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Analysis: One misunderstanding could trigger global crisis
The game of military bluff China and the United States are playing off the Chinese coast could erupt in full-fledged crisis hitting the arteries of global trade if Pentagon wo
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Here in Andhra Pradesh we have experienced the open acts of violations in all the way of elimination of individuals on the name of people’s war, legally and illegally, without considering the democratic values and their rights since last 25 years. The police have been empowered to kill the armed cadres of the peoples’ war and civilian on its name in which doctors, advocates, and women including Children and aged all almost all people those who happened to be come in their way of suppressing the left wing extremism which has been recognized by all political parties in Andhra Pradesh as all these parties have lost some of their members on the name if informers in the hands of peoples’ war party. So every party has been compelled to kill the peoples’ war and its supporters. Once in the past the tdp founder in his early stage of his tdp said that the naxalas are the real patriots. After coming to power he followed the way of the same what mr. jalagam vengalarao followed in his rule. The same killings policy was continued by the Chandra babu naidu in his time. Once for a brief period dr. marrichenna reddy has given the peoples war party a chance to work on the principles of democracy without possessing the arms in the habds of their cadre in villages as they have been engaged themselves in village panchayats and committed forceful obeyance of their dictums in their areas. They killed so many on the name of landlords, informers and corrupt. These acts made the government a chance to impose a ban on their activities by the nedurumilli janardhan reddy government in Andhra Pradesh. Police always tend to break the relief of peples’war party by promting the government and its top officials for their enormous powers in the open societies and in plane areas too where these some police officials have improved their economic status to some millions for their personal benefits from the normal salared basis in the government. They almost in all the they thought that they are the bosses and super powers to do whatever they want in their area. They worked for awrds and rewards from the government which has declared the values to the party cadres and leaders from the range of Rs. 20000 to 2000000 for their heads. So the police have resorted all the violations and killings of the people. At the same time the police also lost some brilliant officers from lower level of constable to DIG. Thousands of the lives have gone in the air on the name of revolution from the point of the people war and the police with the support of political parties what they said that they wanted the peace and democratic rights for every one in the society. In essence in Andhra Pradesh the people came to know that these two sections of the society have the nature and habit to kill all those who wanted to oppose a bit on any name. They have no toleration against any on one of the society. In continuing such policy of the both the police have emerged the winners in the war between the peoples’ war and the police. A brief relaxation was given to the peoples’war in the early time of the Rajashekhar reddy government through peace talks in which Mr.Jana reddy was on the side of the government as the home minister of Andhra Pradesh and the other side was the secretary of the people’s war .akkiraju hara gopal along with two others. The talks were failed on the consistence of the ysr who asked the naxals to lay down their weapons and its armend policy. The peoples’war again returned back to the forest to continue the same policy of the violence and revolution. Since then so many important leaders were killed in real and in fake encounters. But both are rigid in their way. In a long run the people’s war has lost its ground here in the hands of the police and political parties. We can see the roots of Andhra Pradesh in the present lal gardh in which the important leader was known as mallojula koteshwar rao who has the base and experience of Andhra Pradesh here in lal garh. In lal garh the new model of the movement is seen on the screen of left wing extremeism or the naxalite movements in India as these naxalites has changes their name of their organization from peoples’wear to the Maoists soon after the break down of the peace talks in Andhra Pradesh and migrated to other areas of India from Andhra Pradesh. The general sense and practice the police and all political parties have given the name to the peoples’ war or Maoists for the young and new comers to the party. And all most regarded as a death in the hands of the police if any body goes to the contact of any one of its leaders or its cadre here in Andhra Pradesh since last 25 years except the periods of relief given by the political parties backed governments here. Hence it is the turn of other parts of the country with the same principles to become another Andhra Pradesh as it has been seen another naxalbari movement in Andhra Pradesh. A lot of blood has been flown like rivers here in Andhra Pradesh on the name of revolution and peace by the both sides. But the the Maoists have lost so many valuable lives more than the police. Now keeping the past experience of Andhra Pradesh, and naxalbari movements and armed struggles, the Maoists have to check their policy of the 50 years old in the changing times and generations of the changing situations in India and should make themselves more useful to the needy and down trodden in the society by re-examinig the Marxism-leninism and Maoist philosophy in accordance to the present society and state in India as it has been seen so many times that it is not fit now to the new deseases of the capitalist societies. It has to come from the point of Marxism to Maoism covering all the material facts and movements of the world for their new policy of service to the people in the interest of the poor, downtrodden. Daliths, muslim monirities and other oppressed sections of the society in India
Ayub mohammed
http://groups. yahoo.com/ group/political_ analysts/
have spent a lot at the cost of my dad while my olden days, and got some degrees in education without knowing its value and validity at that time and continued the same habit at my own cost since then that time to present now.And
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DOW (8212.41) and NASDAQ (1719.20) closed 1.7% and 1.5% up respectively last week.Support for DOW is at 8000 and NASDAQ 1670.Resistance for DOW is at 8520 and NASDAQ 1800.
