आप सबके लिए “आपका ब्लॉग” तैयार है। यहाँ आप अपनी किसी भी विधा की कृति (जैसे- अकविता, संस्मरण, मुक्तक, छन्दबद्धरचना, गीत, ग़ज़ल, शालीनचित्र, यात्रासंस्मरण आदि प्रकाशित कर सकते हैं।

बस आपको मुझे मेरे ई-मेल roopchandrashastri@gmail.com पर एक मेल करना होगा। मैं आपको “आपका ब्लॉग” पर लेखक के रूप में आमन्त्रित कर दूँगा। आप मेल स्वीकार कीजिए और अपनी अकविता, संस्मरण, मुक्तक, छन्दबद्धरचना, गीत, ग़ज़ल, शालीनचित्र, यात्रासंस्मरण आदि प्रकाशित कीजिए।


शुक्रवार, 18 जुलाई 2014

India Rules BRICs as Modi Scores Big in Investor Poll

India Rules BRICs 

as Modi Scores Big

 in Investor Poll

Narendra Modi
A woman walks past a large screen showing television coverage of India's prime minister Narendra Modi, during the Indian general election, in the lobby of the Bombay Stock Exchange (BSE) in Mumbai, on Friday, May 16, 2014. India’s S&P BSE Sensex index has surged 21 percent this year on optimism Modi’s pledges to cut red tape and attract investment will boost Asia’s third-largest economy after growth slowed to near a decade low. Photographer: Vivek Prakash/Bloomberg

Modi mania is taking hold across global markets.

Financial professionals are now more bullish on India relative to the largest emerging markets than at any point in the past five years after Narendra Modi scored the biggest election victory in three decades, giving him a mandate to revive economic growth as prime minister.

Twenty-three percent of respondents in the Bloomberg Global Poll said India offers one of the best investment opportunities among eight of the biggest markets worldwide, versus the 12 percent average for the other so-called BRIC nations, or Brazil, Russia and China. (SHCOMP) That gap is the widest since the survey began in 2009. Fifty-one percent are optimistic on Modi’s policies while those in favor of Brazil President Dilma Rousseff’s sank to a record 11 percent.
“The mandate that Modi has really gives you optimism that India will finally make their political process more efficient and be able to tackle their infrastructure issues to unlock the country’s potential,” said Andrew Douglas, who oversees about $2 billion as the chief investment officer of the wealth management group at Dubuque, Iowa-based Heartland Financial USA Inc. and participated in the poll. “Brazil seems to be doing everything wrong.”

Red Tape

India’s S&P BSE Sensex (SENSEX) index has surged 21 percent this year on optimism Modi’s pledges to cut red tape and attract investment will boost Asia’s third-largest economy after growth slowed to near a decade low. Exchange-traded funds that invest in the country lured more inflows than any other emerging market this year, while investors pulled money from Brazil as the economy sunk into stagflation under Rousseff’s watch.
The MSCI Emerging Markets Index has gained 6 percent this year, fueled by signs of a recovery in the Chinese economy and as concern eased that rising borrowing costs in the U.S. will spur capital outflows. Forty-eight percent of respondents in the Bloomberg poll said the developing-nation stock index will climb in the next six months, versus 27 percent who said it will fall. The poll of 562 Bloomberg users was conducted July 15 and 16 by Selzer & Co., a Des Moines, Iowa-based firm, and has a margin of error of plus or minus 4.1 percentage points.

India To Head BRICS' $100 Billion New Development Bank

Leaders of the BRICS nations, 

from left, Russia's President 

Vladimir Putin, India's PM 

Narendra Modi, Brazil's 


Dilma Rousseff, China's 

President Xi Jinping and South 

Africa's President Jacob Zuma, 

pose for a group photo during 

the BRICS Summit.

India To Head BRICS'

 $100 Billion New 

Development Bank

Fortaleza, Brazil::  Leaders of the BRICS emerging market 

nations launched a $100 billion development bank and a currency 

reserve pool on Tuesday in their first concrete step toward 

reshaping the Western-dominated international financial system.

The bank, aimed at funding infrastructure projects in developing 

nations, will be based in Shanghai, China, and India will preside 

over its operations for the first six years, followed by five-year 

terms for Brazil and then Russia, leaders of the five-country group 

announced at the 6th BRICS -  Brazil, Russia, India, China and 

The member countries will also set up a $100 billion currency 

reserves pool to help countries forestall short-term liquidity 


For India, it was a moment of success after hard bargaining to 


where the bank would be located and the share-holding in it. The 

bank will be called the New Development Bank, a name suggested 

by Prime Minster Narendra Modi.  (The Biggest Challenge for 

BRICS Success? Big Brother China)

Also, the bank will begin with a subscribed capital of $50 billion 

divided equally between its five founders; China, the world's 

number 2 economy, had argued that the economic strength of a 

member nation should be the criteria for contribution to the bank - 

a higher contribution would automatically mean greater control. 


in intense negotiations that delayed the bank for two years, India 

and Brazil fought China's attempts to get a bigger share in the 

lender than the others. (Read: Foreign Media on BRICS New 

Development Bank)

"The agreement towards setting up the BRICS New Development 

Bank is a significant step. I am happy the initiative announced in 

2012 in Delhi has become a reality," PM Modi said. The summit is 

Mr Modi's first multilateral engagement since he took over as 


Minister in May this year.  (BRICS: PM Pitches for 'Zero 

Tolerance' Towards Terror)

The long-awaited bank is the first major achievement of the BRICS 

countries since they got together in 2009 to press for a bigger say 


the global financial order created by Western powers after World 

War Two and centered on the International Monetary Fund and 


World Bank.

The BRICS were prompted to seek coordinated action following an 

exodus of capital from emerging markets last year, triggered by the 

scaling back of US monetary stimulus. The new bank reflects the 

growing influence of the BRICS, which account for almost half the 

world's population and about one-fifth of global economic output. 

1 टिप्पणी:

  1. बहुत सुन्दर प्रस्तुति।
    आपकी इस प्रविष्टि् की चर्चा कल शनिवार (19-07-2014) को "संस्कृत का विरोध संस्कृत के देश में" (चर्चा मंच-1679) पर भी होगी।
    हार्दिक शुभकामनाओं के साथ।
    डॉ.रूपचन्द्र शास्त्री 'मयंक'

    जवाब देंहटाएं