Volatility of Indian Stock Market

Stock market volatility plays a vital role in the economic development as well as growth. Daily volatility is calculated as a standard deviation of the natural log of daily returns on the indices for the respective months. Volatility in stock prices in India, by and large has exhibited a declining trend except over certain months. The market may have turned riskier, messy politics could resurface, and oil prices are at a new high (but at present low); but nothing seems to worry local investors, who feel the index can go up further. Understanding volatility is therefore central to risk management in an economy. Asymmetry in stock market volatility has its own significance, which implies volatility rises after negative shock than positive shock of similar magnitude. If the stock market is efficient, then the volatility of stock returns should be related to the volatility of the variables that affect asset prices.

• Reasons for the present slowdown:
  Historic crude oil prices, high inflation rates, weak industrial production data, RBI policies, political uncertainties and obviously the sentiments of domestic as well as FIIs influenced on the sensex volatility.
  
  The key benchmark indices ended lower as investors resorted to profit booking due to lack of positive triggers in the market
  
  Central banks across the globe warned that interest rates may have to rise as they look to keep inflation under control, despite the fact that economic growth is slowing in key nations such as the US and UK
  
  Investors dumped financials on concerns about the fallout from worsening global credit turmoil
  
  The global financial sector turmoil impacts sentiment in the local market and raises worries of more withdrawals by foreign funds.Presently, we can saw market plunging after the RBI announced further hikes in Repo rate as well as CRR both increased to 9%. Also, the serial blasts at Ahmadabad and Bangalore adding to the worries and enhancing the negative sentiments. And above all we can't see any positive trigger that can dilute the flow of negative news

Drinking Water Scenario in Telangana

Drinking Water Scenario in Telangana

Today, we are witnessing a series of revival meetings for demanding separate Telnagana. Their zeal and enthusiasm are like that of born-again Christians carrying on a crusade against injustice. It is axiomatic that exploitation occurs only between two unequal and that the exploiter would always like to keep the exploited weak. Therefore, development of the Telangana region in a combined state is theoretically not possible. This leaves little scope for the implementation of developmental strategies even if they are suggested. This is precisely what has been happening. For example, the magnificent prosperity of the people living downstream of two mighty rivers Krishna and Godavari, is due to adequate utilization of their waters for their benefit. This is hardly the case with Telangana through which these rivers pass. The people of Telangana, particularly of this generation, feel they are cheated out of their educational and employment opportunities. Add to this the absence of any developmental programs. No wonder, the people are disenchanted and frustrated. Because of the violation of rules made to protect their interests, their faith and credibility in the government has been getting guide seriously eroded. What they are asking for in these meetings, is their right to guide their own destiny. They are not asking for anything that belongs to others. They regard it utterly fatuous when someone tells them not to ask for separation. They see it as an invitation to be exploited further. And they consider it extremely uncouth and uncivilized the way some people try to humiliate them in their own house.

Coming to the question of regional imbalances which are in reality the outcome of discrimination and neglect, it surprising that even in the matter of supplying water to drink, a strange type of indifference can easily be noticed on the part of government . Although Hyderabad is the capital of unified Andhra Pradesh, the water scheme drawing water from the Krishna has been allowed to languish on the drawing boards for almost a quarter of a century. In order to delay the scheme, government has been spending crores of rupees in the name of fresh appraisals; a scheme that was recommended by three expert committees and for which two foundations stones have already been laid, sites fixed and compound walls built. To develop the concept, a private consultant was paid Rs 5 crores whereas, there is hardly anything left to conceive. Meanwhile, the cost of the scheme has gone up from Rs. 129 crores to 180 crores; which means, if the scheme is even taken up and commissioned, only those living on the Banjara Hills and few others, can afford to buy that water, aggravating further the hardship faced by vast majority of city's population, and incidentally, that of the surrounding municipalities that now form part of the so called megacity. Meanwhile, the water from different river basin is increasingly being diverted to the city depriving the people of Medak and farmers toiling for generations in the are under Nizamsagar their legitimate share. The most tragic of all is the case of Nalgonda. People for generations have been facing the twin problems of scarcity and excess fluoride in the water.

The Royal Netherlands Government had offered to provide financial assistance, which is non-repayable, to provide fluoride-free water to the people who are suffering from crippling effects of flourosis. It is really pathetic to see people afflicted with the disease. Yet no serious effort has been made to secure the grant offered. Under this scheme. around three hundred villages and an equal number of hamlets were to be covered. It was also proposed that Srisailam Left Bank Canal should provide water for some of these villages. The Dutch experts were shocked to hear that though the canal is being dug, nothing has been done to make the water flow in it.

