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Economy
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The views express by Dr.chkroboery seems to be very honest.The replies are to the pont and very clear.We can make out certain things from such bankers.pl.let us have more from him...
In reply to:
6th Pay Commission proposals to result in CRR hikes: PNB
Posted by :
MMB Messenger
KC Chakrabarty, CMD, Punjab National Bank, believes that if the Sixth Pay Commission’s recommendations are implemented there may be some more liquidity in the market, which would result in further CRR hikes. He also sees some repo rate hikes but does not see banks increasing interest rates immediately.
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KC Chakrabarty, CMD, Punjab National Bank, believes that if the Sixth Pay Commission’s recommendations are implemented there may be some more liquidity in the market, which would result in further CRR hikes. He also sees some repo rate hikes but does not see banks increasing interest rates immediately.
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India\'s exports increased by 31.2 per cent in July but the country\'s total import bill soared by 48.1 per cent on the back of huge rise in crude oil imports.
Exports grew to 16.34 billion dollars while imports rose to 27.14 billion dollars, leaving a trade deficit of 10.79 billion dollars in July, according to official figures released here today.
On the back of increase in global prices, the crude oil import bill in July shot up by 69.3 per cent to 9.48 billion dollars from 5.6 billion dollars a year ago.
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Korean Development Bank may buy up to 25% in the US investment bank, Lehman Brothers Holdings, for up to $6 bln. This will provide the much needed impetus to the ailing financial giant of USA. Financial stability in the US Financial system will impart in the improved stability and valuations in the indian financial system also and across the globe.
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In FEB2008 we predicted when Rs at 39.60 Exchange rate 42.5\45/48/52.5/55 till April 2010 . Mkt is responding accordingly . It may spoil gdp & growth of INDIA. Sensex we expect 2850 over 2yrs time . Be alert. America may restrict indian IT company after prsident election . Watchsituation . FD is topmost return as on today . Inter rate we expect 12 to 15 % very soon. SBI may be seriouly affected because of CENTRAL GOVT policy....
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The US Presidential Elections being over by Nov.2008 and Political turmoil being stabilised. The Economy in that Country is expected to be back to tracks. This is definitely going to have a positive percolating efect on the Indian Economy. Therefore F-1,2009 should see economy coming to boom in our country........\\\\\\\\...
In reply to:
RBI may hike CRR, not repo rate in Oct: Rel Cap
Posted by : MMB Messenger
Atsi Sheth, Chief Economist, Reliance Capital said that the inflation has not peaked yet. She believes that part of marginal decline in inflation is due to lower fuel prices. Sheth expects inflation to inch back up to the 13% mark.
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hey man,
atleast post a courtsey note if you lift a story from somewhere, word to word, courtsey, ecomomictimes!...
In reply to:
It may be too soon to exit oil-dollar bet
Posted by : stox & more
The long oil/short dollar bet may be off the table for now as energy prices ease and the US currency rises, but inflation and inherent risks in commodities supply could bring this popular trade back.
For over a year, one of the main themes in currency and commodity markets has been to short -- or sell -- the dollar as US economic health looked suspect, and go long -- or buy -- oil as an insurance against inflation and uncertainties in raw materials supply.
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A massive figure of Rs 29,000 Cr has been FII's outflow in last 8 months. Before the end game played by FII's , their inflow has been at more than INR/USD at 44. So they pumped more money to bring Rs below 40, so that their long term investment can take more $ on behalf of stronger Rs. So it was all BUMP and RUN case and now Rs is back to 44 level.
Trailing 24 months FII's money was at Rs 115,845 Cr at end of Oct 2007, now it is at less than half at Rs 55,893 Cr. Not a confidence boosting figure for investors....
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The long oil/short dollar bet may be off the table for now as energy prices ease and the US currency rises, but inflation and inherent risks in commodities supply could bring this popular trade back.
For over a year, one of the main themes in currency and commodity markets has been to short -- or sell -- the dollar as US economic health looked suspect, and go long -- or buy -- oil as an insurance against inflation and uncertainties in raw materials supply.
...
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Even as analysts talk about India continuing to be the second-fastest-growing economy, the Reserve Bank of India (RBI) has sought to inject some caution. The central bank has said the resilience of India and other emerging markets cannot be guaranteed and has warned about moderation in growth. In its annual report for 2007-08, the central bank also pointed out that there’s uncertainty on how long the divergence between growth of advanced and emerging economies will continue.
The annual report said outlook on capital flows to the emerging markets remains uncertain. On one hand, a massive injection of liquidity by central banks of developed economies has lead to large capital inflows to emerging markets. On the other hand, a change in global sentiments or monetary policy actions. “While emerging markets have remained resilient so far, there is uncertainty as to how long and to what extent the divergence of growth performance between advanced economies and emerging economy will persist in the future,” said the report.
