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Saturday, 19 December 2015


BSE Sensex closed 284 points lower and its counterpart Nifty 50 fell 1.05% yesterday, don’t worry there is no vendetta here. Bank Nifty fell 0.88% because of new base rate guidelines announced by RBI, IT sector fell as HIB visas became more expensive, energy and commodity stocks declined due to OPEC and china slowdown, and of course our own GDP revision, the list can go on and on ……

Though the global sentiment is negative because of so many obvious reasons, is any body lamenting here. What did the senate do? They are fast putting their house in order. Their economy is improving, currency is strong, employment levels are high and of course they have politicians ready to put their work before their grievances. Last night, senate has passed $1.3 trillion spending bill to fund the government till next September. Perhaps, US Congress could be coaxed to organize a workshop for our parliamentarians to explain them how to do business, pass bills, negotiate and strike deals fulfilling each others agenda and not stalling work for the betterment of the country.

Right now, they only have three days left before winter session closes on 23rd December and so many bills to pass, if only we could expand time as per work. As for workshops, may be before next elections.  

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