Shows Govt Is A One-Trick Pony
Swarajya - 12 hours ago
And that is clearly not a good sign as we enter 2016. Dear Reader,. While you, me and ... On 11 November, 2014, when the excise duty on petrol and diesel was increased by the Narendra Modi government for the first time, the price of the Indian basket ...
Jan 05 2016 : The Economic Times (Kolkata) reports:
India in Lockstep with China's Great Leap Downward
Mumbai: Our Bureau |
DROP ZONE Sensex sheds 537 points in tandem with other markets on worries about a slump in China and fresh tensions in Middle East
A wave of liquidation lashed Indian and global financial markets on Monday as worries about a downturn in China and fresh geopolitical tensions in the Middle East spooked investors. India's key stock indices were pummeled more than 2% -their highest single-day fall in three-and-a-half months -as foreign investors, worried about the impact of weakening emerging market currencies on the value of their holdings, dumped Indian stocks. Foreigners' bets on the Nifty in the options segment point to expectations of another 2-4% fall in the index in the near term.
China's Shanghai Composite In dex plunged 7% after weak manufacturing data dragged down shares, prompting the country's stock exchange to halt trading. The Chinese central bank's move to fix the yuan at a four-and-a-half year low added to the worries. The turmoil in China rubbed off on the rest of Asian and European markets.
The BSE Sensex dropped 537 points, or 2.05%, to close at 25,623 on Monday, its steepest fall since September 22. Nifty declined 171 points, or 2.16%, to end at 7,791. The decline in India's manufacturing activity in December for the first time in more than two years also intensified worries about the health of the Indian economy. Provisional data from the BSE showed that foreign funds sold Rs 670 crore worth of Indian stocks on Monday.
Asian Stocks Open Mixed After China Manufacturing, Share Slump Roiled Global ...
International Business Times - 17 hours ago
RTS8TY Investors talk in front of an electronic board showing stock information at a brokerage house in Shanghai, China, Sept. 9, 2015. On Tuesday, Asian stocks headed down for a second day after a stock slump in China on Monday roiled global markets.
Dow Jones and TSX slump after China halts trading due to huge dive
CBC.ca - 22 hours ago
Stock markets in Toronto and New York were sharply lower today after Chinese stocks plunged by more than seven per cent, triggering an automatic shutdown of trading in China. The Dow Jones industrial average closed down about two per cent or 276 ...
Crisis in China triggers global stocks slump
Belfast Telegraph - 11 hours ago
The sell-off in China was sparked by yet another report of poor performance in the manufacturing sector in the world's second biggest economy, which shrank for a 10th consecutive month in December and by a faster pace than in November, sparking ...
Emerging assets slump on China selloff as Iran-Saudi ties sour
Chicago Tribune - 20 hours ago
Emerging-market assets sank as a bigger- than-forecast slump in Chinese manufacturing fueled concern that the nation's economic slowdown will curb global growth and escalating tension between Saudi Arabia and Iran underscored geopolitical risks in the ...
Global Stocks Sink on China, U.S. Growth Concerns
Bloomberg - 21 hours ago
In Asia, Japan's Topix index slid 2.4 percent to drive a 2.4 percent slump in the MSCI Asia Pacific Index as China's CSI 300 Index slid 7 percent, spurring a trading halt. New Zealand's S&P/NZX 50 Index, the first major stock gauge to get going each ...
What China's slump means for Indian companies
Economic Times - 17 hours ago
Just when things were settling down after the rate hike by US Fed, a sharp contraction in the purchasing manager index ( PMI) of China has again begun to haunt global markets. After the data was released, the Chinese market hit a lower circuit of 7%.
7 Percent Drop Closes Chinese Stock Markets; U.S., World Markets AlsoSlump
NPR - Jan 4, 2016
China's stock markets stumbled badly on the first day of trading in 2016, with a 7 percent plunge forcing a market shutdown. The trigger mechanism that cut the day short in Shanghai and Shenzhen was created in response to last year's market crash ...
