WORLD ECONOMY MAY BE SLIPPING INTO 1930'S GREAT DEPRESSION PROBLEMS-Raghuram Rajan.

RBI Governor ,Raghuram Rajan expressed
concern that the world may be slipping into
the kind of problems of the depression of the 1930's and an international consensus was needed to be built over time.

In the same breath,Mr.Rajan said that the
macro economic fundamentals of the country
(India) have improved for the past Two years 
and the emerging markets like India are
better placed to face any eventuality.

                                      INDIA WILL RACE PAST US ECONOMY  IN 
                                      25 YEARS SAYS MASOYOSHI SON, FOUNDER 
                                      OF  SOFT BANK.

                      I am not saying it with words, but with money says,Masoyoshi Son
                      57 year old billionnaire and founder of Soft Bank.Further,he says
                      China and India could be competing for number one.Soft Bank has
                      committed  to invest $10 billion in next  10 years.

                      Source: Economic Times 

                                            GOVERNMENT TO INJECT $3 BILLION 
                                            AS CAPITAL TO PUBLIC SECTOR BANKS.

                    Government Of India is planning to inject $3 billion this fiscal year
                     and could double that amount next year in a push to boost capital
                    and help the banks to meet the Basel III regulatory requirements
                   says the Finance Secretary, Government of India.

                   As per RBI data, the public sector banks have a burden of Rs.95,122
                   crores as non performing assets (NPA's) from 30 defaulters.In terms
                  of percentage,it amounts to 36.5% of the total non performing assets of
                  the banks.Hence,the biggest worry for the state owned banks is the
                  non performing assets.Hence,banks have to think of various means to
                  infuse confidence amongst the investors and the Public.

                 State owned banks are sitting on a huge real estate assets which can be
                 revalued to arrive at a Fair Market  Value.Further, the assets that are 
                mortgaged to banks for their lending also can be revalued to ascertain 
                the fair market value.Government of India has to come out with stricter  
                laws to recover the loans as the present system does  not seem to be 
                working.
                 
                  

                                                 FISH RAIN IN KRISHNA DISTRICT
                                                 OF  ANDHRA PRADESH.

                    

                                                MAURITIUS ASSURES INDIA THAT IT
                                                WILL NOT ALLOW SHELL COMPANIES
                                                 TO OPERATE FROM ITS SOIL.

           " We want investors from India who comes to Mauritius to add substance
           to what they do.We don't want shell companies and we will refuse shell
           companies because they are of no use to us,no use to India,says Mauritius
           Finance Minister Seetanah Lutchmeenaraidoo.

                                           SWITZERLAND ADMITS BEING ATTRACTIVE
                                           FOR MONEY LAUNDERING.

                       In a first major admission of being an attractive destination for money
                       laundering of assets illegally amassed,Switzerland has said it needs to
                       further strengthen its systems for combating money laundering and
                      terrorist financing.

                      The admission comes at a time when Switzerland has been facing
                      immense pressure from India and many other countries to share deals
                      of Swiss bank customers suspected to have used the famed secrecy
                      walls of banking institutions in the European country to hide their
                      illicit funds.

                      Source :Global Financial Integrity.

Mr.Asim Warsi,Vice President,Marketing,IT & Mobile Samsung India
launching Galaxy Tabs A & E.

SAMSUNG LAUNCHES 
TWO MID SEGMENT
GALAXY TABLETS
TAB A & TAB E.

Samsung Electronics Ltd.,
announced the launch of Two mid segment Tablets Galaxy
Tab A & Tab E.

Galaxy Tab A : is 7.5 mm thin .
* is 4 G enabled,5 MP Auto focus
   front camera ,2 GB Ram and 
  memory expandable upto  128GB.Weighs 320 gms.
 Price: Rs.20,500/-.Will be 
available in stores from Saturday,20th June,2015.
Partnered with Airtel.



