AlwaysIndian.com

Gone are the days when women were confined to a purdah in a secluded kitchen in an Indian household. Though, not all, but still Bharatiya Mahila of today’s time is empowered and educated. This is reflected with the govt putting women in top positions across all sectors. From the first women president Pratibha Patil, To speaker Meira Kumar, and now Nirupama Rao who will be the new Foreign Secretary. In addition to that, Senior advocate Indira Jaisingh will be the additional solicitor General, first female to do so.

Now with 59 women MPs in the parliament and Women’s Bill in the pipeline, looks like India is heading for Women Empowerment.

Source: In.com

The world economy went for a toss and India too had to face a slowdown. The Financial Express in their latest article clearly mentioned, that the United Nations had forecast ed the world economy to shrink 2.6 per cent in 2009, downgrading the already-pessimistic estimate made five months ago.

However India seems to be little optimistic after the reports coming in from press conference organized by Planning Commission Deputy Chairman, Montek Singh Ahluwalia. He said in an optimistic tone that we should be aiming at the same growth as achieved last year and he was confident to redo the same.

He was recently reappointed as deputy chief of the Planning Commission and was looking out for some good news in the economy department.

He somehow contradicted his optimism by saying, “Lots of it depends on how global economy behaves in the second half of this fiscal. Everybody expects that sharp downturn is coming to an end, but people are not sure how good a rebound we are going to see in the world economy”.

However keeping in mind the fact that comparing it to three months back, the economic situation is much more favourable. The Foreign Investors are certainly seeing it as such according to Montek Singh.

He praised the UPA government by saying that as they being a stable government, they hold the prospects of creating stable policies and some of that is already reflecting in the investment growth in India.

Montek Singh Ahluwalia ended the press conference by mentioning what the international financial analysts were predicting 5 per cent growth rate for last fiscal (2008-09), which after actual expansion was 6.7 per cent.

We are hoping to hear some more good news in the coming future keeping in mind the profile of Montek Singh Ahluwalia.

All the best Sir!

Source: in.com

As the new government comes in power the Indian corporate world is looking forward for economic reforms.  UPA getting elected back to power is seen as India getting stability. The current circumstances will also see the government incorporating major policy changes.

The results of these elections have also brought a ray of hope. Indian Inc is hoping reforms to take place in sectors like Pensions, insurance, banking, divestment, labour, private participation in defence and retail. The exports market which had also been affected and the industrial output which had seen a decline will have to be revived to improve the economy.

Making the budget which addresses the problem will be the top priority. Tax sops, are on top of corporate India’s priority list to tide over the ongoing economic crisis. The export sector is also expecting some tax exemption.The gems and jewellery sector will be also looking forward for improvement. The sector had seen major job cuts due to the slowdown.

Let’s see whether the new government will be able to meet the expectations of the corporate world.

Source: Yahoo News

With Congress returning to power it has been good news from the stock markets. The coming back of the government brings back stability. The UPA government took a lead of 262 seats in the elections. Prime Minister Manmohan Singh is all set for a 2nd term.

It was expected that the  elections will have a positive impact on the markets. With UPA coming back the Sensex rose to 13,000. The rise was seen after October 2008. NIFTY also saw the rise to 4000. The Indian rupee was trading at 4-month high of 48.40 a US dollar.

Earlier the markets were facing difficult times, but looking at today’s results it seems markets will see an upward curve. Dinesh Thakkar, CMD, Angel Broking said, “The election results have come as a positive surprise and are expected to go down well with the markets considering that markets like continuity of government policies, mindsets and ideologies.

Let’s wait and watch what new policies are being formed. Let’s hope the government lives up to the expectations.

Source: Moneycontrol, Economic Times