Dear Niveshaks,
The RBI cut CRR for banks by 50 basis points to 5.50 percent to ease tight liquidity, signaling a policy shift towards reviving growth after nearly two years of fighting inflation. With core inflation still stubbornly high, the Reserve Bank of India, as expected, left its
policy repo rate unchanged at 8.50 percent for the second consecutive review. FDI in single brand has led to emergence of some global majors in Indian market. This will provide stimulus to domestic manufacturing value addition and help in technical up gradation of our small industry. Some more good news is expected on March 16, the day on which Finance Minister Mr. Pranab Mukherjee will present Annual Budget for 2012-2013 in the budget session of parliament commencing from March 12, 2012.There was some respite for international economy as well. The US unemployment rate fell to 8.3 percent in January, its lowest level in more than two years, thanks to an unexpected surge in hiring. This is the major factor which is going to help Barack Obama in the US presidential election, 2012. The financial crisis is calming down. Europe is no longer on the edge of an abyss. All the efforts must now be dedicated to the resolution of the economic crisis.This issue brings to you some more interesting and insightful reads. The cover story this month focuses on The World Economic Forum Annual Meeting in Davos. The issue also features an article on the annual union budget of India, which is going to be presented on 16th March 2012. The article of the month throws light on achieving goal of sustainable economy through innovation. This issue also features other articles on structuring the equity gap and telecom bank-ing. The classroom section explains the concept of “Options Market”.
We, the Editorial Team of Niveshak, would like to take this opportunity to thank our senior team for their valuable contribution to Niveshak. They are: Alok, Deep, Jayant, Mritunjay, Rajat, Sawan, Shashank, Tejas, Vishal and Vivek. Please join us in bidding adieu to all of them and wishing all happy times, good health and bright future in their personal and professional life.