I have moved to www.pramodthomas.com

Wishing you a wonderful 2010
I have moved to www.pramodthomas.com

You can read my articles there

Expecting your support

Pramod Thomas.

I have moved to www.pramodthomas.com

Dear All,

Wishing you a wonderful 2010

 

I have moved to www.pramodthomas.com

You can read my articles there.

Expecting everyones support.

 

Pramod Thomas.

I believe or Happy Newyear

I celebrated christmas in style. Just wrote two poems about christ. Watched the movie taxi driver in my friend's laptop.Me,papa and mummy had lunch together.After all I think christmas is all about joining together.This time my brother was not in the home.He just completed his Diploma in Nursing and now in Bidar to collect his certificates.He asked me to prepare a crib, which we always do in christmas, but I declined. For me getting his certificate is more important than celebrating christmas.

I long felt that I am always at the receiving end of grief so I can't celebrate any of the festivals. Some days I may feel that I have talent and I will do something remarkable in my life.But then I realise that there is nothing in me and I am nothing and will remain so. Like my friend faisal told other day that I am full of dreams. It's true and it is the fact that I am full of dreams.Since I am full of dreams the pain I suffer is more than anyone.

In this christmas I prayed alot to get over from all these grief and frustrations. Before christmas I wrote one piece about my life-It is like this: It is a story, but in other words it is not a story. It is a chapter of my life. My life don't have so many chapters. I don't have so many memories too, only a fistful of memories. That too bad even more bad. I was always ambitious. Dreaming is the only remedy to my problems, I always believed. During my school day's also I was a big dreamer. Dreams in my view would alleviate our pain. It will give us strength to go beyond all odds. Actually I started dreaming even before APJ Abdul Kalam urged us to dream big. Always my situations were my enemies. They always stood against me and made me cry. Only I was there to cry for me.

 

I hope this christmas would bring me much happiness-Late christmas wishes to you all

May God bless you, May this season brings you and your family all happiness

 

We are heading towards a brand new life in 2010. Atleast I hope so. For me years are just numbers.The just pass through.I always believed in hard work. But there is not much success which urged me to work hard. I always believed that hard work would follow success but I can't taste the beauty of this sentence in my life. I quote frost'I have miles to go before I sleep, I have promises to keep'. Promises more of them are to myslef. I my 25 years in this earth I have lied somany times to myself. I pretended as a winner but I was not. I stood up with head high but only the silence of air was around me. Wind clapped for me. Trees waved their heads. No sparrow cried for me. Now I have reached before the doors of 2010. Beginning of the end of another decade. I have my dreams with me. Dream to become a famous writer. Dream to become a documentary director. Dream to become a famous blogger. Dream to become a successful man. Every new year I wish the same. But my wishes would become nothing and I will end up in sorrow.I wanted to publish my book.

You may think these things as stupid. But believe me it is not like that.

It is another chapter of my life. This is the postmortem of my 25 years and still also I am dreaming.I believe in the beauty of my dreams. Recently I saw the movie of will smith-The pursuit of Happyness. I liked it very much. I was always an admirer of good dialogues. I took them down in my small diary. I the movie there is a dialogue fraction which says happyness can only pursue....I liked the sentence because it's my opinion.

I am sorry, my intention was not to annoy you but wishing you a Happy and prosperous newyear. Just pursue your dreams.One day or other they will stand befor you as a real incident and smile at you till that moment don't stop working.Don't worry about me....I will just go through.

 

Wishing you a Prosperous 2010

FAQs on Stock Market-Beginner's Guide

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Indian market witness an upward trend

Mixed response witnessed in Indian Capital Market during the month of November. In terms of figures it was definitely an upward trend. Indian indices recorded a decent growth in November. Renewed buying interest and investor confidence along with some good news were the main factors behind the growth story. But the recent news of Dubai crisis affected not only Indian market but markets all over the world. Later it has been proved as an over reaction. The unsatisfactory monsoon during 2009 is another concern for Indian Capital Market. The growth figures of the country came as a relief for India Inc as a whole.
During November Bombay Sensitive Index recorded a growth of 6.48 percent against it's last month figure to close at 16926. Sensex was with in the range 15331-17290 in November. Nifty gained 6.81 percent against it's October closing and the rate is 5033. Buying interest witnessed across Midcap and Smallcap stocks. They increased by 6.67 percent and 6.57 percent respectively.
Buying interest spread across all sectors except reality. Recent Dubai crisis was the main reason behind the sell off in reality counter during November. Real Estate stocks were down by 4.36 percent. Metal stocks were the major gainers in November, up by 16.87 percent which is a record for the beaten down sector during the financial crisis. Auto sector was up by 11.26 percent, thanks to the auto buying interest expressed by Indian consumers. Health Care and PSU sector stocks were up by more than 8 percent.
Indian market continued to be the hot spot for FIIs during November also. They bought equities worth Rs. 5497 Crore. But the domestic Institutions continued their selling for the second consecutive month. Rs. 695.60 worth equities were sold by them in November. FII inflow played a lead role in the 1030 point increase in sensex. It is assumed that money pumping by FIIs will continue in the recent future owing to India's shining growth figures.
In the July-September quarter Indian GDP rate is at 7.9 percent which was unexpected by the street. In the first quarter the rate was 6.1 percent. Altogether India grew at a rate of 7 percent in this financial year sofar. There is confidence that we will achieve the projected target of 6.5 percent growth in FY09-10. The insufficient monsoon is major concern in the coming quarter. Due to this the farm growth will definitely decline which will have an impact on all other sectors. Mining, Manufacturing and Electricity were the major sectors contributed largely to the growth figures in the second quarter. Natural Gas production in the country increased significantly. Which is a silver lining in the growth story of India.
Reports are coming from Dubai about the recent crisis. Indian Indices over reacted when report about the crisis first came. During trading hours sensex was down by over 600 points and Nifty by over 200 points. But both Indices came back strongly and the severe reaction lasted only for one day. Dubai asked for a freeze on its US $ 80 billion debt due to troubles at Dubai World – the emirate's corporate arm. This came as a shock for the world. Primary reports said that it was the beginning of another financial crisis. But later the picture became clear and there will be limited impact on Indian market due to Dubai crisis.
Looking forward the dust over financial crisis finally settles down. Indian market emerged winner among developing nations-the continued FII inflow proves the same. Sensex started the year 2009 at 9721, the November closing figure is 16926 with an upward inclination. Sometimes there were selling pressure but Indian market overcame it in style. Now Indian investors can invest in Mutual Funds through NSE terminals. The inauguration of the same took place on 30th November. It is a drastic change in Indian capital market. It is believed that this move will increase retail participation in the market. Now investors can contribute to the growth story of India by investing continuously.

Politics of economy: 26/11:One year after

Politics of economy: 26/11:One year after

26/11:One year after

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Mutual Funds to be listed in stock market

In a move aimed at providing mutual fund investors more options to buy or sell units of mutual fund schemes, the Securities and Exchange Board of India (Sebi) allowed mutual fund schemes to be transacted through brokers of stock exchanges. This move is expected to reduce the transaction costs for investors compared with what they were paying before Sebi clamped down on distributor commissions. The step is also a relief to many mutual fund investors, deprived of services from distributors, who have been selling lesser equity schemes because of lower incentives. In August, the market regulator banned mutual fund houses from charging entry load or initial fees that found its way to distributors. Sebi said, instead, distributors should collect commissions directly from investors.

(Source: The Hindu Business Line)

Anna's first night

It was a saturday night
Anna was asked to undress herself. It was her wedding night.
She was sixteen then
First she removed her sari, the blouse after that she gently removed her underwear, her inner skin was whiter than the rest of the body.
Simon was eagerly watching her. His eyes became wider. At once Anna completed her undressing he hugged her hardly. His dress was only a single mundu, no underwear.
He kissed her. This was the first time Anna being kissed by a man on her lips.
Simon felt like kissing on a sponge. He then removed his mundu.
Suddenly sky started raining. Among dark hairs her vagina was like a hibiscus flower.
Simon lay over her and started kissing her lips and neck again and again. He squeezed her breast, which was like tender coconut.
When Simon found way into her body Anna started screaming. Simon closed her mouth. He then took a rosary and put it on her left hand and pressed it. Blood crawled down through her left thigh.
Anna was not Simon's first wife, but Clara was. On the first night when Simon started kissing Clara she became unconscious. She died on the first anniversary of their marriage.
Clara was Anna's elder sister. When she died some of the relatives came with the proposal and the marriage just happened.
Anna saw only darkness all around. Everything standstill, only Simon is working on her.When Simon was over her Anna started dreaming. The dream was also happening in the rain....
A man was dancing in the night. But he had no penis, instead of that he had vagina. He was half man and half woman. Suddenly the rain stopped. Then he became a complete man. His penis started growing, longer and longer by every minute. It became like a large snake. The man took a large knife and cut it. Black blood pumped from it. The man fell down and died.
Simon detached his body from her and like a wet tree, full of sweat, he lay down beside her.

