Meenas PoemsInflation is running rampant.
Prod the ways to overcome this beguiling word.
1. Cut short on gasoline.
a.Use public transport.
b.in remote areas utilise car pools.
c. restrict vacationing.
d. by feet to nearby places.
2.Minimise shopping.
a.confine to necessary items.
b.disengage from buying expensive gadgets.
3.Avoid wastage.
a minimum input for maximum output.
Thrift is the antonym of inflation
Outsourcing is a popular sport and business.
India is a hub for this game.
Overeas companies, banks, news agencies, medical professionals, legal firms. sent their work to India.
They were the biggest beneficiary.
Indians lured by the glamour-wages,perks,opted to slog in these hot spots.
AS such, rentals , land value,property appreciation escalated in metros.
The big cities are in a verge of bursting.
Bangalore a sleepy city a decade ago ,better known for its salubrious climate,beautiful gardens,has lost its pristine beauty.
It looks like a old hag heavily made up.The outsourcing activity is becoming weak, as the principles are in
a quaky predicament.
There is lot of displacement, disappointment, and despondency.
Indians fought for political freedom half a century back, now they have to struggle for financial emancipation
Journalism records the day to day events,presents the report in a platter in lucid style.
Business journalism is focused on corporate news,equities,commodities, analysis of industry and market.
In recent years, business journalism has come out of the blue.
The reporting of stock market, especially the ups and downs,provide an interesting reading.
The stories have a grip on the audience.
Certain reporting are so engrossing, that they hold the market watchers in rapt attention.
certain others act as thrillers.
The rise and fall of companies, the acquisitions ,the surge of oil,the movement of currencies, ,idebate of inflation are written with much fervour.
Predictions and analsis ,though mostly go wrong, make us a prudent investor.
Business journalism is blossoming into a charismatic art.
Th e rating of indian economy has been downgraded .
The loan waiver of 70,000 crores for farmers,may bring in votes .
The government has gained political popularity .
It has lost financial credentials.
Industrial growth has slowed down.
Inflation is high, highest in 13 years.
Political stability is a big question as the left have withdrawn support.
The nuclear deal is the much debated issue.
Signing the deal will being benefits to the country.
This is the manifestation of the ruling party.
The larger cross section of the society votes for this deal.
The governments continuance is at jeopardy.
Inflation is in everyone’ s lips.
The Americans are reeling under it.
The housing loan flop, the sub prime crisis, and the weakening dollar,are squeezing U.S. economy.
India and china the upcoming economies are not spared.
Every single commodity is over priced
Gasoline price has been raised in almost all countries.
Movements are restricted.
Oil has hit record high
Gold is marching ahead.
The economists , analysts are baffled.
Their predictions always go wrong.
The world at large is gaping.
A story of an entrepeneur.
The sundarams of the temple city in South India,are first generation of entrpeneurs.
They are a very enterprising couple, known for their integrity and dedication.
As early as 11991, they promoted a spinning mill in the outskirts of their city.
The biggest bank in India The State bank of India accepted to finance their project.
The Sundarams were excited. The commercial production started in mid june.
The bank had given them a term loan and promised to sanction the working limit as soon as the manufacturing process starts.
Thebank did not keep up its words.
The Sundarams were disappointed.
They in their enthusiasm to make the unit get on the wheels,had given the factory, lnd and another valuable property as colatral.
The bank ,after much persuasion ,released 10 lakhs on adhoc basis ,when the need of the hour was 38 lakhs.
The promoters were compelled to run the show,with little funding.
After 10 months, the balance was released.
The initial set back was pinching.
unmindful of the bank’s callous attitude the company worked in full swing.
It employed nearly 100 people.
It produced weft quality yarn,which found a ready market in Ichalkaranji, Bhiwandi and malegoan.
Unfortunately, textile industry was slowly losing its momentum. recession set in .The promoters were in a fix.
The Sundarams wer prompt repayers so far.
After 6 years of full production, the unit falterd.
The interest was very high nearly 23,5%.
The management was in a deep stress and strain.
The bank refused to help them.
Thecompny became a Non performer.
To keep the pot boiling, the management pumped in its own funds.
They could not prolong further. The bank filed a case in debt recovery tribunal.Shutters were brought down.
Workers were given compensation ,
All obligations were fulfilled.
An one time settlement was rached.
The promoters borrowed money ,sold some other asset to settle the score.
But the final payment got delayed by 3 months.
The bank accepted the payment.
it transferred the amount from no lean account tothe company’s account,
The statement showed that there was nil balance in the account.
A year and half has passed, the bank has not released the documents.
The sundarams are desolate and writhing with anger.
They get no proper response from the officials.
The Shylockian syndrome has surfaced.
The bank is demanding more.
The bank is holding the document and the money.
Many defaulters go free.
The genuine repayers face the brunt.
The world should know about it.
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Inflation is the hottest topic of the year 2008.
Inflation can be defined thus -there is lot of money, but there is no intrinsic value.
A foot ball is inflated, so is a tyre of a vehicle..
If the ball or tyre is pumped beyond its hold,they burst.
The paper money is in wide circulation, it is overspent.
Growth of money is manifold, surpassing the limit
The bubble cannot be subdued, it bursts.
Inflation has settled in.
Gold once again in upswing.
It may go up to 1000$ .
It is too early to predict
Its counterpart oil is surging.
Oil will rule the roost for quite some time,as war clouds are seen in Israel and iran.
Dollar is hit.
A factor which aids gold rise.
Equities slump.
All features attribute to Gold’s envious status.
.
The investor is perplexed.
He is apprehensive . He is alarmed. He is dazed.
Mutual funds have not helped him.
Stocks are posing a danger.
Commodity prices are making him nervous.
Bank deposits are showing negative signs
It is imminent and imperative to develop short time investment avenues.
This will dispel the fear and gloom .
Meenas Poems 