Blog@GraceJunction

Lehmann Brothers is not the only people to be facing the brunt of the economic slowdown but rather it’s also the layman on the streets who is equally suffering. One of the major reasons of this worldwide financial crisis is the piling delinquencies and defaults on loans which have left all major financial institutions reeling under the pressure of mounting losses and the increasing pressure from the investors and management to salvage all that is slipping out of their hands.

The effect of the monster sub prime crisis has lifted its ugly face in India as well. Most of the financial institutions are going through a tough face, cost cutting at its peak, hiring freezed and firing and laying off employees seem to be the way forward. The only people who seem to be keeping their jobs are the Collection and recovery agents, the nightmare for any defaulting customer. (more…)

It has happened after 40 months. Inflation has touched the 7% mark. Minerals and staples like vegetables, rice, wheat and edible oils, all have taken a northward climb.

The reason cited is that the demand for staples and vegetables has increased and the supply has not been as forthcoming as expected. The agricultural output has reduced, due to not upto the mark monsoons in certain sectors and bad throughput in other areas. Climatic changes have also effected yields.

The demand has increased manifold!

So naturally inflationary pressures are natural outcome of such a situation. A supply shortage does fuel inflation. (more…)