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	<title>Tech Fin &#187; Economy</title>
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		<title>India is cutting down budget deficit faster</title>
		<link>http://fmgm.org/india-is-cutting-down-budget-deficit-faster/</link>
		<comments>http://fmgm.org/india-is-cutting-down-budget-deficit-faster/#comments</comments>
		<pubDate>Mon, 28 Jun 2010 07:04:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://fmgm.org/?p=903</guid>
		<description><![CDATA[The Indian economy is the second fastest growing economy in the world after China. While China is having it's own set of problems due to the high dependence on exports, India is struggling on the inflation front. The inflation is running very high in India and the government is only adding fuel to the fire [...]]]></description>
			<content:encoded><![CDATA[<p>The Indian economy is the second fastest growing economy in the world after China.  While China is having it's own set of problems due to the high dependence on exports, India is struggling on the inflation front. The inflation is running very high in India and the government is only adding fuel to the fire by going in for another round of oil price hike.<br />
From yesterday, the Indians are paying at least 5% to 8% more for petrol and diesel purchases for their vehicles and their engines.  The Indian government reaped a bonanza of over 20 billion dollars extra funding through the spectrum 3G sales last month, which is expected to help it cut down the budget deficit by a percentage point or more.<br />
Now the latest round of oil price hike is expected to help the government cut down the deficit further, and lead the country to a more stable financial position. The inflation problem continues to haunt the country, and the latest monsoon reports are also not encouraging.<br />
So expect some nasty turn in the Indian economic scenario in the coming months, and the government seems to be preparing itself for a turbulent time through finance buildup.<br />
Let us only hope that India remains a healthy growing market in the year 2010 also.</p>
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While China is having it's own set of problems due to the high dependence on exports, India is struggling on the inflation front. The inflation is running very high i[..] - http://fmgm.org/india-is-cutting-down-budget-deficit-faster/" target="blank" rel="nofollow" title="Array">Array</a></li><li class="damn-sexy-comfeed"><a href="http://fmgm.org/india-is-cutting-down-budget-deficit-faster/feed" target="blank" rel="nofollow" title="Array">Array</a></li><li class="damn-sexy-linkedin"><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://fmgm.org/india-is-cutting-down-budget-deficit-faster/&title=India+is+cutting+down+budget+deficit+faster&summary=The+Indian+economy+is+the+second+fastest+growing+economy+in+the+world+after+China.++While+China+is+having+it%27s+own+set+of+problems+due+to+the+high+dependence+on+exports%2C+India+is+struggling+on+the+inflation+front.+The+in%5B..%5D&source=Tech Fin" target="blank" rel="nofollow" title="Array">Array</a></li><li class="damn-sexy-newsvine"><a href="http://www.newsvine.com/_tools/seed&save?u=http://fmgm.org/india-is-cutting-down-budget-deficit-faster/&h=India+is+cutting+down+budget+deficit+faster" target="blank" rel="nofollow" title="Array">Array</a></li><li class="damn-sexy-devmarks"><a href="http://devmarks.com/index.php?posttext=The+Indian+economy+is+the+second+fastest+growing+economy+in+the+world+after+China.++While+China+is+having+it%27s+own+set+of+problems+due+to+the+high+dependence+on+exports%2C+India+is+struggling+on+the+inflation+front.+The+in%5B..%5D&posturl=http://fmgm.org/india-is-cutting-down-budget-deficit-faster/&posttitle=India+is+cutting+down+budget+deficit+faster" target="blank" rel="nofollow" title="Array">Array</a></li><li class="damn-sexy-google"><a href="http://www.google.com/bookmarks/mark?op=add&bkmk=http://fmgm.org/india-is-cutting-down-budget-deficit-faster/title=India+is+cutting+down+budget+deficit+faster" target="blank" rel="nofollow" title="Array">Array</a></li></ul></div>]]></content:encoded>
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		<title>US to lose more if Europe collapses</title>
		<link>http://fmgm.org/us-to-lose-more-if-europe-collapses/</link>
		<comments>http://fmgm.org/us-to-lose-more-if-europe-collapses/#comments</comments>
		<pubDate>Fri, 30 Apr 2010 07:31:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://fmgm.org/?p=774</guid>
		<description><![CDATA[The collapse of the PIGS countries in Europe, i.e, Portugal, Ireland, Greece and Spain is only getting delayed and a good percentage of analysts are expecting these countries to fail over the near term. While failure of Greece and Portugal may happen over the coming weeks or months, the other two countries may still have [...]]]></description>
			<content:encoded><![CDATA[<p>The collapse of the PIGS countries in Europe, i.e, Portugal, Ireland, Greece and Spain is only getting delayed and a good percentage of analysts are expecting these countries to fail over the near term.<br />
While failure of Greece and Portugal may happen over the coming weeks or months, the other two countries may still have a chance to delay it further.<br />