Anna's first night

The Road

“Arun Veembur: A young writer hailing from Kerala and raised in Bangalore has tragically died while trekking in southwest China. He was working on a book here.Arun Veembur, 28, sustained serious injuries from a fall on Monday while hiking in the remote mountains near Dali, a city in the Yunnan province where he lived. It took a rescue team until Tuesday night to locate him. When the team arrived on the scene after a day-long search, it was too late, his friends and officials said.”

Death, a red lettered word
You were wandering all the time
through the road, less traveled
talking to history,
hearing it's whispers
Your mind was restless,
like a man in prehistoric era
You gave your insight to history
death was the reward
the impotent time was restless
it became standstill, sometimes fell down
the crying wind
dancing light
unknown language
all followed you,
but you were alone
gazing at the red flag all the time
you haven't got any sickle
but you reaped the fruits of history
History is mischievous
sometimes it's ugly too
the road to history is not built yet
You were alone
but the writer in you were not
he always liked adventures
and ran towards bullets
The bulletproof jacket of time was helpless
you died, with unfulfilled dreams
your words didn't come out
they rested forever in your throat
like a small bird in the nest
learning history is dangerous
loving history is even more dangerous.

After recession it is Insider trading scam in US

The news from US never ends. After recession now it is the time of Insider Trading Scam. In the beginning of this year India witnessed satyam scam, the market impact of which was very huge. Insider trading scam is one of it's kind but with bigger magnitude.
Global markets may meltdown due to the insider trading scam.There will be a deep correction in the markets. Recession was on it's verge of withdrawal from the globe but the new devil cause more damage to the market. Because of the sensitive nature of the market the downfall will spread as wildfire.

PSU stake sale; reaction continues in the market

The positive reaction in the market after government declaration of stake sale in PSUs continues for the second day. It seems that traders are reacting in a drastic way over the decision. According to the finance minister government will sell 10% of it's stake in profit making PSUs. Apart from that government is reviewing the FDI hike recommendation in aviation and insurance sector which also became a positive news in the market.
Rupee appreciation due to the weakness in the US currency is also one major reason for the upward trend in Indian bourses. All the sectoral indices except FMCG attracted buying interest. PSU stocks recorded a 4% hike in price. MMTC Ltd, State Trading Corporation of India Ltd,Rashtriya chemicals and fertilizers and Dredging Corporation of India Ltd are the major gainers among PSUs.
It is beleived that in the coming week also there will be increased buying interest in Indian market. In the global scenario European indices witnessed buying interest due to the upward trend in the US. American job report card says the country is performing well. This also played a major role in moulding trader sentimence across the globe.

Golden bubble!!!!!!!!!!!!

If anyone thinks that the gold prices will come down I hug them because I am also of the same view. I don't have any strong reasons to say but I believe that it will come down. Crude oil prices and Indian indices touched it's peak and then started to came down. The economic curve is like this. It often shows ups and downs.
Recently RBI has bought gold from IMF. We keep the 200 tonnes as a reserve of this country. We lost faith in dollar which is going weaker and weaker. India is the biggest consumer of gold in the global scenario. Due to the shy rocketing prices the retail participation decreased by 30-40%.
Increasing gold price hike is a ause of worry for Indian households. Dowary is considered as a crime in this country but it is very common among people. If gold price again rises so many young girls will never be married.
If investor confidence is back and the markets come back to it's green zone there will be a slight fall in glod prices. But in the recent future there is no possibility of a correction.

Govt approves disinvestment

Now the path is clear. As it is declared earlier UPA governemt going to disinvest in PSU companies. After the cabinet approval government is going to dissolve 10% of it's stake in PSUs. The decision favoured the market sentimence and bourses witnessed buying interest. From it's weak opening Indian market bounced back strongly following the announcement. Another importtant development was that cabinet sectretery made it clear that the FDI hike in aviation sector would consider soon. There were expectation that UPA government would increase the FDI limit in Insurance and aviation sector to 49%.
These government decisions impacted indian market in a large manner. Gold and crude price hike are the major factors of worry. Global indices also trade in red, which is also a matter of concern for indian traders.

Indian market outperforms asian brothers

Thanks to the enthusiastic Indian traders. After a long 6 days losing streak Indian bourses closed firmly on wednesday.Indian market out performed other asian brothers. It was a good day for Indian bourses. All the beaten down stocks witnessed buying interest especially reality and metal stocks.

Bombay sensitive index or sensex recorded a gain of 507 points and closed at 15912. During trading hours sensex was very close to 16,000 mark. Nifty also witnessed buying interest and close at 4711 up by 147 points.

The volumes were low but the resumed buying interest clearly indicates that market will be in thepositive terrain soon.

Poem-The Painter

To my brother,

I heard your voice

Even before you were born

We are from the same mud

Our whispers

The smallest cries on earth,

Now we are away from it

Your canvas is waiting for colours

As a newborn waiting for it's mother

Past

Our dreams were black and white

But you had colours

The violet river of our ambitions were bigger than us

I agree,

Life was so cruel to us

We were alone all the time

Dead flies had fallen into our food;

Not once

The hospitals we lived

The roads we wandered

Never knew us

Our brown poverty was always ahead of us,

Ahead of time.

Present

Why you gave up your canvas

That was our only hope

The multicolour flag still melts in my heart

Nothing ends,

If anything ends

We will restart from the ending

Is the yellow sea and the pirates still lives in your mind?

Just paint it

Future

The future without future is nothing but death

Death as naked as a general hospital.

Mobile share trading all set to boom

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Indian Market Volatile Today

Volatile movement witnessed in Indian market today.Indian Indices opened lower after a big gap of three days. The second quarter results by companies were also disappointing. Buying at lower levels helped indices to bounce back. Last week Indian indices were down by 5.5 percent. In October indices were down above 7 percent overall.
Planning commission's growth forecast of 8 percent also influenced Indian traders. The sell off in Global Indices also was another reason for the bear arrival. Going ahead mixed response will be there in Indian indices. Now is the right time for an Intelligent investor to enter into the market.

Right time to invest in Indian Stock Market

Unlike in September Indian bourses witnessed mixed mood in the month of October. In the first half of October bulls had taken control over Indian markt. But the second half of the show was stolen by the bears. Particularly the last week of October witnessed huge selling pressure which was first of it's kind in the recent past. All the five trading days of the week ended in red. Due to the continuous selling pressure Indian indices broke it's important psychological levels. There were expectations of FII inflow into Indian market during October. But it turned upside down. During second half of October FIIs and DIIs became the major sellers in the Indian market. Selling with huge volumes transformed expectations into dark clouds of despair. The increase in volume clearly pointed out that FIIs are selling a lot.
Global factors were the main drivers on Indian market during the first half of October. Sensex traded well above 17,000 mark these days. From this top sensex came down and crossed even 16,000 mark to close at 15896. It is down by 7.19% from it's September closing. Nifty also can't survive the bear attack and witnessed a 7.31% down from it's last month closing. All sectoral indices were under pressure. In October Sensex touched a high of 17493 and a low of 15805.
September quarter results and RBI policy declaration were the main events during the month. Both evoked mixed response among investors. But more inclination was towards the red zone. Heavy weights like RIL and Bharti Airtel recorded a loss in the second quarter which was unbearable for the market. The IRDA direction of second billing was another factor lead to the sell off in telecom stocks.(But now all service providers are taking it positively). The RBI stand to cut the flow of free money into the market was not inline with the expectation of the market. RBI raised SLR rates 1 percent to 25% from existing 24%. Indian market behaved rudely on the day of this policy announcement. It also raised the provision for commercial real estate loans from 0.4% to 1%. The real estate sector witnessed huge selling pressure because of this policy change.
In the month of October reality sector was down by 15% from it's September closing. It was the most beaten down sector in October. The dull Q2 figures from some of real estate majors also added fuel to the selling pressure. SEBI allowed to increase the trading time from 9.00am to 5.00pm was another development during October.It is believed that with the change in the trading time there will be atleast 105 increase in the trading volume. But lot more to be done to implement the name change in an effective manner.
Midcap and Smallcap stocks were not away from the selling pressure. The pressure was more on Smallcap stocks which recorded a 7% fall during October. Midcap stocks were down by 5%. Oil and gas sector stocks declined by about 10%. The fire in the IOC plant in Rajasthan is still a concern of Indian traders.Engineering stocks witnessed a 6.4% downfall. Auto, Banking and Power sectors were down by above 5% from their September closing. Consumer Durable stocks were down by 4.5% and IT down by 3.17%. The least affected sector was health care which recorded a loss of 0.61% only.
Looking ahead only one idea will benefit-buy at falls. Due to recent panic selling good stocks are now available at affordable rates. Long term investors should milk the situation. The depressing Q2 numbers may be the passing phase of a worst situation. When the economy will be in it's full swing there will be something for everyone to smile. Opportunities don't come often.

