Tuesday, October 24, 2006

A K Antony : New Indian Defence Minister

It looks like the Prime Minister and Finance Mnister means business.
By making A K Antony the Defence minister, they have ensured a non-corrupt
person controls a huge amount of government money almost 4%of Indian GDP) and hopefully he does a good job.


He is not seen as a smart politician, but a good person, with a corruption free public life. From 1991 to 1995 he was the Minister for Civil Supplies, Consumer
Affairs and Public Distribution in Narasimha Rao ministry. This is also the first time when two ministers from Kerala get to the Central Govt.

Congrats to you and all the best to all the new ministers!

Thursday, October 19, 2006

Muhurat Trading

BSE and NSE will conduct Muhurat Trading on Diwali, Oct 21.

Muhurat trading is seen in India as an occasion for an auspicious beginning to the traditional Hindu new year. Investors place token orders and buy stocks for their children, which are held for the long term and sometimes never sold. Traders normally book their intra-day profits, however small they may be.

Brokers on the BSE normally start the New Year with traditional ceremonies and pujas.

source

Happy Diwali !