BRIC countries' growth story coming to an end?

Economic Times article dated 29th Dec. 2011 has definitely initiated a new talk in the Market, whether BRIC Countries (Brazil, Russia, India & China) growth story has paused in dynamic changes in global economy in last three years.

Please read article:

http://economictimes.indiatimes.com/news/international-business/bric-countries-growth-story-coming-to-an-end/articleshow/11285589.cms

Challenges Ahead for Capital Market Regulation in India

Beginning of a new decade definitely viewed as opening of new opportunity and challenges for regulators and governing regulations related to various components of capital market. Core question is whether present structure of Capital market is adequate to face and maintain future opportunities and challenges standing ahead of the new decade?

Somesekhar sundaresan has tried to evaluate such challenges of capital market in “Fin sector reform panel has its task cut out in '11”, dated 3/01/2011 in Business standard.

Concern over future challenges can be categorised in following heads:

- Uniformity of the interpretation of various components of capital markets
by regulators
- Adopting existing regulations of capital market with future challenges
and dynism of capital market
-Check and balance structure on various capital market regulators for
stability of market.


As new decade has certainly been going to recognise Indian capital market as a strong presence in the world. Such strong presence always follow by effective and comprehensive regulation of the Indian market in uniform manner. Uniformity is the most critical issue related to interpretation of Indian capital market regulation, and best example is wide interpretation of 'Collective Investment Vehicle' and various hybrid components of capital market like offshore funds.

Last year shall be known for tussle between various regulators on regulation of subjects of capital markets, like ULIP, and role of government for solving above issues has always been taken into consideration by critics of Indian capital market. Hoping for The Financial Sector Legislative Reforms Commission (FSLRC) is expected to be finally set up this year, which may redefine check and balance on various capital market regulators.

Merry Christmas and Prosperous Happy New Year Ahead...

Very happy merry christmas and prosperous happy new year to one and all.As we are planning to welcome a new decade can not stop me to wright about last dacade. If i think about importance of last dacade for India,can n't ignore a dacade of new opening doors for developing immature libaral economic democaracy,both with achievements and challenges.
it can't be ignored that modern Indian economy which was changed its nature in 90s from License Raj to more western liberal economy with limited roles of government, has stand with challenges of effectiveness of social responsibility of large corporations and government.
Marx has honestly and firmly said that economic nature and activities of human nature govern social and political life of the state, and thus if such nature is more individualist it would difficualt to have communist state with more social responsibility of each of the member of society.
I hope new dacade shall come with exception of Marx theory for wellbeing of public at large.
Again wishing a merry christmas and happy new year....

LCIA India Arbitration Rules

Following the establishment of LCIA India (The London Court of International Arbitration) as a centre for arbitration a year ago, on 17 April 2010, the much anticipated LCIA India Rules (the "Rules") were launched and published on LCIA India's website http://www.lcia-india.org. Establishment of LCIA would at one hand definetly provide a new approach to Indian arbitration mechanism, though at another hand rules laid down by LCIA are going to make a very critical picture in presence of Indian Arbitration Act, 1996.

SEBI's 'Capital Norms' Reform Formula

US mortgage crisis and European debt crisis has undoubtedly raised the question on creditability of existing financial market structure, and India is not an exception. 90s era in Indian economy invited LPG (Liberalization, Privatization and Globalization) policy was a positive step towards open capital and securities market era. Though fair regulation is an essence of Indian law and therefore SEBI was established as an instrument to control and regulate capital and securities market in India.
For last few years, SEBI has aggressively reformed regulations and guidelines which was formed in 1992, and new committee report on 'reform of capital norms' is just an another chapter of SEBI's reform policy. Though impact of reform of such capital norms can be an effective steps towards consistent capital market.
SEBI recommendation committee examine such capital norms on the basis of 'loss bearing capabilities' and 'enhance transparency' of Asset Management Companies, mutual funds, credit rating agencies, merchant bankers and brokers.
while micro evaluation of such recommendation, in words of Mehta of Asit C Mehta ' the report not only addresses the capital but has attempted to take a comprehensive account of capital, eligibility of people and infrastructure of those intermediaries'.

See the Link Below:
"http://epaper.livemint.com/ArticleImage.aspx?article=14_05_2010_001_021&mode=1" and "http://epaper.livemint.com/ArticleImage.aspx?article=14_05_2010_024_002&mode=1"