Indian market closed lower for the fourth day

Indian Indices closed lower for the fourth consecutive day. Today being the closing date of F&O the volume was bigger. Global indices also played a key role in shaping the mood of the market. Once sensex slipped below 16,000 mark. Reality, metal and banking sectors were the worst performers. Some recovery was seen during noon but panic selling witnessed during the last half an hour of the trade. Sensex closed at 16053 down by 231 points. Nifty closed 4751 down by 76 points.

Only FMCG stocks witnessed buying interest. It was a bad week for Indian bourses as a whole. On a monthly basis also it is worst performance. During the beginning days of this month huge buying interest seen in Indian stocks and sensex was at 17,000 level. But when headed towards the end of the month selling pressure increased considerably.

But when we consider the positive side of this it is advisable to buy index stocks at this level since market will bounce back sooner or later.

 

Sensex slipped below 16,000 mark

Selling pressure witnessed for the fourth day in Indian bourses. According to market participants weak global cues are the main reason behind the sell off. Today being the F&O expiry day there will be some buying interest during the end of the day. Reality and metal sectors witness the selling pressure more. Bombay sensitive index or sensex slipped below the psychological level of 16,000 during early hours of trade. Now the sensex is at 16114 down by 169 points and nifty down by 44 points and now trading at 4782.

Indian markets are well under control of bears. It is believed that the sentimence would continue. Now is the right time to buy good stocks.

 

Increase in trading hours attract mixed response

SEBI approval to increase the trading hours in market attracted mixed response. The 2.30 hour increase in trading time will result in increase participation from the part of traders. But lot more to be done to make the change become possible. The clearing houses and bank should increase working hours to cope up with the change. Financial services firms have to declare increased working hours which would result in additional expense for companies in terms of manpower and other infrastructure facilities.
In the long term the normal working hours in the financial services firms including banks and insurance companies would be 12 hours. Broking firms should open earlier by at least one hour to make the earling trading possible.There were problems regarding not receiving files from exchanges which had resulted in panic. If the time extends the magnitude of this problem would also increase. It will take considerable time for the smooth working of extended trading hours.

Extending trading hours

There are rumours saying that SEBI has approved the proposed increase in the trading time. Now the trading hour in Indian Market is from 9.30AM to 3.30PM. According to the new proposal the trading time will be from 9.00AM to 5.00PM. Which will be in line with global timing and also the currency trading timing in the exchange. During the time of currency futures  launch there was much pressure in increasing the trading time in line with the global trading timing.

The time change will increase the volume in exchanges but there will be a revolutionary change in the financial services sector. Now also banks are promising 24*7 services brokers will also be forced to extend their working hours. According to exchanges increase in time means increased participation from traders.

 

Indian market opened strong

After three days of losing streak Indian bourses opened strong. Huge buing was seen across sectors. Beaten down sectors like reality& Metal were hot favourites among traders during opening hour. Greenish trend in Global markets also played a major role in shaping the sentimence of Indian traders.

Yesterday sensex left behind 17,000 mark and Nifty came down from 5000 range.

Strong performance by congress and it's allies in the assembly elections held in Maharashtra, Haryana and Arunachal Pradesh is another reason for today's buying interest. Hike in crude oil price and rising inflation are major concerns. But the hope on congress in greater than anything else. It is advisable to buy beaten down index stocks now. During afternoon there will be some profitr booking and market may close in flat note.

 

Sensex below 17,000

Indian market witnessed selling pressure for the third continuous day. The never ending profit booking is the main reason behind the downfall of indices. The seel off story from European indices also weighed the sentimence. Sensex now trading below it's psychological level of 17K. Nifty left behind 5000 level and now trading at 4900 level. Selling activity turned towards midcap stocks. When the markets heading towards closing there will be some buying interest.
There are more and more positive news like good Q2 numbers. But the impatient traders are avoiding all of them. The projected growth rate of 6.75 is another reason to invest in stocks. I think the panic selling will continue till tomorrow afternoon. Tomorrow expectation of closing flat or well above. Next week there will be buying interest from the part of traders. Selling pressure witnessed in the recent star sectors was also another factor leading the market to loss

Read detailed story;
http://www.moneycontrol.com/news/local-markets/nifty-breaks-5kweak-european-cues-dlf-lt-dip-4_420319.html

Profit booking continues

Indian stock market witnessed profit booking for the second consecutive day. On wednesday Indian traders were selling shares from the opening bell itself. Selloff in the global markets also influenced indian traders.

Only during the end of the week there will be buying interest from traders. Auto, FMCG and banking sector witnessed selling pressure.

Sensex closed just above 17,000 mark at 17009 down by 214 points. This was a recent blow for BSE. Nifty also witnessed selling pressure and closed down by 51 points at 5064.

It is advisable to buy at corrections.

Indian market ended in red

It was a surprise day for Indian market. Market opened in green. It was in it's green terrain throughout the morning session. But in the afternoon indicies witnessed profit booking. Profit booking was expected in Indian bourses after diwali. Oil and gas and consumer durables witnessed selling pressure. Across sectors it was mixed response. Sensex closed at 17223, down by 103 points. Whereas nifty recorded a loss of 27 points and closed at 5114.

In the remaining three trading days there will be volatility in the market. Disinvestment and Q2 results are the main drivers in this week. On friday there will be huge buying interest across all sectors. Markets are bullish in the short term.

 

Muhurat trading will decide fate of the market

Indian bourses are strong now. Market witnessed rally ahead of Diwali. It is believed that muhurat trading (one hour trading during Diwali) will decide the fate of the market. The great Indian bull Rakesh Jhunjhunwala predicted that market will reach at it's peak at the beginning of next year. It is the opportune time to buy under valued stocks. On muhurat trading day usually Indian market will be under control of bulls. (Some doubt this time since market closes for long weekend). FIIs are watching diwali season in patience and they will decide after muhurat trading.

In short muhurat trading will decide the fate of the market.

Indian telecom stocks undervalued now

Indian markets are well back on it's track. Ahead of diwali Indian bourses are strong. For the third day in this week Indian Indices are immersed in green. This can be an opportunity for an intelligent Investor.

As an impact of IRDA guideline of second billing telecom stocks except Tata communications plunged. The failure of MTN-Airtel deal was another reason behind the blow. In three days Indian telecom stocks plunged 4.5%.

The selling pressure on them still continues. When SEBI said that they will check the books of Reliance communications the sahre of the company witnessed huge selling pressure.

Telecom stocks are now undervalued and can be bought now. These would prove to be a safe bet in the near future.

 

Picks: IDEA and Apollo tyres.

 

 

Gold price hike and indian customers

Gold is heading towards new record. In the international market yellow metal is glowing like anything. As a reflection of the same indian market also witnesses price hike.

There is a contradiction actually took plcae in the upsurge of Gold price. In normal case when equity markets are up the price of gold would show downward trend.But now equity markets are giving good returns. Dow jones crossed 10,000 mark after October 2008. In India also markets are heading towards it's peak.

India, being a major consumer hub of gold, is witnessing a huge price hike. There are analysts saying that it's a golden bubble and one day it would burst. At the same time when prices will reach at it's peak there will be less demand and as a result price may fall. When dollar gains strength that would reflect in gold price also. These factors would workout in the recent future.

