Posts Tagged ‘Indian’

INDIA Gears Up to Celebrate the Glory of India’s 60th Republic Day :)

Hello Friends, each year, 26th January is a day on which every Indian heart fills up with patriotic fervor and immense love for the motherland.

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INDIA Gears Up to Celebrate the Glory of India’s 60th Republic Day 🙂

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Indians around the world would celebrate their 60th Republic Day tomorrow on January 26 – the day, which marks the adoption of the Constitution of India and the transition of India from a British Dominion to a republic on January 26, 1950. 🙂

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On this occasion, a grand parade is held in New Delhi, the Capital of India, beginning from Raisina Hill near the Rashtrapati Bhavan (Presidential Palace), along the Rajpath, past India Gate and on to the historic Red Fort in the old quarter of the city.

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Different infantry, cavalry and mechanized regiments of the Indian Army, the Indian Navy and the Indian Air Force march in formation, decked in all their finery and official decorations.

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The President of India, who is also the Commander in Chief of the Indian Armed Forces, takes the salute.

The Chief Guest of the parade is a Head of State of another nation.

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The parade also includes many traditional dance troupes, to symbolize the cultural heritage of India.

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It traditionally ends with a colourful flypast by Air Force jets in a tiranga formation.

Similar parades are held in the capitals of all the states of India, where the governors of the respective states take the salute.

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Republic Day is celebrated all over the country – national capital, state capitals, municipal corporations, panchayats, and other official agencies. 🙂

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At the level of the people, it is observed in homes, housing colonies, schools, colleges and institutions of every kind. 🙂

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Amid intelligence inputs about possible terror attacks ahead of Republic Day, an impregnable ground-to-air security apparatus is being put in place in the capital to pre-empt any such strikes.

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Thousands of personnel of Delhi Police and paramilitary are being deployed in and around the city, especially near from the Rajghat, along the Vijaypath.

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However nothing can deter our spirits to celebrate our 60th Republic day.

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We should be really Proud of INDIA and about the contribution of Indians to the world but in the midst of our celebrations we must not forget about our Martyrs 🙂

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As well we need to remember that we all hindu, muslim, sikh, christians, buddhists are brothers 🙂

Long live those who stands for “Qoami ekta” and “Unity in Diversity” 🙂

Hail to Our Father of Nation and all those Martyrs who got us our Freedom and Constitution.

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Proud To Be an INDIAN.

JAI HIND 🙂

QIPs account for 60% of funds raised by India Inc

Qualified Institutional Placements (QIP) contrib-uted Rs 6 out of every Rs 10 raised by Indian companies from domestic sources in January-November 2009. Simply put, Indian companies raised Rs 47,419 crore from domestic sources in the 11 months of this year with QIP funds accounting for Rs 28,726 crore (about 60 per cent).


In the same 11 months of 2008, India Inc raised Rs 2,104 by means of QIPs out of the total Rs 48,807 crore garnered from domestic so-urces, shows a study by New Delhi-based SMC Capitals. This means that in 2009 QIPs account for more than half of total funds raised. Just to put the things in perspective, QIPs am-ounted for only 4.3 per cent of the funds raised during January to November 2008. This underlines the kind of domination QIPs have sho-wn in 2009; and QIPs have truly come to the rescue of cash-starved Indian corporates, said Jagannadham Thun-uguntla, Equity Head at SMC Capitals.

The funds raised thro-ugh IPOs as a percentage of total funds raised through domestic sources is to the tune of 31.7 per cent during January-November, at Rs 15,043 crore compared to that in January-November 2008, which was 34.8 per cent at Rs 16,995 crore, supported heavily by the Reliance Po-wer mega IPO of 2008. The funds mopped up from ADRs/GDRs have jumped up by more than 29 times from $0.1 billion in January to November 2008 to $ 3.15 billion in January to November 2009.

Economic Indicators Part 2 :)

Hello Friends, just an extension of our yesterday’s blog on economic indicators where we talked about the categories of Economic indicators and relationship between various indicators.

ECONOMIC INDICATORS WITH A FOCUS ON STOCK MARKETS AS A LEADING INDICATOR

ECONOMIC INDICATORS WITH A FOCUS ON STOCK MARKETS AS A LEADING INDICATOR

Now in this Blog, we would look upon issues like what current economic indicators reflect about the state of Indian and global economy in coming months, factors that impact the degree of correlation and general effects of the stock maket indices(economic indicators) on the economic performance of the country.

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For Indian Markets, we can refer collected data for sensex growth, GDP growth and IIP index growth for 40 quarters over the last decade i.e FY99-FY09.

On the basis of the observation, it is analyzed that there is a correlation between the indicators; however, there is a time lag of at least 3 months between the sensex performance and economic indicators performance.

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Out of the 40 time periods being observed, the time lag and the correlation has been reflected in 80% of the cases.

Therefore, on the basis of the study, we can conclude that Indian economy might witness a revival over the next 3 to 6 months.

However, the Indian stock market indices are not only the reflection of the expectation of India Inc performance; the Indian markets are highly influenced by FII inflow too.

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Thus, Indian markets not only indicate the future economic conditions of the country but the global liquidity conditions too.

Therefore, if the stock market improvements that started towards the end of the first quarter of 2009 can be further sustained, it may be an indication that economic activity levels might start to improve towards the end of 2009 / beginning of 2010 backed by the correlation theory and time lag of 6 months to 1 year.

The Leading effect of the stock maket indices on the economic performance of the country can be rationalized on the following basis:

1) Futuristic approach of stock prices

Current stock prices reflect the expected operational performance of industry. The price of a stock equals the present value of future dividends.

Hence, stock prices should rise because of higher expected corporate profits, giving the rate of return used by investors to discount future earnings.

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Since investor’s expectations about corporate profits depend on expectations about the prospective state of the economy, then stock prices should rise or fall before the actual rise or fall of general economic activity and corporate earnings.

Thus, the stock market is forward-looking, and current prices reflect the future earnings potential, or profitability, of companies.

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Since stock prices reflect expectations about profitability and since profitability is directly linked to economic activity, fluctuations in stock prices are thought to lead the direction of the economy.

If the economy is expected to enter into a recession, for example, the stock market will anticipate this by bidding down the prices of stocks.

2) Wealth Creation Effect

The “wealth effect” is also regarded as support for the stock market’s predictive ability.

Since fluctuations in stock prices have a direct effect on aggregate spending, the economy can be predicted from the stock market.

When the stock market is rising, investors’ wealth increase and they spend more.

As a result, the economy expands.

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On the contrary, if stock prices are declining, investors experience a decrease in wealth levels and spend less.

This results in slower economic growth.

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However, the factors that impact the degree of correlation are:

the variability in interest rate,

the money supply,

the rate of inflation and

the degree of confidence of market participants regarding the state of the economy.

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Thus, although the stock market is relatively reliable as a predictor, it should be used with caution and in conjunction with other leading indicators in forecasting the turning points of business cycle.

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We can also rationalize the view of 97% economists that U.S economy will be out of recession by end of CY2009.

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