______________!!!!__________________

An entry after so long……. (Not so long actually) these days I was a bit busy ( donno for wat but stil) freakin out here n there wid some friens, shiftin from places to places findin a nest for myself….

life sometime become so exuberant that we don wanna lose a single moment of lyf and zzzzzzuupp yet another moment suddenly things come to be so ho hum n lyf become slow and tedious that one goes away from it in the state of self realization. Mind rotates like a pendulum of the clock over very petty issues.

Don’t we think that the recession and the global depression has a reversal effect on over lives, people are losing jobs many people are unemployed. People in USA are attempting to suicide due to job loss or unemployment. New graduates are not getting jobs. People who are employed are having fear of cost cut and severe pressure.

Every now n then we read the articles in the news paper based on the recession, slowdown, depression, job cuts... n in the business or economy section. And not to mention the economic times the paper is full of such articles (people suffering from high blood pressure be cautious reading such news paper….. lolz) as daily or alternate days we can find the big blue chip companies announcing the job cuts, declining growth rate, etc. so here life goes on oscillating between slowdown and recession.

Cheers people the story is not so sad at all at this time the banks are decreasing the bank rates, plr to infuse more money into the system and to increase the purchasing power of the common people. RBI has continuously decreased the crr, slr, reporate during the last 6 months and the government is trying its best to cope up with such situation. Also the oil prices are decreasing after decades, which are having cascading effect on some economies. The inflation rate is about zero; soon our country will see deflation after so long when last it was there in 1975.

On the other side the companies are goin through a stage of consolidation whereby the fittest would survive the top management is busy plannin some good strategies and revive the plans for the companies. In this race the competitive people will survive and the nonperformers would be left besides. The good news is that the companies are becoming more though to be prepared for any such drive henceforth.

The show has not ended, still the worst part is yet to come so be prepared, experts say the slowdown will have its impact uptill end of 2009 and may be extending to 2010.

Slumdogs Are No Underdogs

The laurels that A. R. Rehman, Gulzar & Resul Pookutty brought to India at the centrestage of the Academy Awards function have enthralled every conscious Indian. We may have had loads of criticism against the portrayal of India's poverty and wretched condition of life of its slum-dwellers in this movie, but we cannot detach ourselves from dousing in the celebration for the victors who are very much Indian.

This is not the end of the story; India have once again proven her worth in another field - banking. Our very own State Bank of India (fondly known as SBI) have superseded Citigroup's market capitalisation to be among the largest banks in the world. The market capitalisation of SBI on Friday closed at Rs. 66,285 crore. This is around 25% more than the closing market capitalisation of Citigroup on the NYSE on Friday. The market capitalisation of Citigroup was Rs. 52,931 crore.

Though Citigroup's revenue in the last four quarters is almost eleven times more than the revenue earned by SBI, its profits are nowhere near the figures earned by SBI. While Citigroup has suffered losses of Rs. 83,474 crore in the last four quarters, SBI has booked profits of Rs. 8,262 crore. Martin Hutchinson, an economic commentator, recently put out a list on the status of the 12 largest banks in the US. He categorised Citi as a zombie bank. “Citi has been a serial flirter with bankruptcy over the past 30 years and remains a basket case,” he wrote.