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For investors, CY12 started on a negative note. Interest rate went downhill during the latter half of CY11, now interest-bearing instruments will yield lower interest income for lenders.
Tension is being retched upon Iran by USA with the aim of discouraging its nuclear programme claimed to be peaceful by the Iranian government. And now the principal European and Asian countries have boycotted the import of Iranian oil.
The Asian giant is trying to mark a different economic footprint, one that has many Western retailers knitting their brows. In the five-year plan for 2011-15, the Chinese government seeks to raise wages by about 13 percent every year.
Last few years have been dubbed by analysts as lackluster for the telecom sector, which initially grew exponentially following its deregulation in 2004. Declining ARPUs, constricting margins and rising taxes, all choked the bottom lines, even as sponsors kept close tabs on fresh investment. The sector seems to go on in its cruise control mode, as the latest statistics suggest.
Housewives won be complaining much for the rest of the winters it seems, as the Cabinet has decided to make it the top most priority to supply gas to domestic users. There is a well thought out rationale behind this move although it is political rather economic. The fertiliser, power and general industries have been asked to stay patient and not gasp for gas as the households and commuters are the ones that matter most (for the elections it seems).
The 48 hours supply suspension of imported edible oil by transporters with nothing to do with the ongoing gas crisis is a bolt from the blue. For a change, the act of private transporters is not tagged to the current unending CNG dilemma.
As the country steps into the latter half of 2011-12 fiscal year, the fiscal burden on its thin shoulders continues to grow. To plug the gap between revenues and spending, the cash-starved government has no other option but to heavily rely on the domestic sector, while external lenders remain tight-fisted.

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln