THE HIMALAYAN TALK: INDIAN GOVERNMENT FOOD SECURITY PROGRAM RISKIER

http://youtu.be/NrcmNEjaN8c The government of India has announced food security program ahead of elections in 2014. We discussed the issue with Palash Biswas in Kolkata today. http://youtu.be/NrcmNEjaN8c Ahead of Elections, India's Cabinet Approves Food Security Program ______________________________________________________ By JIM YARDLEY http://india.blogs.nytimes.com/2013/07/04/indias-cabinet-passes-food-security-law/

THE HIMALAYAN TALK: PALASH BISWAS CRITICAL OF BAMCEF LEADERSHIP

[Palash Biswas, one of the BAMCEF leaders and editors for Indian Express spoke to us from Kolkata today and criticized BAMCEF leadership in New Delhi, which according to him, is messing up with Nepalese indigenous peoples also. He also flayed MP Jay Narayan Prasad Nishad, who recently offered a Puja in his New Delhi home for Narendra Modi's victory in 2014.]

THE HIMALAYAN DISASTER: TRANSNATIONAL DISASTER MANAGEMENT MECHANISM A MUST

We talked with Palash Biswas, an editor for Indian Express in Kolkata today also. He urged that there must a transnational disaster management mechanism to avert such scale disaster in the Himalayas. http://youtu.be/7IzWUpRECJM

THE HIMALAYAN TALK: PALASH BISWAS LASHES OUT KATHMANDU INT'L 'MULVASI' CONFERENCE

अहिले भर्खर कोलकता भारतमा हामीले पलाश विश्वाससंग काठमाडौँमा आज भै रहेको अन्तर्राष्ट्रिय मूलवासी सम्मेलनको बारेमा कुराकानी गर्यौ । उहाले भन्नु भयो सो सम्मेलन 'नेपालको आदिवासी जनजातिहरुको आन्दोलनलाई कम्जोर बनाउने षडयन्त्र हो।' http://youtu.be/j8GXlmSBbbk

THE HIMALAYAN TALK: PALASH BISWAS LASHES OUT KATHMANDU INT'L 'MULVASI' CONFERENCE

अहिले भर्खर कोलकता भारतमा हामीले पलाश विश्वाससंग काठमाडौँमा आज भै रहेको अन्तर्राष्ट्रिय मूलवासी सम्मेलनको बारेमा कुराकानी गर्यौ । उहाले भन्नु भयो सो सम्मेलन 'नेपालको आदिवासी जनजातिहरुको आन्दोलनलाई कम्जोर बनाउने षडयन्त्र हो।' http://youtu.be/j8GXlmSBbbk

THE HIMALAYAN TALK: PALASH BISWAS BLASTS INDIANS THAT CLAIM BUDDHA WAS BORN IN INDIA

THE HIMALAYAN VOICE: PALASH BISWAS DISCUSSES RAM MANDIR

Published on 10 Apr 2013 Palash Biswas spoke to us from Kolkota and shared his views on Visho Hindu Parashid's programme from tomorrow ( April 11, 2013) to build Ram Mandir in disputed Ayodhya. http://www.youtube.com/watch?v=77cZuBunAGk

THE HIMALAYAN TALK: PALSH BISWAS FLAYS SOUTH ASIAN GOVERNM

Palash Biswas, lashed out those 1% people in the government in New Delhi for failure of delivery and creating hosts of problems everywhere in South Asia. http://youtu.be/lD2_V7CB2Is

Palash Biswas on BAMCEF UNIFICATION!

THE HIMALAYAN TALK: PALASH BISWAS ON NEPALI SENTIMENT, GORKHALAND, KUMAON AND GARHWAL ETC.and BAMCEF UNIFICATION! Published on Mar 19, 2013 The Himalayan Voice Cambridge, Massachusetts United States of America

BAMCEF UNIFICATION CONFERENCE 7

Published on 10 Mar 2013 ALL INDIA BAMCEF UNIFICATION CONFERENCE HELD AT Dr.B. R. AMBEDKAR BHAVAN,DADAR,MUMBAI ON 2ND AND 3RD MARCH 2013. Mr.PALASH BISWAS (JOURNALIST -KOLKATA) DELIVERING HER SPEECH. http://www.youtube.com/watch?v=oLL-n6MrcoM http://youtu.be/oLL-n6MrcoM

Imminent Massive earthquake in the Himalayas

THE HIMALAYAN TALK: PALASH BISWAS CRITICIZES GOVT FOR WORLD`S BIGGEST BLACK OUT

THE HIMALAYAN TALK: PALASH BISWAS CRITICIZES GOVT FOR WORLD`S BIGGEST BLACK OUT

THE HIMALAYAN TALK: PALASH BISWAS TALKS AGAINST CASTEIST HEGEMONY IN SOUTH ASIA

Palash Biswas on Citizenship Amendment Act

Mr. PALASH BISWAS DELIVERING SPEECH AT BAMCEF PROGRAM AT NAGPUR ON 17 & 18 SEPTEMBER 2003 Sub:- CITIZENSHIP AMENDMENT ACT 2003 http://youtu.be/zGDfsLzxTXo

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Tuesday, January 5, 2016

Free Market economy of More consumption and less growth!Sorry!Governor Rajan,you were already bankrupt and now you have to lose the job! Indian economy is not doing good, reforms have slowed down: CII President "The economy should have done a lot better. It can do a lot better. A reform like the GST would give the whole industry such a psychological boost that you would see a rapid pack of pick up in the economy," said CII President. Despite Modi sarkar's tall claims, it's bure din for Indian economy! Make in India, has become just"Make believe in India." Palash Biswas

Free Market economy of More consumption and less growth!Sorry!Governor Rajan,you were already bankrupt and now you have to lose the job!

Indian economy is not doing good, reforms have slowed down: CII President

"The economy should have done a lot better. It can do a lot better. A reform like the GST would give the whole industry such a psychological boost that you would see a rapid pack of pick up in the economy," said CII President.

Despite Modi sarkar's tall claims, it's bure din for Indian economy!

Make in India, has become just"Make believe in India."

Palash Biswas

Less Growth!More Consumption under Free Market!

China economic slowdown - The Telegraph

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4 days ago

latest from the Yangtze River Delta ... columnists give their opinion on China's economy in the final video ...

Why is China's Economy Slowing Down? - The Real News

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LI: Well, the Chinese economy, of course, has been suffering from this overcapacity .... There is more in my ...