 

Indian market ends flat

Indian market ends flat.After two days of upward trend volatility seen in Indian market. Market opened green but profit booking continued till the end.
In the coming days also some volatility will be seen. Diwali and muhurt trading will be the milestone in the Indian market. It is a custom that on Muhurt trading bourses will end up in green. Last year, in the middle of recession also the trend was the same.
Sensex closed at 17195 down by 36 points and nifty closed at 5109 down by 9.35 points.Mixed response witnessed across sectors. IT and Health care were main draggers. Metal and Banking stocks witnessed huge buying interest.

Market volatile

Indian stock market opened high. But after some time some profit booking seen in Indian bourses. Markets are volatile now. It is believed that consolidation has been taken place in the market.

Both sensex and nifty will remain in 17,000 and 5000 level respectively. Telecom stocks are under axe now also. SEBIs announcement to check audit issues of Rcom is another blow for telecom companies.

In short term Midcap and small scrips would witness buying interest by FIIs and DIIs. Now this would be a lottery for the small scale investor.

Bank onb every opportunity is the call of the hour.

 

sensex, market,opportunity

 

Indian market at it's 17 month high

Huge buying interest witnessed in Indian market on wednesday (14-Oct-09). After a gap of one day due to Maharashtra elections traders bought shares enthusiastically. It is believed that Indian bourses would witness more upsurge in the coming days.

Metals were the hot picks among traders. Dollar depreciation is the main reason behind it. Base metals showing more activity. Another reason for today's surge is the exit poll results in favour of congress party in Maharashtra. Indian Rupee appreciation also one major factor. More and more companies are posting positive results in september quarter this also played significant role in forming market sentiment.

India incorporated is out of recession. Index stocks are witnessing buying interest. When they become over priced there will be buing interest in the small and midcap space. Investors should concentrate in these sector now.

Sensex closed at 17231.11 up by 204.44 points and nifty posted gain of 63.95 points and closed at 5118.20. Both indices are at their 17 month peak.

 

View detailed report

http://www.moneycontrol.com/news/local-markets/nifty-ends-at-17-month-high+ve-global-cues-metals-zoom_419291.html

Indian market ready to boom ahead of Diwali

Bullish rally ahead of diwali will be seen in Indian market. Traders are optimistic about the market now.They think Indian bourses will surge in the coming four days. Last time also huge buying was seen in the diwali week. After that some profit booking took place. FIIs also uses this opportunity very well to make profit.

Sensex closed above 17,000 mark and nifty crossed 5000 mark. Industrial production in the country shows an upward trend which is a good sign for investor. After by elections also there will be some buing interest if congress doing good. Q2 numbers of companies will also make significant effect in the market. This is the right time to buy undervalued stocks. Traders should try to milk the opprtunity arises in the short term rally.

 

Market ends weak for the week

Indian markets closed weak.It was a volatile week for the market.From the very beginning of October Indian markets showed an upward trend.Bulls were in control. FII inflow happened in a huge manner. Both sensex and nifty crossed 17,000 and 5000 mark respectively. But when reached the second week some profit booking have taken place. I think FIIs were inactive in this week. They just watched the show. As a result volatility witnessed in Indian market.

TRAIs recommendation for second billing came as a shock for Indian traders and increased selling pressure was witnessed in telecm stocks. RIL announced 1:1 bonus which was a diwali gift ahead of diwali for indian investors. But indices failed to reflect the enthusiasm. Indian market underperformed golbal peers for the week. This week Indian traders neglected global cues completely.

Both sensex and nifty down by about 3% for the week. IT stocks were main losers above 7%. Inspite of good infy numbers traders sold tech stocks. For the coming week I expect some volatility in the first two days. There after market will become consolidate. After diwali bulls will be back. Sensex will remain in 17,000 range till the end of september.Nify will trade above 5000mark. Short term rally is expected in telecom and IT stocks since bottom level buying will take place in coming days. Airtel and IDEA looks hot for the coming days.

Bullish,volatile then plunged

Indian markets closed in red on wednedday.During opening bulls were in control. But that sentimence remained only fro a while. At noon market was highly volatile.Panic selling witnessed in IT, Oil and gas and Auto stocks. When market headed towards closing selling activity increased. Only consumer durables and metal stocks were favourites among investors. Both Nifty and sensex closed below psychological levels of 5000 and 17,000 respectively. Sensex closed at 16807 down by 152 points where as nifty was down by 42 points and closed at 4986.

It is believed that market will be range boung in short term

 

Detailed report available in moneycontrol

http://www.moneycontrol.com/news/local-markets/nifty-closes-below-5k-amid-volatility-it-banks-drag_418249.html

Market shoots up

Indian Market shooted up on opening. Traders are optimistic today.Sharp upward trend seen in the opening. At the time of writing it nifty up by 35 points and sensex by 122 points. Yesterday senssex was below 17000 mark but today it opened well above 17000. Metal,Reality, FMCG, Engineering are the major gainers. I expect market to be rangebound today and will close flat today.

Some selling pressure is seen now.

According to the sentiments from market the trend will continue.It is expected that Indian Market will touch it's all time high in this year.

IPO market and Indian Investors

After the worst financial crisis in 70 years Indian markets are well in track. It is said that financial meltdown in the US started in December 2007 and continued for one and half years. Now the situation is well under control, thanks to government aids to the economy. Legendary investor described the crisis as one in a lifetime. All major banks and financial institutions in the US collapsed. Millions lost their job around the world. Unrest seen in Australia. Indian students were attacked. Anarchy took place some parts of the world. This was the result of then recent meltdown. The 'U' curve in the economy took the turn and now it shows signs of steadiness. The worst is almost over.

In Indian context the effect of global financial crisis was not that bad. Real estate sector, where prices were at it's peak, witnessed liquidity crunch. Tourism and aviation sectors also witnessed slowdown. Techies and financial services executives lost their job. Government came forward with three stimulus packages injected the same into the economy. Now it is believed that Indian economy regained it's health and can compete china. Recently concluded G-20 summit was a milestone in the economic aspect of India. All big economies in the world agreed that India is a giant economic power. India is one of the few markets which is less affected by the financial crisis.

In India as part of the financial crisis Indian stock market plunged and witnessed it's recent lows. January 2008 was a good month for Indian stock market. Both sensex and nifty recorded their all time heights in that month. But in the same month market started collapsing. Then it was said that the plunge in the market was due to profit booking. But the downward trend continued and sensex came down to 7000 range in October 08.

Indian traders were in panic and they sold their stocks and exit from the market. Now secondary market is very active and almost all the losses were settled. During financial crisis the primary market also was in bad form. Many of the companies postponed their IPO. Some IPOs came in the market but failed to attract investor confidence. As a result IPO market or primary witnessed huge crisis. In 2007 alone 95 IPOs came and majoruty of them were great hit because of favorable market conditions. In the year 2008 only 36IPOs came in the market but failed to collect money. This year sofar 13 IPOs came in to the market. Due to favorable market conditions recent IPOs of Adani power, NHPC and Oil India were hit.

Adani power, the company owned by Gautam Adani was one major IPO after the financial crisis. The issue was over subscribed by 21 times. It is a fact that after listing the companies didn't shine much except Oil India. On the listing day itself Oil India's stock price was up by Rs.100. Indian IPO market is now active and people are more interested in buying fresh shares. Primary market in India slowly gaining pace and this will be the same in the near future.

On 24^th August Bombay stock exchange started IPO index. Which was first of it's kind in India. The index tracks the value of stocks for two years after listing with base date May 3, 2004.Now a days an Investor can apply for IPO through online. Every broker is offering this facility. It's a cost effective practice and the investor need not pay any fees to apply for the same. Investor can also keep the money in the bank account which will only be withdrawn after the allotment. These are encouraging factors which believed to attract the common investor towards IPO market. If secondary market remains good there will be no obstacle before the primary market also.

'Now second is the new minute'-Telecomm stocks tumble

Telephone Regulatory Authority Of India made second billing mandatory. Tata communications was far ahead in this regard, their docomo gsm service was for runner and they started one second billing. Now TRAI made it mandatory.This is a good move for the customer and will attract more and more customers. When 3G come into effect there will be even more participation.But which is a bad news for the major telecom players. After the collapse of Airtel-MTN deal the stock plunged yesterday. The bad omen spread for all telecom players.

Idea stock down around 10%,Airtel and Tata down by 10.5%, Tata communications the lest affected only plunged by 2.15%. Traders expect the earnings of these players will be down.

TRAI's move is a boon to mobile phone customers.Tariff rates will decrease in short term.Reliance already announced rate cut. More competition is expected in the telecom sector.