The moot question is who will lose how much in case of a financial collapse of these countries ?<br />
The exposure of the big banks from US seems to be quite high to these four countries and they may end up with huge bad debts which can eat into their profits for at least four to six quarters.  That is bad news, and hence it may be prudent for long term investors to stay in cash for some more time till the Greece and Portugal issues are sorted out by IMF and EU.</p>
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		<title>Why should we save money</title>
		<link>http://fmgm.org/why-should-we-save-money/</link>
		<comments>http://fmgm.org/why-should-we-save-money/#comments</comments>
		<pubDate>Fri, 23 Apr 2010 13:09:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

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		<description><![CDATA[Saving is an integral part of life. Saving is an effort to consider tomorrow. Savings should be done to take care of future needs, to provide all required facilities to our next generation. Saving means, not only saving money, but saving fuel, saving power, saving energy, saving trees. We need to save all this to [...]]]></description>
			<content:encoded><![CDATA[<p>Saving is an integral part of life. Saving is an effort to consider tomorrow. Savings should be done to take care of future needs, to provide all required facilities to our next generation. Saving means, not only saving money, but saving fuel, saving power, saving energy, saving trees. We need to save all this to make sure we do not have any scarcity tomorrow and leave these resources to our children’s need also. </p>
<p>We should definitely live a good living, a standard one. But, we should also simultaneously do savings, so that we can continue living that good living, even when we are retired from work. We should save so that we can meet the educational expenses of our children, can give them a good childhood and ensure their secured future. </p>
<p>There are various ways of saving money. Investments are savings done that can earn money through interest and appreciations. There are also <a href="http://www.visualeconomics.com/savings-accounts/">best savings accounts</a> offered by banks with attractive interest rates. We can invest in precious metal like gold, which has a high appreciating value. Or we can invest in share markets. But wherever, we invest, we need to study the market carefully and invest in a place where there is low risk.</p>
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		<title>Rise in retail sales in US</title>
		<link>http://fmgm.org/rise-in-retail-sales-in-us/</link>
		<comments>http://fmgm.org/rise-in-retail-sales-in-us/#comments</comments>
		<pubDate>Thu, 15 Apr 2010 17:58:42 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://fmgm.org/rise-in-retail-sales-in-us/</guid>
		<description><![CDATA[The retail sales in US surged in March, giving strong base to the expectations of the improvement in the economy. This has also come as an indication in the surging customer confidence. Consumer prices increased by just 0.1% in March have pushed the Federal Reserve to keep interest rate at record lows. The retail sales [...]]]></description>
			<content:encoded><![CDATA[<p>The retail sales in US surged in March, giving strong base to the expectations of the improvement in the economy. This has also come as an indication in the surging customer confidence. </p>
<p>Consumer prices increased by just 0.1% in March have pushed the Federal Reserve to keep interest rate at record lows.  The retail sales jumped by 1.6% the previous month. The economists had forecasted a 1.3% growth. The much hype in car sales have driven the retail sales a boost more than expected but still, apart from the automotive sectors, other sectors have also been doing well.</p>
<p>Clothing stores saw a 2.3% increase in sales and there was 6.7% increase in the car and spare parts sector. Excluding car sector, all other sectors rose by 0.6% in retail sales. Food and beverage stores marked an increase in sales by 0.2%, bars and restaurants by 0.3%, general merchandise stores by 0.6% and health and personal care stores by 0.2%. </p>
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		<title>Crude oil rises highest in 17 months</title>
		<link>http://fmgm.org/crude-oil-rises-highest-in-17-months/</link>
		<comments>http://fmgm.org/crude-oil-rises-highest-in-17-months/#comments</comments>
		<pubDate>Wed, 07 Apr 2010 03:42:10 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://fmgm.org/crude-oil-rises-highest-in-17-months/</guid>
		<description><![CDATA[The crude oil has been the highest in 17 months. This comes after the market pickup due to the recovery of job markets in US. March saw the highest increase in new jobs since three years. This has given positive hopes in the market. The market saw oil traded at 47 cents higher at $84.37 [...]]]></description>
			<content:encoded><![CDATA[<p>The crude oil has been the highest in 17 months. This comes after the market pickup due to the recovery of job markets in US. March saw the highest increase in new jobs since three years. This has given positive hopes in the market.</p>