Trend Of Major Indices and Stocks
Symbol Trend No. of Days WeeklyTrend MonthlyTrend
^DJI Bulllish 3 Rising Rising
^IXIC Bulllish 3 Rising Rising
AA Bulllish 2 Rising Rising
AXP Bearish 1 Rising Rising
BA Bulllish 6 Rising Rising
C Bearish 1 Rising Rising
CAT Bulllish 3 Rising Rising
DD Bearish 1 Falling Rising
DIS Bulllish 3 Rising Rising
EK Bearish 5 Falling Rising
GE Bulllish 2 Rising Rising
GM Neutral 1 Falling Rising
HD Bearish 1 Falling Rising
HON Bulllish 3 Rising Rising
IBM Bulllish 4 Flat! Flat!
INTC Bulllish 3 Falling Rising
IP Bulllish 3 Rising Rising
JNJ Bulllish 3 Rising Rising
JPM Bearish 2 Falling Rising
KO Neutral 1 Falling Rising
MCD Bearish 6 Falling Rising
MMM Neutral 2 Rising Rising
MO Bearish 4 Falling Rising
MRK Bulllish 3 Falling Falling
MSFT Bearish 1 Rising Rising
PG Bearish 2 Rising Rising
T Bulllish 4 Rising Rising
UTX Neutral 3 Rising Rising
WMT Bulllish 3 Rising Rising
XOM Bulllish 1 Rising Rising
Useful Technical Indicators for Major Indices and Stocks
Symbol Close PVBreakout MFI-21 RSI-14
^DJI 8212.41 Neutral 56.9 60.54
^IXIC 1719.2 Neutral 60.47 64.89
GE 12.69 Neutral 61.08 64.05
GM 1.81 Loser 55.2 44.95
IBM 104.61 Neutral 66.04 63.82
MSFT 20.24 Loser 56.75 59.67
PG 49.5 Neutral 49.03 50.9
MFI=Money Flow Index
RSI=Relative Strength Index
PV=Price Volume
Trading Idea
(1)T(26.01)Buy at declines and trade.
By
Bullet Advisory Indian Stocks-India’s top most no.1 best stockmarket advice blog,hot stocktips calls by expert technical analyst Narendra Nainani of India.Most preferred paid subscription stocktips calls website of India.Excellent success ratio of more than 90% with superb trading ideas.
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M-9898162770
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Narendra Nainani
AHMEDABAD, GUJARAT, India
Narendra Nainani is renowned technical analyst and stock market advisor of INDIA having experience of more than 26 years having excellent success ratio.Expert in Derivatives Products-Futures & Options,Intraday,Short Term ,Medium Term,Long Term,Portfolio Management,IPO & Mutual Fund Advisor.Covered regularly by E TV & Business Magazines like The Economic Revolution for Market views.
India’s top most no.1 best stockmarket advice blog hot stocktips calls by expert technical analyst of India.Most preferred paid subscription stocktips calls website India.Excellent success ratio of more than 90%.good superb trading ideas.M-9898162770
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DOW (8574.65) and NASDAQ (1739.00) closed 4.4% and 1.2% up respectively last week.Support for DOW is at 8330 and NASDAQ 1670.Resistance for DOW is at 8850 and NASDAQ 1810.
Trend Of Major Indices and Stocks
Symbol Trend No. of Days WeeklyTrend MonthlyTrend
^DJI Bulllish 1 Rising Rising
^IXIC Bearish 2 Rising Rising
AA Bearish 2 Rising Rising
AXP Bulllish 1 Rising Rising
BA Bulllish 1 Rising Rising
C Bulllish 5 Rising Rising
CAT Neutral 1 Rising Rising
DD Bearish 3 Falling Rising
DIS Bulllish 8 Rising Rising
EK Bulllish 1 Falling Rising
GE Bulllish 7 Rising Rising
GM Bearish 3 Falling Rising
HD Bearish 3 Falling Rising
HON Bulllish 8 Rising Rising
IBM Bearish 3 Flat! Flat!