 

also read related article:

http://www.moneycontrol.com/news/cnbc-tv18-comments/trai-to-make-per-second-billing-must-telecom-stks-tumble_417844.html

 

Bullish rally witnessed in Indian Market in September

September was a good month for Indian market. Almost all the trading days in September Indian markets closed in green. In September there were long weekends but this didn't affect the investor sentiment. On the last day of September sensex touched 17,000 mark after a huge gap of 16 months. Nifty also witnessed huge buying interest and it crossed 5000 mark. FIIs and DIIS are very much interested in buying Indian stocks. In the initial days of September global news played key role in shaping the future of Indian market. FIIs activity was largely concentrated in the indices stocks. During the second half of September small scale investors kept a distance from Indian market and they were very cautious. Compared to index stocks less buying interest was witnessed in midcap and smallcap stocks. On the first trading day of October market witnessed choppiness and closed in a flat note ahead of long weekend.

Sensex closed at 17127 on the last trading day of September. It surged 9.32 percent from it's August closing. Nifty was up by 422 points and closed at 5084 against August closing. Sensex opened at 15691 in September and it's low for the month was 15357. During September four companies listed in NSE including public sector companies NHPC and Oil India. Oil India listing was a great hit since it surged by over Rs 100. During September world observed the first anniversary of Global Financial Crisis. Indian bourses though less affected than other major indices in the world made it clear that it is well it it's track towards glory. As a result FII inflow to Indian market witnessed a major boost.

All category stocks witnessed an upward trend. Banking stocks were the major gainers. Banking index of BSE recorded a gain of 18 percent against last month. Metal stocks marked 14 percent increase. Health care and Auto stocks were also hot picks among investors, both gained 13 percent. Reality and Power stocks were less favorite. Small cap stocks were up by 8.47 percent where as Midcap stocks witnessed 7.5 percent increase in September.

Equity oriented mutual funds also improved their performance. China and monsoon factor were less effective during the month. It is believed that retail activity was also low during the period. Profit booking didn't take place much in September. Investors expect a profit booking or correction in the market in the short term.

Going ahead midcap and smallcap spaces are left vacant for investors. Some profit booking may take place in the coming days. It will be beneficial for the investor to use every opportunity. Milk every opportunity should be the motto of the investor.

Market ends flat ahead of long weekend

Indian stock market closed flat ahead of long week. (I predicted some profit booking-anyway it ended flat)

Throughout the session the market was choppy.Coming week is very important for markets. According to faber the worst is not over yet!.

Sensex ended at 17135, up by 8 points. Where as nifty ended with out any appreciable profit or loss. There was mixed response in the sectoral indices. IT stocks gained most, healthe care sector witnessed some selling pressure.

Some caution is needed for the long term prospective. If one is ready to take risk surely this market is for them.

 

Detailed report available in moneycontrol

http://www.moneycontrol.com/news/local-markets/nifty-closes-flat-pharma-auto-oilgas-down-1_417469.html

Sensex Crosses 17,000 mark-Bull run continues

After a gap of 16 months India's premier Index sensex crosses 17,000 mark. The volume is pretty low but bulls are well back in the track. Today (Tuesday 1st october) Indian bourses started a bit down but after it cameback and now in complete control of bulls. Only droback is that only index stocks are doing well, small caps and midcaps are not showing much activity.FII overflow is the reason behind this short term rally.

Retail investors stay away from the scene since they are in doubt. They forsee a correction and profit booking in short term. They are waiting for suitable opportunity.It is advisable now to stay away but to bank on fundamentally strong stocks particularly in the midcap sector. Today there will be bit volatility in the market since long weekend is ahead. Last year this time Indian market was not performing well due to the meltdown globally after an year market  well back in it's track. In short term the bull run will continue.

 

More deatils are available in the link

http://www.thehindubusinessline.com/2009/10/01/stories/2009100152160100.htm

 

View the opening comment of the market

http://www.moneycontrol.com/news/local-markets/nifty-choppyearly-trade-bharti-airtel-surges-8_417373.html

Test Mail from Pramod Geojit

 

Holy cows and unholy cattle

I admire Shashi Tharoor. He is a great Indian. He dreamed of becoming the UN secretary general. He is a great author. Bureaucrats can become politicians. But whether they become good or bad, it's their deal. Politics is a good game in India. Be it sport stars or silver screen stars, their ultimate aim is to enter politics. Because power is like opium, It's a good medicine to ones ego.
Indian National Congress is an aristocratic party. Their leaders consider themselves as aristocrats. Gandhi family, the party's feudal owners are the most aristocratic people in India. The prime minister of the party is a bureaucrat. UPA government is a combination of bureaucrats and aristocrats. In the cabinet union minister of state Shashi Tharoor is one of the high profile ministers. He has been termed as the twitter minister (with one lakh followers!). Recently he has been in the news for some wrong news. First one is for living in the hotel instead minister house. He made it clear that he is living at his expense and not using any penny of tax payers. This clearly defines that he is a minister who do not want to be with the common man, he wants to protect his aristocratic mentality. His staying in the hotel was against the party policy of cost cutting.
Now the latest hit by Tharoor came. He termed the congress president and AICC General secretary as holy cows and the common man as cattles. Since independence India was ruled by congress ministers. They were the office bearers for a major period post independence. Yet the common man in India are less privileged they are like cattle it's not their fault. It's the fault of the politicians. The government is responsible for this (particularly the congress party).
Don't blame us for our misfortunes. The common people have voted the UPA to power again. They are expecting so much from them. Congress says that they are with the common man, what about their ministers?. Tharoor may not know the problems of common man because he is not from them. He can call his leaders hollow cows. When he calls the common man cattle, naturally it bleeds. PM should take the issue seriously and warn the minister regarding this. If the UPA government wants to build it's image in a proper manner it should avoid nasty comments from it's ministers on common man
The common man is not cattle, they are the most valuable instruments in a democracy.

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Poem: victory tile factory

http://www.sondra.net/al/vol13/1313VictoryTileFactory.htm

Politics of economy: Poem

Politics of economy: Poem

Poem

http://www.sondra.net/al/vol13/1312ConroyForYou.htm

Online share trading: The next big thing online

India is a traditional society. Indian's are more conventional in nature. When it comes to technology we are far behind than rest of the world. Although we are having tradition for centuries we are enjoying freedom only for 62 years. Thanks to our white skin masters for imparting education upon us. Our culture is unique and we celebrate unity in diversity. We are forerunners among developing countries. India is a major player in the region economically we are more fit (thanks to the visionaries who had marched ahead). We are a thick populated society. India also holds a a unique stature in the world which is we are the youngest country in the world. Half of our population is in between the bracket 18-23. Which means we have huge potential in terms of everything.

Some online statistics
Online world is another world for everyone. As they showed us in matrix we will be confused which one is real. Internet offers so many facilities to it's users, we must congratulate bill gates and company for offering such a splendid facility to the mankind (or should we thank someone else). There may be difference of opinions but one thing is sure that once online world will become more prominent than the real world (will all of us become machines speaking only 1&0, I simply can't imagine. Only 2 years before the internet using population in the world crossed 1 billion mark (oh my god 100 crores). Which simply means one in every six of world's population is clicking and the number is going up drastically. In India, the traditional and conventional, 50 million people uses internet and it grows like anything. By 2012 the number will be 81.3 million. (of course even more). Indian union also taken steps to encourage students to be online, internet education is part of curriculum in almost all the states. At least all of our people even heard about internet which is a big plus in this regard.

Are you bull or bear
Now a days everyone (most probably) is aware about bull and bear, at least they can identify these terms as cliches related to stock market. More and more people in India, especially young people,are turning towards stock exchanges for investment. But statistics says that of it's massive population only less than 10 percent is involved in any kind of investment and who are investing in capital market the percentage is below 2. The capital market investment population in India is less than 2 crore. It seems more and more literacy is needed in this avenue of investment.
The stock market investment crowd is concentrated in the upper class and upper middle class pie of the society. (Oh I heard someone saying to include the middle class-OK agreed). The rest 113 crore of the people may or may not invest but they do not invest in stock markets as of now, but in the future we will be forced to redraw the picture.

