Niveshak July 2015 Issue with Page Flip version

Friday, July 31, 2015 , Posted by Team Niveshak at Friday, July 31, 2015

Dear Niveshaks,

Taking forward one of his marquee projects, Prime Minister Narendra Modi started the month of July with the launch of ‘Digital India’. Digital India, which talks about taking Internet connectivity to the masses is expected to be officially launched with some of the key components of it such as Digital Locker, National Scholarship Portal and e-health
The Chinese economy continues to be weak witnessing sharp plunge in stock market. The People’s Bank of China has cut interest rates to a record low, brokerages have committed to buy billions worth of stocks, and regulators have announced a de-facto suspension of new IPOs. The underlying business sentiment in India during July- September quarter of calendar 2015 is likely to remain subdued amid concerns of weak factory data and potential impact of deficient monsoon. The economic weakness in the domestic market was compounded by lower growth in China and continuing financial woes in Europe that raised doubts about the strength of growth of the world economy. Oil prices rebounded after settling at their lowest in months in the previous session as worries over the demand outlook and continued oversupply weighed on the market. U.S. Treasury long debt yields dropped to two-week lows on Thursday in choppy trading, as investors sought a safe haven from weak U.S. corporate earnings and slumping commodities prices.

India’s central bank said it would reserve the right to inject less funds via term repo auctions than notified, saying ample liquidity in money markets had reduced demand for these short-term debt products.

Driven by an investment friendly government at the centre, overseas investors have pumped in a staggering $6 billion into the Indian securities market in July - taking their overall net inflows since beginning of 2014 to more than $26 billion. According to analysts, the government’s approval of a composite FDI structure, which will result in further capital flowing into the system, has lifted the investors’ confidence and helped revive the inflows. Besides, Greece law makers have passed the austerity laws aimed at paving the way for a bailout by the EU, which has further boosted sentiment.

On the magazine front, the cover story gives interesting insights on the happening in the stock markets of China. It shows how the Chinese markets reached to such highs that a crash was inevitable. The Article of the Month raises concerns on whether the world is going into another great recession and what reasons could be behind it. The Fin Gyaan section explains the current Greek crisis and the Fin Sight section covers the implementation of GST and what impact it may have on our economy. For our FinView section, we have an interview with Mr. K. Biju George, General Manager of IDBI Bank on debt syndication and project financing.

To end this brief note, it’s important that we thank you, our readers, for your constant support and appreciation. Please continue to motivate us so that we can come out with more insightful reads in the issues to come. Keep pouring in.

We would like to thank our readers for their immense support and encouragement. You remain our prime motivation factor that keeps our spirits high and give us the vigour and vitality to keep working hard.
Thank you.
Stay invested!
Team Niveshak
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