Gold Chain

 Shri K.A.Kuttappan was born as the only son, for two  daughters in a middle class family belonging to late Appu and Madhavi couple of Kuttipetti house, in the lush and ever green Peringotukurissi Village, richly endowed with abundance of paddy fields and esteemed presence of Bharatapuzha river,in Palakkad district in 1935.Since the boy was exceptionally cute and handsome his parents called  him "Kuttappan".As the only boy he got exceptional and abundant care and affection in the entire village not only from his own parents and relatives but also from the entire village folk primarily due to his pleasing manners, as well as  considerate and down to earth behaviour of his parents Appu - Madhavi. Infact when tensions of land reforms and naxalbari movement struck through Kongad murder in the district and intense trade union activities among agricultural workers also strained cordial relations between farmers and agri workers in general Kuttippeti Appu's family's ma...

 Consequent on the Bretton woods Monetary and  financial conference held in July 1944 to promote economic and financial cooperation and facilitate balanced growth and trade among the member countries,  the IMF started functioning from March 1,1947.Two economist's whose ideas were largely  incorporated were  that of US expert Harry D White and partly that of UK's John Maynard Keynes. The International Monetary Fund (IMF) which aims to provide both balanced growth and balanced trade across countries are bound to provide not only adequate international liquidity but also alleviate problems associated with exchange rate management and balance of Payments disequilibrium  of member countries.IMF has been often critcised for improper handling of various financial crises ranging from East Asia to Latin America and more recently crisis in Srilanka and Pakistan.  It was the  UK  Goldman Sachs Group  Chief economist in International Economics ...

National income computation is broadly divided into three sectors namely 1 Agriculture or primary sector comprising of agriculture, forestry and fisheries 2. Industry or secondary sector which  include mining,   manufacturing, electricity, gas,water supply and construction and 3.Tertiary or services sector with three broad major components of A,Trade, Transport ,storage and communications. B.Finance insurance, real estate, and business services.and C.Community,social and personal services.  Sector wise estimates showed that share of GDP as per 1999-00 series estimated for 1950 -51 showed agriculture contributed 55% of GDP  followed by 30% in industry and 15% by Service sector. In 1980-81Agriculture sector's contribution decreased to 38% and industry increased to 38% and  service sector also witnessed increase to 24%.By 2013-14  agriculture witnessed sharp decline in its share of GDP to just 13.9%.While industrial sector contributed 26.2%  and with...

 According to The Economist the banks had been fixed after the nightmare of the  financial crisis in 2007-09....they still have the power to cause heart stopping scare..A ferocious run at Silicon Valley Bank (SVB)on March 9th saw$42 billion in deposits flee in a single day and consequently SVB collapsed .Even prior to that on  March 8 Silvergate Corporation Bank collapsed , March 12th witnessed the fall of Signature Bank.SVB is  just one of the three American banks lenders to collapse within a week others being the Signatures Bank and Silver More recently as a continuation the First Republican Bank of USA collapsed However First Republic Bank was taken over by a major  bank namely JP Morgan Bank.JP Morgan will assume all deposits and substantially all assets of  First Republic. Deposits are federally insured by the Federal Deposit Insurance Corporation (FDC)subject to available limits applicable.Such a deal enabled  JB Morgan to become USA's largest ba...