The areas around Hyderabad where the industries are located have become unlivable; the ground water is polluted, denying the people water to drink and the air vitiated in such a way that breathing is hazard. The waste treatment plant has been declared as the biggest polluter by the Supreme Court of India.

The general feeling one can gauge in these meetings is that they have crossed the point of no return. Hope held out for so long has been tormenting their soul; anything offered now is not likely to affect their resolve. They attribute it to sheer arrogance when they hear people saying that they will not concede Telangana.

Telangana is nobody's pocket. It does not lie in their mouth to criticize those who favor separation when they themselves have deified the man who wrested the Andhra region from the erstwhile Madras province. In spite of all this, it is remarkable that the voice of the protagonists of Telangana is conciliatory. They believe that affection grows with separation. Bonds that have been established between the two Telugu speaking people can never break. And Telangana, as it has been its traditions, will continue to welcome all those who have genuine love for it. Telangana invites them wholeheartedly to participate in search for and the selection of the most appropriate developmental alternatives for this region, not only to remove the present imbalance but also to lay the path towards a glorious future. The real celebration of the fiftieth year of our independence as a nation lies in this.

Source:http://www.navatelanganaprajaparty.com/blog/news.php?id=265

Why Telangana?

Why Telangana?

Years of backwardness and neglect from many, a political parties both centre and state have left a void in Telangana. Benefits of an Independent country have not reached to the people who deserve it. With a population of AP around 7 crores it has become difficult to attach interest to Telangana region, what with the core ministries of empowerment and development being handled by the regions of Costal Andhra and Rayalseema leaders. The nefarious nexus between these two regions has left Telangana and its people stranded and found wanting in all aspects.

The state of Telangana with its three crore people, of many major religions and multi ethnic culture with different hues, demands more for its people. People of Telangana come and join the bandwagon for Suvarna Telangana where you interest and ideas will be given the desired value.

Agriculture in Telangana:

Agriculture in Telangana has been the most neglected (The cultivation of land during Nizams era exceeded than what is of today). The Land with two major rivers, Krishna and Godavari has been relegated to a spectator. The water allotted for this area is never released. Major irrigation and infrastructure initiative have never kicked off and are a distant dream of the people.. Any attempts to get a project or irrigation initiative are tossed away with lethargy and impractical explanations by the political nexus of Costal Andhra and Rayalseema leaders.. Farmers of Telangana are a concerned lot, deprived lot. Promises have never been fulfilled. Irrigation projects are the need of hour for Telangana, but instead efforts and projects are always made to irrigate lands in Costal Andhra, which are any way extremely fertile and are in the downstream and receive water irrespective of whether a project, dam, exists or not.

185 Lakh acres of Agricultural Land in Telangana is thirsting for water. Only 51% * of Agricultural Land is associated with Irrigation compared to 97% * (93 Lakh Acres) of costal Andhra and 42% * (38 Lakh Acres) of Rayalseema. * approx figures based on recent irrigation department release.

Development in Telangana:

Development and industrialization in Telangana has been relegated to a back spot. Inspite of being capable, talented and belonging to their own motherland, Entrepreneurs and businesspersons of Telangana have no alternatives other than to cool their heels in stop gap and SME businesses. Once again, the political climate has to be extremely favorable to invest in large businesses. Until and unless there is a separate Telangana, Entrepreneurs and businesspersons of Telangana can just do enough to fill in the stop gap businesses, but cannot dare to venture in major business areas.

Telangana? Why now ?:

This is for the Zealots who are suffering from dementia. Fight for a separate Telangana took place before Independence. Demand for Telangana took place after Independence. Demand for Telangana took place in the 70s, 80s and started again in year 2000 - 2001. It is only the political establishments both at the State and the Central level that have betrayed the quest for the separate Telangana by the people of Telangana alas rules of Democracy do no tend to be applied for this region and its people.

This is for those people who question about its relevance of it now. 47 years is just a speck in the history of a state or a country. Open up your mind to the past 2000 years of history, there have been many a reorganization of countries, states, kingdoms and empires. The last 50 years of the world history has carved many countries. 243 years of American history has created and carved 51 states from the 17 states that originally existed.

Therefore, a demand for a separate Telangana State is justified in the context of Indian Democracy.

Source: http://www.navatelanganaprajaparty.com/blog/news.php?id=220