Online share trading
During the early years of 90s National Stock Exchange of India started trading using v-sat connections. Those days which was a revolutionary change and was referred as online trading. (now also some misunderstands online trading with internet trading).In late 90 internet became popular in India and when 20 century became past internet use in India increased at it's maximum pace.
With the emergence of new generation jobs people looked for new venues for investing and stock markets came first in the list. In 2004 when UPA government came into power stock market in india gained more popularity and lot of confidence had been imposed on it. During all these days ans now also offline share trading is the house full show. The traditional way of trading by visiting the branch, calling a call centre executive etc is called offline trading in which you need a persons assistance. Online trading (internet trading now refers) removed the second person before the screen and you and the system became the characters. This is the easiness that have been provided to the customer. If your bank also provides online facility you will be more relieved man. You don't want to step into a brokers office for anything everthing you want to do you can do at your home/office in your PC with internet connection.
Within just three years online trading in NSE increased an unbelievable 13 percent. With in 3 years it is believed that the number of internet using facility will be double. On an average 34 percent of booking in railway is done through internet and 80 percent of airline booking have also gone online (online masthi isn't it). Reliance money, ICICI Direct, India Infoline, Geojit BNP Paribas, Sharekhan, Kotak Securities are the major brokers who are offering online trading facility to their clients. Some are offering online trading facility only otherwise customer have to call the call centre where as some otheres are offering both online and offline trading facilities.
High speed execution, greater flexibility and control are the main advantages of online trading. The brokerage charges are less in online compared to offline trading. Customer can place orders even after the trading hours is another advantage of online trading. Real time tracking of stock prices is another advantage (you can easily skip the time delay in online trading-time means money honey).

Any disadvantages
The band width menace is the main menace considering online trading (it is believed that which will be solved when we enter 3G).When some big happenings in the stock market the brokers server will be down and the beloved customer will be at sea, staring at the monitor. The customer needs specific browsers and web configurations to view all the facilities provided by the broker like charts etc. If the customer is net savy he can deal online trading smoothly otherwise there will be no first aids from the broker.
In this fast forward life online share trading is the need of the hour. The internet using community will increase day by day. Online share trading is aiming a long innings for sure (at least it is a cost effective method for the broker also-no need to pay an employee). When mobile and internet convergence take place things will drastically change. Mobile share trading will function full fledgly with in years. Convergence of technology only means advantage to the customer.

India and new tax code

This post has been moved to the following link

http://www.pramodthomas.com/2010/01/india-and-new-tax-code/

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The art of disinvestment

Is recession over? Now a days majority think likewise. Atleast they believe that the worst is over. The father of recession which the world witnessed in 1929-33 lasted 4 years, but the so called recession in the 21st century lasted only less than 2 years. So can we say that was it recession. Economists debate on this matter, let they. But the problems still persist. Have you got back your lost job, can you expect a salary increment now all this questions can be answered only in a negative way. So recession still lasts so far your life and career is concerned.
We can come back to India. India was not completely affected by recession, it only witnessed a slow down. We thought that it was recession. India the 12th biggest economy in the world had again reworked it's growth expectations and now dreaming big in this regard. With a fiscal deficit of 6.8 percent the country assumes to grow at a pace of 6.5 percent in the next financial year. The confidence is back.

IPO market shows some strength
The main revival witnessed post budget is in the initial public offering market. Which was very dull in recent times. The hit IPO was that of Adani power. The Gautam Adani promoted company's subscription was roughly 22 times. It shows that the investor confidence is back in stocks. The next IPO was that of NHPC, the public sector hydro electric power company is planning to disinvest 10 percent of it's stake it is expected that the attractive price range (30-36) would attract more investors. Altogether there is green signal for the stock market.

The art of disinvestment
It is calculated that the total market value of PSU companies are 25lakhs crore. If only 10 percent disinvestment happens about 2.5 lakhs crore will be released. The fiscal deficit problem will be addressed through it. Disinvestment not simply means privatization it means dissolving some percent of shares and allowing it to trade through exchanges. When UPA second came in to power there was great discussion about disinvestment. Newly appointed finance minister Pranab Mukheerjee kept mum about the policy of disinvestment in his budget speech. (indices tanked on that day just because of the silence). But from the very net day government started plans to disinvest. They consider to dissolve the government stakes upto 10 percent. In listed companies stake will be sold until it reaches 10 percentage, in unlisted PSUs stake upto 10 percentage will be sold. It is believed that government can raise upto 5lakh crore in maximum through disinvestment.

Disinvestment good or bad
Nothing is good or bad, it's only our perception. Ofcourse blind privatisation will do no good to the economy as well (this is well understood during recession) but there are areas where privatization needs badly. When we take the case of PSUs government can't always fund them, there are other sectors also which need funding. Disinvestment is the only key to sustain in tough competition. But what will happen to theemployees them, will they be hived off?. Trade unions protest against disinvestment saying that they will lose their job. There is less fact in it. ESOP is one instrument which helps the employees to tap the benefit from their companies stocks. Then there will be prefrential allotment of shares also. Disinvestment is necessary in order to compete with the private players. If we close all windows we will not be able to grow.
Instead of protesting against disinvestment employees should fight for accountability and transparency in the system. They have to adapt the changes and fight for their rights, when a company progresses it's employees also progresses. When a nation progresses the people's living standard also increases.

ASEAN Agreement and Kerala

There is less discussion about the ASEAN agreement although central government is very keen in the implementation of the same. In this era of extreme globalization it's a fact that nobody can survive without adaptation. India, the third largest economy in asia, also faces these problems. I am not concerned about the world as much. ASEAN agreement is very important for India's perspective since the main objective of the agreement is to compete with china. As it is a theory china is very strategic in it's movements. It had already started importing it's goods to ASEAN nations. No product from any part of the world can't stand with chinese products in terms of price. As a result with in no time china can claim a major pie in the market across the region. If India is avoiding this fact definitely we are going to regret. Our PM states this point when any discussion comes in this topic. But when we give permission to ASEAN nations to export their goods to India the interest of the farmers and small traders are going to be in stake.
South India particularly Kerala are going to witness the worst effect of it since majority of it's products produced in kerala are there in the list of the ASEAN agreement including pepper,rubber and coffee. When large scale import takes place it will attack the goods badly. Kerala farmers are already witnessing competition from ASEAN countries as well. Now a days farmers are facing bad times. Majority of them had stopped farming and migrated to gulf countries. The rest is living by putting their lives on stake. The farmer suicide had lost it news capacity in kerala. ASEAN agreement will do no good to them.
But bad weather and indiscriminate use of land are two major problems. Apart from that UPA governments proposed food security bill is another factor that paved way for ASEAN agreement. India is slowly emerging as a services hub, as a result we are not producing anything. If we Consider these as facts the ASEAN agreement is a good step froward in the right direction. By importing food and other items government can control the price hike. But government should also consider the interests of the poor farmers and small scale traders also. In kerala they already started protesting against the agreement. State and central governments should consider these issues seriously and should save farmers from suicide.
Minimum price guarantee and good subsidies are the two measures that can be taken in this regard. State policies should be infavour of farmers and also some pressure to be imposed on the centre to protect farmers of the state.

Unique Identification

I like Nandan Nilekani, just because he wrote imagining India. The old infosys guys have reached where they want to be. Murthy became a prominent personality in the world. Now it's the turn of Nilekani. He is now on a mission to identify us uniquely. Unique Idea, isn't it. He is from a background where only 1 and 0 exist. He is the authority to number all Indians. We had seen the crude form of this idea in an IDEA ad. In ancient times slaves were identified with their numbers. Slavery in it's old from do not exist now but are we free.
World has become a bunch of numbers. One can't count the array of numbers he has to remember to keep his life going, In result we all are going to become number remembering machines. Another number in addition is going to come, it is the unique identification number. Nilekani will give the new number one day. What about the Alzheimers patients. If we go on remembering the numbers India will become a country of Alzheimers patients.
Why government is thinking in this way. Instead of providing basic human needs they are behind some utopian projects, I don't see any purpose in it. In last union budget government allotted a sum of 100crore for the unique identification project. Now the latest news is that Bill Gates and Microsoft want to engage the project. Sounds good but I feel something fishing there. Infosys, Microsoft and Unique Identification Project. Clearly it's the corporatisation of the project.
I think Nilekani is a good man, he was a good corporate leader, but he hadn't lived the life of a common man, when heads a project for the people (poor people majority below poverty line) he should realize that it is important and should avoid corporatisation of the same because the lion's portion of this country do not understand the corporate language.

