Vehicle sales are dwindling. Consequently, there are fears of a recession in the automobile sector. I my opinion, the current scenario is more of a ‘correction’ than a ‘slowdown’.
The recent passage of the bill for allowing FDI in Retail was marred by political bickering, parliament disruptions, walkouts, consideration of the no-confidence vote, numerous media debates, obvious backhand dealings, and public posturing by politicians. If all this mayhem wasn’t enough, a new dimension was recently added – lobbying.
On Friday the 29th of June 2012, the stock market reversed its downward spiral and rose up by two to three percent. Stocks across sectors were upbeat. Investors suddenly became more confident about India. News headlines changed for the positive. What happened overnight that suddenly many people started restoring their faith in India? The answer lies surprisingly in a political event, the Presidential Election.
'Corruption' is the buzzword these days with a new scam unfolding every now and then. This is one of those few words that have the rare distinction of not requiring an introduction to anybody. Just when we thought one knows enough about the topic, comes a unique comment from BJP president Nitin Gadkari. Recently, he labelled the charges against Karnataka Chief Minister BS Yeddyurappa as immoral and not illegal, thereby not being corrupt. Worth exploring further...