The central bank has also pointed out that the global slowdown could have its impact on services sector since Indian BPO and IT-enabled services are mainly dependent on external market conditions. On one hand, cost-cutting measures in developed countries might increase outsourcing to India but on the other hand, a reduction in IT spending in these economies might work against BPO and IT-enabled services.
“As the global economy slows down, companies largely from developed economies, in their quest for reducing cost, might outsource a part of their operations to cheaper and efficient markets as India... As global slowdown has hit the financial services industry the most, outsourcing activities to India may decline as the financial services companies reduce their geographical operations,” said RBI in its report.
The central bank has said although the inflation risk continues, given that services constitute the predominant share of GDP, the adverse impact of fuel price pass through on the GDP may be somewhat lower, relative to other emerging markets. Unlike the global economy, which is expected to slowdown significantly, the Indian economy is expected to see slight moderation in growth.
Monetary policy may be tightened to modulate demand due to increasing global concerns on account of inflation and inflationary expectations. But conducting monetary policy is getting complicated by global developments and domestic demand pressures. The central bank has also highlighted the importance of fiscal policy in pushing the demand in the economy. Fiscal concessions in the form of higher tax exemption limits and adjustment of slabs may enhance disposable limits and adjustment of tax slab could enhance spending power.
This may have a positive impact on consumption demand, it said. -ET
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The economic growth moderated to 7.9 per cent in the first quarter of current fiscal, against 9.2 per cent a year ago as rising borrowing costs impacted manufacturing and some other sectors.
However, moderation in the GDP growth was expected as RBI hardened interest rates to control double-digit inflation. If the first quarter GDP growth continues in the remaining months of this fiscal, the economy would expand at the rate more or less proj ected by the Finance Minister Mr P Chidambaram as he projected the economy to grow by close to 8 per cent, compared to 9 per cent in the previous fiscal.
Manufacturing growth almost halved to 5.6 per cent, against 10.9 per cent as rising interest rates impacted their expansion. Even though agriculture grew by lower rate of three per cent, it is quite considerable on the high base of 4.4 per cent.
The other sectors which witnessed considerable decline in growth rate are electricity, gas and water supply, which expanded at the rate of 2.6 per cent against 7.9 per cent. In the services sector, trade, hotels, transport and communication grew by 11.2 per cent, against 13.1 per cent. While, financing, insurance, real estate and business services expanded by 9.3 per cent, against 12.6 per cent.
However, community, social and personal services grew by higher rate of 8.4 per cent, against 5.2 per cent. Construction activities also expanded at higher rate of 11.4 per cent, as compared to 7.7 per cent, while mining and quarrying grew by 4.8 per ce nt, against 1.7 per cent. In absolute terms, India\'s GDP stood at Rs 7,82,357 crore in the first quarter of this fiscal, against 7,24,949 crore in the corresponding period of 2007-08. - PTI
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what is gdp growth and what effect is on share market it is going up and down...
In reply to:
GDP down to 7.9%: Will RBI still hike rates?
Posted by : MMB Messenger
Q1 FY09 GDP at 7.9% versus 9.2% (YoY). Ila Patnaik, Senior Fellow, NIPFP had expected growth to slowdown a bit. Rajiv Anand of IDFC Mutual Fund had estimated the Q1 FY09 GDP number at 8.50%-8.70% and had said that anything below 8% is a disappointment. Atsi Sheth of Reliance Capital feels the GDP at 7.9% will disappoint the street
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IKF tech has target of 25 Rs. Within 2 months. Right now its trading at 7 Rs....
In reply to:
GDP down to 7.9%: Will RBI still hike rates?
Posted by : MMB Messenger
Q1 FY09 GDP at 7.9% versus 9.2% (YoY). Ila Patnaik, Senior Fellow, NIPFP had expected growth to slowdown a bit. Rajiv Anand of IDFC Mutual Fund had estimated the Q1 FY09 GDP number at 8.50%-8.70% and had said that anything below 8% is a disappointment. Atsi Sheth of Reliance Capital feels the GDP at 7.9% will disappoint the street
Tracked by: 0 Boarder
Q1 FY09 GDP at 7.9% versus 9.2% (YoY). Ila Patnaik, Senior Fellow, NIPFP had expected growth to slowdown a bit. Rajiv Anand of IDFC Mutual Fund had estimated the Q1 FY09 GDP number at 8.50%-8.70% and had said that anything below 8% is a disappointment. Atsi Sheth of Reliance Capital feels the GDP at 7.9% will disappoint the street ...
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Hiking the CRR rate is fine... But why the RBI is not paying interest to the banks on CRR since they were paying it earlier when the CDD was at lower ebb?
naren...
In reply to:
RBI may hike CRR, not repo rate in Oct: Rel Cap
Posted by : MMB Messenger
Atsi Sheth, Chief Economist, Reliance Capital said that the inflation has not peaked yet. She believes that part of marginal decline in inflation is due to lower fuel prices. Sheth expects inflation to inch back up to the 13% mark.
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