Posted on October 12, 2008

panch-tattva talk…what’s recession

Friends, Recession can be said to be some thing like declining economic activity of high order which covers most sectors of economy and is for a longer duration. By this yardstick the recession in India does not seem to be imminent. But one condition preceding the full-fledged recession seems to have been there ie that … Continue reading

panch-tattva talk…G7 pledge

Friends, The G7 finance ministers have decided on a five point plan in their meeting in US. The points are: -Vowed to protect major banks and prevent failures. -Commit to find ways to get credit flowing freely again. -Support efforts of banks to raise money from public and private sources. -Safeguard bank depositors who have … Continue reading