Niveshak June 2013 Issue with Page Flip version
Sunday, June 30, 2013 , Posted by Team Niveshak at Sunday, June 30, 2013
Dear Niveshaks,
The times have been torrid to say the least. Even after desperate measures by the RBI to defend the Indian Currency, the rupee hit an all-time low of 60.72 on June 26, 2013. What’s worse is that many experts feel that the worst is still to come. Riding on the rupee depreciation for the entire month, FII’s pulled out a massive INR 9000 crore from the stock market. The number in the debt market stands at a whopping INR 27850.2 crore.
The stock markets have been equally volatile throughout the month, declining from close to 20,000 points to 18,500 and again breaching the 19,000 level just before the month end. The Article of the Month for the June issue closely follows the trend and tries to explain the Volatility Index in and out.
The cover Story for the Month of June analyses the Real Estate Regulation & Development Bill 2013, an all important step finally taken by the Ministry of Housing & Urban Poverty Alleviation. Buying your own house might finally become a reality with the proper implementation of the Bill.
Niveshak also brings some more good reads for you in this issue – The Fin-Sight of the issue tries to explore the pros and cons of the highly debatable Islamic banking Rules, more so when the World’s Banking Sector is going through the toughest of times. FinGyaan of the issue talks of a new currency for the whole world, ‘BitCoin’. Sit back and read how it can bring the world on a common platform.
Then there is the story of 1973, which brought the entire globe to a stop when the Arab Nations withheld the supply of Oil to the Western countries. Get to know how the Oil Crisis of 1973 affected the lives of millions of people and surprisingly, the positives it gave to our world. The issue also explains the concept of Golden Cross through our much cherished Classroom Section.
To end this brief note, it’s important that we thank you, our readers, for your constant support and appreciation. Thank you! It is your endless encouragement and enthusiasm that keeps us going. Kindly keep pouring in your suggestions and feedback to niveshak.iims@gmail.com and as always,
Stay invested,
Team Niveshak.
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