GST: What all you know?

f we shoot this question to a lay man what will be his reaction. I can say with damn confidence that he will simply glare at you. India is a developing country. I has got somany people living under the line of poverty. Poverty means lack of education also (by product of indian development). Being in a democratic system the majority of the people in India are suffering the disease called ill development. Some are developing not all, some are enjoying the fruits of development in fashion but some are simply watching it.
Our former primer minister once said-when we spend Re 1 for the poor only 20 paise will reach to them. He was blaming the inefficiency of the system. When we talk about all government schemes the same is happening everywhere. Take the case of prestigious projects by governments that they announce on a regular basis, always a minority knows all about it. Being unknown simply means the are not getting benefited from it. As also the policies by government- there is a vast majority of people who are unknown about it. The danger resides there, because all the policies are intended towards aam admi when they are unaware of it the virtue of the policies are lost.
Now take the case of the introduction of GST. Last central budget announced that goods and services tax will be in effect from April 1st, 2010. Former finance minister P. Chidambaram set the target time for the introduction of GST in 2006-07. After a gap of only three years government is going to introduce the new tax system. Government plans to collect the tax from it's people, but the very people don't know what is happening. How pity? Isn't it. When the European union introduced a common currency called euro they even published the details about the currency in comic books for children under the head-euro is simple. The west is more concerned about knowledge passing. Be it policy change or some big developments in the country they are eager to distribute it to all irrespective of their age and gender. But in India this is not the practice. One day government will announce a policy change, ofcourse media will carry it. Is it reaching every individual of this big country, the answer will be a big zero.
I only mean to say government should do it's public relations duty in a more fruitful way. It should be transparent and user friendly. When it comes to knowledge distribution it should depend popular media also. GST is actually a leap forward in the taxation in this country. As analysts say they need consessus of various states for the proper implementation of the new tax system. If they educate people properly through the media, they will line up behind the government and through this public opinion they can smoothly Implement the new system of taxation. After all people is considered as kings in a democratic system. By doing this government is only giving due respect to people rights.

GST: Awareness is a must

The UPA government is going to impose the goods and services tax from April 1st, 2010. The proposal for the same came in 2006-07 budget by the then finance minister chidambaram. In net effect the government has 7 months left before the introduction of GST. There are views that this is not practial since introduction of a major thing needs proper preparation. In the case of GST which is not done properly.
I think before the introduction of GST government should encourage the awareness about it through the media. As India is recording good frowth rate and is going to become a gaint in the economic scenarion of the world this is the high time to introduce GST.
There is less euphoria sice the topic is not discussed in the media, and awareness about it is very less among the public. Therefore I plead to take initiative in this regard-in this complex world information is wealth.

All issues cannot be resolved overnight; But

If the nation doesn't want to go bankrupt.
People must again learn to work, instead of living on public assistance.
Cicero

All lights are off and the Budget show is over. Before the great deal, once in a financial year, expectations were pretty high. FM just watched it over his round glass and neglected it. But he made some indications in his speech, only time will tell the exact meaning of those words and suggestions.
Is the budget so bad? A lound no is the answer. Everyone will agree, considering the adverse situations prevailing all over the world, that the budget 2010 is very important regarding the fate of the country. Naturally expectations were also high. After the budget speech Panob Mukherjee said that every issues can not be resolved overnight. Everything will take it's own time to get resolved. Market reacted in a negative manner to the budget. (Share market always reacts drastically to changes even if it is very small, even the FM was also shocked by it's reactions). The budget was more people oriented. The rail budget also had the same 'face value'. This clearly indicates that the central government headed by UPA is more focussed on people, especially the people they call aam admi.
In the budget script right from the beginning more concentration was on the infrastructure development. The second topic in the speech was agricultural reforms. Consequent to the announcements related to infrastructure and agriculture Indian markets showed some activity. Infrastructure development is a big issue need government attention so also agriculture. During the second part of the budget speech finance minister announced the allotments to social welfare projects. Altogether the budget spoke the language of common man which the corporates didn't understand.
India is the youngest country in the world. We have 55 crore youth residing here. Youth, as they say, is the most vibrant time of a man, full of passion, novel ideas and above all they are ready to work. All they want is some motivation. But in India they lack is the opportunity. It is the duty of the state that it should provide appropriate medicines to its people to fulfill their dreams. In this more complicated world knowledge is power, otherwise information is wealth. One who gains knowledge is the most powerful man in the world. One gets knowledge through education hence education should be the top priority to every government. But the union budget failed to address the issue properly. Of course there are suggestions, but it always happens and nobody cares. Education loans should be more liberalized. It should be interest free, more relaxed paper work, less traveling for the student and the parents. More relaxation to the terms for the students below the poverty one and some more consideration for the deserved one among them. Through proper lobbying from government only this will happen.
The next big thing is agriculture reforms. Climate change and attitudinal change are the major factors which adversely affects the agriculture sector of the country. The proposed food security bill is a major step in this regard. But some more serious steps should be taken to tackle this menace. China is thinking ahead in this context and they had already started steps to address the issue which will become a major concern for all the countries in the world in the future. Government should ensure the safety of the corps by implementing proper insurance schemes. Irrigation and power power supply to the rural india should be the main priority, these issues should be take care of in the proposed infrastructure development projects.
Another issue which needs proper care is the health care sector. The price of life saving medicines are increasing on a daily basis. Rural india is striving from lack of health care facility. Treatment is a kind of huge burden on them. Actually they are dying because they have no money to afford the treatment. Some rural insurance schemes should be implemented to overcome the problem. Subsidy should be given to the poor (poor should be determined based on their earning capacity)
There are no major proposals in the Budget to address these issues but these are the burning issues in the country and government should consider these also when they take issues into consideration.

My comment on Businessline budgetwishlist

http://budgetwishlist2009.blogspot.com/2009/06/top-priority-should-be-to-tackle-price.html

My Budget Wishlist

Top priority should be to tackle price hike
The coming general budget is very crucial in India's history as a whole. Right now we are at the exit of a worse financial crisis. Thanks to the mixed economy that we are in that we have survived without much damage. The latest issues are crude oil price hike and rising food and essential commodities price. Budget should pave way to address these issues. Apart from that social welfare projects and agriculture should need a boost.
Disinvestment is a big issue and is going to the most important issue in the near future. Government should take appropriate steps to ensure that disinvestment is in favor of the country. Power is another sector where so much backing is needed and it is going to be a major issue considering the growth of the country. Infrastructure also need some help from lawmakers.
Regulatory bodies should be strengthened to avoid another satyam scam. India should project itself before the word as a strong market and has got the capacity to grow.In general the coming budget should be a route map towards india's dream to become a developed country.

My article in merinews.com

http://www.merinews.com/catFull.jsp?articleID=15773919

Indian Budget and you

Budget tells you about the income and expenditure or more precisely it will tell you whether your business is good or bad. In general budget is not mere calculations but it is the backbone of a business. In India's context income is less but we are spending more.
India's general budget is going to present in the parliament on 6th of July. As always expectations are high. The ground conditions are more favorable to the UPA government. Pranob Mukherjee being experienced will try to make some efforts to sustain the momentum. Everybody believes that the global financila crisis is over or it is about it's way back. By this year end everyone is expecting that the lights will be back. Budget can and have to play a crucial role in moulding the economy in order to shield it from the global meltdown heat. We had experienced the advantage of being a mixed economy in the recent past. We can't surrender the identity. At the same time we have to look forward to development.

Socio economic situations
The situation prevailed now is very crucial to India as a whole. A country is the product of the work of all it's individuals. As per the latest survey report an indian individual has got monthly income of Rs3000 plus. This is for the first time that India has crossed this mark. India's economy is a major one in terms of market capacity. 115 crore people-corporates from all over the world will pump money into indian economic system for sure. But there is a problem also like we had experienced recently. FIIs wil take the money from our market leaving our currency weak. This should be tackled properly and some restrictions should be there so that we can consume the money well for the country's growth.
'There are men in this country who earn only Rs 20 per day' commented our union minister Mr. Shasi Taroor. This comment leads to a more serious situation-some are immensely rich but some are at the extreme end of poverty. Poverty in terms of money,food,education etc. In other terms India is facing the poverty of lack of opportunity.
The coming budget should focus this issue properly. When the country prospers it's citizens also prosper is an old saying and not always true. When a country prosper only a few individuals are prospering since the term prosperity has got only a peripheral meaning. Government should take steps to transfer the effects of prosperity to the unprivileged and the underprivileged.