Alibaba's Jack Ma: Next year 'tough' for China economy

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Nov 11, 2015

He said the Chinese economy will only be sustainable once it is "clean" and "transparent," and the next ...

China's economic woes provide India with 'great opportunity ...

Video for indian economy under chinese shadows

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Sep 3, 2015

India's economy has long labored in the shadow of its great Asian rival, but ... that of India, while the ...


World Economic Forum

Public



"Companies will need a new playbook to capture the coming wave of growth."

3 great forces changing China's consumer market

Dec Factory Activity Shrinks







ET reports:Ending a 25month expansion run, manu facturing activity in India contracted in December, indicating that a festivalrelated surge may not be sustainable. The Nikkei India Manufacturing Purchasing Managers' Index dipped to 49.1 in December from 50.3 in November.


Whatever his credit hyped so much so,I never considered RBI Governor Rajan an economist who had been the supreme financial manager subordinated to corporate lawyer of the Dow Chemicals and he had been engaged to manage the rate so often as a Bankrupt without having the Raj so ever and it meant no production at all and it meant to ensure free flow of foreign capital and foreign interest only for the Free Market of More consumption and less growth!


I am afraid to say a spade a spade only and I have no obligation to be politically correct and it is the truth despite the so much so media hype about Bull Rune managed to project growth and development at the cost of humanity and nature for imminent man made disaster as we see no end of calamities in sight.The ethnic cleansing to rape the nature,the open loot Farrukhabad has to legal and this legislation for disaster and only disaster is defined as economic reform by the ruling children of black Money neoliberal hegemony racist,brute and inhuman!


It is not a news for me as the National Disaster Management Authority has attributed to the increase in earthquake risk in the region due to a spurt in developmental activities driven by urbanization, economic development and globalization. ( See more at: http://indianexpress.com/article/explained/manipur-quake-seismic-warning-for-the-north-east/#sthash.yajr2FW2.dpuf)



However,New chiefs are scheduled to be appointed at the Australian and Malaysian monetary authorities, while the Indian central bank governor's term is also up.As this year will herald a changing of the guard among some central banks in Asia, right at a time when the region's economy is facing significant headwinds.Mindy you as it is very very noteable that the changes will come as China's slowdown continues to reverberate, the commodities slump is expected to linger and Asia's policy makers are tipped to cut interest rates further even as the US Federal reserve is tightening.


U.S. China - Bloomberg

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2 days ago

Global Stocks Sink on China, U.S. Growth Concerns .... drive a 2.4 percent slump in the MSCI Asia Pacific ...

China Halts Stock Trading After 7% Rout Triggers Circuit ...

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2 days ago

The worst-ever start to a year for Chinese shares triggered a trading ... a 2.4 percent slump in the MSCI Asia ...

China's Two-Speed Economy Stays Intact as Factories Slump

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2 days ago

China's economic rebalancing remained intact as the first economic reports of 2016 signaled manufacturing ...



The dragon is melting down as the Chinese walls are wide open for slump now which threaten to inflict not only India but the developed economies also!No walling with sand should stop it because it is by default resultant due to the habitual masterbation practice without any productive culture  whatsoever just to maintain the plastic cash flow in digital biometric robotic nations under surveillance and virtual military rule in an environment of Total 1984 mode,suspending human as well as civil rights to kill the humanity and nature both!


Meanwhile,Over the last year, exports have dropped by 16.52 per cent. In November 2015 alone, exports crashed by 24 per cent or $20 billion. In the first nine months of 2015, Indian exports declined by 17 per cent, while world exports fell by 11 per cent.


What about increases in Foreign Direct Investment (FDI) which the finance minister claims? According to Emkay Global, FDI, instead of of increasing domestic manufacturing, has contributed to increasing imports.

Job creation, in the face of large-scale unemployment, is critical.

In April-June 2014, new jobs created in eight major sectors of the economy were only 1.82 lakh. In the next quarter, job creation dropped to 1.2 lakh. After that, in the following quarter, job creation slumped to 64,000 jobs. By April-June 2015, new job creation contracted to only 43,000.


Jaitley cites that the revenue collection has gone up. But this is because of a revenue target of 18.8 per cent, which in this economic context, could turn out to be inflationary.



Meanwhile,The proposed Goods and Services Tax law that will subsume all indirect taxes like excise duty, service tax and sales tax into one uniform rate, is stuck in the Rajya Sabha where the ruling NDA government lacks majority.


The opposition Congress is demanding three major changes in the bill and stalled the passage of the Constitution Amendment Bill in the last two sessions, derailing government's plan to roll out GST from April 1, 2016.


No less than one spokesperson of free market economy Bibek Debroy writes:


As we enter 2016, I wish to focus on an area that is relatively ignored in the Indian economy: public expenditure. The term not only includes Union-level expenditure scrutinised in Union Budgets, but also state-level and local body expenditure, financed through own resources or through devolution. The year 2015 was a distorted year for this public expenditure.

The year 2016-17 will remove this uncertainty, at least so far as Union-State devolution is concerned. There are now core schemes (there is something called core of the core, but we can ignore that) and optional ones. Every state has to implement a core scheme, but can choose to opt out of an optional one. This is for centrally-sponsored schemes, where states have to provide a matching grant. Other schemes continue as central sector schemes. There are 30 such centrally-sponsored schemes.

But there are three reasons why 2016-17 will be difficult for states. First, there will be recommendations of existing, or new, state-level Finance Commissions to suggest what states should do with the untied funds they will now get, including devolution to local bodies. Second, state-level budgetary nomenclature and heads will have to be completely aligned with this new set of conditions. In many instances, state-level departments will have to be rationalised and harmonised. Third, all these new schemes are "umbrella" ones.

Historically, states have always complained, for valid reasons, about rigidity of templates devised in Delhi. By making them "umbrella", there is greater flexibility, but compliance requirements are also more, since there has to be a greater link to tangible improvement in outcomes.

Today, most states lack the capacity to immediately do all this. Therefore, I suspect few will immediately opt for optional schemes. In 2016-17, as a country, we will have to figure out ways of handling this overturning of an institutional mechanism that has lasted for more than six decades.

To complicate matters, let me now bring in Sustainable Development Goals (SDGs), to be achieved by 2030. There are 17 goals, with several targets under each goal. India has to figure out means of getting data (where targets are specific) and quantifying and means of getting data (where targets are more imprecise). This is especially true in social sectors, where we have a data problem.