Global stocks begin 2016 with China growth hangover
Yahoo News - Jan 4, 2016
New York (AFP) - Fresh evidence of China's economic slowdown sent world stock markets tumbling on Monday, with Europe and the United States following Asia sharply lower in a gloomy start to 2016. ... Milan slumped 3.2 percent and Paris shed 2.5 percent ...
China stocks rout on first market day of 2016 trips national trading halt
Reuters - Jan 4, 2016
And more weakness may be in the cards on Tuesday if the behavior of a U.S. exchange traded fund tracking mainland China shares is a guide. The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF slumped nearly 9 percent in midday U.S. trading, ...
Stock markets slump after China troubles
MoneySense - Jan 4, 2016
TORONTO – Stock markets around the world got off to a bad start in the first day of trading for 2016, sparked by a sharp drop in China that triggered a new "circuit breaker" mechanism that closed trading early to limit losses. The Toronto Stock ...
Stock markets slump around the world after Beijing share price collapse
Daily Mail - 22 hours ago
Fears remain for global share markets after stocks plunged 7 per cent in China, causing a ripple effect that wiped nearly £40billion off the value of leading UK firms yesterday. The poor start to trading for 2016 hit the DOW and FTSE 100, both of which ...
China Hits Wrong 7% Target as Stocks Slump: Chart
Bloomberg - Jan 4, 2016
Understanding the motivation of China's momentum-driven investors is always tough to do. But Monday's drop likely reflects the idiosyncrasies of the market more than the fundamentals of the economy and exchange rate. That means the impact on global ...
Slump in home market drags down US-traded Chinese stocks
China Daily - 16 hours ago
Trading in mainland on the first day of the year closed earlier than expected , as a 7 percent slumpof Shanghai - and Shenzhen-listed blue chips triggered circuit breaker mechanism . The benchmark Shanghai Composite closed at 3,296.26, down 6.9 ...
China shares slump 7%, trading halted for rest of the day
Hindu Business Line - Jan 3, 2016
China's benchmark CSI300 share index tumbled 7 per cent on the first session of 2016 on Monday, prompting the stock exchange to halt trading for the rest of the day. The "circuit breaker" suspension mechanism first came into effect on Monday.
China share trading halted for the day after 7% slump activates circuit breaker
Channel News Asia - Jan 4, 2016
SINGAPORE: Trading in China's stock markets has been halted for the rest of the day, after a 7 per cent plunge in the blue-chip CSI300 index in the afternoon trading session triggered a circuit breaker mechanism which came into effect on Monday (Jan 4).
China Halts Stock Trading After 7% Rout Triggers Circuit Breaker
Bloomberg - Jan 3, 2016
The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures and options, putting the nation's new market circuit breakers to the test on their first day. Trading was halted at about 1:34 p.m ...
China stocks slump in gloomy start to 2016
Reuters - Jan 3, 2016
SHANGHAI Jan 4 China stocks slumped more than 3 percent on the first day of trading in 2016 after weak factory activity surveys soured hopes that the world's second-largest economy will enter the new year on better footing. Investors also dumped ...
China stocks slump 4 pct in gloomy start to 2016 on weak factory data
Economic Times - Jan 3, 2016
A private survey showed China's factory activity contracted for the 10th straight month in December, and at a sharper pace than in November. An official survey on Friday, which focuses on larger, state-owned firms, showed a fifth month of contraction ...
China stocks slump 7pc on opening day of 2016, trading halted for first time
ABC Online - Jan 3, 2016
The Chinese share market has been forced to close early after stocks tumbled on the first day of trade for the year, triggering a new "circuit breaker" mechanism. The system, which came into effect today, forces the market to close if China's CSI 300 ...
Stocks slump as China selloff halts trading
Moneyweb.co.za - Jan 4, 2016
The slump in developing nations harks back to financial turmoil in August that was fueled byChina's devaluation of the yuan. It shows the pace of growth in the world's second-largest economy will remain key for markets in 2016 after a slowdown last ...
