NEW NORMAL

 The storm which was coming due to the SVB failure has been stopped by the US government by allowing depositors to withdraw the complete deposit amount. Other banks are facing a similar problem or other is looked upon by the federal government. The Credit Swiss Bank got merged with UBS, and the potential meltdown due to these incidents got addressed in a proper way. The cost of capital and lending rate mismatch after the lockdown in the world led to the current problem, along with doles given to citizens in western countries during the lockdown period. In our country, we kept things under control with the proper management of the situation along with direct transfer in the account, this not kept our economy in the right shape but also led to a high growth path, which is sustained. Micro and macroeconomic indicators are stable and buoyancy in tax collection is giving the government to spend on asset creation which is also enhancing the purchasing power with stable income and wealth ...

 The fall of Silicon Valley Bank indeed is giving sleepless nights to many around the world as money and the future is stuck in it. The theories around its failure are going around with no finite solution available immediately to its customers. As the US government had refused to bail out the bank and its UK subsidiary being getting merged with HSBC for just pound 1. The amount is not significant for the merger with HSBC but the money which is being stuck is a major concern. As the bank had major business in the pharma and startup industry which is around 40% of its total business, the ecosystem for the startup sector is fully developed and giving solutions to them. The real reason for this is said to be the continuous rate hike by FED, almost from zero to now 4.5% which is a historic hike in any context.  The opportunity of this failure is a boon for us to develop our own ecosystem and divert the global startup sector to our shore by financing for the whole system to be devel...

 Recently, a report came from a US agency for the deaths of children in Gambia, that it was due to defective syrup supplied from India. It is after one such report came from the western world for the death of some children from a central Asian country. When the first incident occurred, the WHO gave the name of the supplier and preliminary report, not the final report. At that time government not only closed that plant but also ordered inquiries on its process and production. The report for contamination charges proved false and also final report from WHO also did not give any evidence for its charges. At the Davos Meet which was held sometime this year back, a piece of sensational news came from Pfizer, which is one of the renowned drug suppliers and major pharma corporate based in the US that tried hard to influence the government of India for its vaccine on covid19. The actual cost of the lobby was not revealed but it is something in Billions of Dollars to media and other influen...

 So, inflation is making headlines again, in  Jan it was 2023 around 6.5% which is more than the comfort zone of the RBI which is 6% max. The talk of yet another round of rate hikes is being discussed along with details of last MPC minutes that are open in the public domain. The WPI which is now moderating to give solace to corporate to strengthen their balance sheets, also small price hikes of popular goods is going to help them to get full profit which they incurred loss due to the opening of the market after the lockdown. The rate hike and reduction in the grammage of goods will reach a median point which will lead to the stabilization of prices so as to cool inflation in the short to medium term. The weightage of different goods in CPI and WPI is gathered by the statistics department. They are compiled separately region-wise and in the urban and rural areas. The task is mammoth given the size of our country, often we do not get data from any part the data is taken on a pro...

 Recently, we heard that TATA  Sons gave a total of 470 nos of planes to both Airbus and Boeing which increased to around 800 nos with engines to British Royal Roice and US company G.E. Electric. The total order is giving nos of jobs opening in the respective countries which will last some four to five years The wealth created by this order in their country is immense as it is acknowledged by the respective Head of State. The order itself shows the strength of the country and market requirements. The complete news is in the public domain and we are not going to discuss it in length, but the market is showing a positive sign. The domestic market is growing after the reopening. The traveling industry or hospitality sector is showing growth in double-digit, with both corporate and leisure travel increasing. The job opening in the sector with skilled and semi-skilled people are getting jobs with good salaries. The overall market share of our own airline company was not increasing...

 Continued... The taxation part of the Cooperative is also taken care of with a reduction in income tax up to 15%, the Pacs will not only give much-needed cash to its member but also will be in possible to share higher profits due to this low-income tax. The common services center which is giving citizens daily needed services at affordable cost in urban areas will be in a position to give it to the rural population at a single location. The cost for both the service provider and the seeker will be less and less time-consuming due to this, with quick results. The new initiatives which require both time and money with proper training on the same will be easy as they will get all from the respective state and central government. The need of the hour is to give a speedy solution with less interference from local administration which will not only save time but also the precious resources of rural people. Going forward it will give legal advice to its member on many matters which is of...

 Just presented an economic survey & the budget by Union  Government has many things which are good for the economy in short as well as long term. The running analysis has been done by many and it will go on as discussion on the same will start in parliament and much clarity will emerge after that. The emphasis on development and sustainable livelihood is the main paradigm of the whole exercise. The whole talk and action are on the development and capital asset creation which is going to give a boost to the economy in the long run and also we will get rid few things like  "roti, kapda, and makan with basic amenities  "for all which is used to be the hallmark of our democracies for last seventy years. As we are reaching the saturation point for houses for all in a short span of time, rural and urban poor are getting their houses with all amenities like toilets, gas, electric connection, and tapped water, as things are moving at a fast pace and at the transparent m...