Surprises happen, often Taking a step back, we had no clue about the PM’s announcement about the de-monetization (banning of Rs 500 & Rs 1000 currency notes) and are still to come to terms with the impact and the after effects of the move. Neither had anyone any idea that a certain Donald Trump, a political first-timer, will be elected the President of the US of America! But both events happened, and took most, if not all of us, by surprise. Coming back to Indian markets, the commentators are as divided on the economic and political impact of the anti-black money drive on the common man as they were clueless about such an event unfolding. However, prima facie, I see the following likely outcomes: Rise in deposits, will bring down rates: If the so far, surge in bank deposits (Rs 4 lakh crores so far; ~4% of total deposits) are anything to go by, the move may shore up bank deposits which in turn would swell short term liquidity in the system, putting downward ...
I was witnessing with great sadness and despair as a neighboring nation, which once sported an open and progressive society and economically too was making a mark in the world, is now on the verge of getting enveloped in the thick black smoke of hate and violence. Politically, and strategically, such a decline will undoubtedly leave a more difficult (and dangerous) regional equation for countries like India. However, the deafening silence of our own liberal-left on the clear and present danger and on the human crimes (be it beheadings or hangings etc) clearly exposes how shallow their own “liberal” and “secular” ideologies are. While talking about this international situation, I am only painting a backdrop to the ever-darkening atmosphere for India. In this light another of our neighbor, who is growing more powerful and belligerent with each passing day, we at our present state of affairs, are ill-equipped to compete against. This neighbor, lets call it Red-2, is taking multi...
Its been a while since we are all locked up. And the raging pandemic continues to make mockery of Human lives and livelihood. Hold on....Keep your chin up...because every night has a dawn that follows it (so as they say.....scientifically not true though)
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