panch-tattva talk…macro environment and nifty XI

Friends,

 

The emloyee’s salary bill for the central govt. in India costs now 2% of GDP . It was higher at 3% in 2001.

 

This is a very welcome thing for the although the economy has expanded a lot since than the concern for the poor and the concern for defence are no less than in 2001. The terrorism also keps the govt. on toe. IN this light if the wage bill of govt. should have gone up but it down. This may happened for two reasons ie the communication (both physical and tele) has become cost efeective and secondly because of improved job market has made the govt. jobs less attractive and the ‘netas’ don’t have pressures from the masses to have more openings in the govt. sector. We should that this situation as good for the markets.

 

HariOm,

krsnaKhandelwal

panch-tattva talk…Indian markets influenced

Friends,

The DOW had melted in USA yesterday and the Asian markets got into a tail spin in the morning. My view that Indian strengths have to be honored and markets in India should not go down any further looks out of sync.  There is definitely a powerful group which does just the reverse . Nifty went down too this morning although last two days’ trading was fairly on side of buying . However right at the time of my writing this piece , the Nifty has improved to a level of 4175 after the low point touched at around 4100. After the report that corporate and income tax collection up to now in the current year has been higher by over 40 p.c., I am unbable to see any future or at least short term future weakness in Indian stocks.

Hope you hold the same view,

HariOm,
KrsnaKhandelwal