INTC Bearish 2 Falling Rising
IP Neutral 1 Rising Rising
JNJ Bulllish 8 Rising Rising
JPM Bulllish 1 Rising Rising
KO Bulllish 1 Falling Rising
MCD Bulllish 4 Rising Rising
MMM Bulllish 1 Rising Rising
MO Bulllish 4 Rising Rising
MRK Neutral 1 Rising Falling
MSFT Bearish 6 Falling Rising
PG Bulllish 3 Rising Rising
T Bearish 2 Falling Rising
UTX Bulllish 1 Rising Rising
WMT Bulllish 1 Rising Rising
XOM Bulllish 5 Rising Rising
Useful Technical Indicators for Major Indices and Stocks
Symbol Close PVBreakout MFI-21 RSI-14
^DJI 8574.65 Neutral 66.1 66.88
^IXIC 1739 Neutral 58.05 62.07
GE 14.53 Neutral 70.35 76.19
GM 1.61 Neutral 50.88 40.86
IBM 101.49 Loser 58.39 51.98
MSFT 19.42 Neutral 45.71 50.79
PG 51.57 Neutral 53.72 58.28
MFI=Money Flow Index
RSI=Relative Strength Index
PV=Price Volume
Trading Idea
(1)AXP(28.40)Buy at declines and trade.
By
Bullet Advisory Indian Stocks-India’s top most no.1 best stockmarket advice blog,hot stocktips calls by expert technical analyst Narendra Nainani of India.Most preferred paid subscription stocktips calls website of India.Excellent success ratio of more than 90% with superb trading ideas.
.
M-9898162770
Website http://www.narendranainani.blogspot.com
Narendra Nainani
AHMEDABAD, GUJARAT, India
Narendra Nainani is renowned technical analyst and stock market advisor of INDIA having experience of more than 26 years having excellent success ratio.Expert in Derivatives Products-Futures & Options,Intraday,Short Term ,Medium Term,Long Term,Portfolio Management,IPO & Mutual Fund Advisor.Covered regularly by E TV & Business Magazines like The Economic Revolution for Market views.
India’s top most no.1 best stockmarket advice blog hot stocktips calls by expert technical analyst of India.Most preferred paid subscription stocktips calls website India.Excellent success ratio of more than 90%.good superb trading ideas.M-9898162770
Website NIFTYTRADING .
Bullet Advisory Indian Stocks-U.S.Markets Weekly Dow (10850.36) and Nasdaq (2395.13) closed 1.0 % and 0.90% up respectively last week.Support for Dow is at 10680 and Nasdaq 2350.Resistance for Dow is at 11000 and Nasdaq 2430. Trend Of Major Indices and Stocks Symbol Trend No. of Days WeeklyTrend MonthlyTrend ^DJI Neutral 3 Rising Flat! ^IXIC Bearish 2 Rising Flat! AA Bearish 3 Rising Flat! AXP Bearish 1 Rising Flat! BA Neutral 3 Rising Flat! C Bulllish 3 Rising Flat! CAT Bulllish 3 Rising Flat! DD Bearish 1 Rising Flat! DIS Bulllish 2 Rising Flat! EK Bulllish 1 Falling Flat! GE Bearish 2 Rising Flat! HD Bulllish 1 Rising Flat! HON Neutral 2 Rising Flat! IBM Bulllish 3 Rising Flat! INTC Bearish 2 Rising Flat! IP Bearish 2 Rising Flat! JNJ Bearish 3 Falling Flat! JPM Neutral 1 Rising Flat! KO Bearish 2 Rising Flat! MCD Neutral 1 Rising Flat! MMM Bearish 2 Falling Flat! MO Bearish 1 Falling Flat! MRK Bearish 2 Falling Flat! MSFT Bearish 1 Rising Flat! PG Bearish 3 Falling Flat! T Bearish 2 Rising Flat! UTX Neutral 3 Rising Flat! WMT Bearish 2 Rising Flat! XOM Bearish 5 Rising Flat! Useful Technical Indicators for Major Indices and Stocks Symbol Close PVBreakout MFI-21 RSI-14 ^DJI 10850.36 Neutral 80.88 70.31 32.39 ^IXIC 2395.13 Loser 79.26 68.14 29.36 GE 18.34 Neutral 64.92 75.31 39.48 IBM 129.26 Neutral 46.11 59.49 10.12 MSFT 29.66 Loser 65.62 58.03 25.42 PG 63.69 Neutral 43.73 54.2 19.31 PV=PriceVolume MFI=Money Flow Index RSI=Relative Strength Index Trading Idea (1)HD(32.75) Buy at declines and trade. By Bullet Advisory Indian Stocks-India’s Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market. M-+919898162770 Website http://www.subscriptionnarendranainani.blogspot.com Website subscriptionnarendranainani.blogspot.com
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Narendra Nainani AHMEDABAD, GUJARAT, India Narendra Nainani is renowned technical analyst and stock market advisor of INDIA having experience of more than 26 years having excellent success ratio.Expert in Derivatives Products-Futures & Options,Intraday,Short Term ,Medium Term,Long Term,Portfolio Management,IPO & Mutual Fund Advisor.Covered regularly by E TV & Business Magazines like The Economic Revolution for Market views. India’s top most no.1 best stockmarket advice blog hot stocktips calls by expert technical analyst of India.Most preferred paid subscription stocktips calls website India.Excellent success ratio of more than 90%.good superb trading ideas.M-9898162770 Website subscriptionnarendranainani.blogspot.com.
