The Bombay Stock Exchange benchmark Sensex surged up by a whopping 243 points, or 1.47 per cent, in the opening trade on Tuesday on capital inflows by foreign funds, driven primarily by a rally on global bourses.[The Hindu]
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Prime Minister Manmohan Singh assures, price rise will be controlled soon, hope for the best
Prologue : On price rise, the government believes that, the situation is improving. After a three hour meeting of Congress Working Committee, Congress general secretary Janardhan Dwivedi conveyed the party's and prime minister's concern on it...
"First, the price-rise was discussed at the meeting. Eighteen people expressed their views on it and gave their suggestions. (Finance minister) Pranabji also spoke on it and expressed hope that the condition will become normal soon," Dwivedi said.+++
"At the end of the meeting, the prime minister also spoke on the issue and expressed his concern. He said that things are improving and soon there would be more improvement," he added.
Epilogue : Everyone spoke and expressed hope. They observe that situation is improving. But, how it claimed? Are they aware of ground reality. Ask any one who visits the market. Are the top brass aware of real facts.
Finance ministry moves for AI - IA demerger
With a rehab plan for Air India proving to be a fraught task, a proposal to undo the decision to forge Air India and Indian Airlines into a single entity has been mooted by the finance ministry. The ministry, which has to foot the bill for any revival package, is understood to be increasingly nervous over the viability of bailout plans for the floundering carrier.
At the time of merger, in August 2007, the government's step was too much criticised. However, the merger NEVER moved beyond a common billboard, a holding company and a common web page. Now, see what logic is being given in support of demerger, "International and domestic aviation markets behave differently. Their problems are specific and have to be different."
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