Friday, May 29, 2009

Having picked and made policies on his own terms, A. Raja is again our Telecom Ministers, probably to eat and make more money for himself.

Though Manmohan Singh was very particular on keept T.R Balu and A.Raja out his cabinet but could not do so owing to his strong linkages with DMK(Dravida Munnetra Kazhagam).

Though Manmohan Singh could successfully keep Arjun Singh out of the cabinet on his mayhem on the education ministry.
EPFO (Employees Provident Fund Organization) fund in surplus after 7 years owing to the privatization by the trustees and then SBI showing the highest returns.
India's 2008-09 GDP grew at 6.7% as on expected 6.5% owing to the strengthened service sector offsetting the dropping factory production in the country.
Markets cheered on looking that and the country showed earliest moves on the stabilizing economy and negating the effects of recession and downward economy.
RBI expects 6% growth all round the year but optimist economists expects a better growth in the second half of the year owing to the more governmental spending by the new stable govt.
NEPL: New Exploration Licensing Policy VIII is about to come. Government and the Oil Ministry is currently focusing on the same and hence is trying to maintain calm and composure on the De-regulatory information on Oil and Gas marketing companies.
Murli Deora Retained Oil Ministry

http://www.bloomberg.com/apps/news?pid=20601091&sid=avV5Ic8x4rDY&refer=india