China's economic slowdown triggers global stocks slump
Raw Story - Jan 4, 2016
Fresh evidence of China's economic slowdown sent world stock markets tumbling on Monday, with Europe and the United States following Asia sharply lower in a gloomy start to 2016. Shanghai equities plunged seven percent, leading an Asian meltdown, ...
U.S. Stocks Tumble After Selloff in China Renews Growth Concern
Bloomberg - Jan 4, 2016
McGraw Hill Financial Inc. and Huntington Bancshares Inc. fell the most, losing more than 3.2 percent. An index tracking bank stocks slumped 2.6 percent to the lowest since Oct. 21, and traded with volume 58 percent above their 30-day average ...
China Stocks Slump 7% on Weak Data Surveys
Fox Business - Jan 4, 2016
Chinese stock markets tumbled 7 percent in their opening session of 2016 on Monday as weak factory activity surveys and falls in the yuan added to concerns about the struggling economy, forcing exchanges to suspend trade for the first time. Early ...
Charting the Markets: China Rout Ripples Across Stock Markets
Bloomberg - Jan 4, 2016
Global equities dropped after a 7 percent decline in Shanghai forced China to halt stock trading and Saudi Arabia severed ties with Iran, spurring a flight to haven assets. The MSCI Asia Pacific Index sank as much as 2.2 percent, the most since Sept.29.
Dow, Nasdaq and FTSE among markets spooked by Chinese stock slump
International Business Times UK - 20 hours ago
More than £38 billion was wiped off the value of London's FTSE 100 index while in Europe and the US, markets were spooked about the state of the Chinese economy in 2016's first day of full trading. Germany's share index the DAX posted its worst start ...
China stocks slump 4%
Business Spectator - Jan 3, 2016
China stocks have started 2016 on a rough note, slumping 4 per cent after weak factory activity surveys soured hopes that the world's second-largest economy will enter the new year on better footing. Investors also dumped stocks ahead of the imminent ...
China Slump, Selloff in the First Trading Day of 2016 Are Exaggerated
TheStreet.com - Jan 4, 2016
Well, nobody said that rebalancing China's huge economy toward domestic consumption to rely less on exports for growth would be easy. The first day of trading of 2016 proves just this point -- but the markets' reaction to what happened in China is ...
China stocks slump 7 pct on opening day of 2016, trading halted for first time
Reuters UK - Jan 3, 2016
(Adds trading halted for day after slide of 7 pct). * Trading halted as CSI300 slumps 7 pct, circuit breakers hit. * Two surveys point to shrinking China factory activity. * Investors worry about a glut of share supplies. * Further losses in yuan add ...
China suspends stock trading on first day of 2016 after 7% slump activates ...
International Business Times UK - Jan 4, 2016
Chinese stock trading was halted on the first day of trading in 2016 after the CSI300 index plunged by more than 7%. The CSI300 of companies listed in Shanghai and Shenzhen fell as much as 7.02% at around 1.28pm local time on 4 January, triggering the ...
Stock futures fall after China slump renews growth concern
NorthJersey.com - Jan 4, 2016
U.S. stock-index futures tumbled to start 2016, as a rout in Chinese equities renewed concern that an economic slowdown there will damp global growth. Investors returning to the market after the New Year holiday are facing a selloff that spread from ...
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| 5-minute read
Why goods and services tax is no magic
The logic of growth slumps owing to a five-storey GST.
MONEY
| 3-minute read
Why Raghuram Rajan will remain stingy on lowering interest rates
Anything above a 25 basis points cut in rates will be too much to ask for from the RBI governor as he sits for a monetary policy review next week.
MONEY
| 4-minute read
How cheap Chinese goods are bad for India
A percentage point in growth here or there does not mean that the elephant is poised to catch up with the dragon.
MONEY
| MISCELLANY | 5-minute read
Why is our success dependent on the business school we attend?
The moment you are in line for something serious you start stepping on a fair number of toes.
MONEY
| 4-minute read
My disinflation is actually your deflation
Household surveys show that nobody believes there will be negative inflation.
