Time to see reverse repo rate!

Time to see reverse repo rate!

RBI surprises again, raises repo rate by 25bp to 8%, keeps CRR unchanged

http://timesofindia.indiatimes.com/business/india-business/RBI-surprises-again-raises-repo-rate-by-25bp-to-8-keeps-CRR-unchanged/articleshow/29481938.cms

RBI is lending money to commercial banks and now we shall see increase in interest rates from the Banks, definitely hitting the commoners.
Important question to ask–Are Banks really running out of liquid cash? If yes then are people using the paper note more than before? Is it because of inflation people have to withdraw more money than before? And hence repo rate is raised by 25 basis points.
After the scams like CWG, Coalgate, Aadarsh etc. people were expecting revival in interest rates, but in contrast repo rate is increased.

Approximately more than 50 % of Indian population is below the age of 30. Now all who are trying to settle down, on the verge of fulfilling daily needs like buying car, house will have to do their calculations again.

Am sure, RBI wants to control inflation by taking certain steps, Time will tell us!

I feel, post elections we may see reverse repo rate where Banks would lend money to RBI and may see fall in interest rates, there by benefiting Indian citizens. Can be an important step to reduce inflation!!!


Views are strictly personal.

“Pro-Reactiveness shown by biggies”

                                                  “Pro-Reactiveness shown by biggies”

Data protection norms in EU may hurt Indian IT sector:
Nasscom

NASSCOM reported on 13^th January 2014 that Data protection norms may hurt Indian IT, a billion dollar industry.

Focus on Acquisitionsà

http://articles.economictimes.indiatimes.com/2014-01-13/news/46150036_1_data-security-indian-it-debt-crisis

Has the IT organizations shown pro-activeness or did they pre-empt European data regulation norms. Europe showing signs of recovery after sovereign debt crisis.Data protection norms may hurt billion dollar Indian IT-ITES industry.

Above listed organizations have shown pro-activeness by acquiring firms in Europe and their-by the data protection law shall stand null & void. Almost all the organizations reported that they wanted to strengthen their Analytics, ERP or electronics engineering arm. However, the fact can be that they might have anticipated bottleneck in terms of transferring European personal data to India. Or is it that organizations wants to increase their presence by acquiring firms in various geographies.

Infact, I strongly feel reverse data migration is taking place. UIDAI agrees to share contract agreement with French and US biometrics technology companies.

Caveat: Observations are absolutely personal and no ambush is intended.

Mobile internet world for 2014

Mobile internet world for 2014

As we set our foot in 2014, mobile internet users are seen adding up numbers in 2014 in India.

1= 1 Million users


Above data: Reference from ET, IMAI and IMRB

The image depicts an upward trend for mobile internet users in India. More and more people get user friendly with mobile internet in 2014.

Indicates mobile gaming, apps will take a leap in 2014.

Seen more IT heads adding to the list, so scope of sourcing, recruiting more people on social forums increases.

Recruiting, branding, Marketing etc. sees as a golden opportunity to seize their market share.

Increase in sales of mobile companies; online sales will see an increase in revenue.

Cloud computing picks up as more and more hand phones are connected to network; Security becomes imperative in a scenario like this.

Apps like Google maps ensure people reach their destination faster than before.

People behavior observed closely, Social forums like twitter, Facebook etc. will give a freeway to be more expressive.

Middle class, upper middle class becomes more aware of the political scene by easy access to news etc.

which is proportional to change in political scenario in 2014.