“Escalating social and political risks, slowing growth and rising inflation mean that we are already in a macro environment that would hurt both stock and bond returns. Stocks first and bonds next. Dance near the door, if you still want to party.”-V Anantha Nageswaran , Senior Economist at Asianomics wrote in Mint
Some stuff I am reading this morning:
Reliance Industries spends only 5% of its buyback kitty so far (EconomicTimes)
Will Rupee tumble to 60 against the $ ? (Firstpost)
RBI Watch:ECB Data for March 2012 (RBI)
How Pawan Ruia is screwing minority shareholders (NeerajMarathe)
Special report on bullion and energy by SMC (ValueNotes)
Marginal oil production costs are heading towards 100$ barrel (FTAlphaville)
BCCI’s boss’s son punches cop (MumbaiMirror)
In an excellent paper written for the American Enterprise Institute, Nicholas Eberstadt states that :
Over the next two decades, India‘s total population is set to grow by a little over 1% per annum, possibly becoming the world‘s most populous state before 2030—and almost all of this growth would be working age manpower. As India‘s manpower pool grows, the country‘s ―dependency ratio (the ratio children under 15 and persons over 65 to working-age population) will be falling, and the society will remain relatively youthful. Such changes in population structure could facilitate higher levels of national savings, investment, and thus —all other things being equal—economic growth.
The catch?Lack of education access (education deficit) and proper medical facilities (health deficit) for millions of Indians can possibly spoil the party.
“The balance sheets of all banks in 2012 are weaker than in 2008. The banking sector as a whole today is less liquid, less profitable, less stable, less sound and with poorer asset quality as compared with 2008 and the recent past”-Haseeb Drabu , former CEO, J&K Bank said in an article in Mint