It has been string of Bad news in various fronts that have played like unharmonized discourse from Wednesday April 12th 2016.
1) Banking Results showing ' Charred Balance Sheets'
2) Canadian Fire and Fall UAE Oil production supported and Confirmed Crude to remain above $45 for Longish time.
3) U.S Consumer shifted from ' Mall Culture' with Macey, Groupon, like big retailers losing ground and Margin. While Apple showing no promises dragging below $90. While Donald Trump continues with weird but Populist talk and blowing lungs on amazon. The chance of FED raising rates in June have Increasing. S&P reached 945 effortlessly.
4) Indian Government rose from Slumber and announced Revision in Mauritius Treaty and announcements of Capital Gains on FII and PNote. Well, followed by SEBI targeting PNote. With Macho Swamy calling for removal of Dr. Rajan for keeping interest rates high, shivering Reason. The Bankruptcy Code Bill awaiting ended with doubt of implementation.
5) The weekend started with Bank of Baroda disappointment. IMF showing ' Slowing Funds' towards emerging economies. With Saturday, evening Slowing China Growth was re-sound.
6) Indian MET announcement of delayed Monsoon shall create Doubts.
. Finally, as Tamilnad goes to poll on 16th the State Election exit polls shall be available at about 6.00 PM.
Can they point for any respite..?
But, Foreign investors with no returns for an year will survive the time for revival?
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Will Dr Rajan shall Survive Swamy?
Dr Rajan RBI's. Governor ending Term in September 2016.
It has been a speculation about Dr. Rajan's straight forwardness and intelligence against Dr. Subramanyam Swamy's coy. With Indian ruling party having not anointed Dr. Rajan, he appeared ' External' and Tolerated Eye Soar, for last 2 years.
Dr Swamy, who Senior BJP Leader has stirred Indians with statement against Dr Rajan. His venting hot air show disgruntled elements in ruling party, demanding Pound of Flesh.
Whether, his call is backed by F. M. and big houses like whose entry in Indian banking is blocked and many PSU banker and Industrial houses whose accounts are in public glare..?