Some of it is about a time-lag; the rest of it is about the quality of data per se. Take the phenomenon of GDP numbers. There is no denying that the new GDP series is better than the old one. Nevertheless, we still have a huge problem with unorganised sector data for national income accounts.

It's really satisfactory for organised manufacturing alone. There is discussion about whether we will end 2015-16 with seven per cent real GDP growth or eight per cent. These are real growth numbers.

Though I am simplifying a bit, in all probability, there will be little difference in nominal growth numbers between the two points of view, seven per cent versus eight per cent. In other words, we have a problem with the deflator used to go from nominal to real.

This again underlines the data problem. There is talk of removing tax exemptions, incentivising employment creation or start-ups and introducing satisfactory exit (bankruptcy) provisions. In each such instance, there is a problem with data, partly ascribed to the fact that India is still largely an informal/unorganised (not to be confused with illegal) economy.

While the transition to formality is a function of development and takes time, I think the data problem does need to be addressed in 2016. There was a statistical commission report in 2001.

Sadly, most gaps pointed out in 2001 still remain.

(Courtesy of Mail Today.)


How funny it should sound despite the claim of business friendly governance of Hindutva!


Here you are!

INDIA TO BEAT CHINA IN ECONOMIC GROWTH IN 2016

Video for indian economy 2016▶ 1:31

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Jul 19, 2015 - Uploaded by bmtoday

According to the latest report by the International Monetary Fund (IMF), India will be the world's fastest growing ...

Indian economy to grow at 8.1% in 2015-16: UN report ...

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May 16, 2015

Indian economy is likely to clock 8.1 percent growth in the current ... is forecast to accelerate to 8.1 percent in ...

India Beat China Again As Fastest-Growing Economy In 2016

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India will be the world's fastest growing economy for the second consecutive year in 2016 at 7.5 per cent ...

IMF slashes India's GDP forecast to 7.3% for FY16

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India would remain the fastest growing economy in the world even if it ... of GDP in the current financial year ...

'India to grow @ 6.3% in CY15, will overtake China by 2016 ...

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The brokerage firm sees India overtaking China as the fastest-growing large economy in the world by 2016 ...

Indian economy to grow 7.5% in 2015, 8% in 2016: Fitch ...

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Fitch Ratings has revised India's growth estimates for 2015 and2016. Fitch Ratings now expects the Indian ...

India Will Be Fastest Growing Major Economy by 2016 ...

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Indian economy to grow 7.5% in 2015, 8% in 2016: Fitch

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Indian economy to grow 7.5% in 2015, 8% in 2016: Fitch ...

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Fitch Ratings has revised India's growth estimates for 2015 and2016. Fitch Ratings now expects the Indian ...

Indian economy to grow 7.5% in 2015, 8% in 2016: Fitch ...

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Fitch Ratings has revised India's growth estimates for 2015 and2016. Fitch Ratings now expects the Indian ...

2015 Review of the Indian Economy - YouTube

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The Indian economy has bottomed out and is on a revival path, with growth strengthening, helped by positive ..


Thus,Indian economy is not doing good, reforms have slowed down,cries the CII President!

"The economy should have done a lot better. It can do a lot better. A reform like the GST would give the whole industry such a psychological boost that you would see a rapid pack of pick up in the economy," said CII President.


Sorry!Governor Rajan,you were already bankrupt and now you have to lose the job!


"It (the economy) should have done a lot better. It can do a lot better. A reform like the GST would give the whole industry such a psychological boost that you would see a rapid pack of pick up in the economy," the CII President told PTI in an interview.


Asked whether there was a slowdown in the reforms over the last few months, Mazumder said: "There is a slowdown but the reforms are still going through. So, it is not as if the reforms have totally stopped".


He said the "pace of reforms will pick up once Parliament knows how to function".


On GST logjam, he said, "GST has been a huge disappointment because everybody recognises the benefits of GST, on how the GDP will be impacted positively and ease of doing business will go up by quite a few notches...


"This logjam in Parliament has been a very big disappointment and sometimes you have got to draw a line between politics and what is good for the country."


Sharing the wish list for the Budget, Mazumder said a major thrust is required by the government to stimulate rural demand and boost infrastructure development.

He also urged that the phased corporate tax reduction to 25 per cent from the prevailing 34 per cent be done in tandem with removal of allowances.


"We would like to see him (FM) take some initiatives where demand gets a stimulation because that is a major concern right now. We would request that reduction of corporate tax and removal of allowances be done in tandem.


"We would like to see continuation of investments that are being made by the government right now and by the PSUs. However, the fiscal deficit must be maintained, that should not be sacrificed and one of the ways to do it would be through disinvestment. We want to see a lot more impetus on infrastructure and construction," Mazumder said.


The industry is looking forward to lower interest rates, he said, but added that he does not expect any more reduction in interest rates in the current fiscal because the rupee is not performing well.


"We won't see any big bang reduction in interest rates but it will be in small increments like last year," he said.


The CII President also pointed out that steps taken towards "ease of doing business have been translated onto the ground".

Budget 2016: Government might break its budget deficit targets to stimulate demand

Economic Times - ‎11 hours ago‎

NEW DELHI: India claims to be the world's fastest-growing major economy, yet the government might break itsbudget deficit targets to stimulate demand, potentially undermining the central bank's fight against inflation. Statistically, Asia's third ...

Government Weighing Fiscal Stimulus in Budget, Says Report

NDTV - ‎10 hours ago‎

New Delhi: India claims to be the world's fastest-growing major economy, yet the government might break its Budget deficit targets to stimulate demand, potentially undermining the Reserve Bank of India's fight against inflation. Statistically, India ...

Budget 2016: Govt may raise fiscal deficit targets to boost demand

International Business Times, India Edition - ‎8 hours ago‎

The Narendra Modi government is reportedly examining proposals to revise up the fiscal deficit targets in a bid to boost domestic demand, even as it claims India as the world's fastest-growing economy. Such a move could severely undermine the efforts ...

FM Arun Jaitley weighs relaxing fiscal deficit targets in Budget

Business Today - ‎9 hours ago‎

The government might break its budget deficit targets to stimulate demand, potentially undermining the central bank's fight against inflation. Statistically ... Bhanumurthy says ideally India should use producer prices for calculating the deflator. But ...