Website hubpages.com/profile/naninn .
Strengths:
1. Indian Textile Industry is an Independent & Self-Reliant industry.
2. Abundant Raw Material availability that helps industry to control costs and reduces the lead-time across the operation.
3. Availability of Low Cost and Skilled Manpower provides competitive advantage to industry.
4. Availability of large varieties of cotton fiber and has a fast growing synthetic fiber industry.
5. India has great advantage in Spinning Sector and has a presence in all process of operation and value chain.
6. India is one of the largest exporters of Yarn in international market and contributes around 25% share of the global trade in Cotton Yarn.
7. The Apparel Industry is one of largest foreign revenue contributor and holds 12% of the country’s total export.
8. Industry has large and diversified segments that provide wide variety of products.
9. Growing Economy and Potential Domestic and International Market.
10. Industry has Manufacturing Flexibility that helps to increase the productivity.
Weaknesses:
1. Indian Textile Industry is highly Fragmented Industry.
2. Industry is highly dependent on Cotton.
3. Lower Productivity in various segments.
4. There is Declining in Mill Segment.
5. Lack of Technological Development that affect the productivity and other activities in whole value chain.
6. Infrastructural Bottlenecks and Efficiency such as, Transaction Time at Ports and transportation Time.
7. Unfavorable labor Laws.
8. Lack of Trade Membership, which restrict to tap other potential market.
9. Lacking to generate Economies of Scale.
10. Higher Indirect Taxes, Power and Interest Rates.
Opportunities:
1. Growth rate of Domestic Textile Industry is 6-8% per annum.
2. Large, Potential Domestic and International Market.
3. Product development and Diversification to cater global needs.
4. Elimination of Quota Restriction leads to greater Market Development.
5. Market is gradually shifting towards Branded Readymade Garment.
6. Increased Disposable Income and Purchasing Power of Indian Customer opens New Market Development.
7. Emerging Retail Industry and Malls provide huge opportunities for the Apparel, Handicraft and other segments of the industry.
8. Greater Investment and FDI opportunities are available.
Threats:
1. Competition from other developing countries, especially China.
2. Continuous Quality Improvement is need of the hour as there are different demand patterns all over the world.
3. Elimination of Quota system will lead to fluctuations in Export Demand.
4. Threat for Traditional Market for Powerloom and Handloom Products and forcing them for product diversification.
5. Geographical Disadvantages.
6. International labor and Environmental Laws.
7. To balance the demand and supply.
8. To make balance between price and quality.
To get more insight on Indian Textile Industry visit www.india-crafts.com
Priyanshu Shrivastava is the author of India Crafts This website provides information on Indian Arts & Crafts, Industry Reports, Jewelry,Home D
DOW (9441.27) and NASDAQ (2018.78) closed 1.1% and 0.50% down respectively last week.Support for DOW is at 9110 and NASDAQ 1925.Resistance for DOW is at 9720 and NASDAQ 2080..
Trend Of Major Indices and Stocks
Symbol Trend No. of Days WeeklyTrend Month
^DJI Bearish 1 Falling Rising
^IXIC Bulllish 8 Falling Rising
AA Bulllish 2 Falling Rising
AXP Bulllish 3 Rising Rising
BA Bulllish 7 Flat! Flat!
