Ultimately the impact of Media/ Public criticism has shown result. The Government who was denying that nothing wrong has happened and taking the CAG itself to task for over exceeding its limit has decided to cancel some of the license. Some more will follow. Lot of Companies will be in trouble in the next few Months. Thank God Coal is still inside the Earth as most of the Companies who got the Blocks were sleeping knowingly/ by mistake.
SENSEX has crossed 18000 after six Months. Now the big question is that can it continue its momentum or not? Government seems to be working now on Economic reform under the leadership of PC and many pending decision will start getting revive. EU zone crisis has been averted for the time being after the ECB announcement to buy Government Bond and it is supported by German Court positive decision. Due to this entire EURO has bounced back to 1.29 levels against USD. USA Economy is reviving but not as it should be to impress the World . USA QE3 if announced will fire the Emerging Country market. It will have its positive / negative impact but at the end it is expected to revive the USA Economy .
No comments:
Post a Comment