Regan was the most practical man when he explained recession. Year 2008 marked the most serious recession after the great depression in 1930. But the worst was not yet over. In 2008 it started with Lehman brothers. In 2011 it started with Greece and the US. Now it is evident that we are affected by recession by and large. Here are the repercussions of a recession, so be prepared.

What will happen globally?
1, Recession may lead to depression. Depression is similar to stagnation of business activities. During recession almost all the governments would cut government spending, this will make life lot more painful.
2, Recession means loss of job to an ordinary working man. Financial sector will be the worst hit. Countries may give preference to their natives during recession. They may expel the foreign work force.
3, Recession will lead to economic instability in almost all the nations. The situations in the US and Europe will become worse.
4, Loan will be more costly or you may not get loans.
5, Recession will definitely affect the imports, which indirectly affects the trade deficit of countries. Emerging economies like India will be the most affected by this phenomenon.
6, Job loss in the unorganized sector will be more. Number and percentage of economic crimes will increase all over the globe.

How it will affect India
1, Crude oil prices may cool off, this is a positive development as far as India’s fortunes are considered.
2, many economists believe that a new world economic order will emerge after recession. Then India and China will be the emerging stars.
3, During recession IT companies will have lesser orders-negative development for the IT and ITES industry.
4, Recession, be it of any kind, is negative for the Indian share market. The so called foreign institutional investor giants will sell their stakes and leave the country.
5, Due to the aforesaid factors Indian growth rate will be diminished. Industrial growth will head southwards.
6, Tourist inflow will decrease. Not good for the travel and hospitality industry.
7, During the last recession in 2008, Indian rupee touched 51 against US dollar. Many IT professionals lost their jobs. We can expect a replica of this situation again.

What will happen in Kerala
1, Kerala is home for the largest expatriate population among other states in India. Hence recession anywhere in this globe is negative for kerala economy. Also it will affect the tourism and hospitality industry in the state.
2, It is said that kerala’s real estate sector has been in recession for long. Recession will dampen the prospects of this sector.
3, Sometimes recession is a boon for the small traders. Because when recession comes people prefer small shops than big malls.
4, So many people in the gulf region will lose their jobs. But the state is not equipped to meet these kinds of challenges.

What will be the future?
There are apprehensions that RBI will intervene now to rescue the rupee. Bet there are no signs yet. If you have relatives who are sending remittance in dollar medium you have a reason to cheer now. But if you want to send money from India in dollar denominations, for at least some time, you are in trouble. When dollar gains strength other currencies are going to be weaker. This will definitely make an impact on India since we have the world’s largest expatriate population.

By Dipin Damodharan

By recognizing Anuradha Koirala as one of its top ten heroes the television giant CNN has brought the tremendous service of Nepal’s hero to the fore. It was in last month that CNN selected Anuradha Koirala, a Nepali activist, as one of its top ten heroes. The name Anuradha Koirala may be alien to Indians. When someone sounds the name Anuradha Koirala-the organization Maiti Nepal has come up to the mind of a common Nepali. The objective of this article is to introduce Anuradha Koirala and her activities to the unknown masses in the world. Who is Anuradha Koirala? What is Maiti Nepal?  Why CNN recognized her as a great hero? Let us have an in depth journey into the tremendous story of Maiti Nepal.

If someone wants to know Anuradha, he has to study the activities of Maiti Nepali. It is an organization fighting to end women trafficking in Nepal. Anuradha started Maiti Nepal in 1993 with two rooms. After 17 years Maiti Nepal has outreach in 29 districts of Nepal, and also a worldwide network of supporters. The organization is at the forefront in rescuing and rehabilitating victims of trafficking. It has rescued over 12,000 girls so far, including12 girls from Kuwait and Saudi Arabia recently. CNN has recognized Koirala’s contribution to combat trafficking by choosing her as one of its top10 CNN Heroes 2010. CNN Heroes is an effort to honor people those who have made a praiseworthy contribution to revolutionize the globe.

The menace of trafficking has been a serious problem in Nepal for several years. During the 1990s domestic violence and trafficking had at its peak. Anuradha, a school teacher upholding the values of humanity, decided to fight against this evil. This paved the way for Maiti Nepal in 1993. By using her income she initially helped some women, victims of domestic violence, to start a new life. This initiative has got the support from the UNICEF. Subsequently with the support of several personalities from various strata of the society Maiti Nepal had born.

As a result of the splendid campaign and actions by Maiti Nepal, trafficking turned out to be an issue in the public eye. The approach towards trafficking and its victims has altered. The ruling class considers this a critical issue. Political parties have at least included combating trafficking as part of their agenda. Another major development is that the government has endorsed 5 September as anti-trafficking day in Nepal. Those, who did the crime of trafficking, are convicted; Maiti Nepal alone has helped convict 496 traffickers.

