Gold Chain

After successfully completing PreDegree course from Government College Trichur I got admission for BA Economics programme in ST.Thomas College Trichur. Many friends and class mates used to discuss about the available job opportunities particularly in private sector banks and different methods of acquiring the job through influence  by  way deposit mobilisation  efforts or influencing through  bank Directors .There were at least four Trichur based commercial banks at that time and those who managed to get the job at that young age were able to retire as Assistant General Manager and above. I was not having either the resources,influence or even willingness to procure  a bank job .So I decided to continue my studies even after under graduation. My original ambition was to become a lawyer. My own classmates PV Ramachandran and Ashok Menon from ST.Thomas College who opted for Law Later became Public Prosecutor and High Court Justice respectively whereas my seniors f...

  It is an irony that the 2022 Nobel prize in Economics were shared by three prominent American Professors-Ben S Bernanke, Douglas W Diamond and Philip H.Dybvig for their critical and rigorous research works on banking collapses and their impact on the macro and global economies as against  confronting with a similar situation in the US economy right now.Nobel laureate  and former US Federal Reserve chair person Ben Bernanke applying a combination of historical sources and statistical methods found that bank runs happen when people who have deposited money in a bank become worried about the bank's survival and consequently rush to withdraw their savings. If more people do it simultaneously then bank's reserves cannot cover all withdrawal and obviously it lead into bankruptcy and consequently it may lead to recession or depression.The economy did not recover unless and until the state implemented drastic preventive measures to prevent further bank panics. Douglas W Diamond...

  Three decades of globalisation have drastically changed the nature and structure of world economy with rapid integration of large emerging markets into the global production process and system .                    China has been in the forefront of manufacturing for three decades as indisputable "World's factory" and operating as the centre of global supply chains . However persistent trade war between USA and China along with Covid19 pandemic and the Zero Covid policy followed by Chinese Government have adversely impacted many manufacturing firms.Zero Covid policy in China has resulted in industrial lockout and supply chain disruptions. The term China-plus one or just plus one was coined in 2013 as a global business strategy mainly by multinational companies already invested in China who wish to relocate from China to  other countries.  China- plus - one or just plus one refers to a strategy in which companies avoid inv...

 As per the GDP (sum total of value of all goods and services produced domestically within the country)estimated by National Statistical Office the third quarter GDP (October-December 2022)of India recorded slow growth of 4.4 percent.NSO also estimated that 2022-23 GDP growth will be 7% well on the track.NSO has revised the preceeding year's (2021-22)growth at a higher level of 9.1%.As per NSO second revised estimate for the covid hit year 2020-21 the contraction estimated to be -5.7% as against-7.3% shown in the first provisional estimate. According to Chief Economic Advisor Anantha Nageswaran India is on the right track to achieve 7% growth for the full fiscal  year 2022-23 for which we just need a growth rate of 4% in Q4 to achieve a 7% growth. Though the CEA was confident about 7% growth, he also listed down side risks like-global growth outlook slowing down from 3.4% in 2022 to 2.9% in 2023 as per IMF's revised World Economic Outlook on account of synchronized monetary ti...

Global headwinds including inflation, war and geopolitical tensions, recession, tightening policies and climate change forced energy  importing countries to struggle much to overcome supply disruptions of energy and fuels.Consequently the  soaring prices have caused havoc in many economies and forced millions of people back into both poverty and energy insecurity. Global energy related CO2 emissions also rose by a record level in  2021. It may be noted here that historically the first energy transition took place from wood to coal in the 18th century and  19th century is known as the "Century of coal ".Eventhough oil was discovered in 1859 oil overtook coal only in 1960s as the prominent energy source.Oil natural gas and coal markets all tightened in the latter part of 2021 increasing prices as demand pushed against apparently insufficient supply.                  India resolved to become Net Zero by 2070 and meet half of ...

 Inflation refers to a situation where the value of money falls and prices of goods and services increases, primarily due to either a push in costs of production or pull in the demand for output or a combination of both.After the outbreak of Covid19 research interest in inflation dynamics and inflationary expectations gathered momentum.Studies are anchored to the inflation target given its importance to security and price stability especially in the medium term.Inflation expectations broadly indicate what different economic agents namely consumers, businesses and investors assess today about inflation in the future.As the evolution of the inflation trajectory is conditioned by inflation expectations central bank focus on anchoring inflation expectations and if it is anchored expects that short term supply disruptions or shocks would not alter the  expectations about inflation in the medium term.Normally the measurement of inflation conducted at the retail level is known as Con...

 Eventhough the timing of Hindenburg research report released after two years of investigation may be doubted but their evidence suggests that Adani corporate group has engaged in brazen stock manipulation and accounting fraud and stock manipulation at the conglomerate, that ranges from logistics to airports and electricity. The report states that the company had 38 shell companies in Mauritius, Cyprus, Caribbean Islands UAE and Singapore through which money was being round tripped into both listed and unlisted companies of the group. Generally companies pool capital from a large investor base both in domestic and international capital and the regulators are required to govern them effectively.Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled.It plays a crucial role in ensuring that business are run ethically and in the best interests of their stake holders. Investment is ultimately an act of faith in the abil...