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What is bothering Indian markets - concluding part

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Thought for the day "We are living in a epoch where there is combat between commercialism, or the system of reckless waste, and communism, or the system of neighbourly common sense." —William Morris (English, 1834-1896) Word for the day Genethliac (adj) Of or relating to birthdays or to the position of the stars at one's birth Malice towards none India gets a new passion - "Akash Ambani's wedding". This shall keep us busy for most of 2018. Many thanks to the Lord Almighty for it! First random thought this morning The important question which nobody is answering is "whether the Government of India is a discreet time series or a continuous one?". If it is a continuous series than the people at the helm must be accountable for everything - all policies, programs, resources, inadequacies, success, failure - everything. Then passing blame on the predecessors for anything is not...

What is bothering Indian markets - 9

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Thought for the day "Things cannot make themselves impossible." —Stephen Hawking (British, 1942-2018) Word for the day Pullulate (v) To breed, produce, or create rapidly. Malice towards none How would the life of Indians change, if Google, Facebook, Twitter and WhatsApp services are withdrawn from them? #RaviShankarPrasad   First random thought this morning Former RBI governor Raghuram Rajan reportedly said in an interview that 7.5% economic growth was not enough to employ 1.2 crore people joining India’s workforce every year. Rajan said India must grow in double digits and a 10% economic growth was achievable in near future. It is difficult to find out exactly when this wisdom dawn upon the former governor of RBI. Nonetheless, an overwhelmingly large number of people blame him for wrongly choosing the inflation in a classical inflation vs. growth trade off. What is bothering Indian markets - 9 FY...

What is bothering Indian markets - 8

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Thought for the day "Life would be tragic if it weren't funny." —Stephen Hawking (British, 1942-2018) Word for the day Disjune (n) Breakfast Malice towards none माटी को हक दो - वह भीजे , सरसे , फूटे , अंखुआए , इन मेडों से लेकर उन मेडों तक छाए , और कभी न हारे , ( यदि हारे ) तब भी उसके माथे पर हिले , और हिले , और उठती ही जाए - यह दूब की पताका - नए मानव के लिए। — केदारनाथसिंह First random thought this morning One way to tackle this issue of reservation in jobs and admissions could be to invite all castes and communities to seek reservation. Then allow proportionate reservation to all the castes, sub-castes and communities which have sought reservation. This will at least end these frequent agitations once for all. In the matter of religion, the government may work out a new list and recognize all thousands of sects, sub-sects, and cults as separate religion, making i...

What is bothering Indian markets - 7

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Thought for the day " T he past, like the future, is indefinite and exists only as a spectrum of possibilities." —Stephen Hawking (British, 1942-2018) Word for the day Dornick (n) A stout linen cloth, especially one of a damask linen. Malice towards none Since when in India admitting mistakes and tendering unconditional apologies become a subject of ridicule and sign of weakness?   First random thought this morning One most befuddling thing about our administration is that it seeks to pass every withdrawal or deletion of a law, rule, regulation or procedure as a reform. For example, the other day Civil Aviation ministry official claimed that doing away with requirement to tag the hand baggage is a "reform" in the direction of ease of doing things. They fail to understand that withdrawal or deletion of a law, rule, regulation or procedure would be reform only if the government admits that introduc...

Worship Einstein, do not demean him

Thought for the day "Intelligence is the ability to adapt to change." —Stephen Hawking (British, 1942-2018) Word for the day Bunglesome (adj) Clumsy or awkward Malice towards none Xi is permanent. Putin is almost permanent. Merkel just got 4th term. Trump is least sure about the second term. NaMo's second term also gets less certain. Draw your own conclusions!!   First random thought this morning Though BJP is putting up a brave face after the bypoll setback, the panic in its actions is conspicuous. Every day they are issuing 1-4 full page advertisements in all national newspapers highlighting their "achievements". Yesterday, two page spread highlighted achievements of UP government in past one year in most metro editions. (Last year when Delhi government had done so, BJP had criticized it severely.) Over weekend, one full page advertisement highlighted improveme...

Politics and market - the debate never ends

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Thought for the day "Men do not accept their prophets and slay them, but they love their martyrs and worship those whom they have tortured to death. " —Fyodor Dostoevsky (Russian, 1821-1881) Word for the day Circumferential (adj) Surrounding; lying along the outskirts; of, at, or near the circumference. Malice towards none Have you noticed, these days no politicians talks about moral responsibility for anything! First random thought this morning Beginning 2014 Monsoon Session, the Congress Party and its allies have disrupted every single session of parliament on an entirely different pretext each time. For example, 2014 session was disrupted over Lalit Modi travel document issue demanding resignation of MEA Sushma Swaraj and Rajasthan CM Vasundhara Raje. Each time, the Congress Party cited the issue leading to parliament disruption as a serious issue of national interest. But in all cases these issues were comple...