Niveshak September 2015 Issue with Page Flip version

Thursday, October 1, 2015 , Posted by Team Niveshak at Thursday, October 01, 2015



Dear Niveshaks,

The month of September ended with a lot of buzz. The biggest news was Prime Minister Narendra Modi’s visit to the United States to attend the 70th annual session of the United Nations General Assembly. This visit also included meeting with CEOs of top firms like Apple, Google, Microsoft etc.
He also had a session in town hall with the promoter of Facebook Mr. Mark Zuckerberg where he spoke about Digital India. The month also ended with some exciting news from the economic side. The governor of the Reserve Bank of India, Mr. Raghuram Rajan announced further rate cut by 50 basis points in the end of this month. This surprised the market positively as the market was expecting a rate cut of up-to 25 basis points due to cooling inflation and status quo by US Federal Reserve. This rate cut was following the lowering of GDP growth rate estimates to 7.4 percent by the RBI citing lack of new private investment, banks’ stressed assets and waning business confidence in context of slow global growth. Another major news is that India has moved up 16 positions to rank 55th out of 140 countries on global competitiveness index. India has ended five years of decline by showing improvement in the competitiveness of the country institutions and macroeconomic environment and a slight improvement in infrastructure but need to work on factors like corruption, access to finance etc. for further improvement in competitiveness.

There were a lot of activities in the foreign investments as well. During Prime Minister’s visit to US, 7 MoU were signed aimed at giving a boost to the start-up environment in India which has become one of the major focus of the government. This can be validated from the fact that both the countries have launched a joint work stream on the ease of doing business and increasing the bilateral trade to USD 500 million. Also there were investment proposals with Iran to the tune of INR 1 Lakh Crore in
the areas of oil, gas, railways, highways, and steel.

On the magazine front, the cover story focus on the importance of strong corporate bond market in India that helps to mitigate the financial risks and stress led on banking sector. The Article of the Month analyses the reason behind the constrained Indian defence production which led to 70% of demand met by import of weapons. Also it put stress on the solutions need to be adopted towards achieving self-reliance in the defence sector. The Fin Gyaan section explains how the Big Data Analytics can transform the Financial Services industry by supporting them on the comprehensive decision making and risk management front. FinView has the excerpts from the discussions with a visiting IIM professor about the need of innovation for future growth of the companies. While the Fin Sight section details about the global impact of Chinese yuan devaluation that provoke a huge currency war in the world. In our classroom section, we have explained the “Bollinger Bands” a useful tool for the technical analysis enthusiasts.

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.
Thank you.
Stay invested!
Team Niveshak
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