Manish Tanwa
Manoj Sharma
Maryrin Woleng
Group - 12 (Section - H)
AN INTERVIEW WITH PRANAB MUKHERJEE (FINANCE MINISTER)
In an interview, with Pranab Mukherjee, he spoke about his family's traditional Puja celebrations, and his hopes of bringing down inflation and breaking the double-digit economic growth barrier.
Ø Interviewer: Tell us something about the 115yearold tradition?
When this Puja was introduced about 115 years ago by my grandfather, he did not make it mandatory. “My grandfather did it, my father did it. After my father my elder brother did it.
My father was the only son of his parents. After the death of my elder brother in 1983, my father told me that “if you can do it, you try to do it“. It is not that he said that you will have to do it. It is not mandatory. So I thought that let me maintain the family tradition. That is the compulsion which brings me here every year.
Ø We are about a fortnight from Diwali, and as we move into the New Year, what are your aspirations, hopes and vision as finance minister?
As finance minister, my ambition is I must have some check on the prices right now, which is a matter of concern, particularly of the daily commodities. I must break the double-digit barrier, barrier to double-digit growth. So, my goal is to break the barrier of double- digit GDP (gross domestic product) growth, to contain prices, particularly of the food items and essential commodities, at a moderate level and to fulfil the tax reform exercises which we have begun.
Ø Do you think Indians have reacted with maturity to the Ayodhya verdict?
The initial reaction and response has shown the maturity. There are certain angles which will have to be looked into. But this judgment is not the final say in this matter because there is scope of making appeal to the higher court. So it is better to wait till the highest court gives its verdict.
Ø What are your hopes from people on both sides of the divide?
I think it will be better to accept the situation. If there can be an acceptable solution to both sides that is the best. But if it fails, then the court judgment has to be accepted.
ANOTHERGLOBELBREAKDOWN
All wars inflict collateral damage, so there is good reason for the rest of the world to watch the currency war between the US and China with trepidation. The two countries are gunning for eachother because an earlier economic arrangement between them shows signs of crumbling. China sold cheap goods to US consumers.The dollars the Chinese earned through exports wererecycled back into the US financial system. This money was eventually lent to indebted US consumers
China could keep growing its economy despite weak domestic demand.The interests of the US and China are no longer well aligned as far as currency policy goes. China wants to keep its export engine purring while the US has now developed a renewed interest in exports to drive growth.
Enter the currency war, with both the US and China trying to keep their respective currencies down. China continues to intervene in the foreign exchange market, buying dollars to prevent dollar decline. The US seems ready to print more money to debase its currency: a larger supply of anything usually reduces its price.
The US Federal Reserve is expected to decide in November for a second round of quantitative easing of at least $600 billion. China has increased its foreign exchange reserves by a re- cord $195 billion in the third quarter. A research firm Capital Economics, estimates that $108 billion of these additions came from outright foreign exchange purchases with the rest being accounted for by interest earned on existing holdings and foreign exchange fluctuations.
FINANCIAL INCLUSION FOR FIRMS: HASEEB A DRABU
If personal financial inclusion has to graduate from being a personal finance product to a self-sustaining process, it will have to be accompanied by financial inclusion for small- and medium- enterprises (SMEs).
And for that, it is not enough to stimulate regulated lending to or set up a distribution network for SMEs. SMEs will get access to effective finance only when SME lending is part of a larger financing system that comprises different types and tenors of lending, an SME-focused policymaker, an SME-focused bank, a credit guarantee mechanism, provisions for venture capital firms, and much else.
The new national financial architecture must reflect the capacity for and stage of development in India's financial markets, for instance, the mechanisms of providing loans, giving credit guarantees or infusing equity capital into SMEs.
The starting point has to be the recognition that almost half of the total manufacturing output in the economy is originating from a segment that is, first, spatially dispersed; second, operating on a small scale ; third, sectorally diverse with high credit risk; and, last, with no credit history..The listing agreement permits migration from an SME exchange to a main exchange (such as the Bombay Stock Exchange).
