Niveshak October 2013 Issue with Page Flip version

Wednesday, October 30, 2013 , Posted by Team Niveshak at Wednesday, October 30, 2013

Dear Niveshaks,
After a bloody month of September where Rupee witnessed nothing but free-fall, the month of October brought some respite for the Indians and specifically Mr Raghuram Rajan. The Rupee has revived (though only just) to the levels of 61-62 and has stayed there for most part of the month.
But, what is better is the run of the Sensex this month. The value briefly touched 21000 mark and is all set to make history come Diwali. Speaking of Diwali, no one would be happier than perhaps the most discriminated section of our society, the people with HIV. The IRDA has issued draft guidelines to make life insurance for people with HIV/AIDS a reality in the time to come. Niveshak will be keep an intent eye on the developments in this
sector and will update you with the latest happenings. The Forex reserves for India were also up at the $281.12 billion mark for the week ended Oct 18. The figure gained $1.88 billion in the week ending on Oct 18 and $1.51 billion in the week before that.
The Diwali might not be so cheerful for people in the states of Odhisa, Andhra Pradesh & West Bengal where rains have caused havoc after cyclone Phailin hit the Eastern Coast of the country on October 12. Our disaster management system deserves a special mention which saved the lives of millions of people, but the after effects still continue to wreak havoc in the aforementioned states. The losses to the economy will run into billions of dollars. The month of October also witnessed the announcement by the Little Mater to retire from the game of cricket after he has played his 200th test match in the forthcoming series against the West Indies. This development isn’t good news for the economy either. Cricket might lose some of its devotees and brands many potential customers.
Talking about the contents of this month’s Niveshak, The Article of the Month for October discusses the US Shutdown and its impact on the global and Indian economy. The 16 day long shutdown was the third longest in the history of the States and forced more than 80,000 employees to go on unpaid leave. The cover Story for the Month takes a bird’s eye view at the aviation sector of our country and how the entry of Tata’s might be a game-changer. Niveshak also brings some more good reads for you in this issue – the FinGyaan of the issue throws some light on the new proposed SEBI guidelines for the Mutual Funds in India. Fin-Sight for the month of October debates whether and how the new banks that will be formed from the new banking licences from the RBI, will be able to compete with the established banks in the country. Then there is the story of the Stock Market Crash on October 19, 1987, more popularly known as the Black Monday. The Dow Jones fell by 22.6% in a single day and couldn’t recover for years. The issue also explains the commonly talked about Hedge Funds and its nitty-gritties 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 and as always, 

Stay Invested!! 

Team Niveshak.
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