Galaxy Tab E: Is 8.5mm slim and weighs 495 gms.Screen size:9.6" (24.38 cms).
                         5 MP camera.Memory support expandable upto 128 GB.
                         1.5 GB Ram. Is 3G enabled.Partnered with Vodafone.
                         Cost; Rs.16,900/-. will be available from the last week of June,2015.
                         Tied up with Flipkart.

EMBEDDED SAFETY AND
SECURITY SUMMIT 2015
ADDRESSES KEY SAFETY
AND SECURITY PRACTICES
ACROSS INDUSTRIES.

LDRA Technology Pvt.Ltd.,
a global provider of Software 
analysis,test and requirements 
traceability tools for both public
and private sectors.They together 
with its partners hosted the 
Embedded Safety and Security
Summit (ESSS) 2015 today.

The summit chalked out a 
concrete action plan to address
India's  Safety and Security issues
through its ' Certification EcosystemDevelopment program'(CEDP).
CEDP through the ESSS conference website www.embedded-safety-security.com
will further encourage partners & global audiences to exchange their opinions
and views on a common platform.

EDITORIAL.


                                           "I AM CONFIDENT WE ARE GOING TO COME
                                             BACK VERY  SOON" SAYS MR.PAUL BULCKE
                                             GLOBAL CHIEF EXECUTIVE NESTLE.

                                             Will he say the same thing in USA or China when their
                                             Country's Food safety Regulator says Maggi's Instant
                                             Noodle Products are "unsafe & Hazardous" ?.
                          
                                             The Food Safety and Standards Authority of India accused
                                             Nestle  of failing to comply with Food safety laws.

                                             The Global Chief Executive of Nestle should have 
                                              voluntarily withdrawn their products  which are called                                                                         unsafe and hazardous.
                                             
                                              It is time that the food safety authorities in the centre 
                                              &  in various states act as per the law as they owe a 
                                              strong responssibility to the people of this great country. 
                                              We had enough of slackness and compromise about the 
                                               food safety for more than six decades.It is time that the 
                                              authorities do as the food safety regulators  in USA,
                                              UK,China and other developed countries do.

EDITORIAL.


                                 SHOULD CELEBRITIES BE HELD RESPONSSIBLE
                                 FOR PROMOTING PRODUCTS WHICH ARE FOUND
                                 NOT FIT FOR CONSUMPTION?.
                       


                       The answer to this question is big YES. The celebrities are endorsing
                       the product with commercial interest in mind.The product in this
                       case is a product which is consumed mainly by children and it is a
                       house hold product..Should not the celebrities do the Due Diligence
                       before accepting the offers?.The celebrities should be accountable
                       to the society which made them what they are.

EDITORIAL.

                                Karnatka Government To Appeal Against Jayalalithaa's
                                Acquittal in Supreme Court.

                  The Karnataka government decided today to file a Special Leave  Petition
                  in the Supreme Court against Tamilnadu Chief Minister Jayalalithaa and
                  three others.The Chief Minister of Tamilnadu and three others were 
                  acquitted by the High Court of Karnataka recently.

                  The moot question is whether the Karnataka government has any locus 
                  standi in this Disproportionate Asset  case. It is only the aggrieved party 
                  which can file the appeal. In this case, Karnataka government which is 
                  representing the people of Karnataka is not an aggrieved party.This may 
                  create a dangerous precedent and may even harm the relationship 
                  between the states in a Federal set up.This looks more of a political                                                    decision rather than a constitutional decision.       
                


               

               

THE MARKET EXPECTS RBI GOVERNOR 
TO CUT BENCH MARK RATE TO ATLEAST
25BPS AT THE JUNE 2,MONETARY POLICY
REVIEW.

 Will he do it?.The bench mark repo rate is now 7.50%.
With the international crude oil price going up
and the prediction of irregular monsoon between
June to september will weigh heavily in the RBI
Governor's mind.RBI cut rate in January & March by 25 bps which was not passed 
on the customers by many banks.RBI does not seem to be happy about this.May be,
RBI will cut interest by another 25bps which may force the banks to pass it on to
the customers.