The document provides an overview of developments in the Indian and global economies from September 10-14, 2012. In India, the government increased diesel prices and capped LPG subsidies. It also approved 51% FDI in retail and aviation. The RBI cut a key policy rate and inflation rose. Globally, the US and EU took measures to stimulate their economies through bond purchases. China's exports grew slowly.
This month will be important from the corporate earnings perspective. We will have the Q1 earnings coming in. In India, the earnings season starts on July 12 with Infosys coming up with its numbers. In the US, it will start on July 11 with Alcoa coming with the results. We expect the Q1 Y-o-Y earnings growth to be in the range of 15%-20%.
This month will be important from the corporate earnings perspective. We will have the Q1 earnings coming in. In India, the earnings season starts on July 12 with Infosys coming up with its numbers. In the US, it will start on July 11 with Alcoa coming with the results. We expect the Q1 Y-o-Y earnings growth to be in the range of 15%-20%.
The Union Budget presented by Finance Minister Mr. Arun Jaitley, with the muted expectation, it was a good budget considering the local and global financial constraints. The budget stuck to the path of fiscal consolidation. The Government targets to narrow the central fiscal deficit to 3.5% in 2016-17, after having comfortably met its 3.9% target for 2015-16.
The Indian economy was facing Agrarian distress for the past 3 years. This was primarily because the Minimum Support Prices were raised by less than 5% every year in the backdrop of MSP increases between 12% -16% between 2005 and 2013. This was the primary reason for inflation being in double digits since 2009. By keeping the MSP increases below 5% the food prices continue to be under control and the CPI has remained below the RBI’s threshold of 6%. On this backdrop, the government’s decision on focusing on social sector spending was welcome.
The Union Budget presented by Finance Minister Mr. Arun Jaitley, with the muted expectation, it was a good budget considering the local and global financial constraints. The budget stuck to the path of fiscal consolidation. The Government targets to narrow the central fiscal deficit to 3.5% in 2016-17, after having comfortably met its 3.9% target for 2015-16.
The Indian economy was facing Agrarian distress for the past 3 years. This was primarily because the Minimum Support Prices were raised by less than 5% every year in the backdrop of MSP increases between 12% -16% between 2005 and 2013. This was the primary reason for inflation being in double digits since 2009. By keeping the MSP increases below 5% the food prices continue to be under control and the CPI has remained below the RBI’s threshold of 6%. On this backdrop, the government’s decision on focusing on social sector spending was welcome.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
2. Equity View:
Last week, Indian equity markets saw a big set of announcement from the Government of India. The first big
step taken by the government was of hiking the diesel prices by Rs 5 per litre and capping the number of
subsidised LPG cylinders to six per family per year. On the other hand, petrol and kerosene prices have been
left unchanged and a cut in excise duty on petrol prices to extent of Rs 5.30 per litre has been announced. As of
now, the subsidy on petrol was almost negligible and diesel still continues to have a subsidy of more than Rs 13
per liter. This is the first big step which government was expected to announce for a long time.
The other major announcement made by the government was approval of 51% of foreign direct investment in
multi brand retail and aviation. The government announced disinvestment in several PSU units and seeks to
raise another Rs. 15000 Crore by disinvestment in all these firms. All the set of reforms which the people and
the markets were expecting from the government from a very long time have been delivered in one day itself.
This is a very big positive as far as the Indian equity markets are concerned in the medium to long term.
Markets have reacted positively to both of these announcements. The Indian equity markets are up around
18% since beginning of the year and are the best performers in the Asia Pacific region. We maintain our stance
that Indian equity markets are trading at very reasonable valuations and any set of policy measures by the
government is going to get rewarded very handsomely.
On Monday, September 17, 2012 RBI is set to announce its mid-quarter monetary policy review. There is a
strong possibility of RBI carrying out a repo cut in its policy. A token cut of 25 bps is expected in CRR if the cut
doesn’t happen in repo rate. Repo rate cut is almost expected, if the cut doesn’t happen now then it would
happen in the month of October because RBI has been demanding from the government some movement on
diesel and petrol prices, and some movement on fiscal reforms especially in terms of FDI in retail and aviation
and other sectors. The government has delivered all of these during the last week; RBI will find it very difficult
to not embark on the path of monetary easing especially when the global markets continue to see monetary
easing. (Update: RBI cut CRR by 25 Bps on 17th September)
In US, Fed announced that it will launch a fresh round of bond-buying to stimulate the economy, purchasing
$40 billion of mortgage debt each month which amounts to $480 billion dollars worth of additional stimulus, in
addition to the ‘Operation Twist’ that is being carried out currently. Hence, from an equity market perspective
all the enabling factors i.e. a very strong set of global liquidity, a very strong set of fiscal policy by the GOI and
also a high probability of monetary measure announcement by the GOI will be triggered and conditions remain
extremely benign for Indian equities and we continue to advice of entering in the with new and fresh
investments as far as Indian equity markets are concerned.
News:
DOMESTIC MACRO:
India's wholesale price index (WPI) rose a higher-than-expected 7.55% in August from a year earlier
higher than 6.87% in July, mainly driven by higher food prices due to deficient monsoon, government
data showed on Friday.
The government raised the price of heavily subsidised diesel on Thursday to rein in its fiscal deficit and
counter the threat of becoming the first of the big emerging economies to be downgraded to junk. Diesel
prices are hiked by 5 rupees; kerosene, petrol prices were left untouched.
3. The Reserve Bank of India (RBI) on Tuesday relaxed guidelines for Indian companies to raise money
overseas through external commercial borrowings (ECB). It raised the maximum limit of ECB to 75% of
the average foreign exchange earnings in the past three fiscal years, or 50% of the highest export
earnings in any of the three years, or whichever is higher. Earlier, a company could raise a maximum of
50% of its average export earnings in the past three fiscal years.
India's annual exports fell 9.7% to $22.3 billion in August, while imports fell about 5.1% to $38 billion,
leaving a trade deficit of $15.7 billion, a trade ministry official told reporters on Thursday, citing
provisional trade data.
Government allows FDI multi-brand retail, aviation in bold reform push. After months of dithering on the
economy, India's beleaguered government roared back to life in dramatic fashion on Friday, announcing
big bang reforms as part of package of measures aimed at reviving growth and staving off a ratings
downgrade.
GLOBAL MACRO
EURO
The European Union and IMF agreed on Tuesday to ease budget goals imposed on Portugal under a 78-
billion-euro bailout deal, giving Lisbon more time to meet the targets as its economy slides deeper into
recession.
The euro zone debt crisis still has a long way to go before it ends and Europe needs to keep faith in the
single currency, International Monetary Fund deputy managing director Zhu Min said on Tuesday.
Chancellor Angela Merkel won backing for her stance on the European Central Bank's bond buying plans
from a key leader of her Bavarian allies on Monday, after others from the southern German party had
attacked the scheme as dangerous and possibly illegal.
US
The U.S. central bank on Thursday said it will launch a fresh round of bond-buying to stimulate the
economy, purchasing $40 billion of mortgage debt each month until the outlook for jobs improves
substantially.
The United States may lose its triple-A debt rating if next year's budget negotiations do not produce
policies that over time decrease the country's debt, Moody's Investors Service said on Tuesday.
China
Imports fell 2.6% on the year in August. Exports grew 2.7%.
China's economic slowdown is expected to reach its nadir this quarter, with a recovery of momentum
delayed until the final quarter, leaving growth for 2012 likely to fall below 8%, a level unseen since 1999,
a Reuters poll showed.
4. Satadru Mitra Varun Goel Jharna Agarwal
Abbas Naheed Kinjal Mehta
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