Govt Weighs Fiscal Stimulus In New Budget Despite Fast Economic Growth

BW Businessworld - ‎10 hours ago‎

05 January, 2016 by BW Online Bureau. Print this article Font size -16+. Advertisement. Indiaclaims to be the world's fastest-growing major economy, yet the government might break its budgetdeficit targets to stimulate demand, potentially undermining ...

Baseline Scenario: After a gloomy mid-year picture, RBI's brighter growth ...

The Indian Express - ‎22 hours ago‎

Last month, the Mid-Year Economic Review had sharply lowered projection for this year's nominal GDP growth rate to 8.2 per cent from 11.5 per cent assumed in the Budget and stated that real GDP growth rate for next year is unlikely to be significantly ...

Raising Excise On Petrol And Diesel Again Shows Govt Is A One-Trick Pony

Swarajya - ‎12 hours ago‎

And that is clearly not a good sign as we enter 2016. Dear Reader,. While you, me and ... On 11 November, 2014, when the excise duty on petrol and diesel was increased by the Narendra Modi government for the first time, the price of the Indian basket ...


Jan 05 2016 : The Economic Times (Kolkata) reports:

India in Lockstep with China's Great Leap Downward


Mumbai:

Our Bureau





DROP ZONE Sensex sheds 537 points in tandem with other markets on worries about a slump in China and fresh tensions in Middle East

A wave of liquidation lashed Indian and global financial markets on Monday as worries about a downturn in China and fresh geopolitical tensions in the Middle East spooked investors. India's key stock indices were pummeled more than 2% -their highest single-day fall in three-and-a-half months -as foreign investors, worried about the impact of weakening emerging market currencies on the value of their holdings, dumped Indian stocks. Foreigners' bets on the Nifty in the options segment point to expectations of another 2-4% fall in the index in the near term.

China's Shanghai Composite In dex plunged 7% after weak manufacturing data dragged down shares, prompting the country's stock exchange to halt trading. The Chinese central bank's move to fix the yuan at a four-and-a-half year low added to the worries. The turmoil in China rubbed off on the rest of Asian and European markets.

The BSE Sensex dropped 537 points, or 2.05%, to close at 25,623 on Monday, its steepest fall since September 22. Nifty declined 171 points, or 2.16%, to end at 7,791. The decline in India's manufacturing activity in December for the first time in more than two years also intensified worries about the health of the Indian economy. Provisional data from the BSE showed that foreign funds sold Rs 670 crore worth of Indian stocks on Monday.







Asian Stocks Open Mixed After China Manufacturing, Share Slump Roiled Global ...

International Business Times - ‎17 hours ago‎

RTS8TY Investors talk in front of an electronic board showing stock information at a brokerage house in Shanghai, China, Sept. 9, 2015. On Tuesday, Asian stocks headed down for a second day after a stock slump in China on Monday roiled global markets.

Dow Jones and TSX slump after China halts trading due to huge dive

CBC.ca - ‎22 hours ago‎

Stock markets in Toronto and New York were sharply lower today after Chinese stocks plunged by more than seven per cent, triggering an automatic shutdown of trading in China. The Dow Jones industrial average closed down about two per cent or 276 ...

Crisis in China triggers global stocks slump

Belfast Telegraph - ‎11 hours ago‎

The sell-off in China was sparked by yet another report of poor performance in the manufacturing sector in the world's second biggest economy, which shrank for a 10th consecutive month in December and by a faster pace than in November, sparking ...

Emerging assets slump on China selloff as Iran-Saudi ties sour

Chicago Tribune - ‎20 hours ago‎

Emerging-market assets sank as a bigger- than-forecast slump in Chinese manufacturing fueled concern that the nation's economic slowdown will curb global growth and escalating tension between Saudi Arabia and Iran underscored geopolitical risks in the ...

Global Stocks Sink on China, U.S. Growth Concerns

Bloomberg - ‎21 hours ago‎

In Asia, Japan's Topix index slid 2.4 percent to drive a 2.4 percent slump in the MSCI Asia Pacific Index as China's CSI 300 Index slid 7 percent, spurring a trading halt. New Zealand's S&P/NZX 50 Index, the first major stock gauge to get going each ...

What China's slump means for Indian companies

Economic Times - ‎17 hours ago‎

Just when things were settling down after the rate hike by US Fed, a sharp contraction in the purchasing manager index ( PMI) of China has again begun to haunt global markets. After the data was released, the Chinese market hit a lower circuit of 7%.

7 Percent Drop Closes Chinese Stock Markets; U.S., World Markets AlsoSlump

NPR - ‎Jan 4, 2016‎

China's stock markets stumbled badly on the first day of trading in 2016, with a 7 percent plunge forcing a market shutdown. The trigger mechanism that cut the day short in Shanghai and Shenzhen was created in response to last year's market crash ...

Global stocks begin 2016 with China growth hangover

Yahoo News - ‎Jan 4, 2016‎

New York (AFP) - Fresh evidence of China's economic slowdown sent world stock markets tumbling on Monday, with Europe and the United States following Asia sharply lower in a gloomy start to 2016. ... Milan slumped 3.2 percent and Paris shed 2.5 percent ...

China stocks rout on first market day of 2016 trips national trading halt

Reuters - ‎Jan 4, 2016‎

And more weakness may be in the cards on Tuesday if the behavior of a U.S. exchange traded fund tracking mainland China shares is a guide. The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF slumped nearly 9 percent in midday U.S. trading, ...

Stock markets slump after China troubles

MoneySense - ‎Jan 4, 2016‎

TORONTO – Stock markets around the world got off to a bad start in the first day of trading for 2016, sparked by a sharp drop in China that triggered a new "circuit breaker" mechanism that closed trading early to limit losses. The Toronto Stock ...

Stock markets slump around the world after Beijing share price collapse

Daily Mail - ‎22 hours ago‎

Fears remain for global share markets after stocks plunged 7 per cent in China, causing a ripple effect that wiped nearly £40billion off the value of leading UK firms yesterday. The poor start to trading for 2016 hit the DOW and FTSE 100, both of which ...

China Hits Wrong 7% Target as Stocks Slump: Chart

Bloomberg - ‎Jan 4, 2016‎

Understanding the motivation of China's momentum-driven investors is always tough to do. But Monday's drop likely reflects the idiosyncrasies of the market more than the fundamentals of the economy and exchange rate. That means the impact on global ...