For rehabilitation, Maiti Nepal is generating employment opportunities and training programmes for girls. The organization is of the view that, when it comes to society, it has nothing to say if the girl is economically empowered.
Social scientists are of the opinion that trafficking takes place because of lack of education and employment opportunities. Education is still not free in the villages and as a parent one sees more value in educating the son rather than the daughter. The government has to make education free and compulsory, fining those who don’t educate their children. Then the government can develop life skill training to address the problem of unemployment. The organizations fighting for these have so many limitations. Only the government would be able to root out this menace completely. But the worst part is that instable governments in Nepal have not able to take any policies or actions to tackle this kind of evils. If the Nepali society searches out a stable and responsible government then the movements lead by activists like Anuradha would be a great success.

The CNN award is an ideal recognition for Anuradha, the hero of the oppressed Nepali women and definitely it will be a boost to her selfless service to protect human values.

The Business Magazine I am working with just started a facebook page. I request you all to join there and be a part of Dhanam family.

Following is the link for the same.

http://www.facebook.com/dhanammagazine

Don’t let us die
We are the future of this country
When the sentence finished
Firing started and took lives of 30 innocent students

Sky started bleeding
And the rain swallowed the sorrow
Don’t let us die
We are the hope of millions
Through us they see their dreams
When the prayer stopped
A train ran over them
School bell started ringing
But no one heard!

Our country is hopeless
Our dreams are wet
We pray but we don’t believe
Don’t let the children die
Because when they die
Earth is also going to die!

The newspaper with the Nobel announcement lies before me,
From it, Llosa smiles.

Around the corner
A black sheep smiles,
Then it turned a goat and started crying!
I was very much alive in that minute
But in the mean time I lost my bracket
I became naked,
Naked as an arrow!

Life is not an endless journey
It’s not a journey at all
It’s a bus stop or a railway station
Where we stood still
When I started talking like this
My mother left my home
Now she smiles from the stars!!

If possible don’t read books
They will only guide you to life
Then how can you reach and kiss death

One day,
The day after the rain
A child with rose nose knocked my door
I was in a dream,
In a desert, waiting for rain….
He shook my hand and said
You are an idiot
You can’t write me
I am not your story
When he left my right hand turned black
And my fingers stuck each other

Don’t talk to the rain
It’s the ultimate hope of the last man survived
Like democracy
This rain also means nothing.
Without bracket my life is meaningless.

Infrastructure development finance company limited (IDFC) has launched India’s first infrastructure bond today. It will be open for subscription till October 18th. Individuals and HUFs are eligible to apply. The price of one bond is Rs. 5000, the minimum investment is Rs.10000 (ie, 2 bonds). There are four series of bonds available. The maturity period will be 10 years.
According to the latest budget one will get tax benefit up to 20,000 under 80CCF for their investment in these types of bonds. The rate of return will be 7.5-8 percent. This will be the  maximum return claims IDFC. The size of the issue will be 3400 cr.
The lock in period will be 5 years. After that it will be listed and will be available for trading. After 5 years one can pledge the instrument and avail a loan. Coupon and cumulative schemes are available. Prime minister man Mohan Singh recently said that that in the 12th five year plan the infrastructure spend will be Rs. 45 lakh crore.   LIC, IDFC and IFCI are permitted to issue infrastructure bonds. According to IDFC officials the amount you invest in this bond will be doubled in 10 years period. IDFC bond has got ICRA’s AAA rating. No TDS will be deducted on this bond an investor only need to add the interest to his income and then pay tax according to the slabs. The low price tag is to attract retail participation said S.J Balesh, senior director- treasury, IDFC Ltd. One needs to have a demat account and a PAN card to apply.

It has been quite a long journey as a professional. When I joined my first job I was a bit nervous. I always doubted about my success. I was an average person everywhere. No women accepted my “love request”. When I reached 19 I became bald. Frustration was another reason for my fear. I always believed in hard work. Through hard work anyone can achieve anything. My life was full of misery from the beginning. I tried hard but didn’t succeed. I always thought about success but frequently failed. Then I made a decision that I will not allow failure to enter into my heart. I will strive continuously for success. Now I am working as senior reporter in a business magazine publishing in Malayalam. I don’t have much knowledge ut I am trying to earn it. My search for love continues…. My ambition is to become the most famous business journalist of kerala, I hope that god will help me to achieve this dream.

I had dreams

Dreams about you, about us

But you didn’t care

 They called me coward

They hit me on the face

But I didn’t react

Only because of you

 You were my passion

My life, my future

I always lived for you

 Now I am in this cruel city

Because of you

I smoke too much-because of you

My nights are sleepless because of you

Why you don’t love me

Why you avoid me

Yesterday I cut my veins

I saw the blood

The red naked truth

I love you and will always love you

And will wait until you recognize my love

Interview in its true sense is an art. The sad thing about me is that I am not an artist. My first major assignment in Dhanam was interviewing Ramdeo Agarwal (the co founder of Motilal Oswal securities limited).
He is a prominent figure in the financial services sector of this country. I was nervous at the beginning of the interview. I prepared well for the interview but didn’t get the desired flow. His answers were crisp and accurate. He was not interested in out of the box questions! Regarding ULIP he skipped that question.
The interview lasted for one hour. If I had showed some more confidence the interview would have been even better.
Lessons
I learned many lessons from the interview-you should be well prepared for the interview. Confidence level should be very high. If you interview someone don’t think about others imagine that only you two are there in the game.
I gave only pass mark for that interview. I believe that there is room for improvement!