The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
Sometimes major events completely disconnected may be data points for the plans of the different powers around the world. The challenge is to discern what purpose they serve? More critically, what are we moving towards?
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
Anyone who has chosen to invertir en la bolsa de valores (invest in the stock market) know how volatile it can be after big political or societal changes. The stock market always moves when there’s a new president, it plunged after Brexit, and now the Karachi Stock Exchange, the main stock exchange in Pakistan, is falling. The benchmark KSE 100-share Index fell by 723.22 points, and is now at 30,277.45 points. Some analysts are predicting that it will fall further to 25,000-28,000 points! This is because Mutual Funds and investors are dumping the stocks.
“The main issue is that mutual funds have continuously been receiving redemption calls from their investors,” said Arif Habib Limited Head of Equity Sales Saad bin Ahmed in remarks to The Express Tribune.The redemption calls prompted mutual funds to sell stocks. The other option investors gave to fund managers was that their investment should be shifted from the risky stock market to risk-free avenues like fixed-income funds. (Source: The Express Tribune)
On the other hand, the Indian stocks have risen. The NIFTY-50 rose after the passing of the resolution to revoke Article 370.
That should send some message to the establishment there on what a great success their measures have been!
The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
This visit of India left me with many questions. Many observations and inputs from different people and sections. Food for thought that I have tried to contemplate on and make sense of. Sharing all that with you.
When you analyze the last 60 years of the economic miracles of Singapore, South Korea and Malaysia versus the continued impoverished Indian economy, you get very interesting lessons. Can Indians have the wherewithal in them to do in one generation so that the coming generations may rise?
Every Sunday AM (US Time)/ PM (India time), we send out a weekly detailed newsletter. We also share other insightful notes during the week. Its free. Do sign up and share with friends!