business

How Politicians Convert Black Money and Invest in India ?

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It is well known fact that Indian Politicians [90%] are Corrupt and have Unaccounted money also known as Black Money. This money is Invested by Bankers bypassing rules and regulations. There are ways to convert black money into white: invest in insurance, invest in gold, deposit the cash in bank’s account, split the cash in smaller chunks to avoid detection, open multiple accounts, and the likes. All these ways serve the purpose of the client well, fully covering the tracks so much so that government regulatory authorities would never get a whiff of such dubious transactions.

The modus operandi the bank officials

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Q4 – 2012 GDP Lowest in 10 Years under Congress UPA MisManagement of India

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India’s 4Q2012 GDP came in at 4.5% yoy, weakness in growth driven by services sector, in part due to higher-than-expected fiscal consolidation. Industry growth showed some uptick but continues to remain weak. We think the activity weakness will also carry forward to Q12013. Real GDP: +4.5 yoy vs. GS forecast: +4.8% yoy, Bloomberg consensus: +4.9% yoy.

Weakness in growth was driven by the services sector, community and social services in particular, which contributed to 30bps of the slowdown in growth compared to the previous quarter. This is mainly due to the government’s efforts to reduce the fiscal deficit.

Industry GDP growth showed a small uptick, led by the

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India’s Current Account Deficit – From bad to worse

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Preliminary data from the Reserve Bank of India (RBI) released late Monday showed that the Q2 FY2013 (calendar Q3 2012) current account deficit widened from USD 16.4bn to a record USD 22.3bn.As already foreshadowed by the monthly customs trade data, the bulk of the deterioration in the current account position in Q2 stemmed from goods trade. On a balance of payments basis, the goods trade deficit jumped back up to USD 48.3bn from USD 42.3bn, hence more than accounting for the widening in the current account deficit.

Drilling down, the data show that a sharper fall in exports (-12.2% y/y) relative to imports (-4.8% y/y) was the key driver of the bigger deficit.

Capital Inflows Net capital inflows, led by the encouraging buoyancy

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Can the Congress Government Change the High Deficit and Decling Investment Trend ?

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The UPA Government led by Congress got busy defending series of Scams in which its Ministers were a party, neglecting the Indian Economy and pushing it to deeper problems with increase in Social Spending(Vote Bank Politics).

Since the credit crisis, the bad growth mix (high fiscal deficit and declining private investment) has been causing a steady
deceleration in potential growth and has culminated in a stagflation-type environment in India.

The government announced some measures (Oil & gas Price Hike, FDI in Retail, etc) to contain the fiscal deficit and revive investor sentiment. While we have a positive view on the steps taken to

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Royal Orchid Hotels opens one hotel ‘Regenta Central’ in Chandigarh

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Royal Orchid Hotels has opened a hotel ‘Regenta Central’ located at NH 21, near Chandigarh Airport, Zirakpur in Chandigarh. With the opening of the above hotel, the company has now 23 hotels across 16 cities in India. The above hotel is with 66 guest rooms in addition to bar, specialty restaurant, conference hall and other … Read more Royal Orchid Hotels opens one hotel ‘Regenta Central’ in Chandigarh

Bankwise Details of ATMs Installed across India

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We’d like to present to you the total number of ATMs installed by all the banks in India. This will be helpful for citizens who travel a lot and who may require cash. RBI also has a customer friendly regulation of currency withdrawal at other bank ATMs other than the one where you have your account.

Indian Banks together have an ATM network of 99,218 machines dispensing cash across the country at end of June-2012. This includes ATM at Banks as well as Non-Bank locations. SBI leads the pack with 22,469 ATMs followed by Axis Bank with 10,337 ATMs. The difference between the First and Second is quite large for anyone else to come and fill the gap. Surprisingly, Barclays and American Express do not have any ATMs in India.

The Following chart shows Total Number of ATMs Installed by each and every Bank in India.

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