Slump in home market drags down US-traded Chinese stocks

China Daily - ‎16 hours ago‎

Trading in mainland on the first day of the year closed earlier than expected , as a 7 percent slumpof Shanghai - and Shenzhen-listed blue chips triggered circuit breaker mechanism . The benchmark Shanghai Composite closed at 3,296.26, down 6.9 ...

China shares slump 7%, trading halted for rest of the day

Hindu Business Line - ‎Jan 3, 2016‎

China's benchmark CSI300 share index tumbled 7 per cent on the first session of 2016 on Monday, prompting the stock exchange to halt trading for the rest of the day. The "circuit breaker" suspension mechanism first came into effect on Monday.

China share trading halted for the day after 7% slump activates circuit breaker

Channel News Asia - ‎Jan 4, 2016‎

SINGAPORE: Trading in China's stock markets has been halted for the rest of the day, after a 7 per cent plunge in the blue-chip CSI300 index in the afternoon trading session triggered a circuit breaker mechanism which came into effect on Monday (Jan 4).

China Halts Stock Trading After 7% Rout Triggers Circuit Breaker

Bloomberg - ‎Jan 3, 2016‎

The worst-ever start to a year for Chinese shares triggered a trading halt in more than $7 trillion of equities, futures and options, putting the nation's new market circuit breakers to the test on their first day. Trading was halted at about 1:34 p.m ...

China stocks slump in gloomy start to 2016

Reuters - ‎Jan 3, 2016‎

SHANGHAI Jan 4 China stocks slumped more than 3 percent on the first day of trading in 2016 after weak factory activity surveys soured hopes that the world's second-largest economy will enter the new year on better footing. Investors also dumped ...

China stocks slump 4 pct in gloomy start to 2016 on weak factory data

Economic Times - ‎Jan 3, 2016‎

A private survey showed China's factory activity contracted for the 10th straight month in December, and at a sharper pace than in November. An official survey on Friday, which focuses on larger, state-owned firms, showed a fifth month of contraction ...

China stocks slump 7pc on opening day of 2016, trading halted for first time

ABC Online - ‎Jan 3, 2016‎

The Chinese share market has been forced to close early after stocks tumbled on the first day of trade for the year, triggering a new "circuit breaker" mechanism. The system, which came into effect today, forces the market to close if China's CSI 300 ...

Stocks slump as China selloff halts trading

Moneyweb.co.za - ‎Jan 4, 2016‎

The slump in developing nations harks back to financial turmoil in August that was fueled byChina's devaluation of the yuan. It shows the pace of growth in the world's second-largest economy will remain key for markets in 2016 after a slowdown last ...

China's economic slowdown triggers global stocks slump

Raw Story - ‎Jan 4, 2016‎

Fresh evidence of China's economic slowdown sent world stock markets tumbling on Monday, with Europe and the United States following Asia sharply lower in a gloomy start to 2016. Shanghai equities plunged seven percent, leading an Asian meltdown, ...

U.S. Stocks Tumble After Selloff in China Renews Growth Concern

Bloomberg - ‎Jan 4, 2016‎

McGraw Hill Financial Inc. and Huntington Bancshares Inc. fell the most, losing more than 3.2 percent. An index tracking bank stocks slumped 2.6 percent to the lowest since Oct. 21, and traded with volume 58 percent above their 30-day average ...

China Stocks Slump 7% on Weak Data Surveys

Fox Business - ‎Jan 4, 2016‎

Chinese stock markets tumbled 7 percent in their opening session of 2016 on Monday as weak factory activity surveys and falls in the yuan added to concerns about the struggling economy, forcing exchanges to suspend trade for the first time. Early ...

Charting the Markets: China Rout Ripples Across Stock Markets

Bloomberg - ‎Jan 4, 2016‎

Global equities dropped after a 7 percent decline in Shanghai forced China to halt stock trading and Saudi Arabia severed ties with Iran, spurring a flight to haven assets. The MSCI Asia Pacific Index sank as much as 2.2 percent, the most since Sept.29.

Dow, Nasdaq and FTSE among markets spooked by Chinese stock slump

International Business Times UK - ‎20 hours ago‎

More than £38 billion was wiped off the value of London's FTSE 100 index while in Europe and the US, markets were spooked about the state of the Chinese economy in 2016's first day of full trading. Germany's share index the DAX posted its worst start ...

China stocks slump 4%

Business Spectator - ‎Jan 3, 2016‎

China stocks have started 2016 on a rough note, slumping 4 per cent after weak factory activity surveys soured hopes that the world's second-largest economy will enter the new year on better footing. Investors also dumped stocks ahead of the imminent ...

China Slump, Selloff in the First Trading Day of 2016 Are Exaggerated

TheStreet.com - ‎Jan 4, 2016‎

Well, nobody said that rebalancing China's huge economy toward domestic consumption to rely less on exports for growth would be easy. The first day of trading of 2016 proves just this point -- but the markets' reaction to what happened in China is ...

China stocks slump 7 pct on opening day of 2016, trading halted for first time

Reuters UK - ‎Jan 3, 2016‎

(Adds trading halted for day after slide of 7 pct). * Trading halted as CSI300 slumps 7 pct, circuit breakers hit. * Two surveys point to shrinking China factory activity. * Investors worry about a glut of share supplies. * Further losses in yuan add ...

China suspends stock trading on first day of 2016 after 7% slump activates ...

International Business Times UK - ‎Jan 4, 2016‎

Chinese stock trading was halted on the first day of trading in 2016 after the CSI300 index plunged by more than 7%. The CSI300 of companies listed in Shanghai and Shenzhen fell as much as 7.02% at around 1.28pm local time on 4 January, triggering the ...

Stock futures fall after China slump renews growth concern

NorthJersey.com - ‎Jan 4, 2016‎

U.S. stock-index futures tumbled to start 2016, as a rout in Chinese equities renewed concern that an economic slowdown there will damp global growth. Investors returning to the market after the New Year holiday are facing a selloff that spread from ...



Please read these stories! (http://www.dailyo.in/business/?page=7)


MONEY

 |  MACRO MATTERS  |  3-minute read

4G, TRAI, Telecom

Why phone connections may exceed India's population in 2016

4G's launch across the country this year will surely lead to some churn in the telecom market.

