THE BYSTANDER

Indian burses are yet to be stabilized. Though national political unstable conditions arisen due to ‘nuke’ deal is apparently averted. Still bears are too strong. The inflationary trend is still exerting upward thrust, last Govt. admitted that its hovering around 11.63%, highest for last 13 years. Bank rate is increased for both; deposit and credit. Industrial growth is likely to suffer, since debt is costlier and market is favorable for raising funds. Silver lining is the monsoon; it seems to have arrived in time and dose is normal. So, inflationary pressure is likely to be curbed provided harvest is good. But, how about the burses, have them to wait till things look up! The small investors have abandoned the market, the institutions are sitting on the pile of cash; the FIIs are dumping their holding with every opportunity and withdrawing their funds to be utilized at their own country or for oil speculations. If it continues further (and very likely to), the share indices will dip ...

Do you know , how one feels when one`s someone known depart forever? Well many of you may know, there is nothing new about it. Coming and going is the way of the life. But , you know since last 15 years I have been in touch with a man, who was a humble violin teacher, senior to my no less than 22 years ! But we were friends. The man was not much intelligent, neither sophisticated or that way much educated academically; but still with all his simplicity, honesty he was one to reckon with , in this mega city. At the age of 77 , he expired last Suday, 09th Dec, 2007. His name was Mr, Kanai Mukherjee, may God bless him.