MONEY
| 5-minute read
Is weak rupee still a national shame for PM?
Technically, by advocating a perennially strong Indian currency, the Modi-Jaitley duo has been supporting British colonial economic policies.
MONEY
| MISCELLANY | 4-minute read
ET's headline, not Ireena's exit from Axis Bank, reeks of gender bias
She left the board for no other reason but her husband's stewardship of a company with which her own now has a commercial transaction.
MONEY
| 6-minute read
Why start-ups like Flipkart are worth more than Tata Motors
E-commerce, mobile wallets, payment banks, driverless cars will transform the way we work, consume, travel and pay.
MONEY
| 4-minute read
What payments banks, Bandhan can do for inclusion
The new banks can achieve in rural India what conventional ones could not in all these years.
MONEY
| Long-form
India's Chinese takeaway: Turning adversity into opportunity
The RBI must loosen monetary policy to spur both consumer demand and corporate investment.
MONEY
| 3-minute read
Is China cooking a contagion?
Global investors did not perceive this to be prudent for a country that barely a few weeks ago saw stock markets wiping out about four-trillion-dollar capital.
MONEY
| BEIJING DIARY | 3-minute read
Why Chinese stock market crash may not yet signal a crisis
An expert pointed out that it followed what was an inexplicable bull run at a time when the country's economy was clearly slowing down.
MONEY
| 5-minute read
Market crash: Don't panic
In all the gloom, there is one good news.
MONEY
| 4-minute read
Mood of the nation poll: It's now or never for Modi on black money
Indian investors are bringing illegal funds on a large scale through P-notes into the Indian market via tax havens.
MONEY
| Long-form
What Mr Modi should do in Silicon Valley, instead of being a rock star
The PM's upcoming visit must lead to new initiatives to create conducive ecosystem in and around Indian universities to boost start-ups.
MONEY
| 4-minute read
Why Vizhinjam Port matters to Kerala
With rising unemployment, the state needs a fresh spate of investments to make it truly God's own.
MONEY
| 4-minute read
What devaluation of yuan means for India
RBI may be concerned that if rupee goes into a phase remotely resembling the free fall of August 2013, it may have to jack up interest rates.
MONEY
| 3-minute read
Five big economic landmarks since independence
Of late, India has also emerged as an assertive voice of the developing economies of the world.
MONEY
| BEIJING DIARY | 4-minute read
Why Foxconn is a landmark in Modi's Make in India
The Taiwanese electronics giant has over the past few years established a global reputation as perhaps the most key supplier for Apple products.
MONEY
| 3-minute read
Why Chinese tremors will rock Indian companies like Tata Motors
China is one of the biggest consumers of products, and any adversity can cause much pain for firms with an exposure there.
MONEY
| 4-minute read
How a lizard and snake stopped Adani's project
India needs to learn from Australia, where survival vulnerability of endangered species stopped a gigantic coal project.
MONEY
| BEIJING DIARY | 6-minute read
Can a falling China mean India shining?
Of course, there are going to be ups and downs.
MONEY
| 4-minute read
Mr PM, time to ride on retail
This is an opportunity for the central government to redeem itself by carrying out significant economic reforms.
MONEY
| BEIJING DIARY | 2-minute read
Why are Indian and Chinese millionaires fleeing overseas?
A report presents a fascinating snapshot of why the world's rich leave their home countries.
MONEY
| 3-minute read
How government will put economy at risk if it clips RBI's wings
Compromising its autonomy would be a first in India's history.
MONEY
| BEIJING DIARY | 3-minute read
Financial Times sale: Japan's Nikkei, China's envy
For more than a decade now, Beijing's Mandarins have dreamt of such an acquisition the Japanese have tasted success with.
MONEY
| 4-minute read
Why Lupin's Gavis acquisition is a big deal for India Inc
It brings to the fore how entrepreneurship in life sciences can be as rewarding as in IT, telecom and e-commerce, that seem to be in vogue across the globe.
MONEY
| 4-minute read
Who's afraid of BRICS bank?
