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Economy

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Last week India Budget 2004 was presented by Hon’ble Finance Minister P.Chidambaram in the parliament. The budget had promised to improve the reach of Education, making education compulsory for atleast 8 years for every child and guarantees 100 days of minimum employment for one person in every family. Though it is unclear how the government is going to ensure these to happen, the focus on these two important items is laudable. It has announced VAT will finally be implemented from 1st of April 2005, this will pave way to avoid double taxation in many areas. A huge investment announcement for…

In my earlier post “Indian Stock Market – Both Sides”, I had written about how Indian companies are venturing into Sri Lanka and doing well. This seems to be picking pace now. One of the good examples is in Dairy.…

We all have heard about “Black” Gold, right?. “Black” Gold is a term used to refer to Crude Oil/Petroleum to bring out that oil is precious and expensive as the original “Yellow” Gold. This term is very apt with today’s…

Finally the political drama and suspense came to an end today evening, with Dr.Manmohan Singh becoming India’s 13th Prime Minister. While I feel happy that India is headed by a senior, experienced Bureaucrat turned Politician, his Jumbo cabinet of 68 Ministers leaves much unsaid. The reality of coalition governments in India forces the need for these Jumbo sized cabinets. Some time back, there was only a talk to enact a law to restrict the cabinet size to say 10% of the total number of members of Parliament/Assembly. I feel it is high time we enact a law to restrict to…

Yesterday Indian Stock Market saw the biggest plunge in a decade. The BSE started the day by a near 20% fall and ending with an overall about 10-12% fall. I strongly feel the markets’ over reacted yesterday. Only two valid…