Editor's Desk

Spectrum Auction – Congress Govt Unable to Decide on – Reserve Price + Renewal + One Time Charge

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The PM of India, Dr. Singh, the silent witness to the Largest Scam Globally – Telecom Spectrum Scam in India is neither able to decide on the Reserve price for Spectrum Auction as mandated by the Supreme Court nor is able to come out with any transparency on Spectrum Renewal Charges and One Time Fees for existing Spectrum Holders.

The so called EGOM (Empowered group of ministers) made the following key recommendations: 1) Base spectrum price is fixed between Rs 140-160 bn (TRAI reco was Rs 180 bn); 2) Spectrum usage charge is fixed

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Can the Congress led UPA Government Deliver on the Economic Front from here On ?

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Weak fundamentals on the macro front have been exacerbated by a lack of policy decisiveness and the diminishing popularity of the incumbent UPA, as seen in recent state elections. Allegations of corruption have been negative for sentiment and investment projects. Concerns are rising that the dual leadership model of the Congress that worked well in the past may not prove very successful this time around.

With the former FM Pranab Mukherjee now contesting Presidential election, PM Manmohan Singh has taken over charge of the Finance Ministry which is in a very bad shape.

Inheriting a slowing economy with elevated inflation

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Why Indian Inflation Rises During Congress Rule ?

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The Indian National Congress headed by Mr. Rahul Gandhi suffered a miserable defeat in India’s largest electorate state of Uttar Pradesh for only one big reason – Common Man / Aam Aadmi tired of Price rise in India. We decided to collect the data of WholeSale Price Index, Food and Non-Food Inflation over the past 8 years since the Congress government has come to power in India.

As evident in the WPI Food & Noon Food Inflation Chart below from 2005 to 2012, the Government took charge when the Inflation Number was mere 2%.

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ZTE reveals Strategy for – LTE + Small Cells + C-RAN

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At the annual ZTE Conference, ZTE exhibited confidence in its smartphone business, including plans to double smartphone shipment volume in 2012 to 30mn units and achieve margin recovery driven by sales growth in developed markets. On the Networks Front, ZTE indicated small cells/LTE/C-RAN as targeted growth areas backed by smartphone driven data traffic growth.

ZTE’s TD-LTE Initiative
ZTE thinks equipment vendors have addressed most of the technical issues necessary to launch TD-LTE commercial

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Indians’ Sensitivity to Gold Prices + Why Traditional Jewelers + Lending & Borrowing of Gold ?

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The Yellow Metal has been a matter of discussion in every Economist’s Office amidst Global Turmoil in Europe and not to ignore the derailment of Local Economy by Dr. Singh and his scam scarred government. Thus, the situation leads to safe heaven Investment – The Gold. We have already analyzed in our previous Article – Indians’ Love Towards Gold. Today we’ll inspect the other aspects in BUYING Gold.

Sensitivity – Does Rising Price Affect BUYING of Gold in India ?
Theory of Economics suggests us that rising gold prices have a psychological effect on demand. However, ears on the ground in indicate that purchases of gold are finely balanced between buying quantity and buying a fixed amount in a normal scenario. A study of Gold Consumption Vs Price Rise reveals – A 10% rise in Gold price above

Read moreIndians’ Sensitivity to Gold Prices + Why Traditional Jewelers + Lending & Borrowing of Gold ?

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India’s GDP a Shock of Decade for already Worried Industry – Government in Denial Mode for FY 2013 GDP

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In a shocker, growth in Q4FY12 dropped to nine year low of 5.3% YoY, lower than anyone could have gauged. On hindsight, Analysts estimate at 6.1% YoY appeared rather optimistic.

Services sector that has otherwise been the key growth driver clocked 8.9% YoY growth in FY12 compared to 9.3% YoY in FY11. If the services sector fails to recover in 2012, growth prospects could get even more clouded.

Industrial growth slumped by almost half to 3.4% YoY from 7.6% earlier

Read moreIndia’s GDP a Shock of Decade for already Worried Industry – Government in Denial Mode for FY 2013 GDP