September 14, 2013
India Housing Bubble Bursts; Panic Coming Next
More: India Housing Bubble Bursts; Panic Coming Next
Hard hitting global and local news
Hard hitting global and local news
More: India Housing Bubble Bursts; Panic Coming Next
Exploring the Impossible: India Seeks to Expand Trade in Rupees; India Stock Market Sinks; Rupee Decline Continues The desperate act of the day comes from Foreign Minister Salman Khurshid who says India Looking to Expand Rupee-Payment System . India is exploring possibilities of a rupee-based trade-payment mechanism with several countries, Foreign Minister Salman Khurshid said Tuesday, a move that may help stabilize the local currency and reduce the country’s current-account deficit.
See the original article here: India Manufacturing PMI Contracts for First Time Since March 2009; Eurozone Manufacturing PMI 26-Month High…
India in Serious Trouble (and Gold at the Heart of It) Last week India’s trade minister, Anand Sharma, came out with a laughable suggestion: RBI should consider monetizing gold . India’s central bank should look into the possibility of monetizing gold holdings, trade minister Anand Sharma said on Thursday, in the latest proposal aimed at combating a yawning current account deficit that has hammered the rupee. It was not immediately clear whether Sharma was referring to the 557.7 tonnes of gold the Reserve Bank of India (RBI) holds in its own reserves, or gold in private hands
Read More: Bond Market Misconceptions, Facts, and Fallacies; Bond Market About to Collapse?
Read the original post: Official Denials Run Rampant in India; "No Question" of Economic Crisis; Rupee Plunges to Record Low;…
India Housing Bubble Still Expanding This is a guest post from by Deepak Shenoy, an economic blogger at Capital Mind in India.
Error Over Quota This application is temporarily over its serving quota. Please try again later.
Original post: Million Engineers Struggling to Find a Job