GROWING STAKE - FII HOLDING IN BSE 500 STOCKS HIGHEST IN 5 YEARS
Ø Stock Exchange 500 stocks to their highest level in five years
Ø Analysts believe that India, which grew by 8.8% in the first quarter, is the third fastest growing economy in the world after Brazil and China.
Ø Over two-thirds of the 33 Nifty firms saw their Foreign Institutional Investor (FII) holding go up in the September quarter by the average of 1% over the previous quarter
Ø Foreign Investors have bought $23.1 billion of stock this year, upping their holding in BSE 500 firms to 14.52%
MARUTIEYES-FAST GROWING MPV SEGMENT
Ø Maruti Suzuki India Ltd, plans to introduce a new multi- purpose vehicle(MPV) model to increase its market share in rapidly growing segment
Ø Maruti has increased from 42 models in 2002-03 to 104 models in 2009-10
Ø An expert said growth in the MPV segment looks good for the next 12 months
Ø Maruti may launch RIII, a compact multi-purpose vehicle, by the end of 2011
MUTIPLE VIOLETION BY DOT, SAYS CAG
Ø Five new companies which get 2G license were ineligible to operate in telecom sector
Ø 77 out of 122 license allocated in January 08 are in void
Ø Allocation spectrum in January 2008 at 2001 price not justifies
Ø First come first served basis not transport and did cabinet approach
Ø Firms had paid prior information on 2G policy which enable them to arrange demand draft in advance
IIM SHOULD EVOLVE LIKE CORPORATE ENTITIS
Ø Today IIM top business school in India and in future it improve his function and academic to comparison with foreign business school
Ø The foreign business school wants to open branches and universities and they have work with Indian partner USA alsothe Maruti Suzuki India chairman R C Bhargavsubmitted its report and say to HRD ministryand wants to change in managedand finance in IIM
Ø IIM should have corporate entities and according in India IIM also help in rural management agriculture and otherissues who is affecting the country
Ø The Bharagav committee who is include director of IIM Kolkata, Bangalore and Kozhikode have given the statement private investment management is growingand the ministry of HRD know attractingsign direction investment in education
In an interview, with Pranab Mukherjee, he spoke about his family's traditional Puja celebrations, and his hopes of bringing down inflation and breaking the double-digit economic growth barrier.
Ø Interviewer: Tell us something about the 115yearold tradition?
When this Puja was introduced about 115 years ago by my grandfather, he did not make it mandatory. “My grandfather did it, my father did it. After my father my elder brother did it.
My father was the only son of his parents. After the death of my elder brother in 1983, my father told me that “if you can do it, you try to do it“. It is not that he said that you will have to do it. It is not mandatory. So I thought that let me maintain the family tradition. That is the compulsion which brings me here every year.
Ø We are about a fortnight from Diwali, and as we move into the New Year, what are your aspirations, hopes and vision as finance minister?
As finance minister, my ambition is I must have some check on the prices right now, which is a matter of concern, particularly of the daily commodities. I must break the double-digit barrier, barrier to double-digit growth. So, my goal is to break the barrier of double- digit GDP (gross domestic product) growth, to contain prices, particularly of the food items and essential commodities, at a moderate level and to fulfil the tax reform exercises which we have begun.
Ø Do you think Indians have reacted with maturity to the Ayodhya verdict?
The initial reaction and response has shown the maturity. There are certain angles which will have to be looked into. But this judgment is not the final say in this matter because there is scope of making appeal to the higher court. So it is better to wait till the highest court gives its verdict.
Ø What are your hopes from people on both sides of the divide?
I think it will be better to accept the situation. If there can be an acceptable solution to both sides that is the best. But if it fails, then the court judgment has to be accepted.
ANOTHERGLOBELBREAKDOWN
All wars inflict collateral damage, so there is good reason for the rest of the world to watch the currency war between the US and China with trepidation. The two countries are gunning for eachother because an earlier economic arrangement between them shows signs of crumbling. China sold cheap goods to US consumers.The dollars the Chinese earned through exports wererecycled back into the US financial system. This money was eventually lent to indebted US consumers
China could keep growing its economy despite weak domestic demand.The interests of the US and China are no longer well aligned as far as currency policy goes. China wants to keep its export engine purring while the US has now developed a renewed interest in exports to drive growth.
Enter the currency war, with both the US and China trying to keep their respective currencies down. China continues to intervene in the foreign exchange market, buying dollars to prevent dollar decline. The US seems ready to print more money to debase its currency: a larger supply of anything usually reduces its price.
The US Federal Reserve is expected to decide in November for a second round of quantitative easing of at least $600 billion. China has increased its foreign exchange reserves by a re- cord $195 billion in the third quarter. A research firm Capital Economics, estimates that $108 billion of these additions came from outright foreign exchange purchases with the rest being accounted for by interest earned on existing holdings and foreign exchange fluctuations.
FINANCIAL INCLUSION FOR FIRMS: HASEEB A DRABU
If personal financial inclusion has to graduate from being a personal finance product to a self-sustaining process, it will have to be accompanied by financial inclusion for small- and medium- enterprises (SMEs).
And for that, it is not enough to stimulate regulated lending to or set up a distribution network for SMEs. SMEs will get access to effective finance only when SME lending is part of a larger financing system that comprises different types and tenors of lending, an SME-focused policymaker, an SME-focused bank, a credit guarantee mechanism, provisions for venture capital firms, and much else.
The new national financial architecture must reflect the capacity for and stage of development in India's financial markets, for instance, the mechanisms of providing loans, giving credit guarantees or infusing equity capital into SMEs.
The starting point has to be the recognition that almost half of the total manufacturing output in the economy is originating from a segment that is, first, spatially dispersed; second, operating on a small scale ; third, sectorally diverse with high credit risk; and, last, with no credit history..The listing agreement permits migration from an SME exchange to a main exchange (such as the Bombay Stock Exchange).
GROWING STAKE - FII HOLDING IN BSE 500 STOCKS HIGHEST IN 5 YEARS
Ø Stock Exchange 500 stocks to their highest level in five years
Ø Analysts believe that India, which grew by 8.8% in the first quarter, is the third fastest growing economy in the world after Brazil and China.
Ø Over two-thirds of the 33 Nifty firms saw their Foreign Institutional Investor (FII) holding go up in the September quarter by the average of 1% over the previous quarter
Ø Foreign Investors have bought $23.1 billion of stock this year, upping their holding in BSE 500 firms to 14.52%
MARUTIEYES-FAST GROWING MPV SEGMENT
Ø Maruti Suzuki India Ltd, plans to introduce a new multi- purpose vehicle(MPV) model to increase its market share in rapidly growing segment
Ø Maruti has increased from 42 models in 2002-03 to 104 models in 2009-10
Ø An expert said growth in the MPV segment looks good for the next 12 months
Ø Maruti may launch RIII, a compact multi-purpose vehicle, by the end of 2011
MUTIPLE VIOLETION BY DOT, SAYS CAG
Ø Five new companies which get 2G license were ineligible to operate in telecom sector
Ø 77 out of 122 license allocated in January 08 are in void
Ø Allocation spectrum in January 2008 at 2001 price not justifies
Ø First come first served basis not transport and did cabinet approach
Ø Firms had paid prior information on 2G policy which enable them to arrange demand draft in advance
IIM SHOULD EVOLVE LIKE CORPORATE ENTITIS
Ø Today IIM top business school in India and in future it improve his function and academic to comparison with foreign business school
Ø The foreign business school wants to open branches and universities and they have work with Indian partner USA alsothe Maruti Suzuki India chairman R C Bhargavsubmitted its report and say to HRD ministryand wants to change in managedand finance in IIM
Ø IIM should have corporate entities and according in India IIM also help in rural management agriculture and otherissues who is affecting the country
Ø The Bharagav committee who is include director of IIM Kolkata, Bangalore and Kozhikode have given the statement private investment management is growingand the ministry of HRD know attractingsign direction investment in education
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