Tina Edwin

TINA EDWIN

@tinaedwin

MONEY

 |  4-minute read

Indirect Tax, VAT, GST

How many more taxes do we need to pay?

The plethora of levies has throttled demand and dashed hopes of having a better standard of living.

Anshuman Tiwari

ANSHUMAN TIWARI

@anshuman1tiwari

MONEY

 |  7-minute read

Consumer-centric commerce, Online shopping, Retail industry

Why consumer-centric commerce is the future of retailing

Digital and physical spaces have to complement each other to reduce costs, increase sales and deliver high degrees of personalisation.

Rupak Agarwal

RUPAK AGARWAL

@rupakagarwal

MONEY

 |  2-minute read

Online Fraud, Customer Service

Why do banks hire dimwits for customer care executives?

Do they even know who they are hiring and what they are paying employees for?

Suchitra Krishnamoorthi

SUCHITRA KRISHNAMOORTHI

@suchitrak

MONEY

 |  MACRO MATTERS  |  3-minute read

Tax havens, Hawala, Black Money

How India has been illegally exporting money across borders

We have become the third largest victim of such outflows after China and Russia.

Tina Edwin

TINA EDWIN

@tinaedwin

MONEY

 |  MACRO MATTERS  |  5-minute read

FDI, Maurti Suzuki

Why Maruti's shareholders have a job on their hands

Many feel that the company's investors would be short-changed by the proposed structuring of fresh business by parent Suzuki.

Tina Edwin

TINA EDWIN

@tinaedwin

MONEY

 |  4-minute read

Gold, Banking, Indian Economy

How populism triumphs over urge to reform banking industry

Contrary to the expectations, Modi government has clearly sidelined the 'big bank' reforms.

Anshuman Tiwari

ANSHUMAN TIWARI

@anshuman1tiwari

MONEY

 |  MACRO MATTERS  |  3-minute read

Airtel, Mobile phones, Land line phones

Are land lines ringing from the grave?

Now, subscribers are seeing the benefits of fixed line services.

Tina Edwin

TINA EDWIN

@tinaedwin

MONEY

 |  MACRO MATTERS  |  4-minute read

Maggi Noodles, Patanjali Noodles

Patanjali noodles and more, Baba Ramdev's got India eating out of his hand

The masses will buy into his assurance that they are a healthy alternative to cooked meals in times of high food inflation.

Tina Edwin

TINA EDWIN

@tinaedwin

MONEY

 |  MACRO MATTERS  |   4-minute read

Inflation, Wholesale price index, Economy

What helped wholesale price inflation stay negative?

Sharp drop in petroleum prices is only one of the reasons.

TINA EDWIN

@tinaedwin

MONEY

 |  MISCELLANY  |   4-minute read

TinyOwl, Start ups

What TinyOwl ex-employees holding co-founder hostage says about our start-ups

In the long run, the company may simply fold if it cannot find a viable alternative to the shaky food delivery space.

VIKRAM JOHRI

@voharijikram

MONEY

 |  MACRO MATTERS  |   5-minute read

Narendra Modi, Gold

Will India lose its appetite for gold jewellery?

For those who are not emotionally attached to the yellow metal, the process of monetisation could prove to be painful.

TINA EDWIN

@tinaedwin

MONEY

 |  MACRO MATTERS  |   5-minute read

World Bank, Ease of Doing Business

Why India's climb up Doing Business rankings will be slow

Among bigger hurdles, India Inc may face transition problems in the initial phase of the much-awaited GST.

TINA EDWIN

@tinaedwin

MONEY

 |   5-minute read

Books, Cash transfer, Banking

Indian banking must switch to electronic payment system

Edited book excerpts from 'Rebooting India: Realizing A Billion Aspirations'.

NANDAN NILEKANI AND VIRAL SHAH

MONEY

 |  MUSINGS FROM AFAR  |   4-minute read

India-Africa Summit, Indian Economy

Our economy desperately needs India-Africa Summit to be a success

The country wants a 'developmental partnership' with the region to consolidate strategic ties.

HARSH V PANT

MONEY

 |   2-minute read

Leadership, Business

Five easy steps to take your business to the next level

It's all about innovation and building scale for further growth.

FARAH MALIK

MONEY

 |   4-minute read

TRAI, Call Drops, Digital India 

Subsidy for call drops. Is this Digital India?

The government and TRAI must not presume that consumers prefer monetary compensation over pitiable services.

ANSHUMAN TIWARI

@anshuman1tiwari

MONEY

 |   4-minute read

Malaysia, Racism, Make in India

What Make in India can learn from Malaysian economy

Increase in discontentment is a fallout which will sooner or later come to haunt the growth story.

SAMBIT DASH

@sambit_dash

MONEY

 |   5-minute read

Cash transfer, Electricity Act 2003, Power distribution

To power up villages, put money in consumer's pocket first

Efficient and large-scale electricity distribution needs cash transfers scheme more than financial engineering.

DIPESH DIPU

@ddipu

MONEY

 |   5-minute read

Indian Economy, Arun Jaitley, GST

Why goods and services tax is no magic

The logic of growth slumps owing to a five-storey GST.

ANSHUMAN TIWARI

@anshuman1tiwari

MONEY

 |   3-minute read

Reserve Bank of India, Monetary Policy, Raghuram Rajan

Why Raghuram Rajan will remain stingy on lowering interest rates

Anything above a 25 basis points cut in rates will be too much to ask for from the RBI governor as he sits for a monetary policy review next week.

MG ARUN

@mgarun1

MONEY

 |   4-minute read

China, Indian Economy

How cheap Chinese goods are bad for India

A percentage point in growth here or there does not mean that the elephant is poised to catch up with the dragon.

SPS PANNU

MONEY

 |  MISCELLANY  |   5-minute read

Fmcg, Mba, IIM

Why is our success dependent on the business school we attend?

The moment you are in line for something serious you start stepping on a fair number of toes.

VIKRAM JOHRI

@voharijikram

MONEY

 |   4-minute read

Raghuram Rajan, Arvind subramanian, Deflation, RBI

My disinflation is actually your deflation

Household surveys show that nobody believes there will be negative inflation.

SHWETA PUNJ

@shwetapunj

MONEY

 |   5-minute read

Narendra Modi, Arun Jaitley, Rupee

Is weak rupee still a national shame for PM?

Technically, by advocating a perennially strong Indian currency, the Modi-Jaitley duo has been supporting British colonial economic policies.

