Junputh
Keeping fundamentals on one side and news on another side, it could easily be found that news leads the market to move towards the position of the trade forces that reacted with the news. The fundamentals vanish and technical hangs.
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The Narendra Modi government has failed India on economic, cultural and socio-psychological fronts and it needs to change its course now.
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We all know that INR is a partially convertible currency which can be exchanged at market rates in certain cases and so is the case with new international trade settlement in INR and making it fully convertible currency would mean increased liquidity in financial markets, improved employment and business opportunities, and easy access to capital. Sounds good!
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The word States in itself must be sovereign and Nation must not. Now times have come that you should be patriotic, not Nationalist. The root of the word Nation is against the very essence of diversity. It is derived from the Latin word natio meaning thereby connoting breed or race. This is not secular.
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Modi Government, being expert, must stop biting off more than it can chew, and, therefore, implement social reforms one by one and guaranteed income should not go cold turkey and employment schemes like MGNREGA must notch up the victory.
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The government of India thinks those who earn Rs. 32 and above daily are rich. They can buy plots on the moon. Burj Khalifa is their second home. The writ of fate never changes so does poverty. Since demonetization, unemployment has surged. Even the rural economy which has disguised unemployment is panicking at more than 5%.
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You cannot have a political party that could have shown its commitment to its manifesto religiously. It cannot. Otherwise, cunningness cannot survive on the earth. They lure and induce fiat money which vanishes like a trifling sigh.
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