C Bulllish 2 Rising Rising
CAT Bearish 3 Falling Rising
DD Bulllish 1 Falling Rising
DIS Bearish 1 Falling Rising
EK Bulllish 4 Rising Rising
GE Bearish 1 Falling Rising
HD Bulllish 4 Rising Rising
HON Bearish 1 Rising Rising
IBM Bearish 1 Flat! Flat!
INTC Bulllish 4 Rising Rising
IP Bulllish 8 Rising Rising
JNJ Bearish 3 Falling Rising
JPM Bearish 1 Falling Rising
KO Bearish 1 Falling Rising
MCD Bearish 1 Rising Falling
MMM Neutral 1 Falling Rising
MO Bearish 1 Rising Rising
MRK Bearish 1 Falling Rising
MSFT Neutral 1 Falling Falling
PG Neutral 1 Falling Rising
T Bearish 1 Rising Rising
UTX Bearish 1 Rising Rising
WMT Bearish 2 Rising Rising
XOM Bearish 1 Rising Rising
Useful Technical Indicators for Major Indices and Stocks
Symbol Close PVBreakout MFI-21 RSI-14
^DJI 9544.2 Loser 59.4 66.92 ^IXIC 2028.77 Neutral 56.99 63.33 GE 14.08 Loser 65.48 58.35 IBM 118.22 Loser 50.54 55.22 MSFT 24.68 Loser 68.69 63.05 PG 53.19 Neutral 40.45 49.79
MFI=Money Flow Index
RSI=Relative Strength Index
PV=Price Volume
Trading Idea
(1)INTC(20.25)Buy at declines and trade.
By
Bullet Advisory Indian Stocks-India’s Top Most No.1 Best Stock Market Advice Blog,Hot Stock Tips Calls by Expert Technical Analyst Narendra Nainani of India.Most Preferred and Successful Paid Subscription Stock Tips Calls Website of India.Excellent Success Ratio of more than 90% with Superb trading ideas.Most Successful Intraday Stock Future Calls Provider Service Indian Share Market.
Website http://www.narendranainani.blogspot.com
Narendra Nainani
AHMEDABAD, GUJARAT, India
Narendra Nainani is renowned technical analyst and stock market advisor of INDIA having experience of more than 26 years having excellent success ratio.Expert in Derivatives Products-Futures & Options,Intraday,Short Term ,Medium Term,Long Term,Portfolio Management,IPO & Mutual Fund Advisor.Covered regularly by E TV & Business Magazines like The Economic Revolution for Market views.
India’s top most no.1 best stockmarket advice blog hot stocktips calls by expert technical analyst of India.Most preferred paid subscription stocktips calls website India.Excellent success ratio of more than 90%.good superb trading ideas.M-9898162770
Website MostSuccessfulIntraDayStockFutureTipsProviderIndia.
Analysis of Indian Financial Sector reveals that it is at present going through a phase of stable growth rate which is experiencing a upward swing. The rise can be maintained over a long period by keeping the inflation down. The financial sector in India has experienced a growth rate of 8.5% per annum. The rise in the growth rate suggests the growth of the economy. The financial policies and the monetary policies are able to sustain a stable growth rate. The reforms pertaining to the monetary policies and the macro economic policies over the last few years have influenced the Indian economy to the core. The major step towards opening up of the financial market further was the nullification of the regulations restricting the growth in the financial sector. To maintain such a growth for a long term the inflation has to come down further. The analysis of Indian financial sector shows the growth of the sector was the result of the individual development of the divisions under the sector.
Analysis of the Indian Capital market
The ratio of the transaction was increased with the share ratio and deposit system The removal of the pliable but ill-used forward trading mechanism The introduction of InfoTech systems in the National Stock Exchange (NSE) in order to cater to the various investors in different locations Privatization of stock exchanges
Analysis of the Indian Venture Capital market
The venture capital sector in India is one of the most active in the financial sector in spite of the hindrances by the external set up Presently in India there are around 34 national and 2 international SEBI registered venture capital funds
Analysis of the Indian Banking sector
The banking system in India is the most extensive. The total asset value of the entire banking sector in India is nearly US$ 270 billion. The total deposit is nearly US$ 220 billion. Banking sector in India has been transformed completely. Presently the latest inclusions such as Internet banking and Core banking have made banking operations more users friendly and easy.
