The interactive 'sticklish' in the Mentor pages of Business Line...
The effectiveness of the steps taken by the Government of India and the Central Bank to solve the problems in the monetary, infrastructure and export sectors could be recognized first through increase in demand for capital goods.
posted by padmaja @ 10:21 PM
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Sanctioning stimulus packages is one thing and to make it effective is yet another. Monitoring is yet another Herculean job but this merits equal attention too. A special steering committee needs to be appointed to monitor them and whether funds are being diverted to other non-specified purposes or not needs top priority.
posted by padmaja @ 10:18 PM
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The stimulus package announced by the government on 2nd January 2009 was modelled after similar packages adopted by western countries to give a boost their respective economies.While the moves to allow IIFCLto raise another Rs30000 crores and permit NBFCs to raise ECBsto fund infrastructure projects are aimed at infusing liquidity in to the fund-hungry sector the interest rate cuts and removal of interest rate ceilings on ECBs will make borrowings more affordable.
posted by padmaja @ 1:46 AM
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Dose does not seem to be very effective in this recessionary scenario.Regulator (RBI) should take demeanor measures and should be equipped with the ample machinery to avoid unncessary panic among the common man. Dose is not at all working,with the measures taken up by regulator on 2nd Jan 2008 which has infused 20,000 crore into Banking system this is not all sufficient in this current scenario.
posted by padmaja @ 1:32 AM
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1) Increased investments in govt. securities beyond SLR prescriptions by Banks will clearly mean that the Banks are more for safety of funds rather than pumping in money for Industry needs.
posted by padmaja @ 1:26 AM
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Corporate Governance is all about maximisation of long term shareholder value not only by operating within the Public Law and social ethics but also through dealing with all stake holders in a fair and transparent manner. Viewed in this background, India does indeed need more effective corporate governance.
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posted by padmaja @ 12:28 AM
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Honestly speaking India do not have effective corporate Governance. Business ethics takes a back seat quite often when the companies flourish. To add fuel to fire, government controls the corporates through various agencies and prevent them from growing . Sebi, reserve bank of india are a few tools in the hands of the government forbidding the growth of quality governance.
posted by padmaja @ 12:26 AM
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Considering the steep fall in the international price of crude from USD147 per barrel a couple of months ago to USD40/45 per barrel now, the reduction of Rs.5/- per litre in the case of petrol and Rs.2/- in the case of diesel is very marginal.
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posted by padmaja @ 10:43 PM
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No, Cuts not enough only on the Petrol and diesel, the effect should be given to the products to which the price raise are given earlier. Seems to be a political game.
posted by padmaja @ 11:55 PM
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The prices of oil was $16 a barrel in 1999. In July 2008 it reached a peak of $147. A global recession made the prices plunge to the range of $75 a barrel. Oil-rich nations enjoyed historic gains while a major importer like India, home to the one sixth of the world's population confronted rising economic and social costs.More...
posted by padmaja @ 11:54 PM
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The cut in petrol and deisel prices effected by the government is not in proportion to the fall in the crude prices. The companies would have nearly wiped off the accumulated losses during the last few weeks when the crude prices had fallen by more than 100 dollars.
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posted by padmaja @ 11:52 PM
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The government has by way of an interim measure cut prices of petrol and diesel by Rs 5 and Rs2 respectively keeping prices of lpg and kerosene intact.In my view the reduction in prices of petrol and diesel is not adequate as the same is not commensurate with the decline in global crude oil price.
posted by padmaja @ 11:51 PM
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Cutting down or cutting out is a prudent question at this juncture when we are at in a situation of being caught between ‘Scylla & Charbidis’!! What we need to realize is that cutting out with a narrow perspective of recession may be unwise since one need to look beyond and the repercussion on the Exchequer.
posted by padmaja @ 11:49 PM
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The fuel price cut is to meagre and too late compared to the drastic decline of crude prices to one third from $150 a barrel.It is small booster shot to a sagging economy.Further cut in fuel price will stimulate cost reductions of vegetables and other commodities.
posted by padmaja @ 11:47 PM
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The rate cut of the petroleum products, is only symbolic against the anticipated level of Rs.10 for petrol and Rs 5 for Diesel’even though the crude oil price has come down to less than one third of the peak in last September and the reduction of Liquid gas price is kept under guessing.
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posted by padmaja @ 11:45 PM
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''The fateful 27th November witnessed 'Karaglil Revisiteda' in Mumbai. The Government and the Media are pouringss Operatlion Salvage Schemes. The enemy has enlarged its vision from' ''blasstings' to subterfuges'rom the land terrain to sea and likely to aerial raids. We envisage sophisticated Police Forceequipped withhelicoper winsgs and higsh-tech weapons.
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posted by padmaja @ 2:01 AM
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1. Government, by some way or other (campaign, advertisement thro’ media with max. public reach etc) should create alertness in the minds & every action of general public.2. Even small complaints of criminal offences like theft of house hold materials; mobile phones etc. should be handled by concerned with strict enforcement of law & should never be dealt with “easy-go” attitude. These types of malicious criminals only play a major role in facilitating the terrorists.
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posted by padmaja @ 1:59 AM
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The recent attack on Mumbai clearly indicated the loopholes in the Indian Security system. Politicians holding responsible position and Officials blaming each other failing to take appropriate action instantly. Politicians are thinking that people’s memories are very poor they will forget everything within brief span of time.
posted by padmaja @ 1:56 AM
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That a handful of men from a neighbouring country could cross the Indian territorial waters, land in Mumbai, procure the arms and ammunitions from local sources, ravage the high profile places and seize many as hostages for almost three days brings to the fore the gaping holes in our security system.
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posted by padmaja @ 1:52 AM
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