IIPM Ranked No. 1 B-School In Global Exposre - Zee...
America’s shattering dream has compounded problems for the Indian economy. virat bahri of B&E analyses the fall out of the crisis and the near term outlook
Seeing how all this is panning out, we Indians (and of course all the other affected countries) should now be demanding voting rights to veto the US President whenever he passes another policy initiative that puts the wind behind the sails of the splurging Americans in future… This may sound a tad too ambitious, considering how little we can do about the state of affairs in our own country. But look at what a horde of over ambitious individuals with inflated egos to feed and credit cards to recklessly flaunt, coupled with banks that threw caution to the wind, regulators that did anything but regulate, and a government that itself desperately needs fiscal discipline training, have done to us! And literally no economy has been spared, India included. Only the degree varies, depending on how lucky (read: decoupled) you are with US & the EU.
Indeed, the direct impact has been very minimal if we think about banks. After all, our Indian banks are ‘laymen’ compared to the likes of ‘Lehman’ Brothers in risk taking, more so due to a cautious RBI, which, in retrospect, is a good thing of course. The panic was largely felt in the case of ICICI Bank & Bank of Baroda, whose exposure to the toxic securities was a cause of real concern. ICICI declared an exposure of $80 million and that it needed to make a provision of around $28 million.
However there are many ways the US crisis has made matters difficult for Indian banks, and has also put the entire economy in a bit of a quagmire. The most visible impact has been on the Sensex (8,023 at the time of writing); as FIIs, faced with a devastating credit crunch back home have scurried to withdraw their money; and they have sold over $10 billion worth of stocks this year so far; which has been devastating, in turn for the rupee which, by October 23, was flirting with the 50 mark to the dollar.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
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America’s shattering dream has compounded problems for the Indian economy. virat bahri of B&E analyses the fall out of the crisis and the near term outlook
Seeing how all this is panning out, we Indians (and of course all the other affected countries) should now be demanding voting rights to veto the US President whenever he passes another policy initiative that puts the wind behind the sails of the splurging Americans in future… This may sound a tad too ambitious, considering how little we can do about the state of affairs in our own country. But look at what a horde of over ambitious individuals with inflated egos to feed and credit cards to recklessly flaunt, coupled with banks that threw caution to the wind, regulators that did anything but regulate, and a government that itself desperately needs fiscal discipline training, have done to us! And literally no economy has been spared, India included. Only the degree varies, depending on how lucky (read: decoupled) you are with US & the EU.Indeed, the direct impact has been very minimal if we think about banks. After all, our Indian banks are ‘laymen’ compared to the likes of ‘Lehman’ Brothers in risk taking, more so due to a cautious RBI, which, in retrospect, is a good thing of course. The panic was largely felt in the case of ICICI Bank & Bank of Baroda, whose exposure to the toxic securities was a cause of real concern. ICICI declared an exposure of $80 million and that it needed to make a provision of around $28 million.
However there are many ways the US crisis has made matters difficult for Indian banks, and has also put the entire economy in a bit of a quagmire. The most visible impact has been on the Sensex (8,023 at the time of writing); as FIIs, faced with a devastating credit crunch back home have scurried to withdraw their money; and they have sold over $10 billion worth of stocks this year so far; which has been devastating, in turn for the rupee which, by October 23, was flirting with the 50 mark to the dollar.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