Analysis of the Indian Insurance sector
With the opening of the market, foreign and private Indian players are keen to convert untapped market potential into opportunities by providing tailor-made products: The insurance market is filled up with new players which has led to the introduction of several innovative insurance based products, value add-ons, and services. Many foreign companies have also entered the arena such as Tokio Marine, Aviva, Allianz, Lombard General, AMP, New York Life, Standard Life, AIG, and Sun Life The competition among the companies has led to aggressive marketing, and distribution techniques The active part of the Insurance Regulatory and Development Authority (IRDA) as a regulatory body has provided to the development of the sector
Investment in India – Financial Sector & Reforms
Bank norms liberalized and banks given the freedom to decide levels of holding of individual items of inventories and receivables. Ceiling on term loans raised to Rs. 10,000 million for projects involving expansion/modernization of power generation capacities. Banks allowed setting their own interest rate on post-shipment export credit (in Rupees) for over 90 days. Deregulation of interest rates on loans over Rs. 200,000 against term deposits and on domestic deposits with maturity periods over two years. Banks freed to fix their own foreign exchange open position limit subject to RBI approval
Guidelines issued to banks to ensure qualitative improvement in their customer service. Loan system introduced for delivery of bank credit. Banks required to bifurcate the maximum permissible bank finance of Rs. 200 million and above into loan component of 40% (short term working capital loan) and cash credit component of 60%.
Impact of Financial Sector Reforms in India
Banks have been accorded greater discretion in sourcing and utilization of resources, albeit in an increasingly competitive environment. The outreach of the Indian banking system has increased in terms of expansion of branches/ATMs. In the post-reform period, assets/liabilities of banks have grown consistently at a high rate. The financial performance of banks also improved as reflected in their increased profitability. Net profit to assets ratio improved from 0.49 per cent in 2000-01 to 1.13 per cent in 2003-04. Although it subsequently declined to 0.88 per cent in 2005-06, it was still significantly higher than that in the early 1990s. Banks have been successful in weathering the impact of upturn in interest rate cycle through increasing diversification of their income. Though banks had to incur huge expenditures on up gradation of information technology, the restructuring of the workforce in public sector banks helped them cut down the staff cost and increase in business per employee. Another welcome development has been the sharp reduction in non-performing loans (NPLs). Both gross and net NPLs started to decline in absolute terms since 2002-03. Gross NPLs as percentage of gross advances, which were above 15 per cent in the early 1990s, are now less than 3 per cent. This distinct improvement in asset quality may be attributed to the improved recovery climate underpinned by strong macroeconomic performance as well as several institutional measures initiated by the Reserve Bank/Government such as debt recovery tribunals, Lok Adalats, scheme of corporate debt restructuring in 2001, the SARFAESI Act in 2002. Since 1995-96, the banking sector, on the whole, has been consistently maintaining CRAR well above the minimum stipulated norm. The overall CRAR for scheduled commercial banks increased from 8.7 per cent at end-March 1996 to 12.3 per cent at end-March 2006. The number of banks not complying with the minimum CRAR also declined from at end-March 1996 to just two by end-March 2006. Improved capital position stemmed largely from the improvement in profitability and rising of capital from the market, though in the initial stages the Government had to provide funds to recapitalize weak public sector banks. Even though public sector banks continue to dominate the Indian banking system, accounting for nearly three-fourths of total assets and income, the increasing competition in the banking system has led to a falling share of public sector banks, and increasing share of the new private sector banks, which were set up around mid-1990s. It is clear that we are at the beginning of this new phase in the Indian banking with competitive pressure, both domestic and external, catching up and the need for banks to continuously reassess and reposition themselves in their business plans.
To conclude, the financial system in India, through a measured, gradual, cautious, and steady process, has undergone substantial transformation. It has been transformed into a reasonably sophisticated, diverse and resilient system through well-sequenced and coordinated policy measures aimed at making the Indian financial sector more competitive, efficient, and stable. Concomitantly, effective monetary management has enabled price stability while ensuring availability of credit to support investment demand and growth in the economy. Finally, the multi-pronged approach towards managing capital account in conjunction with prudential and cautious approach to financial liberalization has ensured financial stability in contrast to the experience of many developing and emerging economies. This is despite the fact that we faced a large number of shocks, both global and domestic. Monetary policy and financial sector reforms in India had to be fine tuned to meet the challenges emanating from all these shocks. Viewed in this light, the success in maintaining price and financial stability is all the more creditworthy.
S.Saravanakumar,
Assistant Professor,
Excel Business School,
Namakkal District
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