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Results of Falling Crude Oil Prices


wealthymatters1. Reduction of India’s crude oil import bill.

2.Soft crude oil prices threaten growth in oil producing economies and has an effect on foreign fund flows into India.

3.Falling crude prices means lower income for oil-exporting countries, leading to slowdown in global demand and fall in Indian exports.

 

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Sleeping On Cash


In a lighter vein, if you have ever wondered just how much cash you could sleep on, literally, here are some figures to help you get started:

wealthymatters

My calculation is Rs 10 cr max to construct a reasonable sized double bed platform of cash. Though I have doubts about the comfort of this bed of cash!

Thus Spoke Raghuram Rajan


walthymattersI always read what Raghuram Rajan says with interest. He has often been dead right and remarkably prescient. Here is the full text of a speech he gave yesterday. It gives us a framework to think about economic matters for the next few years.

Make in India, Largely for India
(Talk delivered by Dr. Raghuram Rajan, Governor Reserve Bank of India at the Bharat Ram Memorial Lecture on December 12, 2014 in New Delhi)

The global economy is still weak, despite a strengthening recovery in the United States. The Euro area is veering close to recession, Japan has already experienced two quarters of negative growth after a tax hike, and many emerging markets are rethinking their export-led growth models as the industrial world stagnates. In the last couple of years, the IMF has repeatedly reduced its growth forecasts. After 6 years of a tepid post-crisis recovery, the IMF titled its most recent World Economic Outlook “Legacies, Clouds, Uncertainties”. Read more of this post

9 Things You Must Never Do


9 things you must never do

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