Wishing all my friends, readers in the world a very happy and prosperous new year 2015.
It wouldn’t be wrong to say that Indian market in 2014 performance was one of the best in the world. The confidence is back in the economy green shoots are visible and you might see soon the Elephant dancing.
The markets are euphoric and media making the noise to the extreme, there is a rise in the demat account openings, Mutual funds saw record rise in investments. The FII’s are continuously flirting. FDI in various sectors getting nod to increase the stake. Everyone is busy in predicting the market at the end of Dec 2015.
Anybody’s ability to predict should be taken with a pinch of salt. When it comes from a broker take it with a pinch of salt. Continue reading “Happy New Year 2015 – Make your own Rules”
In the recent past the financial media has glamorize the Free fall of the rupee and its been showcased as mere panic to the viewers, one of the major reason you should better be watching National geographic channel or Discovery.
Here are some thoughts on the financial development of India
We have reversed financial development, we have messed up the operating procedure of monetary policy, we have created chaos in the short end of the bond market, we have impeded Indian households taking refuge from high inflation by purchasing gold, we have resurrected gold smuggling, we have raised the possibility of reversing trade reforms. In return for what?
There are numerous problems that require the attention of the government. :- Continue reading “The Rupee Vs Dollar the battle we have chosen”
What happened on the NSEL (National Spot Exchange Ltd) recently is system failure or is it a scam. Lets try to analyse the case as you know National Spot Exchange suspended trading in most of its contracts and deferred payouts to its members, triggering fears of a default.At the onset it looks like the liquidity issue.
So what really has happened NSEL, a spot commodity exchange promoted by Financial Technologies, introduced products with characteristics that purportedly violated the norms governing such exchanges.
NSEL launched contracts with more than 11 days tenure, while spot exchanges are not allowed to offer such contracts. The exchange also reportedly allowed members to do short selling, which is not permitted on spot exchanges, where delivery of the commodity traded is mandatory. Continue reading “Commodity futures Trading, Just a game of speculation in India”
A day back, Where Oil companies announced a small hike of 50paisa liter on Diesel prices, Our Indian government, tried to balance it down by raising the supply of subsidized cooking gas to 9 cylinders/year on the older 6 cylinders/year. This could be a push to boost the Indian economy with business-friendly steps “BUT, is it really so?” This question came to me with the release of a statement made by our oil Minister M Veerappa Moily. He said “We have given some liberty to oil marketing companies to raise diesel prices in small dozes. They are authorized to make small price correction from time to time.” Continue reading “OH GOSH!! A Hike Again with “But””
There is a better way to handle the KFA bankruptcy is to seize all its assets while leaving the liabilities to the existing company & its shareholders.
The assets including landing rights, planes etc along with the staff can be put up for auction in 3 months time to all bidders.
In the meanwhile, the planes can fly as usual under a temporary Government of India appointed management a la Stayam till the auction is completed. Continue reading “The Case of Kingfisher Airlines KFA – Bankruptcy”