Disinvestment and policy change
Why do everyone objects disinvestment? This is the question of the hour. It is objected because people think that when the control of the state loosens it will be difficult for the citizens to survive. They have the evidence that the recession 2008-09 is shielded properly in India only because India is a mixed economy. But is it only this fear? The answer is a big no. They fear competition. When there is a competition there is benefit in both ways. There should be control for sure but the country have to find money for it's poorer people. If it is the cause the disinvestment is not a very bad idea.
Insurance and aviation sector reforms are the major two sectors awaiting the verdict. Aviation needs a push badly. Insurance sector needs a revamp. But the interest of the customers should be protected. Extremism and terrorism are the two factors which act against development of a country. Recently maoists are banned. Budget should take care of the situation and some strong allotment should be needed to tackle the maencae.

Lack of opposition
In some way or other lack of a strong opposition will be very much count. It will lead to lack of debate. If the government has majority more than the required number the lack of a strong opposition will be a black mark. In such a situation the responsibility of the government is more. UPA government has to taken care of the situation properly. There should some announcements to tackle the skyrocketing essential commodities price otherwise aam admi agenda of the government will be proved futile.

RECESSION SHOWS WITHDRAWAL SYNDROME

Lot more happened. Banks collapsed. Crores of money of investors steamed. Currencies witnessed huge set backs. Job losses hit the record height. Techies felt the heat of being poor. Countries started thinking of protecting their citizens alone. Economically a country had been vanished. Recession has many more in its credit. After the recession in the early 30s this is the worst one. Some blame it on the developed world while others blame US for the crisis. Who is responsible is a question down the ladder. The question was how we can overcome the recession. Almost all the governments around the world announced stimulus packages for the economies. In reality lots of crores of money had been deployed to bring the economies back on track. America was the master in it. The recession baby president of the US Mr Barrack Obama lead the state through difficult times. Now one thing is sure that we are not hearing any news regarding bank closure from America. Is it symbolizes that the recession fear is out of the door? We can’t believe it until we get more proof in this regard.

Indian stock Market
The worst situation in Indian stock markets raised in 2008, October. The sub prime crisis in the US was the main culprit behind that. Markets plunged and stocks witnessed huge sell off. As a result indices came down FIIs started to sell their holdings. They sold indian rupee and bought back dollar. Consequently Indian currency became cheaper. This same situation continued throughout the year. When headed towards the end of 2008 some activity in stocks had happened. Some kind of buying interest emerged out of despair and slowly it stretched its roots around. Indian stock market welcomed the new year with a positive note. But then came the satyam saga, the largest ever stock market scam in the history of Indian economy. The inflated figures by the satyam promoter came as a shock for the entire India incorporated. When the dust settled down over the satyam scam the recession fears across the globe started easing. And as a result from march 2009 onwards again some buying interest witnessed in the market.
55 percent from the lows in Oct-Nov 2008 have been regained from the stock market. This is mainly due to the buying interest showed by the retail investors. The inflation fears gave way to deflation figures in India this was a positive as well as negative sign for the country as a whole. Some drastic change had been taken place after the announcement general election schedule. Markets witnessed volatility and some sort of profit booking had been taken place. But on 15th May, the before counting of votes Indian stock market surged. There was a clear indication that market will go down after the results if any uncertainty arises but unexpected happened....

Post result scenario
It was never predicted by any analysts. Neither it was screened by the exit poll cameras. But it happened. The thing which happens in a century in any stock market happened in Indian stock market. Indian stock indices surged 20 percent in one day. On may 18th the Bombay sensitive index or sensex surged 2111 points in a single day. This was the greatest in the history of Bombay stock exchange. Trading has taken place only below 2 minutes and halted for the whole day due to aggressive buying. This was the clear indication that UPA government’s policy will be in favor of markets. Market believes that the disinvestment policy will get a clear green signal. UPA is going to take the reins of the country without the support of the left parties. That also gave some sort of relief to market men.
Predictions are touching the skies now. Some predicts that Sensex will break the last record of 21,000 thousand and then it will headed toward 35,000 mark. Some predicts even higher figures. The two days after golden monday were not very bright. Huge volatility witnessed on tuesday and on wednesday indices closed in red. Huge profit booking is taking place in the market. But analysts calculate this will not last long and market will surge with in no time.

Issues and possibilities
UPA came into power as a result of the verdict in favour of a stable government. They should realize that this is not a blind verdict. UPA is getting long 5 years to lead the country once again. Left parties have been marginalized by the people across the country. But it is not because their policies were wrong. It is because the people needed a stable government.
Insurance and aviation bills are up in the sleeves of the UPA government. They can take it out at any time. Disinvestment and privatization are the other two main areas of Interest. It is a fact that during the regime of congress government some quick changes in the political scenario of the country taken place. Dr Man Mohan Singh was the main architect of these reforms. During the last tenure of the UPA government the country’s growth rate witnessed an immediate jump- from the 5plus figure of the NDA time to 9percent during UPA regime.
Atomic energy agreement with the US was another mile stone of their rule. But the left parties left the union and protested against it. The proposed hike in FDI in the insurance sector was another area where the left had disagreement. Another was with the pension fund dissolving. These things didn’t happen only because of the protest of the left parties. Now UPA have the numbers which can defeat a no confidence motion. If they move blindly in order to satisfy the corporate that will prove wrong in the long term. But they have to look after the country’s growth rate also.
Indian rupee regained it’s strength in three days after the election results. This is a clear sign which indicates that FIIs are way back in their road to Indian capital market. History says sensex reached 14,000 mark due to the buying interest of the indian retail investors. After that the gain of 7000 points were made by the FIIs. If this happens again then market will surge. But government will have to look after the problems of the common man also. As recession shows withdrawal syndrome there are many green signals ahead for the Indian economy.

THE CONCEPT OF NANO

There is a silver lining for every dark cloud. or we can say there is always light at the end of the tunnel. The branding of NANO, the people’s car has got huge support from the media and ultimately from the common public. aam admi the term nowadays using more vibrantly. NANO as it claims satisfies the requirement of a cheap car for the public. Somany died and left behind the dream of owing a car in their lifetime. Finally tata’s came to rescue the common man from this very misery of dying before owing a car. Tata’s first unveiled first the concept of affordable car for all. Then the land issue in singur came up and left some dark clouds on the project. But Tata’s emerged successfully from all the drobacks whether it be the strike by the farmers or it be the terror attacks. Finally the concept of nano came in to reality. The branding of the car was a well crafted one and booking counters crowded.
Nano was the relief at times of recession actually it is the child of recession. Recession means less earnings or nil earnings. Less earnings will only lead to less spending. Less spending gives way to slow business, slowing business will lead to the slow down of the economy. When economy slows down people in the country will suffer alot and that will multiply the people’s burden of less earning.
During these difficult times concepts like nano will become successful. Atleast they feed enough to common man’s dreams. ‘Small is beautiful’ was a major concept some decades earlier. Family planning was the issue then. Now the relevance of small is that it means it is affordable. Large numbers of cars are available in the market. Actually they are ranging from AtoZ. But are this vehicle affordable to everyone is the major question to ask. It is not is the answer. These are not affordable. Rs 1 Lakh car is affordable to everyone, which is the concept of the Tata Company. This is also true. So everyone can own an NANO now.

The concept of NANO has got some more relevance. NANO in a sense means affordable. Affordable is the concept related to everything. We can call anything which suits ones purse affordable. Affordable is the concept of the common man. Nano era has paved way to the idea of affordable. Affordable housing is one of it’s kind. 20 crores of the population in India doesn’t have a roof over their heads. The concept of affordable housing is of very much importance in India. Tata housing has come forward with the concept of affordable housing. They are offering a flat in Mumbai for Rs 4lakh an a 2BHK flat for Rs 6.70lakhgs. Sounds good isn’t it.
The concept of affordable housing will become a major one in the recent future. As per the study of Tata housing the 48% of the people in the low income segment are living in rented houses. Affordable housing will give lot more relief to this people. There aresome more reasons also. One is the low purchase rate of the luxury flats. Due to economic slowdown the demand for real estate sector had slated a downward trend. Major builders were forced to sell their projects at a low rate. This also gave way to the concept of affordable housing.
The second reason is the skyrocketed land prices. Major cities are not affordable to common man so they forced to live in the tier2, tier3 cities. They can’t spend much more for their shelter so they start search for low cost apartments. This also gives scope to the concept of affordable housing. Nano family(father, mother, son), Nano home and Nano car this will become a significant proportion in the recent future.
The concept of Nano has got so much influential sides. Affordable housing is the one. More and more developers will come with affordable housing because change is unavoidable. And we can’t neglect the concept of Nano which means affordable.