<p>The market saw oil traded at 47 cents higher at $84.37 a barrel. The steady increase in manufacturing industry in China, India and Asia has also strengthened the view that the global economy is fast recovering.</p>
<p>Saudi Arabia has released the official selling prices of crude oil over the weekend. The stronger discounts on the Saudi crude oil should increase its demand that its rival Russian Ural crude. The Russian Ural crude were sold at the lowest price since 2008 recently. </p>
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		<title>Home loan modification</title>
		<link>http://fmgm.org/home-loan-modification/</link>
		<comments>http://fmgm.org/home-loan-modification/#comments</comments>
		<pubDate>Tue, 16 Mar 2010 12:21:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://fmgm.org/home-loan-modification/</guid>
		<description><![CDATA[The recession has left the country in a really bad shape. There were thousands of people who lost their jobs. There were big time downsizing happening in the companies. Many companies announced bankruptcy. People who took loans could not repay them because of losing their job and income. Many of the bank’s operation became stand [...]]]></description>
			<content:encoded><![CDATA[<p>The recession has left the country in a really bad shape.  There were thousands of people who lost their jobs.  There were big time downsizing happening in the companies.  Many companies announced bankruptcy.  People who took loans could not repay them because of losing their job and income.  Many of the bank’s operation became stand still since they could not recover the money they lent. The most affected of them were the house loans.  There were many foreclosures where the bank seized the property and proposed to sell it off.  </p>
<p>The Obama’s administration had taken their best efforts to bring the situation under control.  They had introduced home loan modification where in the mortgage owners were given cash incentives to reduce the monthly payments of defaulters who are behind their repayments by 60 days or more. These <a href="http://www.fairhomeloan.org/home-loan-modification">Loan Modification</a>  program have eased out the trouble of the borrowers who have lost their job to a great extent.  Many have received breather through this program and fund has been nearly exhausted.  </p>
<p>Not only that, to improve the sales of new house, tax credits were given to people.  The tax credit then got extended to boost the sales of already owned houses too.  </p>
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		<title>Air Travel Drops Dead in UK</title>
		<link>http://fmgm.org/air-travel-drops-dead-in-uk/</link>
		<comments>http://fmgm.org/air-travel-drops-dead-in-uk/#comments</comments>
		<pubDate>Mon, 15 Mar 2010 16:33:10 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://fmgm.org/?p=623</guid>
		<description><![CDATA[The UK's airports handled 7.4% fewer passengers last year than in 2008, the biggest annual decline since records began 65 years ago, figures have shown. The Civil Aviation Authority (CAA) said that with passenger numbers having also fallen in 2008, it was the first time levels have fallen two years in a row. It said [...]]]></description>
			<content:encoded><![CDATA[<p>The UK's airports handled 7.4% fewer passengers last year than in 2008, the biggest annual decline since records began 65 years ago, figures have shown.</p>
<p>The Civil Aviation Authority (CAA) said that with passenger numbers having also fallen in 2008, it was the first time levels have fallen two years in a row.</p>
<p>It said last year's decline was led by a fall in holiday airline traffic, with charter flights down 17%.</p>
<p>A total of 216.8 million passengers flew last year, the fewest since 2004.</p>
<p>UK domestic flight traffic was down 8% and overall scheduled airline traffic fell 6%. </p>
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The Civil Aviation Authority (CAA) said that with passenger numbers having also fallen in 2008[..] - http://fmgm.org/air-travel-drops-dead-in-uk/" target="blank" rel="nofollow" title="Array">Array</a></li><li class="damn-sexy-comfeed"><a href="http://fmgm.org/air-travel-drops-dead-in-uk/feed" target="blank" rel="nofollow" title="Array">Array</a></li><li class="damn-sexy-linkedin"><a href="http://www.linkedin.com/shareArticle?mini=true&url=http://fmgm.org/air-travel-drops-dead-in-uk/&title=Air+Travel+Drops+Dead+in+UK&summary=The+UK%27s+airports+handled+7.4%25+fewer+passengers+last+year+than+in+2008%2C+the+biggest+annual+decline+since+records+began+65+years+ago%2C+figures+have+shown.%0D%0A%0D%0AThe+Civil+Aviation+Authority+%28CAA%29+said+that+with+passenger+numb%5B..%5D&source=Tech Fin" target="blank" rel="nofollow" title="Array">Array</a></li><li class="damn-sexy-newsvine"><a href="http://www.newsvine.com/_tools/seed&save?u=http://fmgm.org/air-travel-drops-dead-in-uk/&h=Air+Travel+Drops+Dead+in+UK" target="blank" rel="nofollow" title="Array">Array</a></li><li class="damn-sexy-devmarks"><a href="http://devmarks.com/index.php?posttext=The+UK%27s+airports+handled+7.4%25+fewer+passengers+last+year+than+in+2008%2C+the+biggest+annual+decline+since+records+began+65+years+ago%2C+figures+have+shown.%0D%0A%0D%0AThe+Civil+Aviation+Authority+%28CAA%29+said+that+with+passenger+numb%5B..%5D&posturl=http://fmgm.org/air-travel-drops-dead-in-uk/&posttitle=Air+Travel+Drops+Dead+in+UK" target="blank" rel="nofollow" title="Array">Array</a></li><li class="damn-sexy-google"><a href="http://www.google.com/bookmarks/mark?op=add&bkmk=http://fmgm.org/air-travel-drops-dead-in-uk/title=Air+Travel+Drops+Dead+in+UK" target="blank" rel="nofollow" title="Array">Array</a></li></ul></div>]]></content:encoded>
