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Kurukshetra 2005 @ XIM Bhubaneswar The fact is that bubbles, in many markets, are consistent with rationality, that phenomena such as runaway asset prices and market crashes are consistent with rational bubbles. Whether the presence of bubbles in a particular market can be detected statistically? The task is much easier if there are data on both prices and returns. In this case, as shown by Shiller and Singleton, the hypothesis of no bubble implies restrictions on their joint distribution and can be tested. 2009: Phase 2 reforms in the Indian Banking sector. Are existing domestic banks ready for it? The second phase commencing in April 2009 allows foreign banks to acquire any privately owned Indian bank. During this phase, wholly owned subsidiaries, too, can go for listing and foreign banks may dilute their holding to the extent that at least 26 percent of the paid-up capital is held by resident Indians at all times. The dilution may be either by way of initial public offering or an offer for sale. If one accepts the premise that competition is good for consumers, delay in introducing it clearly hurts consumer interests. Domestic banks, which have been given this four-year breathing space, cannot just sit back and wait for the change to happen. What initiatives Domestic banks need to take in this direction? Rising trade deficit, and and Indian economy in 2005, strong growth at both ends. Is it sustainable? India is seeing a rise in the trade deficit lately; it has been the highest in two years. Usually we relate rising trade deficit as an indicator of the upcoming problems in the economy, weakening forex taking a hit et all. However this time the story seems to be different, the economists claim. What's your take on it? SYSveda Can Indian IT firms make an impression in the IT consulting field? As far reaching technological and business changes sweep across the world, the challenge therefore is to be able to make the critical judgment and to focus on those secular changes, which will give birth to newer business models. The global delivery model, which has been at the heart of execution for the Indian IT services companies, is one such genuine business innovation that delivers higher value proposition at lower cost and higher quality. Contributed by - |
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