All eyes will be on the new institution to see if it can actually deliver as competing with the IMF and World Bank would not be a cakewalk.
MONEY
| 4-minute read
In Greece, wise men speak and fools decide
Doesn't the tale of monastery-government nexus in Greece look like an umbilical twin of India's Vadra-Adarsh scam?
MONEY
| 6-minute read
Why now is not a good time to buy new property
Real estate prices will have to fall more if the huge amount of unsold inventory of homes needs to be sold.
MONEY
| BEIJING DIARY | Long-form
The great fall of China
The crash in Beijing's stocks and prospects of a prolonged slowdown have worrying consequences for the region.
MONEY
| 3-minute read
Why high retail inflation is bad news for India Inc
RBI may not reduce interest rates in its August policy review as poor monsoon drives food prices up.
MONEY
| 4-minute read
China's Harshad Mehta moment
In the early 1990's, Mehta had triggered the biggest bull run in the Indian stock market followed by a massive debacle causing a loss of more than Rs 4,000 crore.
MONEY
| 3-minute read
Lessons for India from the Chinese stock market crash
Investors should be wary of irrational exuberance when betting on the markets.
MONEY
| 5-minute read
Why Greek crisis didn't affect Indian economy
Any further slowdown in EU's bigger economies would, in fact, adversely impact the overseas demand of our goods.
MONEY
| 3-minute read
How Greece's resounding 'no' to EU bailout sets a new precedent
The fault seems to be the assumption that countries will continue to remain indebted and can be arm-twisted into implementing tax hikes and spending cuts.
MONEY
| 3-minute read
Why Moody's views should be a wake-up call for Modi government
The global ratings agency 'Inside India' report identifies slow reforms as the biggest threat to India's macroeconomic story.
MONEY
| Long-form
Mr Modi, just how do you plan to get youth the jobs?
Educating the huge number of illiterate people is the riddle that the PM must solve to make India skill capital of the world.
MONEY
| MACRO MATTERS | 3-minute read
Why inflation numbers leave you confused
Some prices have fallen and others risen, but the numbers do not capture how you experience price changes.
MONEY
| MACRO MATTERS | 3-minute read
Why being a skilled worker is not enough to get the coveted job today
The success of Modi government's 'Skill India' will depend on delivering the right combination of skills that companies need - at the shop floor and executive levels.
MONEY
| 2-minute read
Why Deutsche Bank's Anshu Jain had to go
Undoubtedly, the operating environment wasn't easy for the co-CEO to have a smooth sailing.
MONEY
| 5-minute read
Goldman Sachs analyst death: Why the Wall Street culture is not entirely 'evil'
There is always the option of moving out of a place of occupation if we do not like the work environment.
MONEY
| MACRO MATTERS | 3-minute read
Why talking up markets won't get good rains
Finance minister Arun Jaitley tries to dispel fears about deficient monsoon, but there is no running away from the truth.
MONEY
| MACRO MATTERS | 4-minute read
Why corporate India is unhappy with RBI rate cut
The industry feels Raghuram Rajan should have accorded growth a higher priority, with deeper interest rate cuts.
MONEY
| 4-minute read
What Flipkart-Snapdeal owners' Twitter spat reveals about India's job hiring
The controversy involving Sachin Bansal and Rohit Bansal raises larger questions on talent creation and retention in the country.
MONEY
| 5-minute read
Why income tax net expansion is key for Jaitley's finance policy
This would naturally mean encouraging investments to spur growth and create more jobs in the economy.
MONEY
| 6-minute read
India's real estate market is being run by crooks
The system as it currently stands is totally rigged against the buyer.
MONEY
| MACRO MATTERS | 4-minute read
Why is Modi government eyeing your gold?
India's vast hoard of the yellow metal can be melted and reused to make new jewellery - this will reduce the state's pressure to import it.
MONEY
| MACRO MATTERS | 5-minute read
We need Make in India, Korean style
Since mid '90s, Korean companies have illustrated how PM Modi's pet project is indeed possible.
MONEY
| 7-minute read
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