ANSHUMAN TIWARI

@anshuman1tiwari

MONEY

 |  MISCELLANY  |   4-minute read

Conflict of Interest, Axis bank, Ireena vittal

ET's headline, not Ireena's exit from Axis Bank, reeks of gender bias

She left the board for no other reason but her husband's stewardship of a company with which her own now has a commercial transaction.

VIKRAM JOHRI

@voharijikram

MONEY

 |   6-minute read

Start ups, Ola Cabs, Flipkart

Why start-ups like Flipkart are worth more than Tata Motors

E-commerce, mobile wallets, payment banks, driverless cars will transform the way we work, consume, travel and pay.

MINHAZ MERCHANT

@minhazmerchant

MONEY

 |   4-minute read

Stock Market crash, China Meltdown

What payments banks, Bandhan can do for inclusion

The new banks can achieve in rural India what conventional ones could not in all these years.

MG ARUN

@mgarun1

MONEY

 |   Long-form

RBI, Sensex, China

India's Chinese takeaway: Turning adversity into opportunity

The RBI must loosen monetary policy to spur both consumer demand and corporate investment.

MINHAZ MERCHANT

@minhazmerchant

MONEY

 |   3-minute read

Stock Markets, Black Monday, Chinese economic crisis, Chinese Stock Market Crash

Is China cooking a contagion?

Global investors did not perceive this to be prudent for a country that barely a few weeks ago saw stock markets wiping out about four-trillion-dollar capital.

ANSHUMAN TIWARI

@anshuman1tiwari

MONEY

 |  BEIJING DIARY  |   3-minute read

Xi Jinping, Black Monday, Chinese Stock Market Crash

Why Chinese stock market crash may not yet signal a crisis

An expert pointed out that it followed what was an inexplicable bull run at a time when the country's economy was clearly slowing down.

ANANTH KRISHNAN

@ananthkrishnan

MONEY

 |   5-minute read

Slowdown, Stock Markets, Black Monday, Sensex

Market crash: Don't panic

In all the gloom, there is one good news.

VIVEK LAW

@viveklaw

MONEY

 |   4-minute read

Narendra Modi, Black Money, Mood of the nation

Mood of the nation poll: It's now or never for Modi on black money

Indian investors are bringing illegal funds on a large scale through P-notes into the Indian market via tax havens.

ANSHUMAN TIWARI

@anshuman1tiwari

MONEY

 |   Long-form

Sundar Pichai, Start ups, Silicon Valley, Narendra Modi

What Mr Modi should do in Silicon Valley, instead of being a rock star

The PM's upcoming visit must lead to new initiatives to create conducive ecosystem in and around Indian universities to boost start-ups.

ABHIJIT BHATTACHARYA

@b_abhijit

MONEY

 |   4-minute read

Narendra Modi, Gautam Adani, Kerala, Vizhinjam Port

Why Vizhinjam Port matters to Kerala

With rising unemployment, the state needs a fresh spate of investments to make it truly God's own.

MG ARUN

@mgarun1

MONEY

 |   4-minute read

Jamal mecklai, Rupee, China, Yuan devaluation

What devaluation of yuan means for India

RBI may be concerned that if rupee goes into a phase remotely resembling the free fall of August 2013, it may have to jack up interest rates.

JAMAL MECKLAI

@jamalmecklai

MONEY

 |   3-minute read

Liberalisation, GDP growth, Indian Economy, 69th Independence Day

Five big economic landmarks since independence

Of late, India has also emerged as an assertive voice of the developing economies of the world.

MG ARUN

@mgarun1

MONEY

 |  BEIJING DIARY  |   4-minute read

Taiwanese company, Foxconn, Narendra Modi, Make in India

Why Foxconn is a landmark in Modi's Make in India

The Taiwanese electronics giant has over the past few years established a global reputation as perhaps the most key supplier for Apple products.

ANANTH KRISHNAN

@ananthkrishnan

MONEY

 |   3-minute read

Jlr, Tata Motors, Chinese economic crisis, China

Why Chinese tremors will rock Indian companies like Tata Motors

China is one of the biggest consumers of products, and any adversity can cause much pain for firms with an exposure there.

MG ARUN

@mgarun1

MONEY

 |   4-minute read

Environment, Australia, Carmichael Coal Mine, Gautam Adani

How a lizard and snake stopped Adani's project

India needs to learn from Australia, where survival vulnerability of endangered species stopped a gigantic coal project.

DEVANIK SAHA

@devanikindia

MONEY

 |  BEIJING DIARY  |   6-minute read

Xi Jinping, China, Beijing

Can a falling China mean India shining?

Of course, there are going to be ups and downs.

ANANTH KRISHNAN

@ananthkrishnan

MONEY

 |   4-minute read

Narendra Modi, Retail sector, FDI

Mr PM, time to ride on retail

This is an opportunity for the central government to redeem itself by carrying out significant economic reforms.

ANSHUMAN TIWARI

@anshuman1tiwari

MONEY

 |  BEIJING DIARY  |   2-minute read

Emigration, Chinese, Indian, Millionaires

Why are Indian and Chinese millionaires fleeing overseas?

A report presents a fascinating snapshot of why the world's rich leave their home countries.

ANANTH KRISHNAN

@ananthkrishnan

MONEY

 |   3-minute read

Finance Ministry, RBI, Raghuram Rajan, Arun Jaitley

How government will put economy at risk if it clips RBI's wings

Compromising its autonomy would be a first in India's history.

SHWETA PUNJ

@shwetapunj

MONEY

 |  BEIJING DIARY  |   3-minute read

Chinese media, Nikkei, Financial Times

Financial Times sale: Japan's Nikkei, China's envy

For more than a decade now, Beijing's Mandarins have dreamt of such an acquisition the Japanese have tasted success with.

ANANTH KRISHNAN

@ananthkrishnan

MONEY

 |   4-minute read

Pharmaceuticals, India Inc, Gavis Pharmaceuticals LLC, Lupin Limited

Why Lupin's Gavis acquisition is a big deal for India Inc

It brings to the fore how entrepreneurship in life sciences can be as rewarding as in IT, telecom and e-commerce, that seem to be in vogue across the globe.

MG ARUN

@mgarun1

MONEY

 |   4-minute read

BRICS, Economy

Who's afraid of BRICS bank?

All eyes will be on the new institution to see if it can actually deliver as competing with the IMF and World Bank would not be a cakewalk.