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		<title>The problems with Thailand growth rate</title>
		<link>http://fmgm.org/the-problems-with-thailand-growth-rate/</link>
		<comments>http://fmgm.org/the-problems-with-thailand-growth-rate/#comments</comments>
		<pubDate>Sat, 06 Mar 2010 13:26:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://fmgm.org/?p=590</guid>
		<description><![CDATA[Thailand's economic prospects could be put in jeopardy because of a continuing dispute at a huge industrial complex. Recent figures on GDP and exports have been encouraging for the Thai government. But economists and investors are warning that two major factors have the potential to derail Thailand's nascent recovery. One is political instability. The other [...]]]></description>
			<content:encoded><![CDATA[<p>Thailand's economic prospects could be put in jeopardy because of a continuing dispute at a huge industrial complex. Recent figures on GDP and exports have been encouraging for the Thai government. But economists and investors are warning that two major factors have the potential to derail Thailand's nascent recovery. One is political instability. The other is the legal morass at Map Ta Phut. One does not know which one is a bigger problem. Map Ta Phut is one of the biggest petro-chemical hubs in the world.</p>
<p>It is the size of a small town built of gleaming steel pipes, storage tanks and chimney stacks, jutting out into the sea; an industrial peninsula clearly visible from the white sand beaches and fishing villages on either side.</p>
<p>Map Ta Phut has been driving Thailand's industrial growth for decades. But will it continue? That is the big question.</p>
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Recent figures on GDP and exports have been encouraging for the Thai government. 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		<title>House sales decline further in US</title>
		<link>http://fmgm.org/house-sales-decline-further-in-us/</link>
		<comments>http://fmgm.org/house-sales-decline-further-in-us/#comments</comments>
		<pubDate>Thu, 04 Mar 2010 16:54:07 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://fmgm.org/house-sales-decline-further-in-us/</guid>
		<description><![CDATA[The sales of previously owned house has drastically dropped in February. The US administration had allotted tax credit for first time buyers to act towards the housing foreclosures and dip in sales. Further to decline in previously owned house, the tax credit was extended. But that could not lure the buyers. The heavy number of [...]]]></description>
			<content:encoded><![CDATA[<p>The sales of previously owned house has drastically dropped in February. The US administration had allotted tax credit for first time buyers to act towards the housing foreclosures and dip in sales.  Further to decline in previously owned house, the tax credit was extended.  But that could not lure the buyers.  The heavy number of foreclosure and the fact that the foreclosures are still continuing have contributed to the decline.  The unemployment is US is also a factor.  The confidence of the buyers have gone down. The statistics only show that the house sales would taken some more time to regain momentum. </p>
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		<title>Greece problem gets a breather</title>
		<link>http://fmgm.org/greece-problem-gets-a-breather/</link>
		<comments>http://fmgm.org/greece-problem-gets-a-breather/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 18:20:12 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economy]]></category>

		<guid isPermaLink="false">http://fmgm.org/?p=571</guid>
		<description><![CDATA[The Greece problem was all set to break the European Union group of countries because the Greece government was not taking adequate corrective measures in spite of pressure from European Union. The cost of borrowing went up for Greece and also for the rest of European countries as the lenders were wary of European collapse. [...]]]></description>
			<content:encoded><![CDATA[<p>The Greece problem was all set to break the European Union group of countries because the Greece government was not taking adequate corrective measures in spite of pressure from European Union. The cost of borrowing went up for Greece and also for the rest of European countries as the lenders were wary of European collapse.</p>
<p>Realizing the dangers of a sovereign default, Greece has today announced some partial steps to bring back financial prudence / discipline.  The Greece government has raised the Value added tax across all products apart from raising the petroleum retail prices. Also the government has announced a sharp cut in the government sector employees' bonus and pension payouts. All these are expected to help Greece and also the European Union to postpone an inevitable financial turmoil.</p>
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