"Without continual growth and progress, such words as improvement, achievement, and success have no meaning" – Benjamin Franklin Yesterday the Finance Minister doled out her fifth and the last tranche of the 20Lakh crore economic package to lead the economy out of the current corona crisis and fire its growth engines. PM in his address to the nation on 12 th May had laid lot of emphasis on Self Reliant India. And this package seems to be addressing the same to a good extent. It had almost all the provisions that industry had been asking for quite some time and also a desire to push SMEs on path of growth including micro enterprises. But does it serve the purpose of the moment – we think a lot has been left to be desired. Presently it’s not the question of lack of money with businesses that has put them on the path of degrowth, but the lack of demand or consumption. Now we are in lock-down v4.0 and a lot of activities have been allowed including the sale of goo...

"Remember not only to say the right thing in the right place, but far more difficult still, to leave unsaid the wrong thing at the tempting moment" - Benjamin Franklin All of us have just finished hearing out our prime minister’s address to the nation. If I have to sum up his speech in three words, it would be ‘ Adversity Offers Opportunities ” and he seems all ready to create and encash the opportunities out of this corona crisis. He announced that government will pump in 20 lakh crores into the economy to ensure that it fires on all its engines and grow exponentially from here on. His focus is not only on becoming self-reliant but also on revival of SME sector which is the largest employer of the workforce. During his address mention of Khadi should give indication the preference area for the government’s stimulus package. While we wait for the Finance Minister to detail out the complete package and read the fine prints how exactly it will get rolled out and ...

The rich invest in time, the poor invest in money. – Warren Buffet Stock markets enjoyed large swings on either side in March-April. Markets came tumbling down heavily by around 40% from their peaks in March and then rising again by around 30% from their recent lows. These numbers look very fancy for statisticians but for investors they become meaningless as despite markets rising by around 30% from the recent lows, their investments made over last 2-3 years are still showing losses. Do these recent upsurge means markets have recovered and chances of going further down again are over? WE DON’T THINK SO. Stock markets are regarded as leading indicator for future state of affairs of the economy. With economy under lock-down for over a month now, where economic activity on even basic needs of ‘Kapda & Makaan’ can’t be carried out with sole exception of ‘ Roti’. Even for healthcare, except for maternity and emergency no other diseases are being attended by the doctor...