SEEMA GUHA

@seemaguha1

MONEY

 |   4-minute read

Eurozone, European Union, Sovereign default, Greek Crisis

In Greece, wise men speak and fools decide

Doesn't the tale of monastery-government nexus in Greece look like an umbilical twin of India's Vadra-Adarsh scam?

ANSHUMAN TIWARI

@anshuman1tiwari

MONEY

 |   6-minute read

Property Prices, Ambit Capital, RBI, Real estate

Why now is not a good time to buy new property

Real estate prices will have to fall more if the huge amount of unsold inventory of homes needs to be sold.

VIVEK KAUL

@kaul_vivek

MONEY

 |  BEIJING DIARY  |   Long-form

BRICS, Shanghai Corporation Organisation, China

The great fall of China

The crash in Beijing's stocks and prospects of a prolonged slowdown have worrying consequences for the region.

ANANTH KRISHNAN

@ananthkrishnan

MONEY

 |   3-minute read

India Inc, Raghuram Rajan, IIP, RBI

Why high retail inflation is bad news for India Inc

RBI may not reduce interest rates in its August policy review as poor monsoon drives food prices up.

MG ARUN

@mgarun1

MONEY

 |   4-minute read

Harshad Mehta, NSE, Sensex, Chinese Stock Market Crash

China's Harshad Mehta moment

In the early 1990's, Mehta had triggered the biggest bull run in the Indian stock market followed by a massive debacle causing a loss of more than Rs 4,000 crore.

ANSHUMAN TIWARI

@anshuman1tiwari

MONEY

 |   3-minute read

Indian Economy, World Bank, Sensex, Chinese stock market

Lessons for India from the Chinese stock market crash

Investors should be wary of irrational exuberance when betting on the markets.

MG ARUN

@mgarun1

MONEY

 |   5-minute read

Greek referendum, Economy

Why Greek crisis didn't affect Indian economy

Any further slowdown in EU's bigger economies would, in fact, adversely impact the overseas demand of our goods.

SPS PANNU

MONEY

 |   3-minute read

Eurozone, Alexis Tsipras, Greek referendum

How Greece's resounding 'no' to EU bailout sets a new precedent

The fault seems to be the assumption that countries will continue to remain indebted and can be arm-twisted into implementing tax hikes and spending cuts.

MG ARUN

@mgarun1

MONEY

 |   3-minute read

Economic Reforms, GDP growth, Moody ratings

Why Moody's views should be a wake-up call for Modi government

The global ratings agency 'Inside India' report identifies slow reforms as the biggest threat to India's macroeconomic story.

MG ARUN

@mgarun1

MONEY

 |   Long-form

Narendra Modi, Make in India, Unemployment

Mr Modi, just how do you plan to get youth the jobs?

Educating the huge number of illiterate people is the riddle that the PM must solve to make India skill capital of the world.

ABHIJIT BHATTACHARYA

@b_abhijit

MONEY

 |  MACRO MATTERS  |   3-minute read

Indian Economy, Wholesale price index, Inflation

Why inflation numbers leave you confused

Some prices have fallen and others risen, but the numbers do not capture how you experience price changes.

TINA EDWIN

@tinaedwin

MONEY

 |  MACRO MATTERS  |   3-minute read

CEOs, Unemployment, Skill India

Why being a skilled worker is not enough to get the coveted job today

The success of Modi government's 'Skill India' will depend on delivering the right combination of skills that companies need - at the shop floor and executive levels.

TINA EDWIN

@tinaedwin

MONEY

 |   2-minute read

Anshu Jain, Euro Zone, Investment banking, Deutsche Bank

Why Deutsche Bank's Anshu Jain had to go

Undoubtedly, the operating environment wasn't easy for the co-CEO to have a smooth sailing.

ANAND ADHIKARI

@anandadhikari

MONEY

 |   5-minute read

Invetment Bank, Boutique Banks, Wall Street, Goldman Sachs

Goldman Sachs analyst death: Why the Wall Street culture is not entirely 'evil'

There is always the option of moving out of a place of occupation if we do not like the work environment.

NAVROZ MAHUDAWALA

MONEY

 |  MACRO MATTERS  |   3-minute read

Arun Jaitley, Monsoon, Indian Economy

Why talking up markets won't get good rains

Finance minister Arun Jaitley tries to dispel fears about deficient monsoon, but there is no running away from the truth.

TINA EDWIN

@tinaedwin

MONEY

 |  MACRO MATTERS  |   4-minute read

Repo Rate, Inflation, Rate Cut, Union Carbide

Why corporate India is unhappy with RBI rate cut

The industry feels Raghuram Rajan should have accorded growth a higher priority, with deeper interest rate cuts.

TINA EDWIN

@tinaedwin

MONEY

 |   4-minute read

Flipkart, Snapdeal, Indian IT industry

What Flipkart-Snapdeal owners' Twitter spat reveals about India's job hiring

The controversy involving Sachin Bansal and Rohit Bansal raises larger questions on talent creation and retention in the country.

MG ARUN

@mgarun1

MONEY

 |   5-minute read

Arun Jaitley, Taxation

Why income tax net expansion is key for Jaitley's finance policy

This would naturally mean encouraging investments to spur growth and create more jobs in the economy.

SPS PANNU

MONEY

 |   6-minute read

Investment, Real estate

India's real estate market is being run by crooks

The system as it currently stands is totally rigged against the buyer.

VIVEK KAUL

@kaul_vivek

MONEY

 |  MACRO MATTERS  |   4-minute read

Gold, Gold Import, Modi government

Why is Modi government eyeing your gold?

India's vast hoard of the yellow metal can be melted and reused to make new jewellery - this will reduce the state's pressure to import it.

TINA EDWIN

@tinaedwin

MONEY

 |  MACRO MATTERS  |   5-minute read

Indian Industry, Make in India, ModiInSouthKorea

We need Make in India, Korean style

Since mid '90s, Korean companies have illustrated how PM Modi's pet project is indeed possible.

TINA EDWIN

@tinaedwin

MONEY

 |   7-minute read

Narendra Modi, Make in India, Indian Industry

Modi's Make in India is a gas balloon waiting to burst

To make our manufacturing tick, the PM has to give top priority to comprehensive education reforms for preparing a competent workforce.

ABHIJIT BHATTACHARYA

@b_abhijit



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