If you had read Nandan nilakeni's book - Imagining India', when he is listing the challenges india is facing, he has pointed out a pensioning system for private sector employees, who are going to come out in large numbers in another 30 years time frame and how govt of india is going to meet this situation as a challenge.
Good news here is government of india is going to table a Pension Bill for private sector employees in the next budget session. This fund will be invested in different financial instruments and also it will be overseen by Pension Fund Regulatory and Development Authority (PFRDA).
For more info...click the below link,http://businesstoday.digitaltoday.in/index.php?option=com_content&task=view&issueid=50&id=10013&Itemid=1§ionid=1
So, like all government employees, we too will have a retirement savings... :)
Tuesday, February 24, 2009
On Global Recession, refering to "http://blogs.ad.infosys.com/users/raja_mohamed01/"
To my knowledge, I donot see this phase as a 'bubble burst'. There was 'sequential' growth for the last few years, but now the growth rate is low.This is because the unavailability of funds (cheap money, which banks borrow at low interest rates for business) in the market. As financial institutions are the growth drivers to the economy, cash crunch led to the cascading effect of this situation which started domestically in US has proliferated as a global factor, as we term it as recession. And also recession is good for any growing economy also it is not unusual.
A growing economy should have a recession once in 6 - 7 years as it corrects prices and bring equality in socio- economical factors. All macro economic variables are complimentary to each other for a balanced growth.As most of the countries globally, depend on American market for earnings. indian economy is based on savings. American economy is based on consumption. when spending becomes less in US, we lose earning, as a result savings gets affected and we became too cautious, resulting in cost cutting measures.
As this recession, is due to the collapse of financial institutions, all stimulus packages and federal reserve measures will take time to effect the economy. It may take 1 - 2 years, then i hope the growth will revive.
A growing economy should have a recession once in 6 - 7 years as it corrects prices and bring equality in socio- economical factors. All macro economic variables are complimentary to each other for a balanced growth.As most of the countries globally, depend on American market for earnings. indian economy is based on savings. American economy is based on consumption. when spending becomes less in US, we lose earning, as a result savings gets affected and we became too cautious, resulting in cost cutting measures.
As this recession, is due to the collapse of financial institutions, all stimulus packages and federal reserve measures will take time to effect the economy. It may take 1 - 2 years, then i hope the growth will revive.
Even though Peace in a wet wicket !!
Had a thought of sharing this on line, Like to compare the conflict between Taliban shade forces with Pakistan military and LTTE with Srilankan army. There are a lot of similarities, between the ongoing power struggle.Though the military operation is between Army and militant organizations, it's the people of pakistan who are killed in the tussle. Whatever the reasons may be for the military action it’s the people who suffer. Also pakistan army seems losing more in the front line of war against the Taliban.
To bring peace to the table, the civilian government in pakistan donot have options other than accepting the deal of militants for a ceasefire. This deal allows militants to enforce Sharia laws upon the people of Swat valley (remember the laws when taliban ruled Afghanistan). whether the law is good to the people or not, US is unhappy over it. India thinks it will escalate other militant groups to fight for sharia laws in other regions of pakistan, resulting in complete mess of the country's internal security as well global nuclear proliferation.But for the people of Swat Valley in Pakistan, Sharia law is better than to get killed.
Why cant the Sri Lankan government, think the same way the pakistan has done?Why should not they broker a peace deal like this, by giving more powers and rights (more or less) equal to singalese for the Tamilians who live in SriLanka.Ultimately, whther it Tamil or Singhalese its their own country men who die.May be the recent military victory doesnot allow Rajpaksa's mind to think for a long term soultion.
Good or Bad, its the people who decide what they want... Sri Lanka is also a democracy.
To bring peace to the table, the civilian government in pakistan donot have options other than accepting the deal of militants for a ceasefire. This deal allows militants to enforce Sharia laws upon the people of Swat valley (remember the laws when taliban ruled Afghanistan). whether the law is good to the people or not, US is unhappy over it. India thinks it will escalate other militant groups to fight for sharia laws in other regions of pakistan, resulting in complete mess of the country's internal security as well global nuclear proliferation.But for the people of Swat Valley in Pakistan, Sharia law is better than to get killed.
Why cant the Sri Lankan government, think the same way the pakistan has done?Why should not they broker a peace deal like this, by giving more powers and rights (more or less) equal to singalese for the Tamilians who live in SriLanka.Ultimately, whther it Tamil or Singhalese its their own country men who die.May be the recent military victory doesnot allow Rajpaksa's mind to think for a long term soultion.
Good or Bad, its the people who decide what they want... Sri Lanka is also a democracy.
Subscribe to:
Posts (Atom)