Shabda Gyawali's Blog

I am doing a research on the relationship between the financial access to a consumer and their consumer behavior ( spending pattern ) . I found a interesting comment mad my ceo of CITI India in this Article ...... New Delhi: Some good news for those seeking consumer loans, a group that was hit hard when the three major players in the business - Citifinancial, GE-Money and ICICI Bank - drew back from financing consumer goods this May. Moreover, the consumer durables segment saw a rise in prices. It was a double whammy for consumers as the Reserve Bank of India raised key interest rates three times in two months, leading to a significant rise in the cost of borrowing. banks say they are far from saying goodbye to the consumer loan sector. Says Sanjay Nayar the chief executive officer of Citigroup India, ”To each bank his own. As far as we are concerned, yes, we have experienced a high rate of defaults. But we are going to continue with the business. That I think India needs because th...

Wire: BLOOMBERG News (BN) Date: 2008-09-24 12:04:34 By Zhao Yidi and Kevin Hamlin Sept. 24 (Bloomberg) -- Eighteen months ago, U.S. Treasury Secretary Henry Paulson told an audience at the Shanghai Futures Exchange that China risked trillions of dollars in lost economic potential unless it freed up its capital markets. ``An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention,'' Paulson said. That advice rings hollow in China as Paulson plans a $700 billion rescue for U.S. financial institutions and the Securities and Exchange Commission bans short sales of insurers, banks and securities firms. Regulators in the fastest-growing major economy say they may ditch plans to introduce derivatives, and some company bosses are rethinking U.S. business models. ``The U.S. financial system was regarded as a model, and we tried our best t...

KATHMANDU: Leading public-private partnership agency PTC India Ltd has agreed to stand by Nepal's biggest but becalmed power project, re-inking a deal to buy electricity for power-starved north Indian states. The West Seti Hydroelectric Project (WSHP) in remote far western Nepal, the biggest energy project in the Himalayan state with the capacity of generating 750 MW, has signed a new memorandum of understanding (MoU) with PTC, re-negotiating the tariff. "In 2003, when the negotiations started, PTC had agreed to buy power at 4.95 cents per unit," Bill Bultitude, managing director of the project company, West Seti Hydro Ltd (SWH), told reporters. "However, due to delays in getting the project off the ground, costs went up considerably. Now the estimated cost is $1.6 billion instead of the earlier $1.2 billion. A tariff for the sale of electricity to PTC has been re-negotiated at a significantly higher rate," Bultitude said. As a confidentiality clause prevents SW...

Economist kancha : IF you readers are interested about the doll street ( nepal stock exchange ) then defiently check out arthexpress.com .I found an interesting fact in that website and wanted to share with you guys ..check it out According to the central bank, year-on-year (y-o-y) market capitalisation increased by 96.6 per cent to Rs 366.3 billion by the end of fiscal year 2007-08. Market capitalisation to GDP ratio also increased to 44.6 per cent from 25.6 per cent a year ago. “Of the total market capitalisation, banks and financial institutions constituted the highest share of 89.3 per cent,” said the yearly record of Nepal Rastra Bank (NRB). Total paid up capital of listed companies stood at Rs 29.5 billion in mid-July 2008, with an increase of 35.5 per cent over a period of one year. This increase was due to the additional listing of securities. Of the increased amount, the portion of rights shares was 55 per cent, bonus shares 31 per cent and ordinary shares 14 per cent, it ...

China and India, the world's fastest-growing major economies, should boost trade and investment andimprove mutual trust, Chinese Foreign Minister Yang Jiechi said. ``We should fully tap the potential in business cooperation,upgrade trade quality, improve trade mix,'' Yang said in NewDelhi today. China is ready to ``take effective measures toremove trade and investment barriers,'' he said. India and China, which fought a border war in 1962, have improved political and military ties in recent years. The twonations, whose combined population accounts for two-fifth of theworld's total, aim to consolidate trade and economic cooperationby ending years of mistrust. Trade between the two countries rose 64 percent from a yearearlier to $33.5 billion in the first seven months, Yang said.Trade volume between the two nations was $38.6 billion last yearand both countries have agreed to raise the target for bilateral trade to $60 billion by 2010, the minister said...

Economist kancha : Indian RS has fallen the most since 1991 ,I would like the readers to discuss the reason behind it . I was watching kadlow and company this evening ,Mr kadlow was taking about global economy slowing down ,which is one of the reason why oil closed at 102.61 .What is the re ason behind RS to fall ? WHat can be done? M onetary policy is already tight to curb inflation .WIll lowering the money supply help or something else needed to be done .. trade deficit is growing ,which means to strenghth the rs ,dollar can not be sold By Anil Varma Sept. 9 ( Bloomberg ) -- Investors should use currencyoptions to guard against losses as India's rupee heads for thesteepest slide since 1991, when a balance of payments crisisforced the nation to pawn its gold, JPMorgan Chase & Co. said. Investors should buy rupee put options granting the rightto sell the currency against the dollar, said Vikas Agarwal , astrategist at the third-biggest U.S. bank. The rupee wi...

sector, Indian blue chip company Reliance is now edging close to sealing a major construction deal in the Himalayan republic. Reliance Infrastructure edged out peers Gammon India and Punjab National Bank's joint venture Everest Bank to make it to the shortlist of companies chosen to build a 77 km fast-track highway that will link Kathmandu Valley with the Terai plains. Nepal's physical planning and works ministry said it had shortlisted Reliance and South Korea's Landmark Worldwide Company for a massive highway project that, according to initial estimates, will cost about Nepali Rs.50-67 bn ($780,000 - $1 mn). Expected to be completed by 2014, the highway will run from Khokana in central Lalitpur district to Nijgadh in Bara district in south Nepal. A feasibility study conducted with technical assistance from the Asian Development Bank (ADB) assesses that the highway will reduce travel time from south to central Nepal by almost two hours and slash fuel costs by over 32 mn li...